April 13 – 17, 2020. Hope for the best

2020-04-12

The next week of April has a rich political agenda, especially regarding additional measures to support national economies. National governments and national central banks continue to expand the package of financial measures and incentives to support the securities market, business and citizens.

Monetary and humanitarian actions are already having a positive effect on stock indices, whose recovery next week will lead to an increase in demand for major national currencies. It can be strengthened by the fall of the US dollar – the country has to go through the peak of a pandemic.

The situation in the oil market and the deterioration of world statistics on the victims of Covid-19 can cancel this scenario. Investors are waiting for firm agreements from OPEC countries and a decline in the international dynamics of deaths / infections. If this does not happen, the dollar and gold will again act as protective assets.