US dollar Index-
The US dollar index trades flat ahead of Fed Powell's speech and CPI data. It hit a low of 104.99 and is currently trading around 104.99.
The yellow metal gained momentum after weak US jobs data on Friday. The increased probability of a rate cut in September supports precious metals at lower levels.
According to the CME Fed watch tool, the probability of a 25 bpbs rate cut in Sep increased to 73.6% from 59.80% a week ago.
Major resistance- 106.20/107
Major support- 105.20/104.45
EURUSD-
EURUSD showed a minor sell-off on the French election results. It hit a low of 1.08192 and is currently trading around 1.08303.
The French election result shows a hung parliament with no party secured a majority. New Popular won 188 seats and the Ensemble alliance 161 seats.
Major resistance-1.0865,1.0900
Major support- 1.0760,1.0700
Yen-
The pair trades flat ahead of Fed Chairman Powell's speech. Any close below 160 confirms further bearishness.
Major Resistance- 162,163
Major support- 159.80,15
Canadian Dollar
The Canadian dollar shows a minor weakness on easing oil prices. Any break below 1.3600 confirms further bearishness.
Resistance- 1.3660, 1.3725
Major support- 1.3600,1.3535


UBS Predicts Potential Fed Rate Cut Amid Strong US Economic Data
Gold Prices Slide as Rate Cut Prospects Diminish; Copper Gains on China Stimulus Hopes
Goldman Predicts 50% Odds of 10% U.S. Tariff on Copper by Q1 Close
U.S. Stocks vs. Bonds: Are Diverging Valuations Signaling a Shift?
2025 Market Outlook: Key January Events to Watch
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed
UBS Projects Mixed Market Outlook for 2025 Amid Trump Policy Uncertainty
Global Markets React to Strong U.S. Jobs Data and Rising Yields
Geopolitical Shocks That Could Reshape Financial Markets in 2025
S&P 500 Relies on Tech for Growth in Q4 2024, Says Barclays
Indonesia Surprises Markets with Interest Rate Cut Amid Currency Pressure
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
Stock Futures Dip as Investors Await Key Payrolls Data
China's Refining Industry Faces Major Shakeup Amid Challenges
Bank of America Posts Strong Q4 2024 Results, Shares Rise 



