US Gas Market Poised for Supercycle: Bernstein Analysts 
Oil Prices Dip Slightly Amid Focus on Russian Sanctions and U.S. Inflation Data 
European Stocks Rally on Chinese Growth and Mining Merger Speculation 
Stock Futures Dip as Investors Await Key Payrolls Data 
Moody's Upgrades Argentina's Credit Rating Amid Economic Reforms 
China’s Growth Faces Structural Challenges Amid Doubts Over Data 
UBS Projects Mixed Market Outlook for 2025 Amid Trump Policy Uncertainty 
U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures 
Geopolitical Shocks That Could Reshape Financial Markets in 2025 
Wall Street Analysts Weigh in on Latest NFP Data 
US Futures Rise as Investors Eye Earnings, Inflation Data, and Wildfire Impacts 
Lithium Market Poised for Recovery Amid Supply Cuts and Rising Demand 
Mexico's Undervalued Equity Market Offers Long-Term Investment Potential 
Bank of America Posts Strong Q4 2024 Results, Shares Rise 
Indonesia Surprises Markets with Interest Rate Cut Amid Currency Pressure 
Moldova Criticizes Russia Amid Transdniestria Energy Crisis 
The US dollar index showed a minor sell-off after weak US GDP data. The United States GDP grew at an annualized rate of 3.2% in Q4, missing market expectations of 3.3%. It hit a low of 103.839 at the time of writing and is currently trading around 103.846.
According to the CME Fed watch tool, the probability of a no-rate cut in Mar increased to 97.50% from 94% a week ago.
The US 10-year yields trade in a narrow range ahead of the US PCE. The US 10 and 2-year spread narrowed to -37.6% from -53%.
Major resistance- 104.25/105
Major support- 103/102.
Economic data for the day
US Core PCE index (1:30 pm GMT)
US initial jobless claims
Chicago PMI (2:45 pm GMT)
US pending home sales (3:00 pm GMT)
EURUSD-
EURUSD consolidating in a narrow range ahead of major US and eurozone economic data.
German Prelim CPI m/m
Major resistance-1.0880,1.0935
Major support- 1.0760,1.0700
Yen-
The yen gained momentum after hawkish comments from BOJ Takata. Any break below 149.50 confirms minor weakness.
Major Resistance- 151,152
Major support- 148,146.50
Canadian Dollar
The pair gained above 1.3550 despite strong crude oil prices. Markets eye Canada's GDP for further direction.
Resistance- 1.3600,1.3660
Major support- 1.3435,1.3380
