EUR/USD
Trend Theme：EUR/USD extends decline as ECB rate call looms ahead
Trend Review：
EUR/USD shed another fifth of a percent on Tuesday.ECB Bank Survey results trimmed bullish Euro potential.ECB broadly expected to deliver another 25 bps rate cut this week.
Today Advise：Bearish
Key Levels：
| PP | Resistance* | 1.0913* | 1.0932** | 1.0948*** |
| 1.0897 | Support* | 1.0878* | 1.0862** | 1.0843*** |
Weekly forecast：
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USD/JPY
Trend Theme：USD/JPY Price Forecast: Dips towards 149.00 on falling US yields
Trend Review：
USD/JPY slips to 149.21 as US 10-year Treasury yield drops over eight basis points.Despite recent dip, the pair remains in a neutral to bullish stance, hovering inside the Ichimoku Cloud.Key support at 149.00; a break below could trigger further declines towards 147.95 and beyond.
Today Advise：Sideways
Key Levels：
| PP | Resistance* | 149.74* | 150.28** | 150.73*** |
| 149.29 | Support* | 148.75* | 148.30** | 147.76*** |
Weekly forecast：
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WTI
Trend Theme：Crude oil trading reminder: Big news! Israel says it will not target Iran’s nuclear and oil bases, oil prices continue to fall to a two-week low
Trend Review：
In the early Asian session on Wednesday (October 16), international oil prices fluctuated in a narrow range, with U.S. crude oil currently trading around $70.90 per barrel. Oil prices fell more than 4% on Tuesday, hitting a nearly two-week low, due to weak demand prospects and media reports that Israel would not attack Iran’s nuclear and oil bases, easing market concerns about supply disruptions.
Today Advise：Bearish
Key Levels：
| PP | Resistance* | 71.62* | 72.80** | 73.98*** |
| 70.44 | Support* | 69.26* | 68.08** | 66.90*** |
Weekly forecast：
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XAU/USD
Trend Theme：Gold trading reminder: U.S. Treasury yields recorded the largest single-day drop in more than two months, and gold prices hit a high in more than a week
Trend Review：
In the early Asian session on Wednesday (October 16), spot gold fluctuated in a narrow range and is currently trading around $2,660.40 per ounce. Gold prices rose 0.5% on Tuesday, hitting a more than one-week high of $2,668.80 per ounce and closing at $2,662.55 per ounce, helped by the decline in U.S. Treasury yields. Investors are cautiously waiting for more data that may provide new clues to the Federal Reserve’s monetary easing cycle.
Today Advise：Bearish
Key Levels：
| PP | Resistance* | 2675.03* | 2687.43** | 2705.88*** |
| 2656.58 | Support* | 2644.18* | 2625.73** | 2613.33*** |
Weekly forecast：
