EUR/USD

Trend Theme:EUR/USD remains on the defensive below 1.1050, all eyes on US NFP data
Trend Review:
EUR/USD struggles to gain ground around 1.1035 in Friday’s early Asian session. The US Services PMI came in better than expected in September. The cautious mood and rising bets of another ECB rate cut weigh on the Euro.
Today Advise:Sideways
Key Levels:
| PP | Resistance* | 1.1052* | 1.1072** | 1.1094*** |
| 1.1030 | Support* | 1.1011* | 1.0989** | 1.0970*** |
Weekly forecast:

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USD/JPY

Trend Theme:USD/JPY consolidates below 147.00, awaits US NFP report before the next leg up
Trend Review:
USD/JPY enters a bullish consolidation phase near its highest level since August 19.Bulls seem reluctant to place fresh bets ahead of the release of the US NFP report. BoJ rate hike uncertainty and reduced bets for a 50 bps Fed rate cut lend support.
Today Advise:Bearish
Key Levels:
| PP | Resistance* | 147.35* | 147.77** | 148.31*** |
| 146.82 | Support* | 146.40* | 145.86** | 145.44*** |
Weekly forecast:

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WTI

Trend Theme:Crude Oil breaks $71.50 on the upside after Kazakhstan announces output cut
Trend Review:
Crude Oil trade over 1% higher on Thursday as traders look at the escalating conflict between Israel and Iran.Traders sent Oil prices higher after Iran sent ballistic missiles into Israel as retaliation for the Lebanon ground incursion. The US Dollar Index is heading into its fourth day of consecutive gains.
Today Advise:Sideways
Key Levels:
| PP | Resistance* | 74.67* | 75.95** | 78.14*** |
| 72.48 | Support* | 71.19* | 69.01** | 67.72*** |
Weekly forecast:

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XAU/USD

Trend Theme:Gold rises on geopolitical fears as traders eye Israel’s move
Trend Review:
Gold rises from $2,638 to $2,659, fueled by escalating tension between Israel and Iran and increasing US Treasury yields.US labor market data softens; however, ISM Services PMI reflects better business activity in September.US Dollar Index (DXY) up 0.35%, 10-year Treasury yields climb to 3.84%, tempering market expectations for big November rate cut.
Today Advise:Sideways
Key Levels:
| PP | Resistance* | 2666.74* | 2677.29** | 2691.63*** |
| 2652.40 | Support* | 2641.85* | 2627.51** | 2616.96*** |
Weekly forecast:

