Overnight Market Review (2022.7.08) On Monday (July 11), the U.S. dollar was trading around 106.92 in early Asian trading. Last Friday’s strong non-farm payrolls data consolidated support for the Fed’s policy meeting later this month. The expectation of another 75 basis points of interest rate hike; meanwhile, the employment data pushed gold down. This week, the British pound will focus on the internal election of the British Conservative Party. In addition, the death of the former Japanese prime minister last Friday will pay attention to the impact of related events on Japanese politics, and then pay attention to Japan. fluctuations in the dollar.
U.S. stocks ended little changed on Friday in choppy trading as investors tried to assess how a strong jobs report would affect the Federal Reserve and its plans for aggressive interest rate hikes.
Gold edged higher on Friday but was on track for a fourth straight weekly loss as the dollar rose and bets on a sharper rate hike intensified amid strong U.S. jobs data.
Trading strategy deployment: it is recommended to go short at high levels
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