US Gas Market Poised for Supercycle: Bernstein Analysts 
2025 Market Outlook: Key January Events to Watch 
China's Refining Industry Faces Major Shakeup Amid Challenges 
Fed May Resume Rate Hikes: BofA Analysts Outline Key Scenarios 
Moody's Upgrades Argentina's Credit Rating Amid Economic Reforms 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
S&P 500 Relies on Tech for Growth in Q4 2024, Says Barclays 
U.S. Banks Report Strong Q4 Profits Amid Investment Banking Surge 
Moldova Criticizes Russia Amid Transdniestria Energy Crisis 
U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures 
European Stocks Rally on Chinese Growth and Mining Merger Speculation 
Gold Prices Slide as Rate Cut Prospects Diminish; Copper Gains on China Stimulus Hopes 
Lithium Market Poised for Recovery Amid Supply Cuts and Rising Demand 
Energy Sector Outlook 2025: AI's Role and Market Dynamics 
Global Markets React to Strong U.S. Jobs Data and Rising Yields 
US Futures Rise as Investors Eye Earnings, Inflation Data, and Wildfire Impacts 
US dollar Index-
The US dollar index pared most of its gains on rate cut hopes. It hit a low of 103.65 and is currently trading at around 103.80.
US housing starts rose 3% in June to 1.35 million units, while building permits surged 3.4% to 1.45 million.
According to the CME Fed watch tool, the probability of a 25 bpbs rate cut in Sep increased to 91.70% from 69.7% a week ago.
Major resistance- 105/106.20
Major support- 103.60/103
US economic data for the day
July 18th, 2024, US Philly fed manufacturing index and US initial jobless claims (12:30 pm GMT)
EURUSD-
EURUSD hit an 18-month high on upbeat market sentiment. It hit a high of 1.09480 and is currently trading around 1.09332.
Any hawkish rate pause by the ECB will push the Euro further higher.
Major resistance-1.0950,1.100
Major support- 1.0860,1.0750
Yen-
The yen hits a multi-week high on board-based US dollar weakness. Any close below 156 confirms further bearishness.
Major Resistance- 160,162
Major support- 155.70,154
Canadian Dollar
The Canadian dollar trades flat ahead of Canadian retail sales. Any break above 1.3720 confirms further bullishness.
Resistance- 1.3725, 1.3765
Major support- 1.3660,1.3600
