EUR/USD

Trend Theme:EUR/USD holds positive ground above 1.0850 ahead of ECB rate decision.
Trend Review:The EUR/USD pair gains ground around 1.0875 despite the recovery of the US Dollar during the Asian session on Thursday. The European Central Bank interest rate decision and Press Conference by President Christine Lagarde will take centre stage later on Thursday.
Today Advise:Bullish
Key Levels:
| PP | Resistance* | 1.08915 * | 1.08942 ** | 1.09018 *** |
| 1.08866 | Support* | 1.08839 * | 1.0879 ** | 1.08714 *** |
Weekly forecast:

————————————————————————————————-
AUD/USD

Trend Theme:AUD/USD extends gains after higher Trade Balance.
Trend Review:The Australian Dollar retraced its recent losses on Thursday. The AUD/USD pair strengthened after the Trade Balance release in Australia, which widened to 6,548 million month-over-month in May, exceeding the expected 5,500 million and April’s balance of 5,024 million.
Today Advise:Bearish
Key Levels:
| PP | Resistance* | 0.66844 * | 0.66905 ** | 0.67062 *** |
| 0.66748 | Support* | 0.66687 * | 0.66591 ** | 0.66434 *** |
Weekly forecast:

—————————————————————————————————
WTI

Trend Theme:Oil prices rose more than 1% as optimism about the Fed’s rate cut offset demand concerns.
Trend Review:Oil prices rebounded from a four-month low and rose more than 1% on Wednesday after data showed a build in U.S. crude and fuel inventories, as hopes for a September interest rate cut by the Federal Reserve outweighed concerns about demand.
Today Advise:Sideways
Key Levels:
| PP | Resistance* | 74.372 * | 74.462 ** | 74.617 *** |
| 74.307 | Support* | 74.217 * | 74.152 ** | 73.997 *** |
Weekly forecast:

—————————————————————————————————
XAU/USD

Trend Theme:Gold price jumps to two-week high amid firming Fed rate cut bets, weaker USD.
Trend Review:Gold price advances to a two-week top amid the emergence of fresh USD selling. Rising Fed rate cut bets keep the US bond yields depressed and weigh on the buck. Traders look to the US jobless claims for some impetus ahead of the NFP on Friday.
Today Advise:Bullish
Key Levels:
| PP | Resistance* | 2368.25 * | 2371.88 ** | 2381.88 *** |
| 2361.88 | Support* | 2358.25 * | 2351.88 ** | 2341.88 *** |
Weekly forecast:

