EUR/USD

Trend Theme:EUR/USD flirts with weekly low, manages to hold above mid-1.0600s ahead of ECB’s Lagarde.
Trend Review:The EUR/USD remains depressed and is currently placed near the lower end of its weekly range, just above mid-1.0600s. The US Dollar stands tall near a one-week high touched on Thursday in reaction to hawkish remarks by several FOMC members, and turns out to be a key factor weighing on the EUR/USD pair.
Today Advise:Bearish
Key Levels:
| PP | Resistance* | 1.0706 * | 1.0749 ** | 1.0772 *** |
| 1.0683 | Support* | 1.0641 * | 1.0618 ** | 1.0576 *** |
Weekly forecast:

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USD/JPY

Trend Theme:USD/JPY extends its upside above 151.30 ahead of US UoM data.
Trend Review:The USD/JPY pair holds above the 151.00 mark during the early Asian session on Friday. The higher US dollar and US Treasury bond yields lend some support to the pair. However, the further gains might trigger some intervention from the Japanese authorities.
Today Advise:Bullish
Key Levels:
| PP | Resistance* | 151.59 * | 151.80 ** | 152.20 *** |
| 151.18 | Support* | 150.97 * | 150.56 ** | 150.35 *** |
Weekly forecast:

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WTI

Trend Theme:Oil’s rally is stymied as Powell hints at future rate hikes.
Trend Review:Yesterday’s comments by Federal Reserve Chairman Jerome Powell that hinted at possible future interest rate hikes shook hopes for strong demand in the stock and oil markets. The Brent crude benchmark closed above $80 a barrel on Thursday, nearly $20 a barrel below its September peak. WTI rose as high as $77.00 before falling back to near $75.00.
Today Advise:Bearish
Key Levels:
| PP | Resistance* | 76.73 * | 77.87 ** | 78.63 *** |
| 75.97 | Support* | 74.82 * | 74.06 ** | 72.92 *** |
Weekly forecast:

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XAU/USD

Trend Theme:Gold holds positive ground above $1,950, eyes on US UoM data.
Trend Review:Gold snaps the three-day losing streak during the early Asian session on Friday. The rise of geopolitical tension in the Middle East lifts safe-haven assets like gold, despite the higher US Treasury bond yields. The XAU/USD price trades around $1,958, gaining 0.03% on the day.
Today Advise:Neture
Key Levels:
| PP | Resistance* | 1967.10 * | 1976.81 ** | 1987.96 *** |
| 1955.95 | Support* | 1946.24 * | 1935.09 ** | 1925.38 *** |
Weekly forecast:

