EUR/USD

Trend Theme:EUR/USD slumps to 1.07 as markets round the corner into Friday.
Trend Review:EUR/USD fell back to familiar technical levels on Thursday, clunking down to the 1.0700 handle after a miss in US economic figures bolstered the Greenback. Friday markets loom ahead with a packed data docket, with Purchasing Managers Index figures for both the EU and the US on the cards.
Today Advise:Bearish
Key Levels:
| PP | Resistance* | 1.07134 * | 1.07147 ** | 1.07178 *** |
| 1.07116 | Support* | 1.07103 * | 1.07085 ** | 1.07054 *** |
Weekly forecast:

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USD/JPY

Trend Theme:USD/JPY bulls turn cautious near 159.00, highest since April amid intervention fears.
Trend Review:USD/JPY remains supported near its highest level since April touched earlier this Friday. The BoJ rate-hike uncertainty and mixed National CPI from Japan undermine the JPY. September Fed rate cut bets cap gains for the USD and the pair amid intervention fears.
Today Advise:Bullish
Key Levels:
| PP | Resistance* | 158.98 * | 159.028 ** | 159.123 *** |
| 158.933 | Support* | 158.885 * | 158.838 ** | 158.743 *** |
Weekly forecast:

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WTI

Trend Theme:Oil prices rise to highest level since May as inventory decline and U.S. employment data boost hopes for rate cuts.
Trend Review:Oil futures climbed to their highest since May on Thursday after the U.S. Energy Information Administration reported a drop in crude inventories and data showed a cooling labor market, boosting hopes that the Federal Reserve will cut interest rates sooner than expected.
Today Advise:Bullish
Key Levels:
| PP | Resistance* | 81.201 * | 81.251 ** | 81.331 *** |
| 81.171 | Support* | 81.121 * | 81.091 ** | 81.011 *** |
Weekly forecast:

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XAU/USD

Trend Theme:Gold price climbs amid traders’ optimism of Fed rate cuts.
Trend Review:Gold’s price barely moved Wednesday during the North American session as traders remained absent in observance of the Juneteenth holiday. Data from the United States continued to weaken, a sign of relief for traders who remain confident the Federal Reserve will ease policy twice this year.
Today Advise:Sideway
Key Levels:
| PP | Resistance* | 2361.85 * | 2362.92 ** | 2365.4 *** |
| 2360.44 | Support* | 2359.37 * | 2357.96 ** | 2355.48 *** |
Weekly forecast:

