EUR/USD
Trend Theme：EUR/USD holds below 1.0750 ahead of ECB rate decision, US PPI data.
Trend Review：The EUR/USD pair remains on the defensive near 1.0740 during the early Asian session on Thursday. An unexpected rise in US CPI inflation data in March propelled the US Dollar to yearly highs and weighed on the major pair.
Today Advise：Bearish
Key Levels：
| PP | Resistance* | 1.0830 * | 1.0917 ** | 1.0967 *** |
| 1.0779 | Support* | 1.0692 * | 1.0642 ** | 1.0554 *** |
Weekly forecast：
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USD/JPY
Trend Theme：USD/JPY retraces below 153.00 on Japanese verbal intervention.
Trend Review：USD/JPY is trading below 153.00 after retreating from the highest level since July 1990 in Thursday’s Asian session. The Japanese Yen finds some comfort from the latest verbal intervention from Japan’s official after the pair rallied hard on hotter US CPI data released Wednesday.
Today Advise：Bullish
Key Levels：
| PP | Resistance* | 151.95 * | 152.13 ** | 152.31 *** |
| 151.76 | Support* | 151.58 * | 151.40 ** | 151.22 *** |
Weekly forecast：
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WTI
Trend Theme：Israel’s air strikes clouded ceasefire negotiations, oil prices closed more than 1% higher, and we still need to be wary of two major negative developments.
Trend Review：Oil prices closed up more than 1% on Wednesday after three sons of a Hamas leader were killed in an Israeli airstrike in the Gaza Strip, fueling concerns that ceasefire talks could stall, although stronger-than-expected U.S. CPI helped The US dollar has surged, and EIA crude oil inventories have increased significantly. We still need to be alert to the risk of a correction in oil prices.
Today Advise：Bearish
Key Levels：
| PP | Resistance* | 86.30 * | 86.92 ** | 88.06 *** |
| 85.16 | Support* | 84.54 * | 83.39 ** | 82.77 *** |
Weekly forecast：
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XAU/USD
Trend Theme：Gold prices finds fresh buyers near $2,330 as USD retreats with yields.
Trend Review：Gold price is attempting a bounce toward $2,350, having found some demand near $2,330 early Thursday. Gold price finds its feet amid a pullback in the US Dollar alongside the US Treasury bond yields, as markets reposition ahead of the US PPI inflation and the ECB rate decision.
Today Advise：Bearish
Key Levels：
| PP | Resistance* | 2356.51 * | 2378.76 ** | 2397.29 *** |
| 2337.98 | Support* | 2315.73 * | 2297.20 ** | 2274.95 *** |
Weekly forecast：
