European Stocks Rally on Chinese Growth and Mining Merger Speculation 
Goldman Predicts 50% Odds of 10% U.S. Tariff on Copper by Q1 Close 
Oil Prices Dip Slightly Amid Focus on Russian Sanctions and U.S. Inflation Data 
US Gas Market Poised for Supercycle: Bernstein Analysts 
U.S. Stocks vs. Bonds: Are Diverging Valuations Signaling a Shift? 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Stock Futures Dip as Investors Await Key Payrolls Data 
Energy Sector Outlook 2025: AI's Role and Market Dynamics 
Gold Prices Slide as Rate Cut Prospects Diminish; Copper Gains on China Stimulus Hopes 
China’s Growth Faces Structural Challenges Amid Doubts Over Data 
Urban studies: Doing research when every city is different 
UBS Projects Mixed Market Outlook for 2025 Amid Trump Policy Uncertainty 
U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures 
Global Markets React to Strong U.S. Jobs Data and Rising Yields 
Lithium Market Poised for Recovery Amid Supply Cuts and Rising Demand 
Bank of America Posts Strong Q4 2024 Results, Shares Rise 
Wall Street Analysts Weigh in on Latest NFP Data 
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The US dollar index showed a minor sell-off after weak US GDP data. The United States GDP grew at an annualized rate of 3.2% in Q4, missing market expectations of 3.3%. It hit a low of 103.839 at the time of writing and is currently trading around 103.846.
According to the CME Fed watch tool, the probability of a no-rate cut in Mar increased to 97.50% from 94% a week ago.
The US 10-year yields trade in a narrow range ahead of the US PCE. The US 10 and 2-year spread narrowed to -37.6% from -53%.
Major resistance- 104.25/105
Major support- 103/102.
Economic data for the day
US Core PCE index (1:30 pm GMT)
US initial jobless claims
Chicago PMI (2:45 pm GMT)
US pending home sales (3:00 pm GMT)
EURUSD-
EURUSD consolidating in a narrow range ahead of major US and eurozone economic data.
German Prelim CPI m/m
Major resistance-1.0880,1.0935
Major support- 1.0760,1.0700
Yen-
The yen gained momentum after hawkish comments from BOJ Takata. Any break below 149.50 confirms minor weakness.
Major Resistance- 151,152
Major support- 148,146.50
Canadian Dollar
The pair gained above 1.3550 despite strong crude oil prices. Markets eye Canada's GDP for further direction.
Resistance- 1.3600,1.3660
Major support- 1.3435,1.3380
