What you need to know on Monday, May 18th: The dollar closed the week with a strong note, despite reporting on Friday that Retail Sales fell by 6.4% in April, the largest slump on record. The Michigan Consumer Sentiment Index beat expectations, printing 73.7 in May. The EUR/USD pair closed the week as it started it, a handful of pips above the 1.0800 mark. News over the weekend showed that German EU parliamentarian Weber said that he favours declaring a twelve-month ban on Chinese investors who want to buy European firms. The pound was the worst performer, undermined by Brexit woes. The UK and the EU, both reported a deadlock in talks, amid disagreement on the EU’s demand for a level playing field. Andrew Haldane, Bank of England’s Governor, said that “there are other options beyond that, or alongside that, that we’re looking at as well,” when referring to negative interest rates. He also discussed the use of QE, although he later clarified that he was not implied policymakers are poised on any of those options. Commodity-linked currencies fell on Friday and closed the week with a soft tone against the greenback, despite oil and gold posted substantial weekly gains. WTI settled just below $30.00 a barrel, while spot gold hit a multi-year high of 1,751.75 a troy ounce. US indexes settled on Friday near its daily highs but remained in the red weekly basis. The market’s sentiment continued to fluctuate between fears of economic downturns and hopes on reopenings. Treasury yields remained depressed throughout the week. Bitcoin Price Analysis: $10K still in sight amid a descending channel breakout 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 USD/JPY Forecast May 18-22 -Japan Likely in Recession; Will Yen Slide? Kenny Fisher 2 years What you need to know on Monday, May 18th: The dollar closed the week with a strong note, despite reporting on Friday that Retail Sales fell by 6.4% in April, the largest slump on record. The Michigan Consumer Sentiment Index beat expectations, printing 73.7 in May. The EUR/USD pair closed the week as it started it, a handful of pips above the 1.0800 mark. News over the weekend showed that German EU parliamentarian Weber said that he favours declaring a twelve-month ban on Chinese investors who want to buy European firms. The pound was the worst performer, undermined by Brexit… 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.