EUR/USD
Trend Theme：EUR/USD trades firmer above 1.0750, German data eyed.
Trend Review：EUR/USD is holding the fort above 1.0750, having bounced off the 2024 low, in Asian trading on Wednesday. The pair cheers a continued US Dollar pullback and the market’s optimism. Investors await German Industrial Production, which is estimated to drop 0.4% MoM in December.
Today Advise：Bullish
Key Levels：
| PP | Resistance* | 1.0772 * | 1.0787 ** | 1.0812 *** |
| 1.0747 | Support* | 1.0732 * | 1.0708 ** | 1.0692 *** |
Weekly forecast：
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GBP/USD
Trend Theme：GBP/USD rises toward 1.2600 as USD loses interest.
Trend Review：GBP/USD gathered recovery momentum and rose toward 1.2600 in the American session on Tuesday. Following the mixed opening in Wall Street, the US Dollar struggles to preserve its strength. Markets await comments from central bankers for fresh impetus.
Today Advise：Bullish
Key Levels：
| PP | Resistance* | 1.2626 * | 1.2651 ** | 1.2698 *** |
| 1.2578 | Support* | 1.2554 * | 1.2506 ** | 1.2481 *** |
Weekly forecast：
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WTI
Trend Theme：Oil prices did not react much to a slight drawdown but lower than expected.
Trend Review：Since the New Year, the cracked difference of refined oil products has steadily increased slightly, which means that the current range of crude oil prices has not brought obvious pressure to the demand side, and the overall performance of oil prices is relatively healthy. However, the persistence of poor oil price rhythm tests investors’ response, and in a stalemate situation, investors need to be more patient with opportunity selection.
Today Advise：Bullish
Key Levels：
| PP | Resistance* | 74.10 * | 74.69 ** | 75.51 *** |
| 73.27 | Support* | 72.69 * | 71.86 ** | 71.28 *** |
Weekly forecast：
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XAU/USD
Trend Theme：Gold takes a breather after Tuesday’s impressive turnaround.
Trend Review：Gold price is taking a breather near $2,035 early Wednesday, after staging an impressive rebound on Tuesday. Despite central banks evading early rate cuts, bulls still show dominance favored by lower US Treasury bond yields, often seen as the cost of holding non-yielding metals.
Today Advise：Bullish
Key Levels：
| PP | Resistance* | 2042.16 * | 2048.55 ** | 2058.14 *** |
| 2032.57 | Support* | 2026.18 * | 2016.59 ** | 2010.20 *** |
Weekly forecast：
