S&P 500 Relies on Tech for Growth in Q4 2024, Says Barclays 
Geopolitical Shocks That Could Reshape Financial Markets in 2025 
China’s Growth Faces Structural Challenges Amid Doubts Over Data 
Stock Futures Dip as Investors Await Key Payrolls Data 
U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures 
US Futures Rise as Investors Eye Earnings, Inflation Data, and Wildfire Impacts 
Indonesia Surprises Markets with Interest Rate Cut Amid Currency Pressure 
UBS Projects Mixed Market Outlook for 2025 Amid Trump Policy Uncertainty 
Trump’s "Shock and Awe" Agenda: Executive Orders from Day One 
US Gas Market Poised for Supercycle: Bernstein Analysts 
2025 Market Outlook: Key January Events to Watch 
Goldman Predicts 50% Odds of 10% U.S. Tariff on Copper by Q1 Close 
UBS Predicts Potential Fed Rate Cut Amid Strong US Economic Data 
Moody's Upgrades Argentina's Credit Rating Amid Economic Reforms 
U.S. Banks Report Strong Q4 Profits Amid Investment Banking Surge 
Energy Sector Outlook 2025: AI's Role and Market Dynamics 
Moldova Criticizes Russia Amid Transdniestria Energy Crisis 
The US dollar index showed a minor sell-off ahead of Fed monetary policy. The central bank expects to keep rates at current levels. Markets eye hints about the timings of rate cuts and how many rate cuts will happen in 2024. Any hawkish rate pause will push the US dollar index higher. It hit a low of 103.80 yesterday and is currently trading around 103.85.
According to the CME Fed watch tool, the probability of a no-rate cut in Mar decreased to 99% from 98% a week ago.
The US 10-year yields trading flat ahead of Fed monetary policy. The US 10 and 2-year spread narrowed to -39.40% from -53%.
Major resistance- 104.25/105
Major support- 102.70/102.
EURUSD-
EURUSD jumped slightly after upbeat German economic data. The headline German ZEW economic sentiment surged to 31.70 in Mar from 19.90 in Feb. Major Eurozone economic data today
Mar 20th, 2024, ECB president Lagarde speech (8:45 am GMT)
Major resistance-1.09500,1.100
Major support- 1.0800,1.0760
Yen-
The yen pared most of its gains despite BOJ's historic rate hike in 17 years. Any break above 152 confirms minor bullishness.
Major Resistance- 152,153
Major support- 150,148.50
Canadian Dollar
The Canadian dollar declined sharply after weak Canadian CPI data. According to Statistics Canada, annual inflation dropped to 2.8% in Feb, compared to a forecast of 3.1%.
Resistance- 1.3660,1.3700
Major support- 1.3570,1.3500
