EUR/USD
Trend Theme：EUR/USD pauses with ECB rate call around the corner.
Trend Review：EUR/USD rotated around 1.0900 on Tuesday as markets grappled with September rate cut hopes getting pinned even further into the high end after US Retail Sales figures eased in June. Markets have fully priced in the start of a Fed rate-cutting cycle in September.
Today Advise：Sideways
Key Levels：
| PP | Resistance* | 1.0899 * | 1.09001 ** | 1.09031 *** |
| 1.08971 | Support* | 1.0896 * | 1.08941 ** | 1.08911 *** |
Weekly forecast：
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USD/JPY
Trend Theme：USD/JPY pares gains to near 158.50 as markets turn cautious.
Trend Review：USD/JPY is off the highs, trading near 158.50 in Asian trades on Wednesday. The US Dollar bulls take a breather while the Japanese Yen picks up bid, as markets turn cautious. Fed Waller’s speech and US housing data are awaited.
Today Advise：Bullish
Key Levels：
| PP | Resistance* | 158.595 * | 158.707 ** | 158.904 *** |
| 158.51 | Support* | 158.398 * | 158.313 ** | 158.116 *** |
Weekly forecast：
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WTI
Trend Theme：Demand concerns loom over the oil market, with oil prices falling to a three-week low and possibly heading towards the 200-day moving average.
Trend Review：Oil prices closed down more than 1% on Tuesday, falling for the third consecutive day, closing at a nearly three-week low, as the market worried that the slowdown in the Asian giant economy would curb demand, but the growing consensus that the Federal Reserve may start to cut key interest rates as early as September curbed the decline in oil prices. Technical short-term bearish signals have strengthened, and US crude oil is inclined to further test the support near the 55-day moving average of 79.54 and the 200-day moving average of 78.76.
Today Advise：Bearish
Key Levels：
| PP | Resistance* | 79.801 * | 79.955 ** | 80.22 *** |
| 79.69 | Support* | 79.536 * | 79.425 ** | 79.16 *** |
Weekly forecast：
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XAU/USD
Trend Theme：Gold price flirts with record highs en-route $2,500.
Trend Review：Gold price is flirting with new record highs near $2,480 in the Asian trading hours on Wednesday. Expectations of a September Fed rate cut and robust Gold demand from India power Gold price amid a pause in the US Dollar upswing. Eyes on the $2,500 level, US data and Fedspeak.
Today Advise：Bullish
Key Levels：
| PP | Resistance* | 2478.86 * | 2481.74 ** | 2489.87 *** |
| 2473.61 | Support* | 2470.73 * | 2465.48 ** | 2457.35 *** |
Weekly forecast：
