There are a lot of mixed signals at the moment and this provides a lot of uncertainty, but one thing we can be certain of is that the real impact of the coronavirus pandemic has not shown itself.
We spoke to someone yesterday who discussed how a big chain of hotels this summer is considering not opening for this summer as they have no bookings and therefore 40% of staff may be fired as a result.
This will continue to occur across the world, even if the economies reopen things will not magically return to normal. So now think if the US is the biggest economy, what will this mean for your trading if it weakens?
Our target for the day is: 1.0900
Our target for the day is: 1.2520
Our target for the day is: 1.3850
Our target for the day is: 1750