News, Trends, & Analytics 24.04.2020

The U.S. reached a "plateau"

Today, the focus is on the growth in applying for unemployment benefits in the United States, the meeting of E.U. leaders, as well as a decrease in the incidence rate of COVID-19.



Member of the Monetary Policy Committee of the Bank of England, Gertjan Vlieghe, admitted that the current crisis will be the worst in several centuries. Affects FTSE 100

The countries of the Middle East and Africa are in no hurry to come to the rescue of airlines. Affects Boeing

European Union leaders discuss financing economic recovery. Affects EUR

Donald Trump announced that the incidence of COVID-19 in the USA had reached a “plateau”.  Affects USD

The number of initial applications for unemployment benefits in the U.S. exceeded forecasts and amounted to 4.427 million. Affects USD



08:00 GMT

The IFO German Business Climate Index will be published. It is expected to decrease to 80 points. If real drop turns out to be worse, the EUR may react with a decline.

10:30 GMT

The Russian central bank will decide on its key rate. If the rate is reduced, the RUB may decrease.

12:30 GMT

The report on Durable Goods Orders in the United States will be published. Predicted value: -5.8%. If the real percentage is lower, the USD rate may decline.


Technical Analysis


Despite the statements by the American president about the slowdown in the United States, Germany is showing a more optimistic trend, both in mortality and in recovery.

The euro against the dollar yesterday indicated the stability of the level of 1.07800. For this reason, we will be able to see the growth of quotes in the near future.

NTA 24.04 - EN_0


We expect the strengthening of the Canadian currency after the chart reversed from the lower border of the rising channel.

NTA 24.04 - EN_0

Basic altcoin index

The index broke the trend line, indicating a probable fall in quotations. Given the specifics of the tool, it can also be noted that it is possible to strengthen the position of bitcoin.

NTA 24.04 - EN_0


CAD/CHF on this day in history

  • Since 2000, April 24th has been a trading day 15 times.
  • On 40% of those days, the asset finished trading with growth.
  • The maximum strengthening range was 2.26%.
  • The downward trend was limited to 1.2%.
Related posts

Weekly News 30.09–04.10.2019

Introducing the most complete review of the upcoming week from analysts Olymp Trade. It included both the news of the economic calendar and the world events that in one way or...