Trend Theme：EUR/USD reflects market tension around 1.0870 ahead of German GDP, Fed vs. ECB battle.
Trend Review：EUR/USD treads water around 1.0870-60 as markets remain on a dicey floor ahead of the key central bank meetings and data. Adding strength to the market’s indecision could be the return of China and fears of a softer growth number from Germany.
|PP||Resistance*||1.0898 *||1.0930 **||1.0960 ***|
|1.0868||Support*||1.0835 *||1.0805 **||1.0773 ***|
Trend Theme：USD/JPY bulls attack 130.40 resistance confluence.
Trend Review：USD/JPY prints mild gains as buyers muster the courage to overcome the key 130.40 resistance confluence during early Monday morning. The Yen pair defends the two-week rebound from the lowest levels since May 2022 while staying above a fortnight-old ascending trend line.
|PP||Resistance*||130.27 *||130.67 **||131.05 ***|
|129.89||Support*||129.49 *||129.11 **||128.71 ***|
Trend Theme：The EU failed to reach an agreement on Russia’s oil price ceiling, wary of increased risks of geopolitical uncertainty.
Trend Review：In early Asian trading on Monday, U.S. oil traded around $80.32 a barrel; oil prices closed flat to down for the week on Friday, as signs of strong Russian oil supply offset better-than-expected U.S. economic growth data and middle distillate refining Strong profit margins and hopes for a quick recovery in Chinese demand; the European Union failed to reach an agreement on a price cap for Russian refined oil over the weekend, and geopolitical tensions still support oil prices.
|PP||Resistance*||81.68 *||83.82 **||85.08 ***|
|80.41||Support*||78.27 *||77.01 **||74.87 ***|
Trend Theme：Gold senses hurdles around $1,930 as market mood sours, yields extend gains.
Trend Review：Gold price (XAU/USD) has sensed barricades while attempting to cross the critical resistance of $1,930.00 in the Asian session. The precious metal has witnessed selling interest as investors are turning risk averse in the interest rate policy week.
|PP||Resistance*||1935.61 *||1944.54 **||1953.98 ***|
|1926.17||Support*||1917.24 *||1907.80 **||1898.87 ***|