Germany's daily new coronavirus infections hit a record high on Thursday.
The number of confirmed coronavirus cases increased by 21,506 bringing the total case tally to over 597K. Cases have surged over the past couple of weeks, forcing the government to reimpose a month-long lockdown.
EUR/USD fell by nearly 1.8% to 1.1645 last week as investors offered euros on concerns that the resurgence of coronavirus would derail the economic recovery and force the European Central Bank to boost stimulus. The pair, however, has bounced back to levels above 1.18 this week amid the US election saga.
The US reached a new record high of 121,054 daily new coronavirus cases Thursday, per Johns Hopkins University data. Democrat candidate Joe Biden, who has moved closer to the White House, attended a briefing on coronavirus earlier Thursday in Wilmington, Delaware.
We introduce people to the world of currency trading, and provide educational content to help them learn how to become profitable traders. We're also a community of traders that support each other on our daily trading journey.
Trading CFDs on leverage involves significant risk of loss to your capital.
Any opinions, chats, messages, news, research, analyses, prices, or other information contained on this Website are provided as general market information for educational and entertainment purposes only, and do not constitute investment advice. The Website should not be relied upon as a substitute for extensive independent market research before making your actual trading decisions. Opinions, market data, recommendations or any other content is subject to change at any time without notice. DrForexOfficial, will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
We do not recommend the use of technical analysis as a sole means of trading decisions. We do not recommend making hurried trading decisions. You should always understand that PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.