Stock Futures Dip as Investors Await Key Payrolls Data 
Lithium Market Poised for Recovery Amid Supply Cuts and Rising Demand 
U.S. Stocks vs. Bonds: Are Diverging Valuations Signaling a Shift? 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Urban studies: Doing research when every city is different 
Geopolitical Shocks That Could Reshape Financial Markets in 2025 
UBS Predicts Potential Fed Rate Cut Amid Strong US Economic Data 
U.S. Banks Report Strong Q4 Profits Amid Investment Banking Surge 
Oil Prices Dip Slightly Amid Focus on Russian Sanctions and U.S. Inflation Data 
UBS Projects Mixed Market Outlook for 2025 Amid Trump Policy Uncertainty 
Bank of America Posts Strong Q4 2024 Results, Shares Rise 
U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures 
China's Refining Industry Faces Major Shakeup Amid Challenges 
Energy Sector Outlook 2025: AI's Role and Market Dynamics 
Wall Street Analysts Weigh in on Latest NFP Data 
European Stocks Rally on Chinese Growth and Mining Merger Speculation 
Indonesia Surprises Markets with Interest Rate Cut Amid Currency Pressure 
Add as a preferred source on Google
Gold -
Ichimoku Analysis (4- hour chart)
Tenken-Sen- $2015
Kijun-Sen- $2030.28
Gold recovered more than $25 after hitting a multi-week low. Philly fed manufacturing declined to -10.6 in Jan, compared to a forecast of -7.0. Building permits rose to 1.50 M in Dec 1.9% higher than the previous month. Housing starts came in at a 1.46 million annual rate in Dec, which declined from the previous month's 1.53 million. It hit a high of $2030.21 and is currently trading around $2010.24.
According to the CME Fed watch tool, the probability of a no-rate cut in Jan increased to 97.40% from 95.90% a week ago.
US dollar index- Neutral. Minor support around 103/102.40 The near-term resistance is 103.75/104.50.
Factors to watch for gold price action-
Global stock market- Weak (Positive for gold)
US dollar index - Bullish (Bearish for gold)
US10-year bond yield- Bullish (negative for gold)
Technical:
The near–term support is around $2000, a break below targets of $1970/$1956. The yellow metal faces minor resistance around $2035 and a breach above will take it to the next level of $2050/$2060.
It is good to buy on dips around 2005-06 with SL around $1998 for TP of $2065/$2080.
.
Silver-
Silver has formed a triple bottom around $22.40 and showed a minor pullback. The precious metal trades below 21 and 55- EMA and long-term MA (200- MA) in the 4-hour chart. Any break above $23 confirms minor bullishness. A jump to $23.38/$24 is possible. It is facing significant support around $22.40. Any close below targets $21.85/$21.
Crude oil-
WTI crude oil prices gained sharply after EIS crude inventories. US crude inventories declined by -2.5 million bbls to 429.90 million bbls in the week ended Jan 12th, 2024. Markets eye geopolitical tension in the Middle East for further movement.
Major resistance- $75.35/80. Significant support- $70/$68
Economic calendar
Canada retail sales (1:30 pm GMT)
Prelim UoM consumer sentiment (3:00 pm GMT)
Existing Home Sales (3:00 pm GMT)
