EUR/USD
Trend Theme：EUR/USD grapples with 1.08 after Fed deals out another interest rate cut
Trend Review： EUR/USD trimmed its wick on Thursday, easing back into the 1.0800 handle after the Federal Reserve delivered a widely anticipated 25 bps rate trim. With November’s rate call firmly in the bag, rate traders and global markets will immediately pivot to a wait-and-see for December 18.
Today Advise：Bearish
Key Levels：
| PP | Resistance* | 1.0847* | 1.0892** | 1.0959*** |
| 1.0780 | Support* | 1.0735* | 1.0668** | 1.0624*** |
Weekly forecast：
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USD/JPY
Trend Theme：USD/JPY holds steady above 153.00; intervention fears might cap gains
Trend Review：USD/JPY edges higher on Friday and reverses a part of the previous day’s corrective slide from its highest level since July 30. The upbeat market mood and the BoJ rate-hike uncertainty undermine the safe-haven JPY. That said, speculations that Japanese authorities might intervene in the markets could cap the pair.
Today Advise：Bearish
Key Levels：
| PP | Resistance* | 154.15* | 155.44** | 156.17*** |
| 153.42 | Support* | 152.13* | 151.40** | 150.11*** |
Weekly forecast：
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WTI
Trend Theme：Crude Oil sinks with US inventories set to overflow and China demand contracting yet again
Trend Review：Crude Oil is facing selling pressure for a second day in a row after China exports decline yet again while projections look bleak for 2025 in terms of pricing. US President-elect Donald Trump has vowed to boost shale Oil production in the US, which would add more barrels of Oil to the markets. Meanwhile, the tropical storm Rafael is set to take out roughly 1.55 million barrels per day in production as of Friday.
Today Advise：Sideways
Key Levels：
| PP | Resistance* | 72.71* | 73.70** | 74.86*** |
| 71.56 | Support* | 70.57* | 69.41** | 68.42*** |
Weekly forecast：
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XAU/USD
Trend Theme：Gold price consolidates above $2,700 amid mixed cues
Trend Review：Gold price hovers above $2,700 during the Asian session on Friday and looks to build on the overnight solid recovery from the vicinity of the 50-day SMA support, or over a three-week low. In the absence of strong hawkish signals from the Fed, the unwinding of the so-called Trump trade and retreating US bond yields keep the USD bulls on the defensive.
Today Advise：Bearish
Key Levels：
| PP | Resistance* | 2728.78* | 2753.06** | 2795.67*** |
| 2686.17 | Support* | 2661.89* | 2619.28** | 2595.00*** |
Weekly forecast：
