Overnight Market Review (2022.6.29) On Tuesday, U.S. consumer confidence declined, recession fears increased, U.S. stocks tumbled, and sanctions on Russia boosted oil prices.
Global gold markets: Gold prices were stuck in a narrow range on Tuesday as the prospect of rising interest rates challenged the metal’s safe-haven appeal, while recession risks buoyed it. Gold futures were down 0.2% at $1,821.20 an ounce.
U.S. stock futures were mixed in pre-market Wednesday, with no clear direction, as markets await PCE price index data later this week and Fed Chair Jerome Powell’s speech at the European Central Bank’s annual forum to assess the U.S. economy situation and the pace of future monetary policy.
Trading strategy deployment: it is recommended to do more at low 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.
