EUR/USD
Trend Theme：EUR/USD targets the 1.0880 zone ahead of US, EMU data.
Trend Review：EUR/USD kept the bullish bias well in place for the second session in a row, leaving behind the 1.0800 barrier and the key 200-day SMA (1.0790) prior to key data releases in the EMU and US on Wednesday.
Today Advise：Bullish
Key Levels：
| PP | Resistance* | 1.08222 * | 1.08242 ** | 1.08275 *** |
| 1.08209 | Support* | 1.08189 * | 1.08176 ** | 1.08143 *** |
Weekly forecast：
————————————————————————————————-
USD/JPY
Trend Theme：USD/JPY extends its upside above 156.50 ahead of US CPI, Retail Sales data
Trend Review：The USD/JPY pair trades in positive territory for the fourth consecutive day near 156.55 on Wednesday during the Asian session. The uptick of the pair is bolstered by the speculation that the Federal Reserve might maintain rates higher for longer amid the elevated inflation.
Today Advise：Bullish
Key Levels：
| PP | Resistance* | 156.504 * | 156.534 ** | 156.626 *** |
| 156.442 | Support* | 156.412 * | 156.35 ** | 156.258 *** |
Weekly forecast：
—————————————————————————————————
WTI
Trend Theme：Oil prices still fluctuate weakly.
Trend Review：Oil prices closed down yesterday. In the early morning, API inventory data showed that crude oil inventories were unexpectedly lowered than expected. Oil prices rebounded and recovered part of the day’s decline. Overall, oil prices are still operating in a weak shock. The downward support is still effective, but the upward drive is insufficient. . OPEC released its monthly report, maintaining its forecast for global oil demand growth in 2024 at 2.25 million barrels per day.
Today Advise：Neutral
Key Levels：
| PP | Resistance* | 78.266 * | 78.302 ** | 78.366 *** |
| 78.238 | Support* | 78.202 * | 78.174 ** | 78.11 *** |
Weekly forecast：
—————————————————————————————————
XAU/USD
Trend Theme：Gold price firmer amid mixed US PPI data, Fed’s uncertain on inflation.
Trend Review：Gold prices climbed past the $2,359 figure on Tuesday after data released by the US Department of Labor revealed that factory gate inflation rose above estimates, signaling that prices remained elevated. Despite that, US Treasury yields are sliding, a headwind for the Greenback.
Today Advise：Bullish
Key Levels：
| PP | Resistance* | 2357.77 * | 2358.81 ** | 2360.55 *** |
| 2357.07 | Support* | 2356.03 * | 2355.33 ** | 2353.59 *** |
Weekly forecast：
