2025 Market Outlook: Key January Events to Watch 
Oil Prices Dip Slightly Amid Focus on Russian Sanctions and U.S. Inflation Data 
U.S. Stocks vs. Bonds: Are Diverging Valuations Signaling a Shift? 
UBS Projects Mixed Market Outlook for 2025 Amid Trump Policy Uncertainty 
Mexico's Undervalued Equity Market Offers Long-Term Investment Potential 
U.S. Banks Report Strong Q4 Profits Amid Investment Banking Surge 
US Futures Rise as Investors Eye Earnings, Inflation Data, and Wildfire Impacts 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Goldman Predicts 50% Odds of 10% U.S. Tariff on Copper by Q1 Close 
China's Refining Industry Faces Major Shakeup Amid Challenges 
Bank of America Posts Strong Q4 2024 Results, Shares Rise 
Energy Sector Outlook 2025: AI's Role and Market Dynamics 
S&P 500 Relies on Tech for Growth in Q4 2024, Says Barclays 
Moody's Upgrades Argentina's Credit Rating Amid Economic Reforms 
Wall Street Analysts Weigh in on Latest NFP Data 
Gold Prices Slide as Rate Cut Prospects Diminish; Copper Gains on China Stimulus Hopes 
Global Markets React to Strong U.S. Jobs Data and Rising Yields 
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.
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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)
