EUR/USD
Trend Theme：EUR/USD clings to mild gains around 1.0900, focus on German IFO data.
Trend Review：The EUR/USD pair posts modest gains during the Asian trading hours on Monday. The major pair remains capped under 1.1000, the key barrier, amid the rebound of the US Dollar Index and weaker Eurozone data. Investors will take more cues from the German IFO survey for fresh impetus on Monday.
Today Advise：Bearish
Key Levels：
| PP | Resistance* | 1.0969 * | 1.1044 ** | 1.1084 *** |
| 1.0929 | Support* | 1.0854 * | 1.0814 ** | 1.0739 *** |
Weekly forecast：
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USD/JPY
Trend Theme：Japanese Yen remains on the defensive against USD, lacks follow-through ahead of BoJ on Tuesday.
Trend Review：The Japanese Yen ticks lower against the US Dollar for the second straight day on Monday. The prevalent risk-on environment is seen as a key factor undermining the safe-haven JPY. Hawkish remarks by Fed officials underpin the USD and lend support to the USD/JPY pair.
Today Advise：Bearish
Key Levels：
| PP | Resistance* | 142.67 * | 143.09 ** | 143.70 *** |
| 142.05 | Support* | 141.63 * | 141.01 ** | 140.59 *** |
Weekly forecast：
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WTI
Trend Theme：Oil steady in the green after eventful week.
Trend Review：WTI Oil heads towards $74 as the Federal Reserve’s dovishness brightens the demand outlook. Oil outlook could confirm OPEC latest report as a pickup in economic activity is foreseen for the first half of 2024. The DXY US Dollar Index trades steady at a near four-month-low, though it could turn around.
Today Advise：Bullish
Key Levels：
| PP | Resistance* | 72.83 * | 73.65 ** | 74.73 *** |
| 71.74 | Support* | 70.92 * | 69.84 ** | 69.02 *** |
Weekly forecast：
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XAU/USD
Trend Theme：Gold loses ground to $2,020, US housing data eyed.
Trend Review：Gold price edges lower to $2,020 during the early Asian session on Monday. The modest recovery of the US Dollar, backed by strong US Services PMI data weighs on the yellow metal. However, the upside might be limited as the markets anticipate a rate cut by 75 basis points next year.
Today Advise：Bullish
Key Levels：
| PP | Resistance* | 2036.84 * | 2055.56 ** | 2066.15 *** |
| 2026.25 | Support* | 2007.53 * | 1996.94 ** | 1978.22 *** |
Weekly forecast：
