Forex Forecast and Cryptocurrencies Forecast for May 18 – 22, 2020
<p>First, a review of last week’s events: </p>
<p>- EUR/USD. There is this expression — “retrain on the fly.” That's exactly what President Trump did on May 14. Prior to that, he talked a lot and often about the advantages of a weak dollar, which would increase the competitiveness of American products in foreign markets and pushed the Fed towards a softer monetary policy. And now, he suddenly announced in an interview with Fox TV: "Right now it's good to have a strong dollar. Having a strong dollar right now is great!” The head of the Federal Reserve, Jerome Powell, also supported his President, saying that the regulator did not and does not consider the possibility of switching to negative interest rates.</p>