UBS Projects Mixed Market Outlook for 2025 Amid Trump Policy Uncertainty 
Moldova Criticizes Russia Amid Transdniestria Energy Crisis 
Urban studies: Doing research when every city is different 
Gold Prices Slide as Rate Cut Prospects Diminish; Copper Gains on China Stimulus Hopes 
China’s Growth Faces Structural Challenges Amid Doubts Over Data 
U.S. Stocks vs. Bonds: Are Diverging Valuations Signaling a Shift? 
Bank of America Posts Strong Q4 2024 Results, Shares Rise 
S&P 500 Relies on Tech for Growth in Q4 2024, Says Barclays 
Lithium Market Poised for Recovery Amid Supply Cuts and Rising Demand 
Indonesia Surprises Markets with Interest Rate Cut Amid Currency Pressure 
Wall Street Analysts Weigh in on Latest NFP Data 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Stock Futures Dip as Investors Await Key Payrolls Data 
UBS Predicts Potential Fed Rate Cut Amid Strong US Economic Data 
European Stocks Rally on Chinese Growth and Mining Merger Speculation 
Goldman Predicts 50% Odds of 10% U.S. Tariff on Copper by Q1 Close 
US Futures Rise as Investors Eye Earnings, Inflation Data, and Wildfire Impacts 
The US dollar index gained momentum after upbeat US economic data. The S&P Global flash US manufacturing PMI surged to 51.50 in Feb, the highest level since September 2022, compared to forecasts of 50.50. While flash services PMI declined to 51.3 in Feb from the previous month 52.50. It hit a high of 104.12 yesterday and is currently trading around 103.91.
According to the CME Fed watch tool, the probability of a no-rate cut in Mar increased to 97.50% from 90% a week ago.
The US 10-year yields hit a multi-week high on the strong flash manufacturing PMI. The US 10 and 2-year spread narrowed to -38.3% from -53%.
Major resistance- 104.25/105
Major support- 103/102.
EURUSD-
EURUSD pared some of its gains after the dismal German PMI. The HCOB German Flash Composite Purchasing Managers' Index (PMI) declines to 46.1 in Feb vs. an Estimate of 45.50. Markets await the German Ifo business climate for further direction.
Major resistance-1.0880,1.0935
Major support- 1.0760,1.0700
Yen-
The pair holds above 150 on upbeat market sentiment. 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 sell-off despite strong retail sales. It came at 0.90% in Dec, above expectations of 0.80%.
Resistance- 1.3550,1.3600
Major support- 1.3435,1.3380
