US Gas Market Poised for Supercycle: Bernstein Analysts 
Energy Sector Outlook 2025: AI's Role and Market Dynamics 
China's Refining Industry Faces Major Shakeup Amid Challenges 
Goldman Predicts 50% Odds of 10% U.S. Tariff on Copper by Q1 Close 
S&P 500 Relies on Tech for Growth in Q4 2024, Says Barclays 
UBS Predicts Potential Fed Rate Cut Amid Strong US Economic Data 
Trump’s "Shock and Awe" Agenda: Executive Orders from Day One 
U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures 
Indonesia Surprises Markets with Interest Rate Cut Amid Currency Pressure 
European Stocks Rally on Chinese Growth and Mining Merger Speculation 
China’s Growth Faces Structural Challenges Amid Doubts Over Data 
Wall Street Analysts Weigh in on Latest NFP Data 
Moody's Upgrades Argentina's Credit Rating Amid Economic Reforms 
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 
Global Markets React to Strong U.S. Jobs Data and Rising Yields 
U.S. Stocks vs. Bonds: Are Diverging Valuations Signaling a Shift? 
The US dollar index pared some of its gains after the dismal US economic data. It hit a high of 105.52 and is currently trading around 105.612.
The US economy slowed to 1.6% at an annual rate well below the forecast of 2.5%. The number of people who have filed for unemployment benefits fell by 5000 to 20700 in the week ended Apr 20th vs. Estimate of 214000.
According to the CME Fed watch tool, the probability of a no-rate cut in June increased to 85.20% from 83.4% a week ago.
Major resistance- 106.50/107
Major support- 105.35/104.45
Economic data for the day
Apr 26th, 2024, US PCE (12:30 pm GMT)
Revised UoM consumer sentiment (2:00 pm)
EURUSD-
EURUSD gained momentum after the weak US GDP data. German consumer confidence improved to -24.2 in May vs. the Estimate of -25.90. Markets eye US PCE data for further movement.
Major resistance-1.0760,1.0800
Major support- 1.0660,1.0600
Yen-
The pair traded above 155 after easing Tokyo CPI data. Markets await BOJ monetary policy for further direction. Any break above 155 confirms major bullishness.
Major Resistance- 156,157
Major support- 154.50,153.50
Canadian Dollar
The Canadian dollar remained strong as an escalation of tension between Iran and Israel pushed crude oil prices higher. Any break below 1.3650 confirms further bearishness.
Resistance- 1.3750,1.3800
Major support- 1.3650,1.3570
