EUR/USD
Trend Theme：EUR/USD posts modest gains under the 1.0900 barrier on the softer US Dollar.
Trend Review：The EUR/USD pair posts modest gains under the 1.0900 barrier during the early Asian trading hours on Monday. The European Central Bank’s January monetary policy meeting on Thursday will be a closely watched event by traders.
Today Advise：Bullish
Key Levels：
| PP | Resistance* | 1.0906 * | 1.0917 ** | 1.0937 *** |
| 1.0886 | Support* | 1.0875 * | 1.0855 ** | 1.0844 *** |
Weekly forecast：
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USD/JPY
Trend Theme：USD/JPY aims for firm-footing near 148.00 as Fed rate cut bets temper.
Trend Review：USD/JPY finds support near 148.00 as bets favouring a rate-cut decision by the Fed are fading away. Fed Daly is expected to support the ‘restrictive interest rates’ narrative amid stubborn inflation. Soft inflation data could force the BoJ to delay loose-policy exit plans.
Today Advise：Bullish
Key Levels：
| PP | Resistance* | 148.69 * | 149.23 ** | 149.66 *** |
| 148.27 | Support* | 147.73 * | 147.30 ** | 146.76 *** |
Weekly forecast：
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WTI
Trend Theme：Opec + needs to continue the cuts to achieve its goal of stabilizing the oil market.
Trend Review：Last Friday, the price of oil in the shock of repeated highs and lows eventually closed down slightly, which is a typical feature of the bearish stalemate. In the three weeks after the New Year, the complex volatility of oil prices in a narrow range has made investors confused, and the Red Sea Houthi disturbance of the shipping market and the geopolitical risk focused on Iran in the Middle East have injected geopolitical premiums into the market, which has formed a game with investors on supply and demand may be less than expected, and has become the reason for the repeated saw and rhythm of oil prices in the past few weeks.
Today Advise：Bearish
Key Levels：
| PP | Resistance* | 74.47 * | 75.35 ** | 76.09 *** |
| 73.73 | Support* | 72.85 * | 72.11 ** | 71.23 *** |
Weekly forecast：
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XAU/USD
Trend Theme：Gold price holds below $2,030.
Trend Review：Gold price drifts lower to $2,027 during the early Asian session on Monday. The robust US economic data have triggered the expectation that the Fed might delay interest rate cuts, which boost the US Dollar. The XAU/USD key support level is at the $2,000 psychological mark.
Today Advise：Bullish
Key Levels：
| PP | Resistance* | 2038.44 * | 2048.49 ** | 2057.47 *** |
| 2029.46 | Support* | 2019.41 * | 2010.43 ** | 2000.38 *** |
Weekly forecast：
