Gold Prices Slide as Rate Cut Prospects Diminish; Copper Gains on China Stimulus Hopes 
Oil Prices Dip Slightly Amid Focus on Russian Sanctions and U.S. Inflation Data 
Mexico's Undervalued Equity Market Offers Long-Term Investment Potential 
Moldova Criticizes Russia Amid Transdniestria Energy Crisis 
U.S. Banks Report Strong Q4 Profits Amid Investment Banking Surge 
Lithium Market Poised for Recovery Amid Supply Cuts and Rising Demand 
China’s Growth Faces Structural Challenges Amid Doubts Over Data 
U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures 
Goldman Predicts 50% Odds of 10% U.S. Tariff on Copper by Q1 Close 
Stock Futures Dip as Investors Await Key Payrolls Data 
Moody's Upgrades Argentina's Credit Rating Amid Economic Reforms 
US Futures Rise as Investors Eye Earnings, Inflation Data, and Wildfire Impacts 
China's Refining Industry Faces Major Shakeup Amid Challenges 
Urban studies: Doing research when every city is different 
Global Markets React to Strong U.S. Jobs Data and Rising Yields 
European Stocks Rally on Chinese Growth and Mining Merger Speculation 
Bank of America Posts Strong Q4 2024 Results, Shares Rise 
The US dollar index gained slightly after the US durable goods order. It hit a high of 105.59 and is currently trading around 105.76.
US Durable Goods orders rose 2.6% in Mar, compared to a forecast of 2.5%. Core Durable goods orders excluding transportation, new orders increased by 0.20%.
According to the CME Fed watch tool, the probability of a no-rate cut in June increased to 83.10% from 81.80% a week ago.
Major resistance- 106.50/107
Major support- 105.35/104.45
Economic data for the day
Apr 25th, 2024, US advance GDP q/q (12:30 pm GMT)
US initial jobless claims
EURUSD-
EURUSD hovers above 1.0700 following strong German IFO business data. It increased to 89.40 in Apr from 87.8 the previous month, compared to an estimate of 88.9.
Eurozone economic calendar today
Apr 25th, 2024, German Gfk consumer climate (6 am GMT)
Major resistance-1.0760,1.0800
Major support- 1.0660,1.0600
Yen-
The pair trades higher and hits the highest level since Jun 1990 despite the Japanese Finance Minister's comment about forex intervention risk. Any break above 155 confirms major bullishness.
Major Resistance- 156,157
Major support- 154.50,153.50
Canadian Dollar
The Canadian dollar declined marginally after dismal Canadian retail sales. It fell -0.01% mom vs 0.10%. Any break below 1.3650 confirms further bearishness.
Resistance- 1.3750,1.3800
Major support- 1.3650,1.3570
