US Futures Rise as Investors Eye Earnings, Inflation Data, and Wildfire Impacts 
Bank of America Posts Strong Q4 2024 Results, Shares Rise 
Oil Prices Dip Slightly Amid Focus on Russian Sanctions and U.S. Inflation Data 
China’s Growth Faces Structural Challenges Amid Doubts Over Data 
US Gas Market Poised for Supercycle: Bernstein Analysts 
Moody's Upgrades Argentina's Credit Rating Amid Economic Reforms 
2025 Market Outlook: Key January Events to Watch 
U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures 
Gold Prices Slide as Rate Cut Prospects Diminish; Copper Gains on China Stimulus Hopes 
UBS Projects Mixed Market Outlook for 2025 Amid Trump Policy Uncertainty 
U.S. Banks Report Strong Q4 Profits Amid Investment Banking Surge 
Wall Street Analysts Weigh in on Latest NFP Data 
European Stocks Rally on Chinese Growth and Mining Merger Speculation 
Trump’s "Shock and Awe" Agenda: Executive Orders from Day One 
U.S. Stocks vs. Bonds: Are Diverging Valuations Signaling a Shift? 
Moldova Criticizes Russia Amid Transdniestria Energy Crisis 
The US dollar index pared some of its gains after US CPI data. Headline CPI came in line with expectations at 3.1%. On a monthly basis, headline CPI rose 0.10% m/m while core CPI surged 0.30% mom. Markets eye US Fed monetary policy for further movement.
Major resistance- 104.30,105
Major support- 103.25/102.40.
EURUSD-
EURUSD is trading in a narrow range ahead of Fed policy. Markets will watch for Fed dot plot and economic projections for further clarity. German ZEW economic sentiment rose to 12.8 in Dec, compared to a forecast of 8.8%.
Major resistance- 1.0830,1.09000
Major support- 1.0750,1.0660
Yen-
The Japanese Yen remains directionless ahead Fed funds rate. Japan's Tankan's manufacturing index rose to 12 vs. an estimate of 10.
Major Resistance- 146.60,148
Major support- 144.80, 143
Pound sterling
The pound sterling trades flat ahead of UK GDP data. The claimant count change in the UK declined -11.2k compared to a forecast of -12.4k. The unemployment rate remained steady at 3.7% below expectations of 3.8%. Markets eye US Fed and BOE monetary policy for further movement.
Canadian dollar -
USDCAD showed a minor pullback due to declining oil prices. Investors await Crude oil inventories data today. Major resistance- 1.36250/1.3660. Major support- 1.3540/1.3475.
Economic calendar -
Dec 12th, 2023, UK GDP (7 am GMT)
US PPI m/m (1:30 pm GMT)
US federal funds rate(7 pm GMT)
