EUR/USD
Trend Theme：EUR/USD dips as German inflation falls, ECB rate cut looms
Trend Review：
German HICP inflation falls to 2%, increasing the likelihood of further ECB rate cuts and downward revisions to growth forecasts.ECB expected to lower rates by 25 bps while maintaining a restrictive policy stance to combat inflation risks.US CPI data could influence Fed rate expectations, with a 70% chance of a 25 bps cut and 30% for a 50 bps cut.
Today Advise：Bullish
Key Levels：
| PP | Resistance* | 1.1041* | 1.1063** | 1.1076*** |
| 1.1028 | Support* | 1.1007* | 1.0993** | 1.0972*** |
Weekly forecast：
————————————————————————————————-
USD/JPY
Trend Theme：USD/JPY steadies above YTD low as US inflation takes centre stage
Trend Review：
USD/JPY trades sideways near 143.00 with a focus on the US inflation data for August.The US inflation data will influence market expectations for the Fed interest rate cut path.Investors see the BoJ hiking interest rates further in the remainder of the year.
Today Advise：Bearish
Key Levels：
| PP | Resistance* | 143.38* | 144.31** | 144.90*** |
| 142.79 | Support* | 141.86* | 141.27** | 140.34*** |
Weekly forecast：
————————————————————————————————-
WTI
Trend Theme：OPEC lowers its demand outlook, oil prices record lowest closing price in nearly three years, pay attention to the US election debate
Trend Review：
International oil prices remained weak, hovering at a one-year low, with U.S. crude oil currently trading around $66.19 per barrel and Brent crude oil currently trading around $69.57 per barrel. Brent crude futures closed at their lowest level since December 2021 on Tuesday after OPEC+ lowered its demand forecast for this year and 2025, overshadowing supply concerns caused by Tropical Storm Francine.
Today Advise：Bullish
Key Levels：
| PP | Resistance* | 67.93* | 70.06** | 71.65*** |
| 66.34 | Support* | 64.20* | 62.62** | 60.48*** |
Weekly forecast：
—————————————————————————————————
XAU/USD
Trend Theme：Gold price edges higher as traders eye US inflation and debate
Trend Review：
Gold price increases as US Treasury yields drop and the US Dollar weakens.Traders await US CPI data; Fed rate cut odds are 67% for a 25 bps reduction and 33% for 50 bps.Focus shifts to the first US presidential debate, potentially impacting market sentiment ahead of election.
Today Advise：Bullish
Key Levels：
| PP | Resistance* | 2523.40* | 2530.09** | 2541.68*** |
| 2511.81 | Support* | 2505.12* | 2493.53** | 2486.84*** |
Weekly forecast：
