EUR/USD
Trend Theme：EUR/USD rises to near 1.1200 due to dovish Fed’s Powell
Trend Review：
EUR/USD gains ground due to rising expectations of a Fed rate cut in September.Fed Chair Powell stated at the Jackson Hole Symposium, “The time has come for policy to adjust.”ECB official Olli Rehn stated that the recent slowdown in inflation bolsters the case for a rate cut next month.
Today Advise：Bearish
Key Levels：
| PP | Resistance* | 1.11962* | 1.11989** | 1.12063*** |
| 1.11915 | Support* | 1.11888* | 1.11841** | 1.11767*** |
Weekly forecast：
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USD/JPY
Trend Theme：USD/JPY may trade higher on Powell’s cautious tone – ING
Trend Review：
The Japanese Yen (JPY) enters today’s risk event with decent momentum, having appreciated over 2% in the past seven days, ING’s FX strategist Francesco Pesole notes.
Today Advise：Bullish
Key Levels：
| PP | Resistance* | 143.912* | 144.186** | 144.598*** |
| 143.774 | Support* | 143.5* | 143.362** | 142.95*** |
Weekly forecast：
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WTI
Trend Theme：Crude oil trading reminder: Oil prices continue to rise to a one-week high, affected by concerns about escalating conflicts in the Middle East and expectations of US interest rate cuts
Trend Review：
Oil prices extended their gains on Monday (August 26) as markets worried that the spread of the Gaza conflict to the Middle East could disrupt oil supplies in the region, while the upcoming U.S. interest rate cut boosted the outlook for the global economy and fuel demand. October Brent crude futures rose 0.7% to $79.65 a barrel, the highest level since August 19. U.S. crude futures rose 0.8% to $75.47 a barrel. Brent crude futures closed up $1.80, or 2.33%, at $79.02 a barrel on Friday. U.S. crude futures closed up $1.82, or 2.49%, at $74.83 a barrel on Friday.
Today Advise：Sideways
Key Levels：
| PP | Resistance* | 75.32* | 75.37** | 75.5*** |
| 75.24 | Support* | 75.19* | 75.11** | 74.98*** |
Weekly forecast：
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XAU/USD
Trend Theme：Gold Price Forecast: XAU/USD extends upside above $2,500 as Fed hints at September rate cut
Trend Review：
Gold price gains momentum around $2,515 in Monday’s early Asian session. Fed’s Powell said “the time has come” for the US Fed to begin lowering interest rates. The escalating tensions in the Middle East might further boost safe-haven assets like Gold.
Today Advise：Bearish
Key Levels：
| PP | Resistance* | 2516.26* | 2517.34** | 2520.39*** |
| 2514.29 | Support* | 2513.21* | 2511.24** | 2508.19*** |
Weekly forecast：
