Trump has COVID-19. What will happen next?

By 05/10/2020News
Morning Stock News

Gold  1893,24
(-0,29%)

EURUSD   1,1732
(+0,14%)

DJIA  27764,50
(+0,73%)

OIL.WTI  37,93
(+2,60%)

DAX   12710,22
(+0,01%)

One of the most serious news last week was that Donald Trump was infected with the coronavirus. Markets reacted instantly with a fall. Donald Trump has been hospitalised.

GBP/USD

GBPUSD

Of course, such an incident makes certain adjustments to the election movements of candidates. Trump will not be able to visit certain states, nor will it be able to attend mass events.
Such movements have added uncertainty to the markets, but we are waiting for the situation to stabilise soon. So far, investors have taken a break and are waiting for macroeconomic statistics this week.
The S&P500 index was losing quite a bit during the trading session on Friday and closed at 3348.
Brexit is putting pressure on the European Union. The situation cannot be solved. The most difficult issues remain unresolved. The DAX index on Friday dropped slightly by 0.33% to 12689.


Euro

Consolidation of the euro continues near level 1,1700. The ECB does not need the growth of the European currency as it calls into question the rise in inflation. We may see ECB interventions that will weaken the value of the European currency. So far, the pair is ready to go further up to 1.1800.


CANADIAN DOLLAR

The USD/CAD pair is very dependent on the oil price. In the current situation, much attention is paid to macroeconomic statistics and the value of the US dollar. This week there will be quite a lot of statistics on which you can determine where the US dollar will go. The Canadian economy is recovering, which is likely to strengthen the Canadian dollar as well. On Friday, the USD/CAD pair traded at 1.33.


Oil

Oil continues to lose its positions. The unclear situation with COVID-19 puts a lot of pressure on exporters. Many countries are increasingly restricting measures on movement, which has a strong impact on fuel sales. Everyone is afraid of a second wave of the epidemic, so in the current situation oil growth is unlikely. On Friday, futures for WTI oil closed at $37.17 per barrel.


What awaits us today?

9.55 Business activity index for the German service sector in September
10.30 UK Service Sector Business Activity Index for September
16.00 ISM Non-productive Supply Chain Management Index for the USA in September


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