EUR/USD
Trend Theme：EUR/USD rises toward 1.1050 due to dovish Fedspeak.
Trend Review：EUR/USD extends its gains for the second successive session, trading around 1.1030 during the Asian hours on Monday. The upside of the pair could be attributed to the rising odds of an interest rate cut by the US Federal Reserve starting in September.
Today Advise：Bullish
Key Levels：
| PP | Resistance* | 1.10296 * | 1.10312 ** | 1.10339 *** |
| 1.10285 | Support* | 1.10269 * | 1.10258 ** | 1.10231 *** |
Weekly forecast：
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USD/JPY
Trend Theme：USD/JPY corrects further toward 147.00, as USD sees fresh selling.
Trend Review：USD/JPY struggles to capitalize on its early Asian session uptick to 148.00, extending declines toward 147.00. The pair is undermined by a renewed US Dollar selling and a mixed market mood, as investors await the Fed Minutes and Powell’s speech for fresh directional impetus.
Today Advise：Bearish
Key Levels：
| PP | Resistance* | 147.879 * | 147.982 ** | 148.195 *** |
| 147.769 | Support* | 147.666 * | 147.556 ** | 147.343 *** |
Weekly forecast：
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WTI
Trend Theme：Demand concerns dragged oil prices to a more than one-week low, with Powell’s speech and Jackson Hole conference becoming the focus of this week.
Trend Review：International oil prices weakened in early Asian trading on Monday, hovering near a more than one-week low, as concerns about weaker demand from the world’s largest oil importer weighed on market confidence, while investors were paying attention to progress in ceasefire talks in the Middle East, which could reduce supply risks.
Today Advise：Bearish
Key Levels：
| PP | Resistance* | 75.631 * | 75.688 ** | 75.818 *** |
| 75.558 | Support* | 75.501 * | 75.428 ** | 75.298 *** |
Weekly forecast：
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XAU/USD
Trend Theme：Gold reverses below $2,500 amid profit-taking, as a key week kicks in.
Trend Review：Gold price is trading below $2,500 in the Asian session on Monday, retreating from fresh record highs of $2,510. Markets resort to profit-taking, gearing up for US S&P Global PMIs, Fed Minutes and Fed Chair Powell’s speech this week for fresh policy cues. Mid-East concerns could cap Gold’s downside.
Today Advise：Bullish
Key Levels：
| PP | Resistance* | 2501.03 * | 2502.49 ** | 2506.41 *** |
| 2498.57 | Support* | 2497.11 * | 2494.65 ** | 2490.73 *** |
Weekly forecast：
