EUR/USD

Trend Theme:EUR/USD backslides on thin Monday volumes
Trend Review: EUR/USD slid to a fresh 30-week low on Monday, kicking off the first trading session of the week with a 0.6% decline. Fiber extended losses below the 1.0700 handle as Euro bulls evaporate as markets await key US Consumer Price Index inflation and a fresh update to pan-European Gross Domestic Product figures.
Today Advise:Neutral
Key Levels:
| PP | Resistance* | 1.0713* | 1.0770** | 1.0812*** |
| 1.0671 | Support* | 1.0614* | 1.0571** | 1.0514*** |
Weekly forecast:

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USD/JPY

Trend Theme:USD/JPY ticks lower amid intervention fears; downside potential seems limited
Trend Review:USD/JPY edges lower during the Asian session on Tuesday amid fears that Japanese authorities might intervene in the markets. Doubts over the BoJ’s ability to hike rates again, fears that the US President-elect Donald Trump might again hit Japan with protectionist trade measures and elevated US Treasury bond yields should cap the JPY.
Today Advise:Bearish
Key Levels:
| PP | Resistance* | 154.19* | 154.74** | 155.52*** |
| 153.41 | Support* | 152.87* | 152.08** | 151.54*** |
Weekly forecast:

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WTI

Trend Theme:WTI retreats to near $68.00 on Chinese stimulus disappointment, stronger US Dollar
Trend Review:West Texas Intermediate, the US crude oil benchmark, is trading around $68.00 on Tuesday. The WTI price edges lower amid the fears that a Trump administration will spark a tariff-led trade war and concerns about demand growth in China.
Today Advise:Sideways
Key Levels:
| PP | Resistance* | 69.71* | 71.28** | 72.23*** |
| 68.76 | Support* | 67.19* | 66.24** | 64.67*** |
Weekly forecast:

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XAU/USD

Trend Theme:Gold falls as firm US Dollar is boostes by tariff woes
Trend Review:Gold plummets more than 2.50% on Monday as the Greenback hits a four-month high. Expectations that Donald Trump’s second presidential term could spark an escalation on the trade war front is keeping the US Dollar on the front foot.
Today Advise:Sideways
Key Levels:
| PP | Resistance* | 2668.58* | 2715.09** | 2744.02*** |
| 2639.65 | Support* | 2593.14* | 2564.21** | 2517.70*** |
Weekly forecast:

