Moody's Upgrades Argentina's Credit Rating Amid Economic Reforms 
Urban studies: Doing research when every city is different 
Oil Prices Dip Slightly Amid Focus on Russian Sanctions and U.S. Inflation Data 
Indonesia Surprises Markets with Interest Rate Cut Amid Currency Pressure 
UBS Predicts Potential Fed Rate Cut Amid Strong US Economic Data 
U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures 
Bank of America Posts Strong Q4 2024 Results, Shares Rise 
US Gas Market Poised for Supercycle: Bernstein Analysts 
S&P 500 Relies on Tech for Growth in Q4 2024, Says Barclays 
Lithium Market Poised for Recovery Amid Supply Cuts and Rising Demand 
Trump’s "Shock and Awe" Agenda: Executive Orders from Day One 
China's Refining Industry Faces Major Shakeup Amid Challenges 
U.S. Banks Report Strong Q4 Profits Amid Investment Banking Surge 
Geopolitical Shocks That Could Reshape Financial Markets in 2025 
Energy Sector Outlook 2025: AI's Role and Market Dynamics 
Gold Prices Slide as Rate Cut Prospects Diminish; Copper Gains on China Stimulus Hopes 
UBS Projects Mixed Market Outlook for 2025 Amid Trump Policy Uncertainty 
US dollar Index-
The US dollar index hits a multi-month high as US treasury yields jump. It hit a high of 106.13 and is currently trading around 105.93.
US new home sales fell 11.3% in May to 619000, compared to a forecast of 636000.
According to the CME Fed watch tool, the probability of a 25 bpbs rate cut in Sep increased to 59.50% from 61.7% a week ago.
US economic data for the day
US Final GDP q/q (12:30 pm GMT)
US initial jobless claims (12:30 pm GMT)
US core Durable goods order (12:30 pm GMT)
Major resistance- 106.20/107
Major support- 103.80/103
EURUSD-
EURUSD lost its shine on board-based US dollar buying. It hit a low of 1.0660 yesterday and is currently trading around 1.06916.
German GfK consumer confidence dropped to -21.8 in July compared to a forecast of -19.40.
Major resistance-1.0720,1.0765
Major support- 1.0650,1.0600
Yen-
The pair showed a minor sell-off on intervention fears and risk aversion. Any close above 161 confirms further bullishness.
Major Resistance- 161,162
Major support- 159.80,15
Canadian Dollar
The pair gained sharply on the strong US dollar and weak oil prices. Any break above 1.3720 confirms further bullishness.
Resistance- 1.3730, 1.3800
Major support- 1.3600,1.3535
