European Stocks Rally on Chinese Growth and Mining Merger Speculation 
Moody's Upgrades Argentina's Credit Rating Amid Economic Reforms 
UBS Projects Mixed Market Outlook for 2025 Amid Trump Policy Uncertainty 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Goldman Predicts 50% Odds of 10% U.S. Tariff on Copper by Q1 Close 
Gold Prices Slide as Rate Cut Prospects Diminish; Copper Gains on China Stimulus Hopes 
Energy Sector Outlook 2025: AI's Role and Market Dynamics 
China’s Growth Faces Structural Challenges Amid Doubts Over Data 
Moldova Criticizes Russia Amid Transdniestria Energy Crisis 
S&P 500 Relies on Tech for Growth in Q4 2024, Says Barclays 
China's Refining Industry Faces Major Shakeup Amid Challenges 
U.S. Stocks vs. Bonds: Are Diverging Valuations Signaling a Shift? 
US Gas Market Poised for Supercycle: Bernstein Analysts 
Urban studies: Doing research when every city is different 
Wall Street Analysts Weigh in on Latest NFP Data 
Stock Futures Dip as Investors Await Key Payrolls Data 
U.S. Banks Report Strong Q4 Profits Amid Investment Banking Surge 
The US dollar index trades higher ahead of US Fed policy. It hit a high of 106.404 and is currently trading around 106.39.
The central bank is expected to keep rates unchanged within their current range of 5.25%-5.50%. All eyes will be on the Fed Chairman's interest rate outlook.
According to the CME Fed watch tool, the probability of a no-rate cut in May increased to 98.40% from 95.90% a week ago.
The Chicago business activity index dropped to 37.90 in Apr, the lowest level in 17 years, compared to a forecast of 44.9.
Major resistance- 106.50/107
Major support- 105.35/104.45
Economic data for the day
Apr 30th, 2024, Chicago PMI (1:45 pm GMT)
US CB consumer confidence (2 pm GMT)
S&P/CS Composite-20 HPI y/y (1 pm GMT)
EURUSD-
EURUSD showed a minor decline ahead of the Fed rate decision. Eurozone CPI came unchanged at 2.4% in line with expectations. The CPI core declined to 2.7% YoY from 2.9%.
Major resistance-1.0760,1.0800
Major support- 1.0660,1.0600
Yen-
The pair showed a minor pullback on the policy divergence between the Fed and BOJ. Any break below 158 confirms major bullishness.
Major Resistance- 161,163
Major support- 154.50,153.50
Canadian Dollar
The Canadian dollar lost its shine on the weak Canadian GDP. Any break above 1.3800 confirms further bullishness.
Resistance- 1.3800,1.3865
Major support- 1.3750,1.3680
