​ MHMarkets：The Fed announced its interest rate decision tonight, and the market is waiting for its guidance.

On Wednesday (January 31), Sherrod Brown, Chairman of the Senate Banking Committee and Senior Senator from Ohio, urged the Fed to cut interest rates early this year in a letter to Fed Chairman Powell. Brown believes that high interest rates harm small businesses and make it difficult for many Americans to buy homes, and restrictive monetary policy is no longer the right tool to combat inflation. The US dollar index saw a significant consolidation yesterday, awaiting the latest Fed interest rate data. At the opening of the Asian market today, the US dollar index rose, with the current price around 103.61. Gold rose sharply during the trading session yesterday, but was suppressed by bearish forces after breaking through the resistance level formed earlier. The market turned downward and ultimately closed near the intraday low. At the opening of the Asian market today, gold continued to decline, with the current price around 2035.32. The market price of US crude oil rose yesterday after receiving support at the bottom, and ultimately closed near the intraday high. At the opening of the Asian market opened today, US crude oil fell slightly, with the current price around 77.45. ECB President Lagarde stated that the ECB has only one mission, which is to achieve a 2% inflation rate; We will achieve the 2% target in a timely manner; Every member of the management committee agrees that the next step is to lower interest rates; Inflation is not yet in place; ECB needs more data, and wage data is crucial. After receiving support at the bottom yesterday, the market price of EURUSD surged and broke through the previously formed resistance level, ultimately closing near the intraday high. At the opening of the Asian market today, EURUSD continued to decline, with the current price around 1.0821. The summary of opinions from the members of the BO's January monetary policy meeting review committee shows that committee members continued to discuss the prospects of ending negative interest rate policies at last week's meeting, and some members expressed that the conditions for allowing this measure to be taken are increasing. A member stated that the current economic situation provides a “golden opportunity” for Japan to raise interest rates for the first time since 2007, thus ending the world's last negative interest rate policy. Another member stated that the certainty of achieving a virtuous cycle of wage growth and demand driven inflation is increasing. At the opening of the Asian market, USDJPY fell first and then rose, with the current price around 147.78.

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 31, Beijing time.