Today, the focus is on the problems of Airbus, the accumulation of oil tankers in California, and the growth in COVID-19 patients in Russia.
Claims for unemployment benefits in France rose in March by a record 7.1%. Affects EUR
The number of cases of COVID-19 in Russia exceeded that of China. Affects RUB
Airbus’s chief executive, Guillaume Faury, told the company that the manufacturer’s survival is at stake and hinted at further reductions in production. Affects Boeing
Apple will delay the production of flagship smartphones for a month, as product demand has declined. Affects Apple
In the coastal area of California, a massive accumulation of oil tankers. Affects Brent
The U.S. Consumer Confidence Index from CB will be published. Coming in at 88 points is the forecast. If the real data is lower, the USD may react with a decrease.
The report on changes in employment in New Zealand for the first quarter of 2020 will be released. it is expected to grow by 0.3%, but taking into account the global trend, there is a high probability of a negative amount. In this case, a decrease in the rate of NZD is likely.
Russia was among those countries where the epidemic arrived late and was gaining momentum relatively slowly. However, yesterday it became known that the number of patients with COVID-19 in Russia exceeded China. At the same time, the Russian authorities admit a worsening situation. This circumstance may adversely affect the exchange rate for the Russian ruble.
In addition, another major negative factor is another large-scale decline in oil prices. For these reasons, USD/RUB may advance towards the level of 76.00, where the downward resistance level is going.
This currency pair may reverse away from its strong resistance level of 0.85500.
The asset’s chart on the 4-hour timeframe dropped below SMA 10, which can be considered as a signal for a short-term decline. An additional bearish factor comes from lowering price highs.
Gold on this day in history
- Since 2000, April 28th has been a trading day 13 times.
- On 53% of those days, the asset finished trading with growth.
- The maximum strengthening range was 3.23%.
- The downward trend was limited to 3.35%.