EUR/USD
Trend Theme：EUR/USD defends bids around 1.0950, eyes US ISM, Fed Minutes.
Trend Review：EUR/USD is defending minor bids at around 1.0950 in the Asian session on Wednesday. The US Dollar clings to the previous gains amid a downbeat mood, capping the upside in the pair. The focus shifts to the top-tier US ISM PMI and the Fed Minutes for fresh impetus.
Today Advise：Bearish
Key Levels：
| PP | Resistance* | 1.1012 * | 1.1082 ** | 1.1117 *** |
| 1.0977 | Support* | 1.0907 * | 1.0872 ** | 1.0802 *** |
Weekly forecast：
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USD/JPY
Trend Theme：Japanese Yen consolidates overnight losses, US macro data and FOMC minutes in focus.
Trend Review：The Japanese Yen continues to draw support from expectations for a shift in the BoJ’s policy stance. A softer risk tone further benefits the safe-haven JPY and caps USD/JPY amid subdued USD demand. Investors now look to the US economic data for some impetus ahead of the FOMC meeting minutes.
Today Advise：Bullish
Key Levels：
| PP | Resistance* | 142.52 * | 143.07 ** | 143.92 *** |
| 141.67 | Support* | 141.12 * | 140.26 ** | 139.71 *** |
Weekly forecast：
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WTI
Trend Theme：Interest rate concerns bring economic resistance to the Red Sea crisis to ease the rebound of oil prices to meet the “four consecutive negative”.
Trend Review：Oil was pressured on Tuesday by a stronger dollar as investors scaled back expectations of a rate cut. Meanwhile, oil prices fell on the first trading day of 2024, with international crude futures settling down more than 1%, as concerns eased that tensions in the Red Sea could disrupt supplies.
Today Advise：Bearish
Key Levels：
| PP | Resistance* | 72.77 * | 75.01 ** | 76.30 *** |
| 71.48 | Support* | 69.25 * | 67.96 ** | 65.72 *** |
Weekly forecast：
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XAU/USD
Trend Theme：Gold snaps the three-day losing streak near $2,060, FOMC Minutes eyed.
Trend Review：Gold snaps the three-day losing streak during the early Asian session on Wednesday. The yellow metal edges higher despite a stronger US Dollar. XAU/USD price is trading around $2,060, up 0.13% for the day.
Today Advise：Neutral
Key Levels：
| PP | Resistance* | 2072.88 * | 2087.50 ** | 2095.98 *** |
| 2064.40 | Support* | 2049.78 * | 2041.30 ** | 2026.68 *** |
Weekly forecast：
