EUR/USD

Trend Theme:EUR/USD confortable above 1.0800, buyers hesitate.
Trend Review:The EUR/USD pair maintained its positive momentum and settled near a fresh three-week high as market players dumped the Greenback on mounting speculation the Federal Reserve will delay rate cuts until June.
Today Advise:Bearish
Key Levels:
| PP | Resistance* | 1.0792 * | 1.0804 ** | 1.0819 *** |
| 1.0777 | Support* | 1.0765 * | 1.0750 ** | 1.0737 *** |
Weekly forecast:

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USD/JPY

Trend Theme:USD/JPY drops below 150.00 as US yields weigh on US Dollar.
Trend Review:The USD/JPY is almost flat as Wednesday’s Asian session begins after posting minuscule losses of 0.09% on Tuesday, at the time of writing trades at 149.96. The drop in US Treasury bond yields and a subdued US Dollar were the two reasons that favored the Japanese Yen.
Today Advise:Bearish
Key Levels:
| PP | Resistance* | 150.32 * | 150.50 ** | 150.72 *** |
| 150.10 | Support* | 149.92 * | 149.70 ** | 149.52 *** |
Weekly forecast:

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WTI

Trend Theme:Oil prices fell more than 1 per cent as demand concerns overshadowed geopolitical tensions.
Trend Review:Oil prices settled more than 1 percent lower on Tuesday, with support from the Israel-Hamas conflict offset by concerns about global demand. Due to the President’s Day holiday in the United States on Monday, the API crude oil inventory series data, originally scheduled for the early morning of each Wednesday, will be released this week in the early morning of Thursday, and the EIA data, which will be released every Wednesday evening, will be released this week at midnight on Friday.
Today Advise:Bearish
Key Levels:
| PP | Resistance* | 77.53 * | 78.40 ** | 79.12 *** |
| 77.28 | Support* | 77.00 * | 76.33 ** | 76.00 *** |
Weekly forecast:

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XAU/USD

Trend Theme:Gold holds on to fresh gains near $2,030.
Trend Review:Spot Gold extends its upward route on Tuesday, posting gains for a fourth consecutive day. XAU/USD trades around $2,030, its highest in over a week. The US Dollar suffers from mounting speculation the Federal Reserve (Fed) will keep rates higher for longer, as officials have been anticipating.
Today Advise:Bullish
Key Levels:
| PP | Resistance* | 2024.16 * | 2028.29 ** | 2033.11 *** |
| 2023.38 | Support* | 2018.20 * | 2012.05 ** | 2000.19 *** |
Weekly forecast:

