EUR/USD
Trend Theme：EUR/USD skids into fresh ten-week low, taps 1.09 as ECB rate cut looms
Trend Review：
EUR/USD is set to decline for a third straight week against the Greenback.Fiber kicked off the new trading week finding fresh lows as Euro confidence wanes.ECB is set to trim rates by another 25 bps this week.
Today Advise：Bearish
Key Levels：
| PP | Resistance* | 1.0935* | 1.0961** | 1.0984*** |
| 1.0911 | Support* | 1.0886* | 1.0862** | 1.0837*** |
Weekly forecast：
————————————————————————————————-
USD/JPY
Trend Theme：Japanese Yen might struggle to gain any meaningful traction amid BoJ uncertainty
Trend Review：
The Japanese Yen recovers a bit against the USD, from over a two-month low set on Monday.The BoJ rate-hike uncertainty and the upbeat market mood to cap gains for the safe-haven JPY.Bets for smaller interest rate cuts by the Fed underpin the USD and favor the USD/JPY bulls.
Today Advise：Sideways
Key Levels：
| PP | Resistance* | 150.15* | 150.55** | 151.11*** |
| 149.59 | Support* | 149.19* | 148.63** | 148.24*** |
Weekly forecast：
————————————————————————————————-
WTI
Trend Theme：Crude oil trading reminder: Israel seems to be “cowardly”, concerns about the situation in the Middle East have cooled down, and oil prices have plummeted
Trend Review：
U.S. crude oil futures prices suddenly plunged in early Asian trading on Tuesday after reports that Israel may avoid attacking Iran’s crude oil infrastructure eased concerns about tensions in the Middle East. The Washington Post quoted two officials familiar with the matter as saying that Israeli Prime Minister Benjamin Netanyahu told the Biden administration that he was willing to strike Iran’s military facilities, but not its oil or nuclear facilities.
Today Advise：Bearish
Key Levels：
| PP | Resistance* | 73.73* | 76.13** | 77.32*** |
| 72.53 | Support* | 70.13* | 68.94** | 66.54*** |
Weekly forecast：
—————————————————————————————————
XAU/USD
Trend Theme：Gold trading reminder: The hawkish Fed helped the dollar rise to a 10-week high, gold prices rose and then fell, has the “wind direction” in the Middle East changed?
Trend Review：
In the early Asian session on Tuesday (October 15), spot gold fluctuated in a narrow range and is currently trading around $2,648.42 per ounce. Gold prices rose and fell on Monday. Although the geopolitical situation provided safe-haven buying support for gold earlier, gold prices once rose to a one-week high of $2,666.70 per ounce. However, as the US dollar rebounded to a ten-week high, gold prices gave up their gains and closed slightly lower at $2,648.49 per ounce.
Today Advise：Bearish
Key Levels：
| PP | Resistance* | 2662.87* | 2676.71** | 2686.56*** |
| 2653.02 | Support* | 2639.18* | 2629.33** | 2615.49*** |
Weekly forecast：
