EUR/USD
Trend Theme：EUR/USD fell back into 1.0800 on Thursday after US PCE inflation fails to bolster rate cut hopes.
Trend Review：EUR/USD drifted back into the 1.0800 handle once again on Thursday after weak-kneed German Retail Sales and CPI inflation came in mixed but missed the mark overall.
Today Advise：Bullish
Key Levels：
| PP | Resistance* | 1.0844 * | 1.0880 ** | 1.0905 *** |
| 1.0820 | Support* | 1.0784 * | 1.0760 ** | 1.0724 *** |
Weekly forecast：
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USD/JPY
Trend Theme：USD/JPY rebounds further toward 150.50.
Trend Review：USD/JPY is extending its recovery toward 150.50 in the Asian session on Friday. The pair is rebounding alongside the US Treasury bond yields, as traders digest BoJ Governor Ueda’s speech. However, a softer US Dollar could limit the USD/JPY’s recovery. US data awaited.
Today Advise：Bullish
Key Levels：
| PP | Resistance* | 150.68 * | 151.45 ** | 152.18 *** |
| 149.95 | Support* | 149.18 * | 148.44 ** | 147.68 *** |
Weekly forecast：
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WTI
Trend Theme：U.S. inflation data suggested a softer economy and OPEC production increased, and oil prices surged again.
Trend Review：U.S. inflation data on February 29 suggested weakness in the world’s largest economy, which could dent crude demand, while rising OPEC output also weighed on oil prices, which surged again on the last trading day of February.
Today Advise：Bearish
Key Levels：
| PP | Resistance* | 78.54 * | 79.31 ** | 79.79 *** |
| 78.07 | Support* | 77.30 * | 76.82 ** | 76.06 *** |
Weekly forecast：
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XAU/USD
Trend Theme：Gold consolidates near monthly high of $2,051, US ISM PMI eyed.
Trend Review：Gold price is consolidating the rally to monthly highs of $2,051 in Friday’s Asian trading. Gold price rose more than 0.50% in Thursday’s North American session after the release of the US Core Personal Consumption Expenditure (PCE) Price Index, which was aligned with estimates.
Today Advise：Bullish
Key Levels：
| PP | Resistance* | 2053.85 * | 2063.62 ** | 2076.47 *** |
| 2041.00 | Support* | 2031.23 * | 2018.38 ** | 2008.61 *** |
Weekly forecast：
