EUR/USD

Trend Theme:EUR/USD slightly pares gains after failing to capture 1.0900.
Trend Review:The EUR/USD is testing the 1.0850 neighborhood after Wednesday’s action fell to the bearish side. The Euro couldn’t hold onto Tuesday’s rally, falls just short of 1.0900. Investors will be turning to US labor data on Thursday, EU inflation on Friday.
Today Advise:Bullish
Key Levels:
| PP | Resistance* | 1.0876 * | 1.0908 ** | 1.0930 *** |
| 1.0854 | Support* | 1.0821 * | 1.0799 ** | 1.0767 *** |
Weekly forecast:

————————————————————————————————-
USD/CAD

Trend Theme:USD/CAD discovers interim support near 1.3660 on slight decline in US Retail Sales.
Trend Review:USD/CAD finds support near 1.3660 on slower-than-anticipated decline in US Retail Sales data. Lower demand for automobiles weighs on overall consumer spending. Oil prices face pressure near $80.00 amid easing Middle East tensions.
Today Advise:Bullish
Key Levels:
| PP | Resistance* | 1.3710 * | 1.3738 ** | 1.3766 *** |
| 1.3682 | Support* | 1.3655 * | 1.3627 ** | 1.3599 *** |
Weekly forecast:

—————————————————————————————————
WTI

Trend Theme:Oil prices tumbled more than 2% on surging U.S. crude inventories and sluggish global demand.
Trend Review:Oil prices fell more than 2 per cent on Wednesday as a larger-than-expected rise in US crude inventories, record output from the world’s largest oil producer and growing concerns about Asian demand weighed on crude prices.
Today Advise:Bearish
Key Levels:
| PP | Resistance* | 78.08 * | 79.50 ** | 80.32 *** |
| 77.27 | Support* | 75.85 * | 75.03 ** | 73.61 *** |
Weekly forecast:

—————————————————————————————————
XAU/USD

Trend Theme:Gold consolidates its losses around $1,960 on higher US bond yields.
Trend Review:Gold consolidates its recent losses during the early Asian session on Thursday. The precious metal faces a rejection of $1,975 and trades around $1,960. The rebound of the US dollar and the higher US Treasury bond yields exert some selling pressure on the XAU/USD price.
Today Advise:Bullish
Key Levels:
| PP | Resistance* | 1971.49 * | 1983.46 ** | 1991.45 *** |
| 1963.50 | Support* | 1951.53 * | 1943.54 ** | 1931.57 *** |
Weekly forecast:

