Moody's Upgrades Argentina's Credit Rating Amid Economic Reforms 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Stock Futures Dip as Investors Await Key Payrolls Data 
China's Refining Industry Faces Major Shakeup Amid Challenges 
U.S. Stocks vs. Bonds: Are Diverging Valuations Signaling a Shift? 
UBS Predicts Potential Fed Rate Cut Amid Strong US Economic Data 
Goldman Predicts 50% Odds of 10% U.S. Tariff on Copper by Q1 Close 
Global Markets React to Strong U.S. Jobs Data and Rising Yields 
Oil Prices Dip Slightly Amid Focus on Russian Sanctions and U.S. Inflation Data 
Lithium Market Poised for Recovery Amid Supply Cuts and Rising Demand 
China’s Growth Faces Structural Challenges Amid Doubts Over Data 
Wall Street Analysts Weigh in on Latest NFP Data 
Bank of America Posts Strong Q4 2024 Results, Shares Rise 
US Futures Rise as Investors Eye Earnings, Inflation Data, and Wildfire Impacts 
U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures 
Indonesia Surprises Markets with Interest Rate Cut Amid Currency Pressure 
S&P 500 Relies on Tech for Growth in Q4 2024, Says Barclays 
The US dollar index declined slightly due to profit booking. Fed member Loretta Mester said that the central bank would lower rates "later this year". "It would be a mistake to move rates down too soon or too quickly without sufficient evidence that inflation is on a sustainable and timely path back to 2%. It hit a low of 104.06 and is currently trading around 104.13
According to the CME Fed watch tool, the probability of a no-rate cut in Mar increased to 78.50% from 58.80% a week ago.
The US 10-year yield pared some of its gains despite strong US economic data. The US 10 and 2-year spread narrowed to -30% from -53%.
Major resistance- 104.60/106
Major support- 103.60/102.90.
EURUSD-
EURUSD showed a minor pullback ahead of German data. German factory orders surged to 8.9% in Dec, compared to a forecast of -0.10%. Markets await German industrial production.
Major resistance-1.0780,1.0850
Major support- 1.072,1.06600
Yen-
The yen lost its shine due to a delay in rate cut. Any break above 150 confirms further bullishness.
Major Resistance- 150,152
Major support- 148,146.50
Canadian Dollar
The Canadian dollar gained momentum after upbeat Canada Ivey PMI data. It hits a 9-month high at 56.50 vs. a Forecast of 55.
Resistance- 1.3550,1.3660
Major support- 1.3435,1.3300
