EUR/USD
Trend Theme：EUR/USD grapples with higher ground as Fed cuts weigh on Greenback
Trend Review：
EUR/USD wrapped itself around the 1.1150 level on Thursday.Broad-market Greenback selling has thrown USD-based pairs into a bullish tilt.Euro data remains light, markets focused on Fed cut splurge.
Today Advise：Bullish
Key Levels：
| PP | Resistance* | 1.1204* | 1.1247** | 1.1314*** |
| 1.1136 | Support* | 1.1094* | 1.1026** | 1.0983*** |
Weekly forecast：
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USD/JPY
Trend Theme：Bank of Japan expected to stand pat, delaying further rate hikes towards year-end
Trend Review：
The Bank of Japan is anticipated to maintain its policy rate unchanged.Investors’ focus should remain on the bank’s rate path for the next few months.BoJ Governor Kazuo Ueda is seen sticking to the recent hawkish narrative.
Today Advise：Neutral
Key Levels：
| PP | Resistance* | 143.75* | 144.88** | 145.81*** |
| 142.82 | Support* | 141.69* | 140.76** | 139.63*** |
Weekly forecast：
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WTI
Trend Theme：Crude oil trading reminder: There is no hope for a ceasefire in the Middle East, Israel fiercely attacks Lebanon! Oil prices closed up more than 1% to a nearly two-week high
Trend Review：
International oil prices fluctuated in a narrow range, with U.S. crude oil futures for October currently trading around $72.01 per barrel. Oil prices continued their recent upward trend on Thursday, rising more than 1%. U.S. crude oil futures for October hit a two-week high of $72.49 per barrel and closed at $72.07 per barrel. The sharp interest rate cuts in the United States and the decline in global inventories overshadowed demand concerns. In addition, U.S. officials admitted that Biden could not achieve a ceasefire in Gaza, and Israel launched a fierce attack on Lebanon, which also provided support for oil prices.
Today Advise：Neutral
Key Levels：
| PP | Resistance* | 71.97* | 72.90** | 74.35*** |
| 70.52 | Support* | 69.59* | 68.14** | 67.22*** |
Weekly forecast：
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XAU/USD
Trend Theme：Gold rises as Fed cuts rates, signals start of easing cycle
Trend Review：
Gold prices surge following the Fed’s 50 bps rate cut, with officials citing inflation moving toward the 2% target.Fed Chair Powell signals labor market strength and cautious policy adjustments, stating no rush to normalize rates.US jobs data shows resilience, while rising US Treasury yields fail to support the Greenback, as the DXY drops 0.31% to 100.62.
Today Advise：Neutral
Key Levels：
| PP | Resistance* | 2604.13* | 2621.49** | 2648.03*** |
| 2577.59 | Support* | 2560.23* | 2533.69** | 2516.33*** |
Weekly forecast：
