EUR/USD

Trend Theme:EUR/USD gains ground below the 1.1000 mark, focus on US CPI data.
Trend Review:The EUR/USD edges higher for the second consecutive day during the early Asian trading hours on Thursday. The rebound of the major pair is bolstered by the softer US Dollar broadly. The pair is trading at 1.0977, up 0.11% on the day.
Today Advise:Bearish
Key Levels:
| PP | Resistance* | 1.0985 * | 1.1004 ** | 1.1035 *** |
| 1.0954 | Support* | 1.0935 * | 1.0904 ** | 1.0885 *** |
Weekly forecast:

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USD/JPY

Trend Theme:USD/JPY: Japanese Yen recovers from weekly low amid some repositioning ahead of US CPI.
Trend Review:The Japanese Yen gains positive traction on Thursday and snaps a two-day losing streak. The Fed rate-cut uncertainty keeps the USD bulls on the defensive and benefits the JPY. Traders might refrain from placing fresh directional bets ahead of the key US CPI report.
Today Advise:Bearish
Key Levels:
| PP | Resistance* | 146.32 * | 146.83 ** | 147.83 *** |
| 145.32 | Support* | 144.81 * | 143.81 ** | 143.29 *** |
Weekly forecast:

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WTI

Trend Theme:Crude oil inventories unexpectedly increased, oil prices were once again depressed by the downward channel.
Trend Review:Oil prices fell nearly $1 a barrel on Wednesday after a surprise build in U.S. crude inventories raised concerns about demand in the biggest oil market.
Today Advise:Bearish
Key Levels:
| PP | Resistance* | 71.98 * | 74.29 ** | 75.36 *** |
| 71.98 | Support* | 70.42 * | 69.51 ** | 67.95 *** |
Weekly forecast:

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XAU/USD

Trend Theme:Gold holds positive ground above $2,020 ahead of US CPI data.
Trend Review:Gold drifted higher during the early Asian trading hours on Thursday. The softer US Dollar lends some support to the yellow metal ahead of the key US CPI report on Thursday. XAU/USD price is trading around $2,026, gaining 0.15% on the day.
Today Advise:Bearish
Key Levels:
| PP | Resistance* | 2035.78 * | 2047.94 ** | 2055.58 *** |
| 2028.14 | Support* | 2015.98 * | 2008.34 ** | 1996.18 *** |
Weekly forecast:

