EUR/USD

Trend Theme:EUR/USD treads water near 1.0860 as markets gear up for another week of Fed-watching.
Trend Review:EUR/USD found little momentum on Monday, cycling near 1.0860 after US markets were dark for the holiday long weekend. Tuesday will kick off the Fiber’s trading week in earnest after German sentiment surveys hobbled the Euro on Monday.
Today Advise:Bearish
Key Levels:
| PP | Resistance* | 1.08709 * | 1.08733 ** | 1.08792 *** |
| 1.08674 | Support* | 1.0865 * | 1.08615 ** | 1.08556 *** |
Weekly forecast:

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USD/JPY

Trend Theme:USD/JPY falls from 157.00 as US Dollar meets fresh supply.
Trend Review:USD/JPY is reversing from near 157.00 in Asian trading on Tuesday, undermined by a renewed US Dollar selling wave, as risk sentiment receives a fresh boost on China optimism. Investors await Fedspeak and key data to determine the pace of rate cuts from central banks moving forward.
Today Advise:Bearish
Key Levels:
| PP | Resistance* | 156.902 * | 156.967 ** | 157.074 *** |
| 156.86 | Support* | 156.795 * | 156.753 ** | 156.646 *** |
Weekly forecast:

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WTI

Trend Theme:Goldman Sachs raised its demand forecast, oil prices rose about 1%, initially breaking through the downward channel.
Trend Review:Goldman Sachs on Monday raised its forecast for global oil demand in 2030, predicting that oil consumption will peak in 2034 due to the likely slowdown in electric vehicle penetration, which will lead to above-average refinery capacity through 2020. On the daily chart, U.S. crude oil initially broke through the downward channel since 87.61.
Today Advise:Bullish
Key Levels:
| PP | Resistance* | 78.673 * | 78.728 ** | 78.85 *** |
| 78.606 | Support* | 78.551 * | 78.484 ** | 78.362 *** |
Weekly forecast:

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XAU/USD

Trend Theme:Gold price trades with mild gains, investors await US key data.
Trend Review:Gold price edges higher on Tuesday after bouncing off two-week lows of $2,325. The uptick of yellow metal is bolstered by the softer US Dollar and safe-haven flows amid the ongoing geopolitical tensions in the Middle East.
Today Advise:Bullish
Key Levels:
| PP | Resistance* | 2352.89 * | 2355.19 ** | 2359.42 *** |
| 2350.96 | Support* | 2348.66 * | 2346.73 ** | 2342.5 *** |
Weekly forecast:

