Gold Prices Slide as Rate Cut Prospects Diminish; Copper Gains on China Stimulus Hopes 
Fed May Resume Rate Hikes: BofA Analysts Outline Key Scenarios 
Moody's Upgrades Argentina's Credit Rating Amid Economic Reforms 
Wall Street Analysts Weigh in on Latest NFP Data 
Mexico's Undervalued Equity Market Offers Long-Term Investment Potential 
US Futures Rise as Investors Eye Earnings, Inflation Data, and Wildfire Impacts 
Lithium Market Poised for Recovery Amid Supply Cuts and Rising Demand 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
UBS Predicts Potential Fed Rate Cut Amid Strong US Economic Data 
Oil Prices Dip Slightly Amid Focus on Russian Sanctions and U.S. Inflation Data 
European Stocks Rally on Chinese Growth and Mining Merger Speculation 
Moldova Criticizes Russia Amid Transdniestria Energy Crisis 
Indonesia Surprises Markets with Interest Rate Cut Amid Currency Pressure 
Stock Futures Dip as Investors Await Key Payrolls Data 
U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures 
Global Markets React to Strong U.S. Jobs Data and Rising Yields 
2025 Market Outlook: Key January Events to Watch 
The US dollar index lost its shine on easing geopolitical tension. It hit a low of 105.85 at the time of writing and is currently trading around 105.89.
Fed Cleveland president Mester said that We Want To Get More Information Before We Can Say Inflation Is On A Sustainable Path To 2% and current inflation is higher than expected.
According to the CME Fed watch tool, the probability of a no-rate cut in June increased to 83.2% from 82.7% a day ago.
Major resistance- 106.50/107
Major support- 105.35/104.45
Economic data for the day
US Philly Fed Manufacturing Index (12:30 pm GMT)
US unemployment claims (12:30 pm GMT)
EURUSD-
EURUSD halted its one-week bearish trend and showed a minor pullback. ECB executive board member Piero Cipollone said "If the incoming data in June and July confirm that confidence about the target improves, it will be appropriate to remove some restrictive measures imposed in 2023.
Major resistance-1.0700,1.0760
Major support- 1.0600,1.0500
Yen-
The pair showed a minor decline on BOJ Fx intervention. Any break above 155 confirms minor bullishness.
Major Resistance- 155,156
Major support- 153.70,152.68
Canadian Dollar
The Canadian dollar gained momentum despite strong crude oil prices. Any break below 1.3750 confirms further bearishness
Resistance- 1.3865,1.3950
Major support- 1.3750,1.3700
