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


Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed
Lithium Market Poised for Recovery Amid Supply Cuts and Rising Demand
S&P 500 Relies on Tech for Growth in Q4 2024, Says Barclays
Moody's Upgrades Argentina's Credit Rating Amid Economic Reforms
Oil Prices Dip Slightly Amid Focus on Russian Sanctions and U.S. Inflation Data
Stock Futures Dip as Investors Await Key Payrolls Data
Indonesia Surprises Markets with Interest Rate Cut Amid Currency Pressure
China’s Growth Faces Structural Challenges Amid Doubts Over Data
UBS Projects Mixed Market Outlook for 2025 Amid Trump Policy Uncertainty
US Futures Rise as Investors Eye Earnings, Inflation Data, and Wildfire Impacts
Urban studies: Doing research when every city is different
Energy Sector Outlook 2025: AI's Role and Market Dynamics
2025 Market Outlook: Key January Events to Watch
China's Refining Industry Faces Major Shakeup Amid Challenges
Mexico's Undervalued Equity Market Offers Long-Term Investment Potential
U.S. Stocks vs. Bonds: Are Diverging Valuations Signaling a Shift?
Moldova Criticizes Russia Amid Transdniestria Energy Crisis 



