Overnight Market Review (2022.10.19) In the Asian afternoon session on Wednesday (19th), the price of gold futures fell slightly, close to the low of the month, after the Fed officials once again issued a hawkish signal.
Meanwhile, the greenback’s losses paused, with the dollar index, which is down about 1% so far this week, up 0.05% at 112.19, supported by the latest hawkish comments from Fed officials.
If underlying inflation does not cool, the Fed could raise its benchmark rate above 4.75%.
The data also showed that U.S. inflation remains near 40-year highs despite several sharp rate hikes this year.
Trading strategy deployment: it is recommended to go short at high levels
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