EUR/USD
Trend Theme：EUR/USD eases back after misfire in EU PMI figures
Trend Review：
EUR/USD declined in one of its worst days in H2 2024.EU PMI figures broadly came in below expectations, while US PMIs also printed lower.Tuesday is set to be a quiet day on the Fiber front.
Today Advise：Bullish
Key Levels：
| PP | Resistance* | 1.1159* | 1.1206** | 1.1244*** |
| 1.1121 | Support* | 1.1073* | 1.1036** | 1.0988*** |
Weekly forecast：
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USD/JPY
Trend Theme：USD/JPY weakens near 143.50, focus on Fed’s Bowman speech
Trend Review：
USD/JPY loses ground around 143.55 in Tuesday’s early Asian session. Fed rate cut maintains bearish mood surrounding USD/JPY. BoJ policymakers tempered another hike speculation, which might cap the JPY’s upside; rising geopolitical risks could boost the JPY.
Today Advise：Bearish
Key Levels：
| PP | Resistance* | 144.32* | 145.04** | 145.61*** |
| 143.75 | Support* | 143.03* | 142.45** | 141.74*** |
Weekly forecast：
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WTI
Trend Theme：Crude Oil takes a stab at pivotal level for more upturn after US PMI’s
Trend Review：
Crude Oil advances higher after US PMI’s lead the way.European PMI data shows a substantial decline in Services and Manufacturing activity in the region. The US Dollar Index strengthens on Monday, with European investors heading into the safe haven Greenback.
Today Advise：Bullish
Key Levels：
| PP | Resistance* | 71.70* | 72.82** | 73.99*** |
| 70.53 | Support* | 69.41* | 68.24** | 67.11*** |
Weekly forecast：
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XAU/USD
Trend Theme：Gold steadies above $2,600 fueled by Fed rate cut odds
Trend Review：
Gold hits a new record high, driven by expectations of a Fed rate cut in November and falling US Treasury yields.Mixed US economic data reveals manufacturing weakness but services sector resilience, according to S&P Global Flash PMIs.Fed officials express caution about aggressive rate cuts, maintaining flexibility in policy while noting growing labor market risks.Rising tensions between Israel and Hezbollah heighten safe-haven appeal, potentially driving further demand for Gold.
Today Advise：Sideways
Key Levels：
| PP | Resistance* | 2637.80* | 2646.87** | 2658.81*** |
| 2625.86 | Support* | 2616.79* | 2604.85** | 2595.78*** |
Weekly forecast：
