EUR/USD
Trend Theme：EUR/USD hangs near its lowest level since mid-August, seems vulnerable around 1.0975 area
Trend Review：
EUR/USD enters a bearish consolidation phase after last week’s downfall to mid-1.0900s.The USD preserves the post-NFP gains to a multi-week top and caps the upside for the pair.Bets for another ECB rate cut in October undermine the Euro and further act as a headwind.
Today Advise：Sideways
Key Levels：
| PP | Resistance* | 1.1024* | 1.1076** | 1.1112*** |
| 1.0988 | Support* | 1.0936* | 1.0899** | 1.0847*** |
Weekly forecast：
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USD/JPY
Trend Theme：USD/JPY slides below mid-148.00s, downside potential seems limited
Trend Review：
USD/JPY retreats after touching its highest level since August 16 amid intervention fears. Reduced bets for more BoJ rate hikes and an oversized Fed rate cut should lend support.Any meaningful corrective slide could be seen as a buying opportunity and remain limited.
Today Advise：Bearish
Key Levels：
| PP | Resistance* | 149.81* | 150.95** | 152.90*** |
| 147.87 | Support* | 146.73* | 144.78** | 143.64*** |
Weekly forecast：
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WTI
Trend Theme：Crude Oil faces some profit taking ahead of the weekend after upbeat Nonfarm Payrolls print
Trend Review：
Crude Oil eases a touch while over 8% of gains are set to be locked in for this week’s performance. US President Joe Biden said on Thursday talks are ongoing with Israel on whether it may attack Iranian oil fields. The US Dollar Index shoots through the roof after stellar Nonfarm Payrolls print urges traders to wind down Fed rate cut bets.
Today Advise：Sideways
Key Levels：
| PP | Resistance* | 75.07* | 76.09** | 77.04*** |
| 74.11 | Support* | 73.09* | 72.14** | 71.12*** |
Weekly forecast：
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XAU/USD
Trend Theme：Gold Price Forecast: XAU/USD loses momentum to near $2,650 on renewed US Dollar demand
Trend Review：
Gold price attracts some sellers to $2,650 in Monday’s early Asian session. US Nonfarm Payrolls rose by 254,000 in September vs. 159,000 prior, as expected. Rising Middle East geopolitical tensions could boost the safe-haven flows, benefiting the Gold.
Today Advise：Bearish
Key Levels：
| PP | Resistance* | 2671.94* | 2690.11** | 2710.05*** |
| 2652.00 | Support* | 2633.83* | 2613.89** | 2595.72*** |
Weekly forecast：
