MHMarkets：The Fed hinted that policies would need to remain “restrictive” due to concerns that inflation may stubbornly or modestly rise.

At the end of the Asian market on Wednesday (November 22), the latest minutes of the November Fed meeting showed that the Fed hinted that policies would need to remain “restrictive” due to concerns that inflation may stubbornly or modestly rise. At the end of the last meeting, policy makers maintained the benchmark interest rate at 5.25% to 5.5%. The current federal fund futures prices show that there is almost unanimous consensus in the market that the Federal Open Market Committee (FOMC) will maintain interest rates unchanged at its upcoming December meeting and is expected to cut rates starting from May. The US dollar index began a technical rebound during its decline yesterday and closed near its intraday high. The US dollar index rose at the opening of the Asian market today, with a current price around 103.73. Gold rose sharply yesterday due to the expected easing of the Fed‘s interest rate hike, and ultimately closed near the $2000 mark. At the opening of the Asian market today, gold slightly rose and consolidated, with the current price around 1999.15. The latest report from Morgan Stanley believes that OPEC is expected to continue to limit production and stabilize oil inventories at current levels, thereby supporting Brent crude oil prices in the mid range of $80-90 per barrel. Affected by this, US crude oil slightly corrected yesterday, and the market is waiting for new policy data guidance. At the opening of the Asian market today, US crude oil slightly corrected, with a current price around 77.55. European Central Bank Executive Board member Schnabel recently stated that the recent downward trend in inflation in the Eurozone may slow down. We expect the overall inflation rate to accelerate again, and it will take us two years to reduce the inflation rate from 2.9% to 2%. Consumer price increases in the Eurozone are currently significantly lower than last year’s peak of 10.6%, but the final journey towards achieving the European Central Bank‘s inflation target will be even more difficult. EURUSD experienced a technical pullback yesterday and closed near the intraday low. Today, when the Asian market opened, EURUSD consolidated and then declined, with the current price around 1.0901. USDJPY saw a sharp decline in the market today due to the expected impact of Fed’s policy. USDJPY made a technical adjustment yesterday and was trading near the intraday high. At the opening of the Asian market today, USDJPY continued to rise, with the current quotation around 148.97.

MHMarkets strategy is only for reference and not for investment advice. Please carefully read the statement at the end of the text. The following strategy will be updated at 15:00 on November 22, Beijing time.

Gold XAUUSD·
Resistance	2008.02 – 2014.78 – 2022.46
Support	1993.47 – 1986.61 – 1977.02
The above figure shows the 30 minute chart of   gold. The chart shows that the recent upward resistance of gold has been   around 2008.02-2014.78-2022.46, and the downward support has been around 1993.47-1986.61-1977.02.   The market will be judged by whether to break through the upper and lower   support and resistance.Note: The above strategy was updated at 15:00 on November 22. This policy is a daytime   policy. Please pay attention to the policy release time.

Crude Oil USOUSD·
Resistance	78.65 – 79.64 – 81.99
Support	76.81 – 76.23 – 73.64
The above chart shows the 30 minute chart of US   crude oil. The chart shows that the recent upward resistance of US crude oil   is around 78.65-79.64-81.99, and the downward support is around 76.81-76.23-73.64.   The market will be judged by whether to break through the upper and lower   support and resistance.Note: The above strategy was updated at 15:00 on November 22. This policy is a daytime   policy. Please pay attention to the policy release time.

EURUSD·
Resistance	1.0923 - 1.0960 - 1.0984
Support	1.0874 - 1.0857 - 1.0824
The above figure shows the 30 minute chart of EURUSD.   The chart shows that the recent upward resistance of EURUSD is around 1.0923-1.0960-1.0984,   and the downward support is around 1.0874-1.0857-1.0824. The market will be   judged by whether to break through the upper and lower support and   resistance.Note: The above strategy was updated at 15:00 on November 22. This policy is a daytime   policy. Please pay attention to the policy release time.

GBPUSD·
Resistance	1.2549 – 1.2589 – 1.2629
Support	1.2494 - 1.2459 – 1.2404
The above figure shows the 30 minute chart of GBPUSD.   The chart shows that the recent upward resistance of GBPUSD is around 1.2549-1.2589-1.2629,   and the downward support is around 1.2494-1.2459-1.2404. The market will be   judged by whether to break through the upper and lower support and   resistance.Note: The above strategy was updated at 15:00 on November 22. This policy is a daytime   policy. Please pay attention to the policy release time.