EUR/USD
Trend Theme：EUR/USD hovers around 1.0860 ahead of Fed’s Powell speech.
Trend Review：EUR/USD retreats to the 1.0860 area during the early Asian trading hours on Friday. The downtick of the major pair is backed by the firmer US Dollar and higher US Treasury bond yields. Traders await the German IFO Business Climate on Friday ahead of the Fed’s Chair Powell.
Today Advise：Bearish
Key Levels：
| PP | Resistance* | 1.0917 * | 1.0973 ** | 1.1004 *** |
| 1.0886 | Support* | 1.0830 * | 1.0799 ** | 1.0743 *** |
Weekly forecast：
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USD/JPY
Trend Theme：Japanese Yen languishes near YTD low against USD, seems vulnerable to slide further.
Trend Review：The Japanese Yen edges higher following the release of Japanese consumer inflation data. The uncertainty over the BoJ’s future policy steps keeps a lid on any further positive move. A modest US Dollar downtick exerts some pressure, though the downside remains limited.
Today Advise：Bearish
Key Levels：
| PP | Resistance* | 152.16 * | 152.70 ** | 153.65 *** |
| 151.21 | Support* | 150.67 * | 149.73 ** | 149.19 *** |
Weekly forecast：
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WTI
Trend Theme：Weak US gasoline demand + UN Gaza ceasefire draft, oil prices fell back to the 10-day moving average for two consecutive days.
Trend Review：Oil prices edged lower on Thursday, retreating to support near their 10-day moving average, pressured by weak U.S. gasoline demand data and reports of a U.N. draft resolution calling for a cease-fire in Gaza.
Today Advise：Neutral
Key Levels：
| PP | Resistance* | 81.62 * | 82.50 ** | 83.19 *** |
| 80.93 | Support* | 80.05 * | 79.36 ** | 78.47 *** |
Weekly forecast：
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XAU/USD
Trend Theme：Gold price tumbles toward $2,170 on renewed USD buying.
Trend Review：Gold price is extending its correction from all-time highs of $2,223, falling toward $2,170 early Friday. Gold price loses ground, as the US Dollar stages a comeback. A risk-off impulse and the lack of demand for the yellow metal sponsors its leg down.
Today Advise：Bearish
Key Levels：
| PP | Resistance* | 2214.10 * | 2247.03 ** | 2270.83 *** |
| 2190.30 | Support* | 2157.37 * | 2133.57 ** | 2100.64 *** |
Weekly forecast：
