NZDJPY Retreats on Yen Strength – Bearish Setup Targets 90 After Hitting 92.75 Low 
FxWirePro: GBP/AUD drifts lower after BOE rate decision 
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 
FxWirePro- Major Pair levels and bias summary 
FxWirePro- Woodies pivot (Major) 
FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support 
FxWirePro:USD/JPY climbs back above 160.00 after BOJ rate decision 
JPY Currency Meter Signals: NZDJPY Bullish (+25) vs CHFJPY (-100) – These Pairs Could Move Next 
FxWirePro: USD/CAD retreats after Canada posts stronger-than-expected GDP growth 
FxWirePro: EUR/ AUD dips below 1.6400 level, focus on near term support 
FxWirePro: USD/CNY dips to hit three year low,scope for further downside 
AUDJPY Volatile After Massive Sell-Off: Sell Rallies at 113, Targeting 110 as Bearish Momentum Surges 
FxWirePro: GBP/AUD bears maintain upper hand 
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)
