MHMarkets：The Fed will release its latest interest rate resolution at 02:00 on Thursday morning, and the market is currently widely expecting the Fed to maintain interest rates unchanged.

On Wednesday (November 1), during the end of the Asian market, data released by the US Bureau of Labor Statistics on Tuesday showed that the labor cost index, a broad measure of wages and benefits, increased by 1.1% between July and September, higher than the 1% increase in the second quarter and also higher than economists' forecast of a 1% increase. This data has accelerated beyond expectations, exacerbating concerns that a strong labor market may lead to sustained inflation rates above the Fed's target. The Fed will release its latest interest rate resolution at 02:00 on Thursday morning. Currently, the market generally expects the Fed to maintain interest rates unchanged, and hopes to receive hints of raising interest rates from the interest rate resolution and the interest rate guidelines released by Fed Chairman Powell at a press conference after the meeting. The US dollar index remained volatile during the Asian market, waiting for the latest interest rate announcement, with the current quote of 106.75. After the price of gold broke through the $2000 mark, it was driven by bullish guidance and fell below $2000. Gold continued to break through new lows in today's Asian market, with a current price of 1980.45. After being suppressed in the European market yesterday, US crude oil accelerated its decline and received support near 80.50 below. Currently, traders' focus on crude oil is not limited to the conflict between Pakistan and Iran, but will also consider the impact of tonight's Fed interest rate resolution on crude oil. During the Asian market today, crude oil remained slightly volatile, with the current quotation of 80.87. EURUSD rose and then fell yesterday. After being suppressed near the upper pressure level of 1.0674, it began a significant decline and closed near the intraday low. During today's Asian market, EURUSD remained volatile, and the market was waiting for the latest interest rate decision announced by the Federal Reserve in the early morning. The current price of EURUSD is 1.0569. During today's Asian market, the Director of Foreign Exchange Affairs and Deputy Minister of Finance of the Ministry of Finance of Japan, Shinzo Kanda, stated that any options should be taken to address excessive forex fluctuations. The biggest factor behind recent exchange rate fluctuations is speculative activity. Recently, the price of USDJPY has been playing a game around 150. Yesterday, USDJPY made a strong second attempt to break above 150. Today, during the Asian market, USDJPY remained volatile, with a current quotation of 151.25.

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 1, Beijing time.

· Gold XAUUSD·
Resistance	1986.97 – 2006.81 – 2014.78
Support	1975.09 – 1971.59 – 1962.94
The above figure shows the 30 minute chart of   gold. The chart shows that the recent upward resistance of gold has been   around 1986.97-2006.81-2014.78, and the downward support has been around 1975.09-1971.59-1962.94.   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 1. This policy is a daytime   policy. Please pay attention to the policy release time.

· Crude Oil USOUSD·
Resistance	82.62 – 84.44 – 85.53
Support	80.61 – 79.13 – 77.51
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 82.62-84.44-85.53, and the downward support is around 80.61-79.13-77.51.   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 1. This policy is a daytime   policy. Please pay attention to the policy release time.

· EURUSD·
Resistance	1.0589 - 1.0614 – 1.0668
Support	1.0546 - 1.0534 – 1.0523
The above figure shows the 30 minute chart of EURUSD.   The chart shows that the recent upward resistance of EURUSD is around 1.0589-1.0614-1.0668,   and the downward support is around 1.0546-1.0534-1.0523. 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 1. This policy is a daytime   policy. Please pay attention to the policy release time.

· GBPUSD·
Resistance	1.2174 – 1.2200 – 1.2232
Support	1.2119 - 1.2089 – 1.2072
The above figure shows the 30 minute chart of GBPUSD.   The chart shows that the recent upward resistance of GBPUSD is around 1.2174-1.2200-1.2232,   and the downward support is around 1.2119-1.2089-1.2072. 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 1. This policy is a daytime   policy. Please pay attention to the policy release time.