EUR/USD
Trend Theme：EUR/USD holds below 1.0900 as US political violence boosts US Dollar.
Trend Review：EUR/USD attracts some sellers around 1.0885 during the early Asian session on Monday. The major pair edges lower amid risk aversion, triggering a fresh bid of the US Dollar. The Eurozone May Industrial Production, July NY Empire State Manufacturing Index will be released on Monday, along with the Fed’s Mary Daly speech.
Today Advise：Bullish
Key Levels：
| PP | Resistance* | 1.08894 * | 1.08911 ** | 1.08947 *** |
| 1.08875 | Support* | 1.08858 * | 1.08839 ** | 1.08803 *** |
Weekly forecast：
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GBP/USD
Trend Theme：GBP/USD corrects from one-year peak amid modest USD strength, downside seems cushioned.
Trend Review：The GBP/USD pair attracts some selling during the Asian session on Monday and for now, seems to have snapped a three-day winning streak to the 1.3000 neighborhood, or its highest level since July 2023.
Today Advise：Bullish
Key Levels：
| PP | Resistance* | 1.2967 * | 1.29698 ** | 1.29748 *** |
| 1.29648 | Support* | 1.2962 * | 1.29598 ** | 1.29548 *** |
Weekly forecast：
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WTI
Trend Theme：Oil prices end four weeks of rising streak, Fed rate cut expectations come true? The crude oil market may start to reverse this week!
Trend Review：The crude oil market experienced turbulence last week, with both WTI and Brent crude oil futures prices falling, ending four consecutive weeks of gains. This week, investors will focus on a series of important financial data and events to gain insight into economic trends and policy prospects.
Today Advise：Sideways
Key Levels：
| PP | Resistance* | 81.365 * | 81.455 ** | 81.595 *** |
| 81.315 | Support* | 81.225 * | 81.175 ** | 81.035 *** |
Weekly forecast：
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XAU/USD
Trend Theme：Gold price remains depressed amid modest USD strength, holds above $2,400 mark.
Trend Review：Gold price struggles to capitalize on Friday’s goodish rebound from the $2,391 area and kicks off the new week on a weaker note. This marks the second straight day of a downtick and is sponsored by a modest US Dollar strength, which tends to undermine demand for the USD-denominated commodity.
Today Advise：Bullish
Key Levels：
| PP | Resistance* | 2410.61 * | 2412.14 ** | 2414.97 *** |
| 2409.31 | Support* | 2407.78 * | 2406.48 ** | 2403.65 *** |
Weekly forecast：
