USD/CAD
Trend Theme：USD/CAD struggles to gain ground near 1.3750 on higher crude oil prices, eyes on US PPI data.
Trend Review：The USD/CAD pair trades on a stronger note near 1.3740 during the Asian session on Tuesday. Traders prefer to wait on the sidelines ahead of key US data releases. The US Producer Price Index will take centre stage later in the day, along with the speech by the Federal Reserve’s Raphael W. Bostic.
Today Advise：Bullish
Key Levels：
| PP | Resistance* | 1.37449 * | 1.37464 ** | 1.37494 *** |
| 1.37434 | Support* | 1.37419 * | 1.37404 ** | 1.37374 *** |
Weekly forecast：
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USD/JPY
Trend Theme：USD/JPY holds recovery gains above 147.00 ahead of US PPI data.
Trend Review：USD/JPY is clinging to recovery gains in the Asian session on Tuesday. The renewed US Dollar upside offers a fresh lift to the pair, as risk sentiment falters amid looming Middle East geopolitical risks. The focus now shifts to the US PPI inflation data.
Today Advise：Bearish
Key Levels：
| PP | Resistance* | 147.555 * | 147.655 ** | 147.902 *** |
| 147.408 | Support* | 147.308 * | 147.161 ** | 146.914 *** |
Weekly forecast：
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WTI
Trend Theme：Worried about the escalation of the Middle East war, oil prices jumped more than 3% to a three-week high, focusing on the 100-day moving average resistance.
Trend Review：Oil prices jumped more than 3% on Monday, rising for the fifth consecutive trading day and hitting a new high since July 19, as the market expected that the expansion of the conflict in the Middle East may lead to tight global crude oil supply. If U.S. crude oil can break through the resistance near the 100-day moving average of 80.22, it is expected to rise to the July high of 84.52.
Today Advise：Bullish
Key Levels：
| PP | Resistance* | 78.437 * | 78.53 ** | 78.712 *** |
| 78.348 | Support* | 78.255 * | 78.166 ** | 77.984 *** |
Weekly forecast：
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XAU/USD
Trend Theme：Gold price eyes all-time peak on safe-haven demand, ahead of US inflation data.
Trend Review：Gold price remains close to the record high touched in July amid safe-haven flows led by rising geopolitical tensions and bets for larger interest rate cuts by the Fed, which continues to act as a headwind for the USD. However, the risk-on mood might cap the upside for the XAU/USD.
Today Advise：Bullish
Key Levels：
| PP | Resistance* | 2471.21 * | 2478.78 ** | 2491.57 *** |
| 2465.99 | Support* | 2458.42 * | 2453.2 ** | 2440.41 *** |
Weekly forecast：
