FX.co ★ Trader's Diary for April 20, 2020. Coronavirus in Russia and Oil

Oil shows new lows in the morning.

Coronavirus in Russia:

Today marked the first time of a significant drop in the number of new cases per day in Russia. Previously, the number of newly reported cases was at 6,000 per day, now the newly reported cases dropped to 4,268. Is this already the start of a drop in the peak in Russia?

The growth of new cases in Russia went to 10% of the total cases per day. A day is not possible to draw strict data conclusions as this may still change in the following days.

However, there will be a sure hope for a speed slowdown in the epidemic in Russia once the growth rate drops at 7% per day or less. If this happens, the epidemic condition will start to stabilize and the recovery rate will start to grow.

In this regard, we continue to wait for further news updates and reports. But until then, take care of yourselves.