EUR/USD

Trend Theme:EUR/USD holds positive ground above 1.0700, eyes on German CPI data.
Trend Review:EUR/USD trades on a stronger note around 1.0710 during the early Asian trading hours on Monday. The weaker US Dollar below the 106.00 mark provides some support to the major pair.
Today Advise:Bullish
Key Levels:
| PP | Resistance* | 1.07121 * | 1.07135 ** | 1.07174 *** |
| 1.07096 | Support* | 1.07082 * | 1.07057 ** | 1.07018 *** |
Weekly forecast:

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USD/JPY

Trend Theme:The yen came under heavy pressure last week, with USD/JPY rising above 158, a new high since June 1990. The Bank of Japan announced that it would keep interest rates unchanged but hinted that it may raise interest rates in the future, causing the yen to fall further..
Trend Review:The Japanese Yen continues to weaken and is trading at uncomfortable levels for the Bank of Japan and a host of other central banks. It is very likely that the current level around 159.30 will soon push the MoF and BoJ into action to strengthen their currency. Friday’s sharp rally could be reversed before 160 becomes a reality next week.
Today Advise:Bullish
Key Levels:
| PP | Resistance* | 158.457 * | 159.546 ** | 160.78 *** |
| 158.324 | Support* | 158.135 * | 157.402 ** | 157.08 *** |
Weekly forecast:

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WTI

Trend Theme:Ceasefire negotiations are finally here! Are oil prices about to turn lower?
Trend Review:In early Asian trading, U.S. crude oil weakened slightly, falling nearly 1% to $83.01 per barrel, as a Hamas delegation will travel to Cairo on Monday to participate in ceasefire negotiations in Gaza, easing concerns about tight supply. In addition, U.S. inflation data It weakened prospects for a rate cut soon and hurt oil demand expectations. If the ceasefire negotiations go smoothly, oil prices are expected to face the risk of further decline in the short term.
Today Advise:Bearish
Key Levels:
| PP | Resistance* | 83.046 * | 83.231 ** | 83.552 *** |
| 82.91 | Support* | 82.725 * | 82.589 ** | 82.268 *** |
Weekly forecast:

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XAU/USD

Trend Theme:Gold trades on a softer note below $2,350 on hotter-than-expected US inflation data.
Trend Review:Gold price trades on a softer note near $2,335 on Monday during the early Asian session. The recent US economic data showed that US inflationary pressures staying firm, which has added further to market doubts about near-term US Federal Reserve rate cuts.
Today Advise:Bullish
Key Levels:
| PP | Resistance* | 2331.18 * | 2336.44 ** | 2346.18 *** |
| 2326.7 | Support* | 2321.44 * | 2316.96 ** | 2307.22 *** |
Weekly forecast:

