EUR/USD

Trend Theme:EUR/USD holds steady above mid-1.0500s, looks to FOMC for fresh directional impetus.
Trend Review:EUR/USD lost ground on Tuesday and is consolidation losses around 1.0570. The decline from weekly highs found support above 1.0550. The US Dollar holds firm ahead of the FOMC decision and key US jobs data.
Today Advise:Bearish
Key Levels:
| PP | Resistance* | 1.0648 * | 1.0720 ** | 1.0765 *** |
| 1.0603 | Support* | 1.0531 * | 1.0486 ** | 1.0413 *** |
Weekly forecast:

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USD/JPY

Trend Theme:Japanese Yen drops over 1% in wake of BoJ meeting.
Trend Review:Japanese Yen weakens substantially following the Bank of Japan meeting early on Tuesday. The Yen returns to last week’s lows after Governor Ueda played down inflationary effects. USD/JPY returns to the 150s on the news.
Today Advise:Neutral
Key Levels:
| PP | Resistance* | 152.59 * | 153.51 ** | 155.29 *** |
| 150.81 | Support* | 149.89 * | 148.11 ** | 147.19 *** |
Weekly forecast:

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WTI

Trend Theme:The situation in the Middle East has not escalated + demand concerns have risen, and oil prices have hit a near two-month low.
Trend Review:Crude oil prices fell sharply for a second day as oil bulls, eager to hedge against the Israeli-Palestinian conflict, were disappointed to find that the rest of the market did not improve. Factory activity in big Asian countries, the biggest importers of crude, was weaker than expected, adding to the market gloom.
Today Advise:Bullish
Key Levels:
| PP | Resistance* | 84.26 * | 86.20 ** | 87.56 *** |
| 82.90 | Support* | 80.96 * | 79.60 ** | 77.66 *** |
Weekly forecast:

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XAU/USD

Trend Theme:Gold loses momentum below $2,000, focus on Fed rate decision.
Trend Review:Gold jumped above $2,000 in the early American session but failed to preserve its bullish momentum. With the US Dollar outperforming its major rivals ahead of the Fed’s highly-anticipated policy announcements on Wednesday, XAU/USD retreated toward $1,990.
Today Advise:Bullish
Key Levels:
| PP | Resistance* | 2001.54 * | 2019.32 ** | 2030.67 *** |
| 1990.19 | Support* | 1972.41 * | 1961.06 ** | 1943.28 *** |
Weekly forecast:

