Overnight Market Review (2022.7.7) Investors in global markets are worried about the possibility of a recession. Risk assets were bloody overnight. While crude oil fell by nearly 10%, most European and American stock markets also closed down. U.S. stocks staged a V-shaped reversal during the session and closed up in a thrilling manner, while pan-European stock indexes all fell by more than 2%.
On the other hand, safe-haven assets benefited. The U.S. dollar rose to a 19-year high, the U.S. Treasury yield curve also inverted, and the 10-year Treasury bond once rose to a high of 2.98%.
In the gold market, gold futures for August delivery on the New York Mercantile Exchange closed down $37.60, or 2.10%, at $1,763.90 a barrel on Tuesday, the lowest closing price since early December.
Trading strategy deployment: it is recommended to go short at high levels
All transactions involve risks, the above analysis is for reference only. When placing an order, be sure to set the lot size and remember to set the stop loss.
