Overnight Market Review (April 25): Last Friday, the market continued to be affected by the possibility of aggressive rate hikes by the Federal Reserve, with the dollar rising and gold falling. Hawkish comments from several Fed officials, including Fed Chairman Jerome Powell, pushed the U.S. dollar index above the 101 mark to a two-year high. Suppressed by this, spot gold plummeted more than $40 all week. Entering the US market began: US stock index futures fell, Dow futures fell about 180 points, and the market was worried about the epidemic in the world’s second largest economy. Meanwhile, the Fed entered a period of silence after its hawkish remarks on Friday. Investors widely expect the Fed to start raising interest rates faster at its May meeting.
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.
