Last Friday (2022.5.6), as investors continued to worry about U.S. inflation and economic growth prospects, and risk sentiment deteriorated, U.S. stocks reversed the gains of the previous trading day and continued to plummet during the session, and the rest of the assets were not spared, collectively reversing the week Fourth, the rally after the Fed’s decision, the dollar once again thriving.
The U.S. dollar index soared, reaching as high as 103.96. Non-U.S. currencies fell terribly. The New Zealand dollar hit 0.64 against the U.S. dollar, and fell 2.21% during the day. The euro fell below 1.05 against the dollar at one point, down 1.12% on the day. But precious metals did not benefit from the panic. Spot gold once fell from an intraday high of 1909.68 to 1872.40, and spot silver fell by more than 2% intraday, erasing all gains after the Fed’s decision.
Trading strategy deployment: It is recommended to go short at a high level.
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.