Overnight Market Review (2022.5.12) The CPI released by the US on Wednesday was less than expected, the US dollar fluctuated at a high level, gold and oil prices rose, and US stocks fell collectively. Review heavyweight – market news: The US CPI in April recorded a year-on-year increase of 8.3%, the decline was less than expected, and the US domestic crude oil production fell for the first time since January. The European Commission considers restricting stablecoin issuance. Gold futures hovered around $1,850 in midday Asian trading on Thursday after data showed the U.S. consumer price index (CPI) appeared to have peaked, but was still not far from a four-year high and above market expectations, while the dollar strengthened Gold prices were also suppressed.
Trading strategy deployment: it is recommended to go short at high levels
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