U.S. Stocks vs. Bonds: Are Diverging Valuations Signaling a Shift? 
Geopolitical Shocks That Could Reshape Financial Markets in 2025 
Urban studies: Doing research when every city is different 
Indonesia Surprises Markets with Interest Rate Cut Amid Currency Pressure 
UBS Projects Mixed Market Outlook for 2025 Amid Trump Policy Uncertainty 
Energy Sector Outlook 2025: AI's Role and Market Dynamics 
Oil Prices Dip Slightly Amid Focus on Russian Sanctions and U.S. Inflation Data 
Global Markets React to Strong U.S. Jobs Data and Rising Yields 
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 
Gold Prices Slide as Rate Cut Prospects Diminish; Copper Gains on China Stimulus Hopes 
US Gas Market Poised for Supercycle: Bernstein Analysts 
China's Refining Industry Faces Major Shakeup Amid Challenges 
S&P 500 Relies on Tech for Growth in Q4 2024, Says Barclays 
2025 Market Outlook: Key January Events to Watch 
Moldova Criticizes Russia Amid Transdniestria Energy Crisis 
Lithium Market Poised for Recovery Amid Supply Cuts and Rising Demand 
FxWirePro: Forex Daily Update
The US dollar index pared most of its gains after the US jobs data. It hit a low of 104.18 yesterday and is currently trading around 104.18.
US private payrolls surged at the fastest pace since July 2023 to 184000 in Mar, compared to a forecast of 148000. "Recent readings on both job gains and inflation have come in higher than expected," Powell said at a forum at Stanford University overnight.
According to the CME Fed watch tool, the probability of a 25 bpbs rate cut in June decreased to 61.50% from 63.70% a week ago.
Major resistance- 105.20/106
Major support- 104.40/103.80
EURUSD-
EURUSD showed a minor pullback as Eurozone inflation cools. The Eurozone HICP inflation jumped 2.4% in Mar, below the estimate of 2.6%. The core HICP cools down to 2.9% YoY in Mar vs. Estimate 3.0%.
US ISM services PMI fell to 51.4 in March, below expectations of 53.40.
Eurozone economic data today
Apr 4th, 2024, German Final Services PMI (8:55 am GMT)
Major resistance-1.0850,1.0900
Major support- 1.0800,1.0720
Yen-
The pair holds above 151.50 on the Bank of Japan's cautious outlook. The pair upside is capped due to BOJ fx intervention and dovish rate hike. Any break above 152 confirms minor bullishness.
Major Resistance- 152,153
Major support- 150,149
Canadian Dollar
The pair showed a minor weakness as crude oil prices hit a five-month high.
Resistance- 1.3620,1.3660
Major support- 1.3500,1.3435
