Moody's Upgrades Argentina's Credit Rating Amid Economic Reforms 
European Stocks Rally on Chinese Growth and Mining Merger Speculation 
U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures 
US Futures Rise as Investors Eye Earnings, Inflation Data, and Wildfire Impacts 
Energy Sector Outlook 2025: AI's Role and Market Dynamics 
Goldman Predicts 50% Odds of 10% U.S. Tariff on Copper by Q1 Close 
2025 Market Outlook: Key January Events to Watch 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Geopolitical Shocks That Could Reshape Financial Markets in 2025 
Urban studies: Doing research when every city is different 
U.S. Banks Report Strong Q4 Profits Amid Investment Banking Surge 
Oil Prices Dip Slightly Amid Focus on Russian Sanctions and U.S. Inflation Data 
Fed May Resume Rate Hikes: BofA Analysts Outline Key Scenarios 
China’s Growth Faces Structural Challenges Amid Doubts Over Data 
Wall Street Analysts Weigh in on Latest NFP Data 
U.S. Stocks vs. Bonds: Are Diverging Valuations Signaling a Shift? 
Moldova Criticizes Russia Amid Transdniestria Energy Crisis 
US dollar Index-
The US dollar index pared some of its gains ahead of retail sales. It hit a low of 105.25 yesterday and is currently trading around 105.394.
Minneapolis Fed President Neel Kashkari said in a CBS interview that the Central would cut rates towards the end of the year. He also mentioned the Fed needs more evidence to convince inflation below the Fed target of 2%.
June Empire State manufacturing index came at -6 vs. Forecast of -10.50 and -15.60 prior.
According to the CME Fed watch tool, the probability of a 25 bpbs rate cut in Sep increased to 57.50% from 45.10% a week ago.
Major resistance- 105.50/107
Major support- 103.80/103
Major US economic data
June 18th, 2024, US retail sales (12:30 pm GMT)
EURUSD-
EURUSD showed a minor pullback ahead of German ZEW sentiment. Market eyes French political developments for further direction. It hit a high of 1.07409 and is currently trading around 1.07235.
Major European economic data
German ZEW economic sentiment (9 am GMT)
Major resistance-1.0800,1.0865
Major support- 1.0650,1.0600
Yen-
The pair is trading flat despite the hawkish comments from the BOJ Udea. The easing of US treasury yields also supports the yen at lower levels. Any close above 158 confirms further bullishness.
Major Resistance- 158,160
Major support- 156,154.50
Canadian Dollar
USDCAD is consolidating in a narrow range between 1.3790 and 1.36799 for the past five days. Any break above 1.3800 confirms further bullishness.
Resistance- 1.3800, 1.3900
Major support- 1.3700,1.3600
