Top News of the Week: Federal Reserve and Some Statistics
The first week of July turned out rather quiet for capital markets: the end of June was too busy for investors. However, market players found room for movement even in such calm settings.
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.