U.S. Stocks vs. Bonds: Are Diverging Valuations Signaling a Shift? 
Global Markets React to Strong U.S. Jobs Data and Rising Yields 
Bank of America Posts Strong Q4 2024 Results, Shares Rise 
China's Refining Industry Faces Major Shakeup Amid Challenges 
US Gas Market Poised for Supercycle: Bernstein Analysts 
Moldova Criticizes Russia Amid Transdniestria Energy Crisis 
Energy Sector Outlook 2025: AI's Role and Market Dynamics 
U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures 
European Stocks Rally on Chinese Growth and Mining Merger Speculation 
Moody's Upgrades Argentina's Credit Rating Amid Economic Reforms 
UBS Predicts Potential Fed Rate Cut Amid Strong US Economic Data 
Mexico's Undervalued Equity Market Offers Long-Term Investment Potential 
Goldman Predicts 50% Odds of 10% U.S. Tariff on Copper by Q1 Close 
Stock Futures Dip as Investors Await Key Payrolls Data 
Wall Street Analysts Weigh in on Latest NFP Data 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Oil Prices Dip Slightly Amid Focus on Russian Sanctions and U.S. Inflation Data 
The US dollar index trading flat despite weak US ISM services PMI. It came at 52.6 in Feb compared to a forecast of 53. It hit a low of 103.58 and is currently trading around 103.80.
According to the CME Fed watch tool, the probability of a no-rate cut in Mar decreased to 97% from 98% a week ago.
The US 10-year yields declined more than 5% after hitting a multi-month high. The US 10 and 2-year spread narrowed to -40 from -53%.
Major resistance- 104.25/105
Major support- 103/102.
Economic data for the day
Mar 6th, 2024, Fed Powell testimony (3 pm GMT)
EURUSD-
EURUSD consolidated in a narrow range between 1.07958 and 1.08761 for the past three days. Germany's services PMI rose to 48.3 in Feb, from 47.70 in Jan, above the forecast of 48.20. Major European economic data
German retail sales
German Trade balance
Major resistance-1.0880,1.0935
Major support- 1.0760,1.0700
Yen-
The pair showed a major sell-off due to BOJ policy uncertainty. The policy divergence between the US Fed and BOJ supports the pair at lower levels. Any break below 149.50 confirms minor bearishness.
Major Resistance- 151,152
Major support- 149.50,148
Canadian Dollar
The pair gained slightly ahead of BOC's monetary policy. Any dovish rate pause will push USDCAD further up.
Resistance- 1.3600,1.3660
Major support- 1.3500,1.3435
