EUR/USD

Trend Theme:EUR/USD gains ground above 1.1000 ahead of US PCE data.
Trend Review:The EUR/USD pair posts modest gains to its highest level in four months during the early Asian trading hours on Friday. The weaker US Dollar and the hawkish stance of the European Central Bank lift the pair. The major pair trades around 1.1008, gaining 0.05% on the day.
Today Advise:Bearish
Key Levels:
| PP | Resistance* | 1.1027 * | 1.1052 ** | 1.1101 *** |
| 1.0979 | Support* | 1.0954 * | 1.0905 ** | 1.0881 *** |
Weekly forecast:

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USD/JPY

Trend Theme:USD/JPY extends losses to levels near 142.00 after US GDP data.
Trend Review:US Q3 GDP has been revised down to a 4.9% year-on-year from 5.2%. US Jobless claims increase by 205K, well below the 215K expected. USD/JPY extends its reversal to fresh intra-day lows at 142.10.
Today Advise:Bearish
Key Levels:
| PP | Resistance* | 143.31 * | 144.40 ** | 145.03 *** |
| 142.68 | Support* | 141.60 * | 140.96 ** | 139.88 *** |
Weekly forecast:

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WTI

Trend Theme:Surprise! Angola’s exit from OPEC weighed on oil prices, but a weaker dollar still provided support.
Trend Review:Angola has said it will leave the Organisation of the Petroleum Exporting Countries (OPEC), raising questions about the producer group’s efforts to prop up prices by limiting global supply. Meanwhile, rising tensions in the Middle East, slowing U.S. economic growth and rising crude production led to lower oil prices on Thursday.
Today Advise:Bullish
Key Levels:
| PP | Resistance* | 74.95 * | 75.86 ** | 77.08 *** |
| 73.73 | Support* | 72.82 * | 71.59 ** | 70.69 *** |
Weekly forecast:

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XAU/USD

Trend Theme:Gold extends its upside above $2,050, all eye on US PCE data.
Trend Review:Gold extends its gains during the early Asian session on Friday. The softer US Dollar and the downbeat US GDP growth number lends some support to the yellow metal. Gold price trades near $2,055, gaining 0.53% on the day.
Today Advise:Bullish
Key Levels:
| PP | Resistance* | 2050.99 * | 2057.81 ** | 2069.52 *** |
| 2039.28 | Support* | 2032.46 * | 2020.75 ** | 2013.93 *** |
Weekly forecast:

