EUR/USD

Trend Theme:EUR/USD extends backslide as Greenback catches Friday bid
Trend Review:
EUR/USD trimmed to the downside on Friday, extending into a three day down streak.EU inflation brought no surprises, US PCE inflation kept rate bets on balance.Coming up next week: Last US NFP jobs data print before next Fed rate call.
Today Advise:Bearish
Key Levels:
| PP | Resistance* | 1.10514* | 1.10541** | 1.10617*** |
| 1.10465 | Support* | 1.10438* | 1.10389** | 1.10313*** |
Weekly forecast:

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USD/JPY

Trend Theme:USD/JPY Price Forecast: Soars past 146.00 boosted by US yields
Trend Review:
USD/JPY maintains a downward bias, needing to break key resistances for a bullish shift.Short-term buyer momentum faces obstacles at 146.93 and 148.46, with an eye on the 149.39 peak.Mixed RSI signals suggest short-term buyer dominance but an unclear broader trend.A drop below 145.39 could trigger further losses, with supports at 143.44 (August 26 low) and 141.69 (August 5 low).
Today Advise:Bullish
Key Levels:
| PP | Resistance* | 146.5* | 146.632** | 146.852*** |
| 146.412 | Support* | 146.28* | 146.192** | 145.972*** |
Weekly forecast:

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WTI

Trend Theme:Crude Oil snaps support after OPEC sources confirm gradual reopening of production
Trend Review:
Crude Oil sinks near 3% after OPEC headlines on output hikes.The Libyan outage could still cause concerns about supply in the short term. The US Dollar Index trades above 101.00 ahead of July’s PCE inflation release.
Today Advise:Bullish
Key Levels:
| PP | Resistance* | 72.763* | 72.817** | 72.967*** |
| 72.667 | Support* | 72.613* | 72.517** | 72.367*** |
Weekly forecast:

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XAU/USD

Trend Theme:Gold Price Forecast: XAU/USD drifts lower to near $2,500 on firmer US Dollar
Trend Review:
Gold price trades in negative territory around $2,500 in Monday’s early Asian session.The US Core PCE inflation remains unchanged at 2.6%, matching June’s increase, below the consensus of 2.7%. Any signs of a Chinese sluggish economy might weigh on the Gold price.
Today Advise:Bullish
Key Levels:
| PP | Resistance* | 2503.52* | 2504.17** | 2505.43*** |
| 2502.91 | Support* | 2502.26* | 2501.65** | 2500.39*** |
Weekly forecast:

