EUR/USD
Trend Theme：EUR/USD backslides in runup to key midweek data prints.
Trend Review：EUR/USD dipped one-third of one percent on Tuesday as investors knuckle down for the wait to a double-header of Purchasing Managers Index figures due from both the EU and the US on Wednesday.
Today Advise：Bearish
Key Levels：
| PP | Resistance* | 1.08491 * | 1.08513 ** | 1.0855 *** |
| 1.08476 | Support* | 1.08454 * | 1.08439 ** | 1.08402 *** |
Weekly forecast：
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AUD/USD
Trend Theme：AUD/USD remains on the defensive near 0.6600 amid mixed Australian PMI, Chinese economic woes.
Trend Review：The AUD/USD pair trades in negative territory for the seventh consecutive day around 0.6610 on Wednesday during the early Asian session. The mixed flash Australia’s Judo Bank Purchasing Managers Index fails to boost the Aussie. Traders await the US preliminary S&P Global PMIs for June for fresh impetus.
Today Advise：Bearish
Key Levels：
| PP | Resistance* | 0.66119 * | 0.66151 ** | 0.66205 *** |
| 0.66097 | Support* | 0.66065 * | 0.66043 ** | 0.65989 *** |
Weekly forecast：
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WTI
Trend Theme：Oil prices fall 2% to a six-week low amid Gaza ceasefire talks and demand concerns. Does API data offer a rebound opportunity?
Trend Review：Oil prices fell about 2% on Tuesday, hitting a six-week low of 76.40 as expectations for a ceasefire in Gaza grew and concerns about demand from Asian giants intensified. However, API crude oil inventories fell sharply for four consecutive weeks, slightly alleviating demand concerns, but it is still difficult to reverse the decline.
Today Advise：Bearish
Key Levels：
| PP | Resistance* | 77.3 * | 77.337 ** | 77.416 *** |
| 77.258 | Support* | 77.221 * | 77.179 ** | 77.1 *** |
Weekly forecast：
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XAU/USD
Trend Theme：Gold price consolidates near weekly peak as traders look to US data for fresh cues.
Trend Review：Gold price struggles to capitalize on Tuesday’s positive move amid a modest US Dollar strength, though the downside remains cushioned in the wake of a generally softer risk tone. Furthermore, dovish Fed expectations should cap any meaningful USD appreciation and act as a tailwind for the non-yielding yellow metal.
Today Advise：Bullish
Key Levels：
| PP | Resistance* | 2410.94 * | 2413.82 ** | 2418.45 *** |
| 2409.19 | Support* | 2406.31 * | 2404.56 ** | 2399.93 *** |
Weekly forecast：
