MHMarkets：US Treasury Secretary Yellen said on Thursday that inflation is now "well controlled".

On Friday (January 26), US Treasury Secretary Yellen said on Thursday that inflation is now “well controlled” after the historic surge triggered by the COVID-19. She believed that many Americans would agree with this. The GDP data report released earlier on Thursday showed that the US core PCE price index recorded an annualized quarterly rate of 2% for the fourth quarter, maintaining a level of 2% for the second consecutive quarter, in line with the Fed's goal. After the US dollar index gained support at the bottom yesterday, market price accelerated and broke through the previous support level, ultimately closing near the intraday high. At the opening of the Asian market today, the US dollar index continued to rise, with the current price around 103.60. Gold gained support after breaking through the previous low point yesterday, and then accelerated its price rise, ultimately closing near the intraday median. At the opening of the Asian market today, gold rose slightly, with the current price around 2021.95. Affected by many bullish factors on the supply side, US crude oil has recently surged. After receiving support at the bottom yesterday, US crude oil continued to rise and broke through multiple resistance levels, ultimately closing near the intraday high. At the opening of the Asian market today, US crude oil rebounded and fell, with the current price around 76.74. On Thursday, the European Central Bank decided to maintain interest rates unchanged and reiterated its intention to keep them high for a “sufficiently long period of time” to achieve inflation targets. This is the third consecutive meeting of the European Central Bank to maintain interest rates unchanged after raising deposit rates to 4% in September last year, in line with market expectations. After being suppressed by resistance above yesterday, EURUSD saw a significant acceleration in market prices, breaking below support levels and ultimately closing near the intraday low. At the opening of the Asian market today, EURUSD saw a slight correction, with the current price around 1.0833. Earlier today, the minutes of the Bank of Japan's December meeting showed that members agreed to patiently maintain loose policies. Many members expressed the need to confirm a positive wage inflation cycle in order to consider ending negative interest rates and YCC. When the Asian market opened today, USDJPY fell first and then rose, with the current price around 147.81.

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 January 26, Beijing time.