Italy is considering closing schools and that is weighing on the euro as Biden’s Super Tuesday victory may be soon forgotten by markets. Yohay Elam, an analyst at FXStreet, sees reasons for the euro to change its downtrend. Key quotes “Italy – whose economy had been struggling before the crisis – is not alone in rising numbers of coronavirus cases. The death toll in the US continues rising and the world’s largest economy has more to lose from measures of social distancing.” “The Federal Reserve slashed interest rates by a double-dose of 50 basis points on Tuesday and is expected to cut rates again later this month. The move comes in response to the virus.” “ADP’s jobs report or February was only OK with an increase of 183,000 jobs – but on top of a significant downward revision to January’s data, from 291,000 to 209,000.” “While markets prefer Biden over Sanders, political analysts see President Donald Trump’s chances are higher against Sanders. As markets prefer the incumbent, the result is not necessarily a positive for investors.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Gold Price Analysis: Consolidates in a range below weekly tops, around $1640 region FX Street 2 years Italy is considering closing schools and that is weighing on the euro as Biden's Super Tuesday victory may be soon forgotten by markets. Yohay Elam, an analyst at FXStreet, sees reasons for the euro to change its downtrend. Key quotes “Italy – whose economy had been struggling before the crisis – is not alone in rising numbers of coronavirus cases. The death toll in the US continues rising and the world's largest economy has more to lose from measures of social distancing.” “The Federal Reserve slashed interest rates by a double-dose of 50 basis points on Tuesday and is expected… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
