EUR/USD

Trend Theme:EUR/USD stabilizes near 1.0550 despite soft German inflation data
Trend Review:EUR/USD fluctuates in a narrow range near 1.0550 in the American session on Thursday. Soft inflation data from Germany makes it difficult for the Euro to gather strength, limiting the pair’s upside, while US markets remain closed in observance of the Thanksgiving Day holiday.
Today Advise:Bullish
Key Levels:
| PP | Resistance* | 1.0574 * | 1.0593 ** | 1.0616 *** |
| 1.0551 | Support* | 1.0532 * | 1.0508 ** | 1.0489 *** |
Weekly forecast:

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USD/JPY

Trend Theme:USD/JPY slides to sub-151.00 levels after Tokyo CPI
Trend Review:USD/JPY dropped below the 151.00 mark following the release of strong November inflation figures from Tokyo, Japan’s capital, which backs the case for another BoJ rate hike in December.
Today Advise:Bearish
Key Levels:
| PP | Resistance* | 151.98 * | 152.48 ** | 153.01 *** |
| 151.45 | Support* | 150.95 * | 150.42 ** | 149.92 *** |
Weekly forecast:

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WTI

Trend Theme:Crude Oil steady amidst rumors Israel might have already breached current ceasefire deal
Trend Review:Crude Oil is ticking up around 0.50% this Thursday on headlines that Israel has already broken the ceasefire deal between in the Gaza region, Bloomberg reports. Meanwhile, the Organization of the Petroleum Exporting Countries and its allies (OPEC+) have confirmed they will postpone its upcoming Output Policy Meeting decision from Sunday to December 5.
Today Advise:Bearish
Key Levels:
| PP | Resistance* | 69.30 * | 69.74 ** | 70.32 *** |
| 68.72 | Support* | 68.28 * | 67.70 ** | 67.26 *** |
Weekly forecast:

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XAU/USD

Trend Theme:Gold holds firm above $2,600 as geopolitical jitters, dovish Fed fuels demand
Trend Review:Gold price consolidated around $2,630 on Thursday amid thin liquidity trading as US markets are closed for Thanksgiving. Geopolitics continued to drive the price of non-yielding metal, which dwindled during the last three trading days. The XAU/USD trades at $2,637, virtually unchanged.
Today Advise:Neutral
Key Levels:
| PP | Resistance* | 2653.25 * | 2665.80 ** | 2681.92 *** |
| 2637.13 | Support* | 2624.58 * | 2608.46 ** | 2595.91 *** |
Weekly forecast:

