EUR/USD
Trend Theme：EUR/USD caught in chart churn ahead of Wednesday’s HCOB PMIs, US ADP jobs figure.
Trend Review：EUR/USD spent Tuesday in a churning pattern, cycling just below 1.075 as the pair grapples with finding momentum. Key labor data from the US looms ahead on Friday, and EU economic figures remain scattered throughout the back half of the trading week.
Today Advise：Bearish
Key Levels：
| PP | Resistance* | 1.07466 * | 1.07486 ** | 1.07516 *** |
| 1.07456 | Support* | 1.07436 * | 1.07426 ** | 1.07396 *** |
Weekly forecast：
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USD/JPY
Trend Theme：USD/JPY extends gains above 161.50 ahead of US data, Fed Minutes.
Trend Review：USD/JPY trades on a stronger note above 161.50 after reaching a new high for this move near 161.75 during the early Asian trading hours on Wednesday. Market players remain focused on the possible Japanese FX intervention, which could cap the pair’s upside. US data and Fed Minutes awaited.
Today Advise：Bullish
Key Levels：
| PP | Resistance* | 161.597 * | 161.624 ** | 161.691 *** |
| 161.557 | Support* | 161.53 * | 161.49 ** | 161.423 *** |
Weekly forecast：
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WTI
Trend Theme：Oil prices retreated from a near two-month high as concerns about Hurricane Beryl eased and gasoline inventories unexpectedly built.
Trend Review：Brent crude oil futures and U.S. crude oil futures rose and fell on Tuesday, retracing their gains and closing slightly lower after hitting a more than two-month high. Concerns about supply disruptions caused by Hurricane Beryl gradually eased. Although API inventories fell sharply, API gasoline inventories unexpectedly increased as demand peaked.
Today Advise：Bullish
Key Levels：
| PP | Resistance* | 82.78 * | 82.834 ** | 82.916 *** |
| 82.752 | Support* | 82.698 * | 82.67 ** | 82.588 *** |
Weekly forecast：
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XAU/USD
Trend Theme：Gold price remains confined in a range below 50-day SMA, FOMC minutes in focus.
Trend Review：Gold price continues with its struggle to gain any meaningful traction on Wednesday. Traders seem reluctant and prefer to wait for more cues about the Fed’s rate-cut path. Investors look to FOMC minutes for some impetus ahead of the NFP report on Friday.
Today Advise：Bullish
Key Levels：
| PP | Resistance* | 2330.34 * | 2332.16 ** | 2335.11 *** |
| 2329.21 | Support* | 2327.39 * | 2326.26 ** | 2323.31 *** |
Weekly forecast：
