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US indices started correction down

Trading on US stock exchanges began with a decline in major indices on Tuesday, which recently lost 0.6-0.8%. Investors fixed their profit after several days of growth, as well as against the background of the excess of the yield of 10-year treasury bonds by 3%. Statistics at the same time showed a slowdown in growth in retail sales in April from 0.8% to 0.3%, as expected. The increase in the indicator for March was revised from 0.6%. Production reserves in March did not change (it was expected + 0.1%).
The S & P500 index rebounded down from the resistance of 2750 points, which was raised the day before. If the indicator does not manage to return to 2720 points at the end of the day, the probability of accelerating the fall in the Bollinger average area of ​​the daily chart (2680 points) will increase.
European index EuroStoxx 50 by the end of the day fell by less than 0.1%.

Misalignment of raw materials, despite the weaker dollar

Despite the weaker dollar, commodities denominated in the US currency ended last week in a mixed fashion as investors narrowed their positions in gold and oil on the last day of the week.
Copper finished slightly on Friday in positive territory due to the weakness of the US dollar. A sharp drop in the price of aluminum has limited the growth of copper.
July's copper futures ended at 3.1115, or woth an increase of 0.05%. The price was supported in the past week by declining copper stocks, which, according to technical analysts, could take the price to 3.1215.
Gold closed slightly down on Friday, but still managed to record its first weekly increase of four weeks. The metal market was backed last week by the dollar depreciation and lower interest rates on US government bonds.
Among the investors, there is speculation that the Fed will not be as aggressive in its policy of raising interest rates.
Gold futures with delivery in June lost $1.6, or 0.12% to $1 320.7 per ounce.
The announcement of a meeting between the United States and North Korea, which will take place in Singapore, also leads to a reduction in geopolitical tensions and, accordingly, weighs on the price of gold.
Meanwhile, the price of oil has fallen from its highest levels for the past three and a half years, but continues to trade relatively close to them. US crude oil fell 0.63 cents, or 0.9%, while brent fell by 0.35 cents, or 0.45%.

A drastic decline of altcoins on Friday

Heavy week for the bitcoin and the other cryptocurrencies. The heaviest, however, was the last day of last week for the altcoins.
Bitcoin Gold, for example, lost 15% of its value, pointing to the psychological limit of $50. Many analysts believe that the depreciation of the cryptocurrency may continue to the next psychological level of 40 dollars per coin.
The latter level has proved to be a key level of support, and started the last rally.
The dash also overcome the psychological support level of $400 on Friday, and the cryptocurrency seems to have fallen further down to 350 dollars. Experts believe that the $420 level is a serious resistance and could limit the price of the digital coin.
The monero also experienced severe times on Friday, moving below the $200 psychological limit.
Otherwise, the ripple declined substantially, falling over the past week by over 20% and closing the week at 0.69 cents. Litecoin also fell seriously - to a level of 139 dollars per coin on the last day of the week.
The second largest cryptocurrency - the ethereum, ended at a level of 690 dollars per coin.
Otherwise, the bitcoin led the fall of the cryptocurrencies after dropping below the $9,000 psychological limit, where it traded for most of last week. On Friday, the bitcoin ended at $8,500 for a coin.

Oil with a strong downturn before Trump-Iran

Oil prices plunged 4% yesterday after media reported that Trump would most likely withdraw from the Iranian deal with the nuclear program.
The question now is how quickly Trump sanctions will be imposed on Iran and whether this will meet market expectations.
According to a report by The New York Times, President Trump has told French President Emanuel Macron that he will restore sanctions to Iran and will impose additional economic sanctions.
Macron has denied this information, quoted by Reuters.
Oil prices will continue to be extremely volatile and to be influenced by news related to Washington-Iran relations.
The Brent lost 2.3 percent of its value to $74.42 a barrel, while US crude futures fell 2.8 percent to $68.73 a barrel.

Hedge funds have beaten the market for the first time in 10 years

Hedge funds reported a 0.4 percent gain from the beginning of the year to April, beating the broad US index S&P 500, which lost 0.4 percent over the same period.
Increased volatility, along with the rise in energy prices, as well as well-traded bond bets, have been the basis for better industry performance, comment market observers.
This is the first time in nearly a decade, when hedge funds beat the broad US index. For the first four months, the S&P 500 index recorded a decline of 0.38%.
The sectors with the best performance since the beginning of the year were from the health and technology. They have brought a 4.54% yield, while fixed income betting strategies have yielded a net return on hedge funds of 3.12% from the beginning of the year to April.
In April, the most performing sectors were the energy sector and the base materials sector, with a growth of 4.46%.
The rise in oil and other commodity raw materials contributed to the good performance of the energy sector, which registered a growth of 1.5, as well as of the basic materials sector by 2.3%.
Cryptocurrencies also contributed to the strong performance of hedge funds. The tracking blockchain technology index declined by 19.3% since the beginning of the year, but only in April added 47.1% to its value.

Gold interrupted its three-day growth

Gold fell yesterday, interrupting its three-day growth after the dollar index returned to its highest levels since 2018. Poor employment data in the US has done little to change the direction of the dollar to strong growth.
We can not fail to note that the reason for the strong dollar is largely rooted in the weakness of other currencies. After extremely bad data on the growth of the British economy, the results of low inflation in the euro area have also become reality.
Or at the moment, investors are on the subject where the data is weaker. And the US economy looks far stronger than others, even in the light of a rise in interest rates and expected new Fed actions.
The spot price of gold fell 0.1 percent to $1,313 per ounce after the metal reached its highest level since April 30 at $1,318.85 per ounce. Gold futures with delivery in June declined by 0.1% to $1,314 per ounce.