USD/JPY
Trend Theme：Japanese Yen stalls a two-day-old depreciating trend against USD, US CPI in focus.
Trend Review：The Japanese Yen regains some positive traction during the Asian session on Tuesday. USD/JPY erodes a part of its strong recovery gains registered over the past two days. Investors look to the US CPI for a fresh impetus ahead of the FOMC on Wednesday.
Today Advise：Bullish
Key Levels：
| PP | Resistance* | 146.93 * | 147.65 ** | 148.70 *** |
| 145.87 | Support* | 145.15 * | 144.10 ** | 143.38 *** |
Weekly forecast：
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AUD/USD
Trend Theme：AUD/USD gains ground after a slightly hawkish speech from RBA Governor Bullock.
Trend Review：Australian Dollar moves upward on a hawkish sentiment from the RBA Governor Michele Bullock, trading around 0.6580 on Tuesday. Australia’s chief policymaker Bullock indicated the RBA’s focus on supporting a robust labor market in Australia.
Today Advise：Bullish
Key Levels：
| PP | Resistance* | 0.6584 * | 0.6600 ** | 0.6617 *** |
| 0.6567 | Support* | 0.6551 * | 0.6534 ** | 0.6517 *** |
Weekly forecast：
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WTI
Trend Theme：The rebound in oil prices has been stymied by lingering concerns about oversupply and slowing fuel demand growth.
Trend Review：This week, Saudi Arabia’s energy minister will provide an update on the possibility of further production cuts or an extension to 2024, drawing attention to the crude oil market. Supply concerns and a potential rebound in demand are driving crude oil prices higher, but market participants are showing caution and hesitation. Traders’ net short position on WTI currently stands at 79%. WTI crude oil hit an intraday high of $71.81 per barrel, indicating caution and a wait-and-see attitude among market participants.
Today Advise：Neutral
Key Levels：
| PP | Resistance* | 72.24 * | 72.82 ** | 73.65 *** |
| 71.41 | Support* | 70.83 * | 70.00 ** | 69.42 *** |
Weekly forecast：
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XAU/USD
Trend Theme：Gold extends backslide, markets gear up for Fed rate call.
Trend Review：Spot Gold saw further declines on Monday, slipping back below the $2,000 handle to ease into the $1,980 neighborhood as markets get set for a fresh round of US Consumer Price Index inflation figures on Tuesday.
Today Advise：Bullish
Key Levels：
| PP | Resistance* | 2000.53 * | 2020.19 ** | 2032.50 *** |
| 1988.22 | Support* | 1968.56 * | 1956.25 ** | 1936.59 *** |
Weekly forecast：
