Previous Week
US dollar was trading lower in the previous week despite hawkish rate cut by the Fed. The central bank cuts rates by 25 bps to 1.75% -2% as expected. Fed forecasts no further rate cuts in 2019 and 2020. US dollar index hits a low of 98.14 and is currently trading around 98.47.
Swiss franc performed well previous week after SNB kept its rates unchanged and lowered forecast of inflation and growth.
The precious metal showed a good recovery of more than $30 on an escalation of tension in the Middle East. Minor bullishness can be seen if it breaks above $1525 and is currently trading around $1514.73.
The Brent crude oil prices lost more than 8% after Saudi partially restored output after the attack but still trading $5 above pre-attack levels.
US 10 year bond yield declined more than 8% after a good recovery of more than 30% after hitting a 3-year low of 1.44%. It is currently trading at 1.723%. The yield curve inversion between US 10 year and 2-year has gone and spread narrowed to 2.6 bps from 7.5 bps.
Weekly Technical:
EURUSD:
Major trend reversal level- 1.1125
Near term support- 1.100/1.0920
Near term resistance – 1.1125/1.11750
USDJPY:
Major trend reversal level- 108.50
Near term support- 107.40/106.60
Near term resistance – 108.50/109.30
USDCHF
Major trend reversal level- 0.9980
Near term support- 0.9850/0.9770
Near term resistance – 0.9980/1.0030
USDCAD
Major trend reversal level- 1.3380
Near term support- 1.3300/1.3380
Near term resistance – 1.3180/1.3135
Gold
Major trend reversal level- $1480
Near term support- $1480/$1460
Near term resistance – $1525/$1555
WTI Crude
Major trend reversal level- $63.50
Near term support- $57.50/$56.08
Near term resistance – $60.50/$63.50
Major Economic events for the week
Germany flash manufacturing and services PMI - Monday (7:15 AM GMT)
US CB Consumer confidence - Tuesday (2:00 PM GMT)
US Final GDP -Thursday (12:30 PM GMT)
US Durable goods order m/m- Friday (12:30 PM GMT)
US Personal spending m/m - Friday (12:30 PM IST)


FxWirePro- Major Pair levels and bias summary
AUD/JPY Slips Below 112 as BOJ Intervention Sparks Bearish Momentum: Sell the Rallies
FxWirePro- Major Crypto levels and bias summary
Major FX Action Bias & US Market Sentiment: NZD/USD (Extremely Bullish) & AUD/USD (Bullish) Watchlist
US Magnificent 7 Stocks Trend Score: Amazon & Microsoft Hit Extreme Bullish (+100) as Meta Drops to -100 — Key Resistance & Support Watchlist
Nikkei Surges Past 65,000 on Suspected Yen Weakness: Tech Giants Like Advantest and NEC Lead Explosive Gains
FxWirePro: USD/ZAR gains as stronger dollar outweighs upbeat South Africa's trade surplus
FxWirePro: USD/CNY dips to hit three year low,scope for further downside
NZDJPY Retreats on Yen Strength – Bearish Setup Targets 90 After Hitting 92.75 Low
AUDJPY Volatile After Massive Sell-Off: Sell Rallies at 113, Targeting 110 as Bearish Momentum Surges
FxWirePro: AUD/USD gains some ground but outlook is bearish
FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support
FxWirePro:USD/JPY climbs back above 160.00 after BOJ rate decision
Major European Indices Score Extremely Bullish: DAX Eyes 26000, CAC Targets 8600, FTSE100 at 11000 – Key Levels to Watch
FxWirePro- Woodies pivot (Major)
FxWirePro: GBP/AUD drifts lower after BOE rate decision
FxWirePro- Major Crypto levels and bias summary 



