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 
Indonesia Surprises Markets with Interest Rate Cut Amid Currency Pressure 
U.S. Banks Report Strong Q4 Profits Amid Investment Banking Surge 
China's Refining Industry Faces Major Shakeup Amid Challenges 
UBS Projects Mixed Market Outlook for 2025 Amid Trump Policy Uncertainty 
Wall Street Analysts Weigh in on Latest NFP Data 
Moody's Upgrades Argentina's Credit Rating Amid Economic Reforms 
Oil Prices Dip Slightly Amid Focus on Russian Sanctions and U.S. Inflation 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 
Trump’s "Shock and Awe" Agenda: Executive Orders from Day One 
US Gas Market Poised for Supercycle: Bernstein Analysts 
Stock Futures Dip as Investors Await Key Payrolls Data 
UBS Predicts Potential Fed Rate Cut Amid Strong US Economic Data 
Goldman Predicts 50% Odds of 10% U.S. Tariff on Copper by Q1 Close 
US dollar Index-
The US dollar index showed a minor sell-off due to profit booking. It hit a low of 105.37 and is currently trading around 105.424.
Markets eye US economic data and Fed official's speech for further direction
According to the CME Fed watch tool, the probability of a 25 bpbs rate cut in Sep increased to 61.10% from 56.70% a week ago.
US economic data for the day
S&P/CS composite -20 HPI y/y (1 pm GMT)
US CB Consumer Confidence (2 pm GMT)
Major resistance- 106/107
Major support- 103.80/103
EURUSD-
EURUSD has been trading in a narrow range between 1.0660 and 1.07650 for the past two days. It hit a low of 1.06705 and is currently trading around 1.07372.
Dallas Fed manufacturing Business index improved to -15.10 in June from -19.40.
Major resistance-1.0760,1.0835
Major support- 1.0650,1.0600
Yen-
The yen gained slightly after verbal intervention by Japan’s Hayashi. Any close above 160.20 confirms further bullishness.
Major Resistance- 160.20,162
Major support- 158,156
Canadian Dollar
The Canadian dollar gained momentum ahead of the Canadian CPI. Any break below 1.3600 confirms further bullishness.
Resistance- 1.3730, 1.3800
Major support- 1.3660,1.3600
