EUR/USD
Trend Theme：EUR/USD up almost a full percent this week ahead of Jackson Hole.
Trend Review：EUR/USD drove up 0.4% on Tuesday, breaching back above 1.1100 for the first time since last December, chalking in a fresh high for 2024. The pair has closed firmly in the green for three straight trading days, and is on pace to climb a full percent since Monday’s opening bids.
Today Advise：Bullish
Key Levels：
| PP | Resistance* | 1.11296 * | 1.11307 ** | 1.11338 *** |
| 1.11276 | Support* | 1.11265 * | 1.11245 ** | 1.11214 *** |
Weekly forecast：
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USD/JPY
Trend Theme：USD/JPY extends decline below 145.50 ahead of US PMI data.
Trend Review：The USD/JPY pair trades in negative territory near 145.35 for four consecutive days during the early Asian session on Wednesday. The softer US Dollar and expectation of a dovish message from Federal Reserve Chair Jerome Powell at Jackson Hole drag the pair lower.
Today Advise：Sideways
Key Levels：
| PP | Resistance* | 145.424 * | 145.557 ** | 145.769 *** |
| 145.345 | Support* | 145.212 * | 145.133 ** | 144.921 *** |
Weekly forecast：
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WTI
Trend Theme：Oil prices continue to fall as tensions in the Middle East ease and demand concerns persist, hitting a two-week low.
Trend Review：Oil prices fell about 1% on Tuesday to hit another two-week low as Israel accepted a proposal to resolve differences hindering a Gaza ceasefire, easing concerns about Middle East supplies, while economic weakness in Asia’s biggest economies also weighed on fuel demand.
Today Advise：Bullish
Key Levels：
| PP | Resistance* | 73.114 * | 73.16 ** | 73.26 *** |
| 73.06 | Support* | 73.014 * | 72.96 ** | 72.86 *** |
Weekly forecast：
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XAU/USD
Trend Theme：Gold flat lines above $2,500 amid weaker US Dollar, Fed rate cut expectations.
Trend Review：Gold price trades flat around $2,515 during the early Asian session on Wednesday. However, the weaker US Dollar and the expectation that the Federal Reserve will likely cut interest rates in September might underpin the yellow metal.
Today Advise：Bearish
Key Levels：
| PP | Resistance* | 2514.42 * | 2514.91 ** | 2516.36 *** |
| 2513.46 | Support* | 2512.97 * | 2512.01 ** | 2510.56 *** |
Weekly forecast：
