The US dollar index pared some of its gains ahead of US durable goods orders. It hit a high of 104.47 yesterday and is currently trading around 104.21.
Sales of New US homes declined unexpectedly in Feb to 662000 units compared to a forecast of 675k.
According to the CME Fed watch tool, the probability of a 25 bpbs rate cut in June % increased to 64.2% from 50% a week ago.
The US 10-year yields halted their one-week bearish trend ahead of US economic data. The US 10 and 2-year spread narrowed to -34% from -53%.
Major resistance- 104.50/106
Major support- 103.40/102.70
EURUSD-
EURUSD trading in a narrow range of 1.08017 and 1.08456 in the past two days. Fed Atlanta President Raphael Bostic predicts only one rate cut this year. Eurozone economic data today
Mar 26th, 2024, German GfK consumer climate (7 am GMT)
Major resistance-1.0880,1.0950
Major support- 1.0800,1.0760
Yen-
The pair showed a minor decline as the market feared Japanese authorities' intervention in th Fx markets. Any break above 152 confirms minor bullishness.
Major Resistance- 152,153
Major support- 150,149
Canadian Dollar
The Canadian dollar recovered slightly on strong crude oil prices.
Resistance- 1.3620,1.3660
Major support- 1.3550,1.3500


Indonesia Surprises Markets with Interest Rate Cut Amid Currency Pressure
2025 Market Outlook: Key January Events to Watch
Geopolitical Shocks That Could Reshape Financial Markets in 2025
UBS Predicts Potential Fed Rate Cut Amid Strong US Economic Data
China's Refining Industry Faces Major Shakeup Amid Challenges
Energy Sector Outlook 2025: AI's Role and Market Dynamics
US Futures Rise as Investors Eye Earnings, Inflation Data, and Wildfire Impacts
Mexico's Undervalued Equity Market Offers Long-Term Investment Potential
Lithium Market Poised for Recovery Amid Supply Cuts and Rising Demand
US Gas Market Poised for Supercycle: Bernstein Analysts
U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures
U.S. Stocks vs. Bonds: Are Diverging Valuations Signaling a Shift?
S&P 500 Relies on Tech for Growth in Q4 2024, Says Barclays
Oil Prices Dip Slightly Amid Focus on Russian Sanctions and U.S. Inflation Data
Goldman Predicts 50% Odds of 10% U.S. Tariff on Copper by Q1 Close
Bank of America Posts Strong Q4 2024 Results, Shares Rise
China’s Growth Faces Structural Challenges Amid Doubts Over Data 



