US Futures Rise as Investors Eye Earnings, Inflation Data, and Wildfire Impacts 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Stock Futures Dip as Investors Await Key Payrolls Data 
China’s Growth Faces Structural Challenges Amid Doubts Over Data 
China's Refining Industry Faces Major Shakeup Amid Challenges 
Urban studies: Doing research when every city is different 
U.S. Stocks vs. Bonds: Are Diverging Valuations Signaling a Shift? 
Wall Street Analysts Weigh in on Latest NFP Data 
Goldman Predicts 50% Odds of 10% U.S. Tariff on Copper by Q1 Close 
Trump’s "Shock and Awe" Agenda: Executive Orders from Day One 
UBS Projects Mixed Market Outlook for 2025 Amid Trump Policy Uncertainty 
Geopolitical Shocks That Could Reshape Financial Markets in 2025 
Gold Prices Slide as Rate Cut Prospects Diminish; Copper Gains on China Stimulus Hopes 
Indonesia Surprises Markets with Interest Rate Cut Amid Currency Pressure 
Moldova Criticizes Russia Amid Transdniestria Energy Crisis 
2025 Market Outlook: Key January Events to Watch 
Moody's Upgrades Argentina's Credit Rating Amid Economic Reforms 
Gold -
Ichimoku Analysis (4-hour chart)
Tenken-Sen- $2036.94
Kijun-Sen- $2029.12
Gold trades are highly volatile ahead of US Fed monetary policy. The US fed is expected to keep rates on hold at 5.25%-5.50 %. Markets await the US Fed chairman's press conference for the exact timing of the rate cut. The escalation of geopolitical tension in the Middle East also supports safe-haven assets like gold. The yellow metal hit a high of $2048.63 yesterday and is currently trading around $2038.53.
According to the CME Fed watch tool, the probability of a no-rate cut in Jan unchanged at 97.9% from 97.90% a week ago.
US dollar index- Bullish only if it closes above 103.69 (200-day EMA). Minor support around 103/102.75. The near-term resistance is 103.75/104.50.
Factors to watch for gold price action-
Global stock market- Bullish (negative for gold)
US dollar index - Mixed (Neutral for gold)
US10-year bond yield- Bearish (positive for gold)
Technical:
The near–term support is around $2030, a break below targets of $2015/$2000/$1970/$1956. The yellow metal faces minor resistance around $2050 and a breach above will take it to the next level of $2065/$2080/$2100.
It is good to buy on dips around $2015 with SL around $2000 for TP of $2065/$2080.
.
Silver-
Silver is consolidating in a narrow range between $22.77 and $23.30 for the past two days. It trades above 21 and 55- EMA and below long-term MA (200- EMA) in the 4-hour chart. The near-term resistance is around $23.15 (200- 4H EMA) and a close above confirms a bullish continuation. Any close above $23.15 will take the pair to $23.60/$24 is possible. It is facing immediate support at around $22.80. Any break below target $22.50/$21.90/$21.50.
Crude oil-
WTI crude oil prices showed a minor sell-off due to the Chinese property crisis. Markets eye US FOMC meeting.
Major resistance- $80/$83.50. Significant support- $77/$74.
Jan 31st, 2024, US ADP employment (1:15 pm GMT)
Chicago PMI (2:45 pm GMT)
FOMC federal funds rate (7:00 pm GMT)
