EUR/USD
Trend Theme：EUR/USD gathers strength near 1.1000 ahead of the Eurozone US PMI data.
Trend Review：The EUR/USD pair gains momentum near the 1.1000 mark during the early Asian session on Friday. As widely expected, the ECB held the rate unchanged on Thursday. In response to the ECB’s decision, the Euro attracted some buyers and lifted the EUR/USD pair. The pair trades around 1.0993, up 0.01% on the day.
Today Advise：Bullish
Key Levels：
| PP | Resistance* | 1.1044 * | 1.1095 ** | 1.1181 *** |
| 1.0958 | Support* | 1.0907 * | 1.0821 ** | 1.0770 *** |
Weekly forecast：
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USD/JPY
Trend Theme：USD/JPY: Japanese Yen continues losing traction against USD, bullish potential seems intact.
Trend Review：The Japanese Yen undermines the prevalent risk-on environment and a modest USD recovery. Thursday’s upbeat US macro data cast doubts over a March Fed rate cut and benefits the buck. The Fed’s dovish pivot and hawkish BoJ expectations cap any meaningful gains for USD/JPY.
Today Advise：Bearish
Key Levels：
| PP | Resistance* | 142.97 * | 144.13 ** | 145.14 *** |
| 141.96 | Support* | 140.79 * | 139.78 ** | 138.62 *** |
Weekly forecast：
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WTI
Trend Theme：Oil prices rebounded nearly 3 percent to a one-week high as the dollar fell and the IEA raised energy demand.
Trend Review：A weaker dollar, coupled with rising sentiment on the rising likelihood of a Fed rate cut and an upward revision of the International Energy Agency’s oil demand forecast for next year, are helping to support crude prices. During Wednesday’s trading session, the market fell to its lowest point in nearly six months before turning around. Oil prices extended gains from the previous session on Thursday, rising 3%.
Today Advise：Bullish
Key Levels：
| PP | Resistance* | 73.25 * | 74.44 ** | 76.15 *** |
| 71.54 | Support* | 70.35 * | 68.64 ** | 67.45 *** |
Weekly forecast：
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XAU/USD
Trend Theme：Gold gains momentum below $2,040, eyes on the Chinese data.
Trend Review：Gold extends the rally during the early Asian trading hours on Friday. The softer US Dollar and lower US Treasury bond yield boost the yellow metal. The XAU/USD price trades around $2,035, gaining 0.02% on the day.
Today Advise：Bullish
Key Levels：
| PP | Resistance* | 2049.03 * | 2061.63 ** | 2075.32 *** |
| 2035.34 | Support* | 2022.74 * | 2009.05 ** | 1996.45 *** |
Weekly forecast：
