FX.co ★ Trader's diary for April 17, 2020. Central Bank, Oil, and coronavirus

Oil:

The oil plunges to lows of around $ 20 (US oil, CL contract).

Coronavirus:

The cases of coronavirus in Russia does not slow down. There are + 14.5% of new infections per day - from 28,000, 4,000 cases were added which resulted in approximately 32,000 cases of the pandemic.

At the same time, the acceleration in Moscow is at + 12% again - the rate decline was not confirmed yesterday.

Petersburg, on the other hand, sharply rushed forward which resulted in + 40% of infected patients per day, that is from 1038 added by 424 cases.

Central Bank:

The Central Bank will consider a rate cut on April 24.

In conclusion, the Central Bank will not pull out against low oil, massive growth of pandemic and a falling economy.

Meanwhile, the dollar and euro can be bought at current prices.