Gold Prices Slide as Rate Cut Prospects Diminish; Copper Gains on China Stimulus Hopes 
Moldova Criticizes Russia Amid Transdniestria Energy Crisis 
Indonesia Surprises Markets with Interest Rate Cut Amid Currency Pressure 
S&P 500 Relies on Tech for Growth in Q4 2024, Says Barclays 
European Stocks Rally on Chinese Growth and Mining Merger Speculation 
Oil Prices Dip Slightly Amid Focus on Russian Sanctions and U.S. Inflation Data 
Wall Street Analysts Weigh in on Latest NFP Data 
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 
Trump’s "Shock and Awe" Agenda: Executive Orders from Day One 
Fed May Resume Rate Hikes: BofA Analysts Outline Key Scenarios 
China's Refining Industry Faces Major Shakeup Amid Challenges 
U.S. Stocks vs. Bonds: Are Diverging Valuations Signaling a Shift? 
US Futures Rise as Investors Eye Earnings, Inflation Data, and Wildfire Impacts 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Stock Futures Dip as Investors Await Key Payrolls Data 
China’s Growth Faces Structural Challenges Amid Doubts Over Data 
The US dollar index pared some of its gains despite the hawkish Fed minutes. The latest FOMC minutes show that the central bank is not planning to go for an early rate cut until inflation cools down. "Most participants noted the risks of moving too quickly to ease the stance of policy and emphasized the importance of carefully assessing incoming data in judging whether inflation is moving down sustainably to 2 percent," the minutes stated. It hit a low of 103.79 yesterday and is currently trading around 103.92.
According to the CME Fed watch tool, the probability of a no-rate cut in Mar increased to 93.50% from 90% a week ago.
The US 10-year yields traded flat ahead of the US flash manufacturing PMI. The US 10 and 2-year spread narrowed to -34.2% from -53%.
Major resistance- 105/106
Major support- 103.80/103.
EURUSD-
EURUSD showed a minor pullback after the Fed maintained its hawkish stance. Markets await Euro and German flash manufacturing PMI on Thursday and FOMC meeting minutes for further direction.
Major resistance-1.0850,1.0935
Major support- 1.0760,1.0700
Yen-
The pair gained above 150 on the policy divergence between the US Fed and BOJ. Any break below 149.50 confirms minor weakness.
Major Resistance- 151,152
Major support- 148,146.50
Canadian Dollar
The Canadian dollar showed a minor pullback on strong crude oil prices. Market eyes Canadian retail sales data for further movement.
Resistance- 1.3550,1.3600
Major support- 1.3435,1.3380
