Week #33 on the market was quite exciting. Euro rolled back to lows in 3 weeks, Trump claims Fed, US debt market gives signals of an approaching recession. The currencies of Argentina and Hong Kong are also subject to change due to the latest news.
The July meeting of the European Central Bank, the new Prime Minister of Great Britain is a supporter of the “hardcore” Brexit, the slowdown in US GDP, Twitter net profit breaking records, and the US Internet giants are under investigation among the main news of last week.
A Week on the Market: Dollar Fears Not, Pound at Its Minimums
Top News of the Week: Federal Reserve and Some Statistics
May is expected to be as efficient as April. Traders’ proverb “May sell and go away” will be very correct this year again. The market tendency to continue current trends will remain in force not only in May. Particular attention should be paid to three instruments, which are expected to be extremely volatile implying both corrections and the downtrend continuation.