Urban studies: Doing research when every city is different 
European Stocks Rally on Chinese Growth and Mining Merger Speculation 
Stock Futures Dip as Investors Await Key Payrolls Data 
Fed May Resume Rate Hikes: BofA Analysts Outline Key Scenarios 
U.S. Stocks vs. Bonds: Are Diverging Valuations Signaling a Shift? 
Oil Prices Dip Slightly Amid Focus on Russian Sanctions and U.S. Inflation Data 
China's Refining Industry Faces Major Shakeup Amid Challenges 
U.S. Banks Report Strong Q4 Profits Amid Investment Banking Surge 
Moldova Criticizes Russia Amid Transdniestria Energy Crisis 
UBS Predicts Potential Fed Rate Cut Amid Strong US Economic Data 
S&P 500 Relies on Tech for Growth in Q4 2024, Says Barclays 
UBS Projects Mixed Market Outlook for 2025 Amid Trump Policy Uncertainty 
U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures 
Wall Street Analysts Weigh in on Latest NFP Data 
Geopolitical Shocks That Could Reshape Financial Markets in 2025 
Gold Prices Slide as Rate Cut Prospects Diminish; Copper Gains on China Stimulus Hopes 
Gold -
Ichimoku Analysis (4 hour chart)
Tenken-Sen- $1984.98
Kijun-Sen- $2006.54
Gold surged more than $40 on board-based US dollar selling. It hit a high of $2039.90 and is currently trading at around $2031.04.
Fed kept its rates unchanged as expected at 5.25-5.50%. "Recent indicators show that growth of economic activity has slowed in the third quarter of 2023 and easing inflation".
Major economic data for the day
Economic Data for the day -
Dec 14th, 2023, SNB monetary policy (8:30 am GMT)
BOE monetary policy summary (noon GMT)
ECB monetary policy (1:15 pm GMT)
US retail sales (1:30 pm GMT)
US dollar index- Bearish. Minor support around 102.40/101. The near-term resistance is 103.25/104.
According to the CME Fed watch tool, the probability of a 25 bpbs rate cut in Mar increased to 69.90% from 39.7% a day ago.
The US 10-year yield declined more than 5% after the dovish Fed policy. The US 10 and 2-year spread narrowed to -38% from -52%.
Factors to watch for gold price action-
Global stock market- Bullish (negative for gold)
US dollar index - Bearish (positive for gold)
US10-year bond yield- Bearish (Positive for gold)
Technical:
The near–term support is around $2020, a break below targets of $2000/$1970. The yellow metal faces minor resistance around $2050 and a breach above will take it to the next level of $2070/$2100.
It is good to buy on dips around $2015-16 with SL around $2000 for TP of $2150.
Silver-
Silver showed a massive jump of $1.50 on dovish comments from the Fed chairman. The precious metals are holding above 200 and 55 W EMA . A jump to $26/$27 is possible. Minor support is $23.20/$22.50.
Crude oil-
WTI crude formed a triple bottom around the $66.50 level and showed a minor pullback after crude oil inventories. It fell by 2.3 M barrels for the week ended Dec 8th compared to 549000 barrels.
Major resistance- $75/80. Significant support- $66.50/$63.
