FxWirePro: USD/ZAR edges higher, set to stay on back foot 
FxWirePro- Woodies pivot (Major) 
FxWirePro: USD/ZAR bears maintain upper hand 
FxWirePro: EUR/AUD loses upside momentum but outlook is bullish 
FxWirePro: EUR/ NZD uptrend loses steam, remains on bullish path 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro: GBP/NZD stuck in range but outlook is bullish 
GBPJPY Coil Tightens: Is a Bullish Break Above 215.60 Imminent? 
Ethereum Cracks Under $1,700: Sell the Rally Near $1,750 as Bears Eye $1,380–$1,200 
Dollar Roars Back: USDCHF Buy-the-Dip Setup Eyes 0.8150 as Inflation Shock Kills Rate-Cut Bets 
FxWirePro: GBP/AUD eases on Geopolitical whipsaw 
FxWirePro: USD/ CNY falls towards 6.750, bears keep the advantage 
FxWirePro- Woodies pivot (Major) 
Sell the Bounce: NZDJPY Bearish Bias Persists Below 94.20, Eyes 90.50 
CAD/JPY Breaks Down: Loonie Weakness and BOC Patience Set Bears’ Sights on 110 
Relief Rally Extends to 112.75, but AUDJPY EMA Structure Favors Selling 
Previous Week
US dollar continues to trade lower for 2nd consecutive week and lost more than 50 pips from close of 98.84. The decline was mainly due to the worst US economic data and easing trade tension between US-China. It is currently trading around 98.40.
The US has agreed to suspend its next tariff hike on Chinese imports of $250 billion and China to buy American farm products such as Soybean and Pork worth $40-$50 billion. On the data front, US CPI came slightly weaker than expected and Fed meeting minutes confirm the chance of rate cut in the next policy decision.
The precious metal lost its shine on easing geopolitical uncertainty and rising bond yield. It is hovering around $1480 level.
The Brent crude oil prices have halted its 2-1/2 week of weakness and shown a minor recovery of more than $3. It is currently trading around $59.70.
US 10 year bond yield was the best performer previous week and jumped more than 15% from low of 1.502%. It is currently trading at 1.518%. The yield curve inversion between US 10 year and 2-year has gone and spread widened to 14 bps from 2 bps.
Weekly Technical:
EURUSD:
Major trend reversal level- 1.1085
Near term support- 1.100/1.0900
Near term resistance – 1.1085/1.1140
USDJPY:
Major trend reversal level- 109.30
Near term support- 107.80/106.40
Near term resistance – 108.65/109.31
USDCHF
Major trend reversal level- 1.0030
Near term support- 0.9900/0.97700
Near term resistance – 1.0030/10060
USDCAD
Major trend reversal level- 1.3135
Near term support- 1.3135/1.3070
Near term resistance – 1.3235/1.3300
Gold
Major trend reversal level- $1460
Near term support- $1480/$1460
Near term resistance – $1525/$1555
WTI Crude
Major trend reversal level- $57.05
Near term support- $50/$46
Near term resistance – $55.55/$57.05
Major Economic events for the week
US retail sales- Wednesday (12:30 GMT)
Canadian CPI m/m - Wednesday (12:30 PM GMT)
Canada Manufacturing sales - Thursday (12:30 GMT)
US Philly Fed Manufacturing Index -Thursday (12:30 PM GMT)
