If the White House does not abandon the idea of a V-shaped recovery of US GDP, the Fed is cautious and argues that the return of the economy to the trend will not be as fast as many believe. Optimists believe in an early victory over COVID-19, and pessimists are pointing facts in their faces about the record number of infected people in the United States and around the world. Both the Fate of US Stock Indices and the fate of EUR/USD will depend on who is right in the end.The euro started the last full week of June for health and finished for peace. Impressive statistics on European business activity set up the "bulls" on a major scale. Especially since the minutes of the ECB's last meeting should have contained conciliatory notes about the German Constitutional Court. Indeed, Christine Lagarde and her colleagues noted that they discussed the effectiveness of QE at each meeting and agreed to transmit more detailed information to the Bundesbank for further submission to the German parliament and court. Unfortunately, this was not enough to continue the EUR/USD rally. The weather for buyers was spoiled by the collapse of the US stock indices and the deterioration...

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