EUR/USD

Trend Theme:EUR/USD middled on Tuesday after mixed US CPI inflation print pins pair.
Trend Review:EUR/USD spent most of Tuesday cycling familiar territory, with the pair churning chart paper just north of 1.0900. Final German inflation figures printed exactly as expected, while a mixed print for US CPI inflation saw investors shrug off inflation concerns and continue to bet on rate cuts from the Fed.
Today Advise:Bullish
Key Levels:
| PP | Resistance* | 1.0946 * | 1.0966 ** | 1.0988 *** |
| 1.0924 | Support* | 1.0905 * | 1.0883 ** | 1.0863 *** |
Weekly forecast:

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USD/JPY

Trend Theme:Japanese Yen strengthens against USD amid reviving March BoJ rate hike bets.
Trend Review:The Japanese Yen attracts fresh buyers following the overnight fall to the weekly low. Reports that the BoJ is considering a March rate hike provide a modest boost to the JPY. The USD fades the warmer US CPI-led spike and does little to lend support to USD/JPY.
Today Advise:Bearish
Key Levels:
| PP | Resistance* | 148.38 * | 149.08 ** | 149.96 *** |
| 147.50 | Support* | 146.81 * | 145.92 ** | 145.23 *** |
Weekly forecast:

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WTI

Trend Theme:Oil prices fluctuated widely, with the United States raising its crude production forecast for this year, but geopolitical tensions remained tense.
Trend Review:Oil prices closed slightly lower on Tuesday after the U.S. government raised its forecast for 2024 crude production growth and released bearish economic data, but continued geopolitical tensions limited losses.
Today Advise:Bullish
Key Levels:
| PP | Resistance* | 78.39 * | 79.04 ** | 79.70 *** |
| 77.73 | Support* | 77.09 * | 76.42 ** | 75.78 *** |
Weekly forecast:

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XAU/USD

Trend Theme:Gold plunges on Tuesday’s session and stays firm at around $2,150.00.
Trend Review:Gold price plunged late on Tuesday in the aftermath of a hotter-than-expected US inflation report that exceeded estimates and prompted a jump in US Treasury bond yields. Then the yellow metal tumbled more than 1%, and the XAU/USD traded at $2,157.00 per troy ounce.
Today Advise:Bearish
Key Levels:
| PP | Resistance* | 2178.90 * | 2198.92 ** | 2213.03 *** |
| 2164.79 | Support* | 2144.77 * | 2130.66 ** | 2110.64 *** |
Weekly forecast:

