February 24-28, 2020. Correction of the main trends

2020-02-23

This week, the correction of the main trends caused by the strengthening of the dollar is likely. The technical and fundamental factors of the next five days are able to reverse the prevailing trend of strengthening gold and the growth of the dollar at the first sign of problems in the American economy. They can occur when publishing the trade balance and GDP.
A possible correction does not yet change the global demand for defensive assets, since the pandemic arose at the point most vulnerable to the global economy. Despite the efforts of physicians, no vaccine was found in two months, the recession of new diseases is ensured by unprecedented standards of isolation, from which the largest international consumer sector suffers. This together plays to strengthen the dollar and weaken other world currencies.