2025 Market Outlook: Key January Events to Watch 
China’s Growth Faces Structural Challenges Amid Doubts Over Data 
Fed May Resume Rate Hikes: BofA Analysts Outline Key Scenarios 
Moldova Criticizes Russia Amid Transdniestria Energy Crisis 
European Stocks Rally on Chinese Growth and Mining Merger Speculation 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Trump’s "Shock and Awe" Agenda: Executive Orders from Day One 
China's Refining Industry Faces Major Shakeup Amid Challenges 
Mexico's Undervalued Equity Market Offers Long-Term Investment Potential 
U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures 
Gold Prices Slide as Rate Cut Prospects Diminish; Copper Gains on China Stimulus Hopes 
US Gas Market Poised for Supercycle: Bernstein Analysts 
S&P 500 Relies on Tech for Growth in Q4 2024, Says Barclays 
UBS Projects Mixed Market Outlook for 2025 Amid Trump Policy Uncertainty 
Global Markets React to Strong U.S. Jobs Data and Rising Yields 
US Futures Rise as Investors Eye Earnings, Inflation Data, and Wildfire Impacts 
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FxWirePro: Forex Daily Update
The US dollar index trades flat ahead of US CPI data. It hit a low of 104.09 yesterday and is currently trading around 104.159.
According to the CME Fed watch tool, the probability of a 25 bpbs rate cut in June decreased to 51.3% from 61.5% a week ago.
Major resistance- 105.20/106
Major support- 104.40/103.80
EURUSD-
EURUSD consolidated after a minor pullback. German industrial production rose 2.1% y/y in Feb, compared to a forecast of 0.30%. Markets await ECB monetary policy for further direction.
Major resistance-1.0880,1.0935
Major support- 1.0800,1.0720
Yen-
The pair hit a multi-decade high on a surge in US treasury yields. Any break above 152 confirms minor bullishness.
Major Resistance- 152,153
Major support- 150,149
Canadian Dollar
USDCAD trades higher after dismal Canadian jobs will push BOC to cut rates early. Markets eye BOC monetary policy tomorrow for further movement.
Resistance- 1.3660,1.37000
Major support- 1.3550,1.3500
