U.S. Banks Report Strong Q4 Profits Amid Investment Banking Surge 
Fed May Resume Rate Hikes: BofA Analysts Outline Key Scenarios 
S&P 500 Relies on Tech for Growth in Q4 2024, Says Barclays 
Moldova Criticizes Russia Amid Transdniestria Energy Crisis 
Global Markets React to Strong U.S. Jobs Data and Rising Yields 
Trump’s "Shock and Awe" Agenda: Executive Orders from Day One 
Stock Futures Dip as Investors Await Key Payrolls Data 
Geopolitical Shocks That Could Reshape Financial Markets in 2025 
Indonesia Surprises Markets with Interest Rate Cut Amid Currency Pressure 
US Futures Rise as Investors Eye Earnings, Inflation Data, and Wildfire Impacts 
Oil Prices Dip Slightly Amid Focus on Russian Sanctions and U.S. Inflation Data 
Urban studies: Doing research when every city is different 
Lithium Market Poised for Recovery Amid Supply Cuts and Rising Demand 
Mexico's Undervalued Equity Market Offers Long-Term Investment Potential 
UBS Predicts Potential Fed Rate Cut Amid Strong US Economic Data 
U.S. Stocks vs. Bonds: Are Diverging Valuations Signaling a Shift? 
U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures 
The US dollar index lost its shine ahead of the US NFP data. The US economy is expected to add 198000 jobs in February. The unemployment rate to be steady at 3.7%. It hit a low of 102.72 and is currently trading around 102.82.
The number of people who have filed for unemployment benefits came steady at 21700 in early Mar, compared to a forecast of 217000.
According to the CME Fed watch tool, the probability of a no-rate cut in Mar decreased to 95% from 96% a week ago.
The US 10-year yields declined more than 6% in hopes of an early rate cut. The US 10 and 2-year spread narrowed to -41.40% from -53%.
Major resistance- 104.25/105
Major support- 103/102.
Economic data for the day
Mar 8th, 2024, US Non-farm payroll (1:30 pm GMT)
EURUSD-
EURUSD jumped more than 1.0950 after the ECB monetary policy. The central bank has kept its rates unchanged as expected. It hints at a rate cut in June on easing inflation data.
Major resistance-1.09500,1.100
Major support- 1.0850,1.0760
Yen-
The yen lost its momentum and hit a fresh five-week low ahead of US NFP. Any break below 148 confirms minor bearishness.
Major Resistance- 150,151
Major support- 148,146.50
Canadian Dollar
The Canadian dollar showed a minor jump ahead of Canadian employment data. Canadian building permits surged 14% over a month to $10.8 billion in Jan 2024.
Resistance- 1.3480,1.3550
Major support- 1.3435,1.3380
