EUR/USD
Trend Theme：EUR/USD hovers near 1.0850, downside seems possible due to shift in policies outlook
Trend Review：
EUR/USD may face challenges due to market perception changes regarding central banks’ policy outlooks.The US Dollar gained ground due to the fading likelihood of an aggressive rate cut by the Fed in November.The ECB may accelerate its pace of policy easing to bolster growth in the Eurozone.
Today Advise：Bearish
Key Levels：
| PP | Resistance* | 1.0882* | 1.0898** | 1.0927*** |
| 1.0854 | Support* | 1.0838* | 1.0810** | 1.0794*** |
Weekly forecast：
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USD/JPY
Trend Theme：Japanese Yen recovers further against USD, upside potential seems limited
Trend Review：
The Japanese Yen attracts some follow-through buying amid fears of a government intervention.The uncertainty over the BoJ’s rate-hike plans and the upbeat mood could cap the safe-haven JPY.Bets for a less aggressive Fed easing may underpin the USD and lend support to the USD/JPY pair.
Today Advise：Bullish
Key Levels：
| PP | Resistance* | 150.09* | 150.65** | 151.01*** |
| 149.73 | Support* | 149.17* | 148.81** | 148.25*** |
Weekly forecast：
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WTI
Trend Theme：Crude oil trading reminder: Oil prices closed lower and fell more than 7% on a weekly basis. The technical bearish signal strengthened, and attention was paid to the geopolitical situation.
Trend Review：
In early Asian trading on Monday (October 21), international oil prices fluctuated in a narrow range, with U.S. crude oil currently trading around $68.90 per ounce. Crude oil futures fell more than 2% last Friday and more than 7% last week after data showed slowing economic growth in major Asian countries as investors digested a mixed outlook for the Middle East.
Today Advise：Sideways
Key Levels：
| PP | Resistance* | 70.26* | 71.70** | 72.75*** |
| 69.21 | Support* | 67.77* | 66.71** | 65.27*** |
Weekly forecast：
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XAU/USD
Trend Theme：Gold trading reminder: Gold prices have repeatedly hit record highs, analysts and retail investors are still bullish, beware of short-selling counterattacks?
Trend Review：
In the early Asian session on Monday (October 21), spot gold rose slightly, reaching a high of $2,723.07 per ounce, setting a new record high. The price of gold rose above the $2,700 per ounce mark last Friday, closing at $2,722.13 per ounce, for the first time in history. Thanks to the escalation of tensions in the Middle East, uncertainty in the US election and expectations of loose monetary policy, the price of gold rose by 2.45% last week.
Today Advise：Neutral
Key Levels：
| PP | Resistance* | 2732.05* | 2742.45** | 2762.31*** |
| 2712.19 | Support* | 2701.79* | 2681.93** | 2671.53*** |
Weekly forecast：
