FX.co ★ Evening review 04/01/2020. EURUSD Market decline somewhat delayed but not reversed

EUR USD

Markets were waiting for the first reports for March - waiting with horror and interest, as the European coronavirus tragedy unfolded in mid-March.

But the news came out surprisingly calm: the ADP report on employment in the US showed just -27,000 jobs (this is surprising, given that weekly unemployment benefits jumped to 3.28 million last week).

The ISM index came out at 49 - clearly not matching the negative economy.

Markets will wait for US employment reports on Thursday and Friday.

We are following the new data on coronavirus - in the US first of all.

On the morning of April 1, there were 188,000 infected in the US, already 4,000 deaths and 900 deaths per day.

EUR USD:

Buy at the breakout to the top of 1.1150.

We sell from 1.0635.