EUR/USD
Trend Theme：EUR/USD gains ground as market sentiment leans back into rate cut expectations.
Trend Review：EUR/USD found some room on the high side on Wednesday, getting pushed up the charts by broad-market Greenback selling. Market sentiment has firmly recovered and leaned into renewed rate cut expectations after Federal Reserve Chairman Jerome Powell gave his own version of a dovish appearance while giving two-day testimony to US Congressional committees.
Today Advise：Bullish
Key Levels：
| PP | Resistance* | 1.08352 * | 1.08368 ** | 1.08398 *** |
| 1.08338 | Support* | 1.08322 * | 1.08308 ** | 1.08278 *** |
Weekly forecast：
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USD/JPY
Trend Theme：USD/JPY weakens below 162.00 as traders await US CPI data.
Trend Review：The USD/JPY pair trades on a softer note around 161.55, snapping the three-day winning streak on Thursday during the early Asian session. The pair edges lower amid the decline of the US Dollar broadly. Investors will take more cues from the US CPI data for June, which is due on Thursday.
Today Advise：Bullish
Key Levels：
| PP | Resistance* | 161.6 * | 161.628 ** | 161.694 *** |
| 161.562 | Support* | 161.534 * | 161.496 ** | 161.43 *** |
Weekly forecast：
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WTI
Trend Theme：Oil prices rebound from near two-week low on falling U.S. oil inventories and brightening demand outlook.
Trend Review：Oil prices rebounded on Wednesday after hitting a near two-week low after a jump in U.S. refining activity last week pushed gasoline and crude oil inventories down more than expected, but gains were limited by minimal supply disruptions caused by Hurricane Beryl. This trading day focuses on changes in the U.S. June CPI and the number of initial jobless claims in the U.S., and pays attention to speeches by Federal Reserve officials and news related to geopolitical situations.
Today Advise：Bullish
Key Levels：
| PP | Resistance* | 81.802 * | 81.866 ** | 81.973 *** |
| 81.759 | Support* | 81.695 * | 81.652 ** | 81.545 *** |
Weekly forecast：
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XAU/USD
Trend Theme：Gold price flat lines as traders keenly await crucial US CPI report.
Trend Review：Gold price oscillates in a narrow trading band during the Asian session on Thursday as traders opt to move to the sidelines ahead of the US consumer inflation figures. The crucial data will be looked for more cues about the likely timing when the Federal Reserve will start cutting interest rates.
Today Advise：Bullish
Key Levels：
| PP | Resistance* | 2375.01 * | 2376.26 ** | 2378.43 *** |
| 2374.09 | Support* | 2372.84 * | 2371.92 ** | 2369.75 *** |
Weekly forecast：
