EUR/USD
Trend Theme：EUR/USD hovers around 1.0700, eyes on US first-quarter GDP data.
Trend Review：EUR/USD hovers around the 1.0700 psychological level on Thursday during the early Asian session. The modest uptick of the major pair is supported by the softer US Dollar. Later in the day, Germany’s GfK Consumer Confidence Survey for April will be released.
Today Advise：Bullish
Key Levels：
| PP | Resistance* | 1.07074 * | 1.07095 ** | 1.07133 *** |
| 1.07057 | Support* | 1.07036 * | 1.07019 ** | 1.06981 *** |
Weekly forecast：
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USD/JPY
Trend Theme：USD/JPY finds its highest bids since 1990, near 155.50.
Trend Review：USD/JPY keeps breaking into its highest chart territory since June of 1990 early Thursday, testing 155.50 for the first time in 34 years as the Japanese Yen remains vulnerable, despite looming Japanese intervention risks. Focus shifts to Thursday’s US GDP report and the BoJ decision on Friday.
Today Advise：Bullish
Key Levels：
| PP | Resistance* | 155.468 * | 155.495 ** | 155.576 *** |
| 155.414 | Support* | 155.252 * | 155.333 ** | 155.387 *** |
Weekly forecast：
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WTI
Trend Theme：Oil prices closed slightly lower, Goldman Sachs “sold” and warned short sellers to increase their offensive.
Trend Review：Oil prices edged lower on Wednesday as concerns about conflicts in the Middle East eased and U.S. business activity slowed, although a drop in U.S. crude inventories limited losses. Goldman Sachs analysts said in a report that detente between Iran and Israel could lower oil prices by another $5-10 per barrel in the coming months. The International Energy Agency (IEA) forecast on Tuesday that electric vehicle sales will grow strongly in 2024 and increasingly weaken oil demand.
Today Advise：Bearish
Key Levels：
| PP | Resistance* | 82.7 * | 82.766 ** | 82.925 *** |
| 82.607 | Support* | 82.541 * | 82.448 ** | 82.289 *** |
Weekly forecast：
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XAU/USD
Trend Theme：Gold price treads water near $2,320, awaits US GDP data.
Trend Review：Gold price recovers losses but keeps its range near $2,320 early Thursday. Renewed weakness in the US Dollar and the US Treasury yields allow Gold buyers to breathe a sigh of relief. Gold price stays vulnerable amid Middle East de-escalation, awaiting US Q1 GDP data.
Today Advise：Bearish
Key Levels：
| PP | Resistance* | 2320.72 * | 2321.71 ** | 2323.67 *** |
| 2319.75 | Support* | 2318.76 * | 2317.79 ** | 2315.83 *** |
Weekly forecast：
