Goldman Predicts 50% Odds of 10% U.S. Tariff on Copper by Q1 Close 
2025 Market Outlook: Key January Events to Watch 
Lithium Market Poised for Recovery Amid Supply Cuts and Rising Demand 
U.S. Banks Report Strong Q4 Profits Amid Investment Banking Surge 
UBS Predicts Potential Fed Rate Cut Amid Strong US Economic Data 
European Stocks Rally on Chinese Growth and Mining Merger Speculation 
Global Markets React to Strong U.S. Jobs Data and Rising Yields 
China’s Growth Faces Structural Challenges Amid Doubts Over Data 
U.S. Stocks vs. Bonds: Are Diverging Valuations Signaling a Shift? 
Gold Prices Slide as Rate Cut Prospects Diminish; Copper Gains on China Stimulus Hopes 
S&P 500 Relies on Tech for Growth in Q4 2024, Says Barclays 
US Gas Market Poised for Supercycle: Bernstein Analysts 
Indonesia Surprises Markets with Interest Rate Cut Amid Currency Pressure 
China's Refining Industry Faces Major Shakeup Amid Challenges 
Geopolitical Shocks That Could Reshape Financial Markets in 2025 
Energy Sector Outlook 2025: AI's Role and Market Dynamics 
Stock Futures Dip as Investors Await Key Payrolls Data 
US dollar Index-
The US dollar index pared some of its gains after weak US retail sales data. It hit a low of 105.12 yesterday and is currently trading around 105.28.
US retail sales rose 0.10% m/m in May below market expectations of 0.20%. Core retail sales - -0.10% m/m vs . forecast of 0.20%.
Most Fed policymakers want the Fed to hold rates until inflation cools down. Hawkish tone from policy makers like Susan Collins,Kugler, and Barkin cautious tone preventing the US dollar from further downside.
According to the CME Fed watch tool, the probability of a 25 bpbs rate cut in Sep increased to 61.70% from 46.80% a week ago.
Major resistance- 105.50/107
Major support- 103.80/103
EURUSD-
EURUSD showed a minor pullback after strong German ZEW economic sentiment. It hit a high of 1.07615 and is currently trading around 1.07354.
German ZEW economic sentiment surged to 47.50 in June from 47.1, below the forecast of 50. Eurozone CPI rose 2.6% YoY in May from 2.4% in Apr.
Major resistance-1.0800,1.0865
Major support- 1.0650,1.0600
Yen-
The yen showed a minor pullback on easing the US treasury yield. Any close above 158 confirms further bullishness.
Major Resistance- 158.25,160
Major support- 156,154.50
Canadian Dollar
The Canadian dollar gained momentum as crude oil prices surged above $80. Any break above 1.3800 confirms further bullishness.
Resistance- 1.3800, 1.3900
Major support- 1.3700,1.3600
