US Futures Rise as Investors Eye Earnings, Inflation Data, and Wildfire Impacts 
FxWirePro: NZD/USD gains some ground but outlook is strongly bearish 
Goldman Predicts 50% Odds of 10% U.S. Tariff on Copper by Q1 Close 
China's Refining Industry Faces Major Shakeup Amid Challenges 
FxWirePro: GBP/AUD tight ranges prevail as market waits for fresh catalyst 
JPY Major Currency Score - EURJPY Bearish, All Other Major Neutral 
Indonesia Surprises Markets with Interest Rate Cut Amid Currency Pressure 
FxWirePro: EUR/AUD gains slightly, but downward resumption looks likely 
Global Markets React to Strong U.S. Jobs Data and Rising Yields 
Bank of America Posts Strong Q4 2024 Results, Shares Rise 
FxWirePro: GBP/NZD uptrend loses momentum but bullish setup remains 
U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
AUDJPY Surges Past 111: Bulls Take Control Amid Broad-Based Australian Dollar Strength 
FxWirePro: GBP/NZD steadies around 2.3600 ,retains bid tone 
FxWirePro- Major Pair levels and bias summary 
Major Pair Currency Score - EURUSD Bearish, USDCHF Bullish, and Key Levels to Watch 
Add as a preferred source on Google
US oil chart on Trading View used for analysis
- US oil is trading in a narrow range, edges above 5-DMA at 51.96.
- Caution seen in the commodity markets ahead of an OPEC meeting next week.
- Members are expected to decide on some form of supply cut to counter an emerging glut.
- The pair has slipped below 200W SMA in the previous week's trade. Retrace and close above 200W SMA this week could see further upside.
- Oil prices have still fallen by almost one-third since early October, weighed down by the supply concerns.
- Technical studies are still biased lower, however bullish divergence on RSI and Stochs keeps scope for upside.
- Immediate resistance is seen at 200W SMA at 52.17, while 51.97 (5-DMA) is immediate support.
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.
