Geopolitical Shocks That Could Reshape Financial Markets in 2025 
US Futures Rise as Investors Eye Earnings, Inflation Data, and Wildfire Impacts 
China's Refining Industry Faces Major Shakeup Amid Challenges 
U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures 
Mexico's Undervalued Equity Market Offers Long-Term Investment Potential 
UBS Predicts Potential Fed Rate Cut Amid Strong US Economic Data 
UBS Projects Mixed Market Outlook for 2025 Amid Trump Policy Uncertainty 
Lithium Market Poised for Recovery Amid Supply Cuts and Rising Demand 
Moldova Criticizes Russia Amid Transdniestria Energy Crisis 
Indonesia Surprises Markets with Interest Rate Cut Amid Currency Pressure 
Wall Street Analysts Weigh in on Latest NFP Data 
Trump’s "Shock and Awe" Agenda: Executive Orders from Day One 
Global Markets React to Strong U.S. Jobs Data and Rising Yields 
Gold Prices Slide as Rate Cut Prospects Diminish; Copper Gains on China Stimulus Hopes 
U.S. Banks Report Strong Q4 Profits Amid Investment Banking Surge 
China’s Growth Faces Structural Challenges Amid Doubts Over Data 
Moody's Upgrades Argentina's Credit Rating Amid Economic Reforms 
Ichimoku Analysis (4 Hour chart)
Tenken-Sen- $2384
Kijun-Sen- $2364
Gold showed a minor sell-off after US jobless claims. It hit a low of $2371 yesterday and is currently trading around $2387.
The number of people who have filed for unemployment benefits declined by 10000 to 222000 in the week ending May 11, compared to the forecast of 219000. The four-week moving average for new claims rose by 2500 to 217750 from an average of 215250.
US economic data
Building permits - Weak (negative for gold)
Philly Fed Manufacturing Index - weak (bearish for Gold)
Markets eye FOMC member Waller's speech for further movement.
According to the CME Fed watch tool, the probability of a no-rate cut in June decreased to 91.3% from 96.5% a week ago.
US dollar index- Bearish. Minor support around 104.50/103.75. The near-term resistance is 106/107.
Factors to watch for gold price action-
Global stock market- Bullish (negative for gold)
US dollar index - Bearish (positive for gold)
US10-year bond yield- Bearish (positive for gold)
Technical:
The near–term support is around $2368, a break below the targets of $2345/$2320/$2300. The yellow metal faces minor resistance around $2400 and a breach above will take it to the next level of $2420/$2450/$2500.
It is good to buy on dips around $2321-23 with SL around $2300 for TP of $2400.
