EUR/USD
Trend Theme：EUR/USD extends its downside below 1.0630, focus on ECB’s Lagarde speech.
Trend Review：EUR/USD extends its downside near 1.0620, bouncing off the Year-To-Date low of 1.0600 during the early Asian session on Wednesday. However, the hawkish comments from the Fed officials and the safe-haven flows might boost the US Dollar and cap the upside of pair in the near term.
Today Advise：Bearish
Key Levels：
| PP | Resistance* | 1.0648 * | 1.0677 ** | 1.0700 *** |
| 1.0625 | Support* | 1.0595 * | 1.0572 ** | 1.0543 *** |
Weekly forecast：
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USD/JPY
Trend Theme：USD/JPY trades with mild losses below 155.00 on risk-aversion.
Trend Review：USD/JPY trades with mild losses near 154.65 on Wednesday during the early Asian trading hours. The robust US economy and sticky inflation data have triggered the expectation that the Fed might delay the easing cycle to September from June, which provides some support to the US Dollar.
Today Advise：Bullish
Key Levels：
| PP | Resistance* | 155.04 * | 155.36 ** | 155.93 *** |
| 154.47 | Support* | 154.15 * | 153.58 ** | 153.27 *** |
Weekly forecast：
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WTI
Trend Theme：Oil prices are under slight pressure as economic headwinds offset potential supply threats. Is this a peak?
Trend Review：Oil prices edged lower on Tuesday after economic headwinds weighed on investor sentiment, dampening gains from geopolitical tensions as markets focused on Israel’s response to Iran’s weekend attack on Israeli territory. Overall, the daily K-line has sent out some peaking signals. If the geopolitical situation does not deteriorate further, under the influence of multiple negative factors, short-term oil prices will face the risk of further correction, or even declare a short-term peak.
Today Advise：Bearish
Key Levels：
| PP | Resistance* | 85.55 * | 86.32 ** | 86.97 *** |
| 84.89 | Support* | 84.12 * | 83.47 ** | 82.70 *** |
Weekly forecast：
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XAU/USD
Trend Theme：Gold ascends but remains shy of testing $2,400 amid hawkish Fed remarks.
Trend Review：Gold prices edged higher late in North American session, gaining 0.22% following a hawkish tilt by Fed Chair Jerome Powell. Economic data from the United States was mixed, though Monday’s Retail Sales report and Powell’s remarks kept US Treasury yields higher, capping the yellow metal’s advance.
Today Advise：Bullish
Key Levels：
| PP | Resistance* | 2399.39 * | 2416.43 ** | 2434.58 *** |
| 2381.24 | Support* | 2364.20 * | 2346.05 ** | 2329.01 *** |
Weekly forecast：
