Stock Futures Dip as Investors Await Key Payrolls Data 
Goldman Predicts 50% Odds of 10% U.S. Tariff on Copper by Q1 Close 
Lithium Market Poised for Recovery Amid Supply Cuts and Rising Demand 
China's Refining Industry Faces Major Shakeup Amid Challenges 
US Futures Rise as Investors Eye Earnings, Inflation Data, and Wildfire Impacts 
U.S. Banks Report Strong Q4 Profits Amid Investment Banking Surge 
Gold Prices Slide as Rate Cut Prospects Diminish; Copper Gains on China Stimulus Hopes 
Moldova Criticizes Russia Amid Transdniestria Energy Crisis 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
S&P 500 Relies on Tech for Growth in Q4 2024, Says Barclays 
U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures 
Global Markets React to Strong U.S. Jobs Data and Rising Yields 
Indonesia Surprises Markets with Interest Rate Cut Amid Currency Pressure 
Urban studies: Doing research when every city is different 
Energy Sector Outlook 2025: AI's Role and Market Dynamics 
Wall Street Analysts Weigh in on Latest NFP Data 
Fed May Resume Rate Hikes: BofA Analysts Outline Key Scenarios 
US dollar Index-
The US dollar index traded flat despite the soft US PCE. It hit a low of 104.36 and is currently trading around 104.597.
US Core PCE cooled in Apr and came at 0.20% below estimate. US Q1 GDP in the first quarter came in at 1.3% below forecast of 1.6%. The number of people who have filed for unemployment benefits rose by 3000 to 219000 for the week ended May 25th vs. Estimate of 218000.
According to the CME Fed watch tool, the probability of a no-rate cut in June decreased to 99.9% from 99.10% a week ago.
Major resistance- 105/106.50
Major support- 104/103
Economic data for the day
June 3rd 2024, US ISM manufacturing PMI (2 pm GMT)
Jun 5th 2024, US ADP employment change (12:15 pm GMT)
US ISM services PMI (2 pm GMT)
Jun 7th 2024, US NFP (12:30 PM GMT)
EURUSD-
EURUSD is consolidating ahead of ECB monetary policy. It hit a low of 1.08113 yesterday and is currently trading around 1.08204.
Markets anticipate to cut three main lending rates by 25 bpbs. Any dovish rate cut will drag the Euro further down.
Major Economic data for the week
ECB Main refinancing rate (12:15 pm GMT)
Major resistance-1.0900,1.1000
Major support- 1.0780,1.0700
Yen-
The yen lost its shine after dovish comments from minister Shindo. Any break above 158 confirms further bullishness.
Major Resistance- 158,160
Major support- 156,154.50
Canadian Dollar
The Canadian dollar gained momentum after weak GDP data. It grew at an annualized rate of 1.7%, compared with the forecast of 2.2%. Any break below 1.3600 confirms further bearishness.
Resistance- 1.3660,1.3735
Major support- 1.3600,1.3535
