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Yesterday, the Fed announced that the rate hike is expected to stop in September? Is the US economy better than expected? What about gold?

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Overnight Market Review (2022.5.23) Weekly investors are uneasy about the possible impact of the Fed’s measures to suppress inflation on the economy, which worsens Wall Street’s risk sentiment, the dollar edged up, the S&P 500 is on the brink of a bear market, and gold has its first weekly line in five weeks rise.

Global gold markets: Gold prices edged up last week, their first weekly gain in five, as concerns over economic growth persisted and the dollar fell for the week. A slide in U.S. Treasury yields supported safe-haven gold. Gold futures rose 0.1% to $1,842.10. “Recession fears are giving way to U.S. growth worries, which are boosting gold prices,” the data said.

U.S. stock futures rose in pre-market Monday after U.S. President Joe Biden said he was starting to lower tariffs on some Chinese imports, boosting market sentiment, but in the short term investors still need to pay attention to the minutes of the Federal Reserve meeting, which will be released this week, companies Earnings reports and economic data such as the PCE price index, the Fed’s favorite inflation gauge. High inflation, the Fed’s future policy path and a strong economy are expected to continue to affect market nerves.

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.

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Risk Warning : Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. 

Risk Warning:
Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

Lepanto Financial Advisers Limited is the holding company of Ultimate Pinnacle Limited. (Address: Fifth Floor, Suite 23, 63/66 Hatton Garden, London, England, EC1N 8LE). All services and products accessible through the site www.upfxtrade.com are provided by Ultimate Pinnacle Limited with the registered address Suite 305, Griffith Corporate Center P.O Box 1510, Beachmont Kingstown St.Vincent & the Grenadines.

Ultimate Pinnacle Limited is a limited liability company established in Belize as an operating subsidiary within the Lepanto Group of companies (collectively “Ultimate Pinnacle”) under Registration No. 173474 and having its registered address at No. 1 Corner of Hutson Street and Marine Parade, Belize City, Belize.

Lepanto Financial Advisers Limited is the holding company of Ultimate Pinnacle Limited. (Address: Fifth Floor, Suite 23, 63/66 Hatton Garden, London, England, EC1N 8LE). All services and products accessible through the site www.upfxtrade.com are provided by Ultimate Pinnacle Limited with the registered address Suite 305, Griffith Corporate Center P.O Box 1510, Beachmont Kingstown St.Vincent & the Grenadines.
Ultimate Pinnacle Limited is a limited liability company established in Belize as an operating subsidiary within the Lepanto Group of companies (collectively “Ultimate Pinnacle”) under Registration No. 173474 and having its registered address at No. 1 Corner of Hutson Street and Marine Parade, Belize City, Belize.

Lepanto Group Pty Ltd is authorised and regulated by the Australian Securities & Investments Commission, ASIC (ACN: 072 424 830)

Ultimate Pinnacle Limited is a company authorised and regulated by the National Futures Association (NFA ID: 0537666)

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