EUR/USD
Trend Theme：EUR/USD remains on the defensive below 1.0850 ahead of ECB’s Lagarde speech, US GDP data.
Trend Review：The EUR/USD pair trades in negative territory for the third consecutive day around 1.0835 during the Asian session on Thursday. The major pair adds to the previous day’s losses amid a downbeat view of the Eurozone’s economic outlook and rising expectation that the European Central Bank would cut more rates in September.
Today Advise：Bearish
Key Levels：
| PP | Resistance* | 1.08414 * | 1.08425 ** | 1.0845 *** |
| 1.084 | Support* | 1.08389 * | 1.08375 ** | 1.0835 *** |
Weekly forecast：
————————————————————————————————-
GBP/USD
Trend Theme：GBP/USD weakens below 1.2900, US GDP data looms.
Trend Review：The GBP/USD pair edges lower to 1.2895 during the Asian trading hours on Thursday. The higher possibility that the Bank of England will begin cutting interest rates in August has undermined the Pound Sterling. In the absence of top-tier UK economic data releases, the GBP/USD pair will be influenced by the USD.
Today Advise：Bearish
Key Levels：
| PP | Resistance* | 1.28981 * | 1.28999 ** | 1.29034 *** |
| 1.28964 | Support* | 1.28946 * | 1.28929 ** | 1.28894 *** |
Weekly forecast：
—————————————————————————————————
WTI
Trend Theme：U.S. oil and fuel oil inventories fell sharply, and oil prices temporarily slowed down but remained weak.
Trend Review：Oil prices edged up on Wednesday, supported by a sharp drop in U.S. crude and fuel oil inventories, but prices hovered near their lowest level in six weeks on concerns about weak global demand, and there is still risk of further downside.
Today Advise：Bearish
Key Levels：
| PP | Resistance* | 77.19 * | 77.262 ** | 77.376 *** |
| 77.148 | Support* | 77.076 * | 77.034 ** | 76.92 *** |
Weekly forecast：
—————————————————————————————————
XAU/USD
Trend Theme：Gold price sees a sharp $30 fall as $2,400 gives way.
Trend Review：Gold price is trading at around $2,380, having seen a steep fall to $2,370 after bulls failed to defend the $2,400 level. There are no fresh catalysts seen behind this move, as the US Dollar holds losses alongside the US Treasury bond yields, despite risk-aversion. US GDP data eyed.
Today Advise：Bullish
Key Levels：
| PP | Resistance* | 2397.28 * | 2402.87 ** | 2411.28 *** |
| 2394.46 | Support* | 2388.87 * | 2386.05 ** | 2377.64 *** |
Weekly forecast：
