EUR/USD
Trend Theme：EUR/USD holds steady below 1.0750 amid stronger US Dollar.
Trend Review：The EUR/USD pair trades on a flat note around 1.0735 on Friday during the early Asian trading hours. The upside of the pair might be limited amid the uncertainty surrounding European parliamentary elections. Investors will take more cues from the ECB’s Christine Lagarde speech and the preliminary US Michigan Consumer Sentiment report for June.
Today Advise：Bearish
Key Levels：
| PP | Resistance* | 1.07409 * | 1.07426 ** | 1.07472 *** |
| 1.0738 | Support* | 1.07363 * | 1.07334 ** | 1.07288 *** |
Weekly forecast：
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USD/JPY
Trend Theme：USD/JPY rises toward 157.50 ahead of BoJ decision.
Trend Review：USD/JPY catches fresh bids and rises toward 157.50 in the Asian session on Friday, just below the weekly top as investors keenly await the highly-anticipated Bank of Japan policy decision. The pair stays buoyed by sustained US Dollar strength due to the hawkish Fed.
Today Advise：Bullish
Key Levels：
| PP | Resistance* | 157.326 * | 157.372 ** | 157.489 *** |
| 157.255 | Support* | 157.209 * | 157.138 ** | 157.021 *** |
Weekly forecast：
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WTI
Trend Theme：The sharp rise of the US dollar suppressed oil prices, and the technical signal of a decline strengthened.
Trend Review：The sharp rebound of the US dollar index overnight put obvious pressure on oil prices, although OPEC+ refuted the IEA’s forecast that oil demand will peak in 2029. In addition, the previous sharp increase in EIA crude oil inventories and the increase in initial jobless claims in the United States have increased demand concerns.
Today Advise：Bullish
Key Levels：
| PP | Resistance* | 77.893 * | 78.009 ** | 78.305 *** |
| 77.713 | Support* | 77.597 * | 77.417 ** | 77.121 *** |
Weekly forecast：
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XAU/USD
Trend Theme：Gold price slumps due to Fed’s eyeing one cut, despite soft US PPI.
Trend Review：Gold price retreated during the North American session on Thursday after hitting a daily high of $2,326. The Federal Reserve projects just one interest rate cut instead of the three proposed since December’s 2023 Summary of Economic Projections, aka the dot plot.
Today Advise：Bullish
Key Levels：
| PP | Resistance* | 2307.5 * | 2308.89 ** | 2312.09 *** |
| 2305.69 | Support* | 2304.3 * | 2302.49 ** | 2299.29 *** |
Weekly forecast：
