US Futures Rise as Investors Eye Earnings, Inflation Data, and Wildfire Impacts 
U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
UBS Predicts Potential Fed Rate Cut Amid Strong US Economic Data 
UBS Projects Mixed Market Outlook for 2025 Amid Trump Policy Uncertainty 
Gold Prices Slide as Rate Cut Prospects Diminish; Copper Gains on China Stimulus Hopes 
Goldman Predicts 50% Odds of 10% U.S. Tariff on Copper by Q1 Close 
Indonesia Surprises Markets with Interest Rate Cut Amid Currency Pressure 
Bank of America Posts Strong Q4 2024 Results, Shares Rise 
Oil Prices Dip Slightly Amid Focus on Russian Sanctions and U.S. Inflation Data 
Stock Futures Dip as Investors Await Key Payrolls Data 
U.S. Banks Report Strong Q4 Profits Amid Investment Banking Surge 
Wall Street Analysts Weigh in on Latest NFP Data 
US Gas Market Poised for Supercycle: Bernstein Analysts 
China's Refining Industry Faces Major Shakeup Amid Challenges 
Mexico's Undervalued Equity Market Offers Long-Term Investment Potential 
Lithium Market Poised for Recovery Amid Supply Cuts and Rising Demand 
US dollar Index-
The US dollar index trades weak after dismal US non farm payroll data. It hit a low of 104.82 and is currently trading around 104.91.
The US economy added 206000 jobs in June, above the forecast of 191000. The unemployment rate remains at 4.1% vs. the Estimate of 4%. The Canadian economy lost 1400 jobs compared to a forecast of 25000 jobs. The unemployment rate ticked up to 6.4% vs.6.3%. The downward revision of Apr and May numbers confirms that the labor market is weak.
The weak US private employment and ISM manufacturing PMI increases the chance of a rate cut in Sep.
According to the CME Fed watch tool, the probability of a 25 bpbs rate cut in Sep increased to 70.80% from 57.90% a week ago.
Major resistance- 106.20/107
Major support- 105.20/104.45
EURUSD-
EURUSD showed a minor sell-off after the French exit poll. It hit a high of 1.08426 and is currently trading around 1.08274.
The French exit poll shows a hung parliament in France as the leftist new popular secured 174 seats and the Emsemble Alliance 146 seats.
Major resistance-1.0865,1.0900
Major support- 1.0760,1.0700
Yen-
The pair lost its shine on increasing demand for safe-haven assets. Any close below 160 confirms further bearishness.
Major Resistance- 162,163
Major support- 159.80,15
Canadian Dollar
The pair showed a minor pullback on weak Canadian jobs data. Any break below 1.3600 confirms further bearishness.
Resistance- 1.3660, 1.3725
Major support- 1.3600,1.3535
