Goldman Predicts 50% Odds of 10% U.S. Tariff on Copper by Q1 Close 
Wall Street Analysts Weigh in on Latest NFP Data 
Indonesia Surprises Markets with Interest Rate Cut Amid Currency Pressure 
China’s Growth Faces Structural Challenges Amid Doubts Over Data 
European Stocks Rally on Chinese Growth and Mining Merger Speculation 
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 
Moldova Criticizes Russia Amid Transdniestria Energy Crisis 
Fed May Resume Rate Hikes: BofA Analysts Outline Key Scenarios 
UBS Projects Mixed Market Outlook for 2025 Amid Trump Policy Uncertainty 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Oil Prices Dip Slightly Amid Focus on Russian Sanctions and U.S. Inflation Data 
Geopolitical Shocks That Could Reshape Financial Markets in 2025 
2025 Market Outlook: Key January Events to Watch 
U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures 
UBS Predicts Potential Fed Rate Cut Amid Strong US Economic Data 
The US dollar index pared some of its gains on weak US retail sales. It declined by -0.80% in Jan compared to a forecast of -0.20%. It hit a low of 104.18 yesterday and is currently trading around 104.44.
According to the CME Fed watch tool, the probability of a no-rate cut in Mar increased to 89.5% from 81% a week ago.
The US 10-year yields pared some of its gains after weak US economic data. The US 10 and 2-year spread narrowed to -34.50% from -53%.
Major resistance- 105/106
Major support- 104.50/103.80.
EURUSD-
EURUSD showed a minor pullback after two weeks of bearish trend. The Empire State manufacturing index rose to -2.4 in Jan vs. the Forecast of -13.70, from -43.7 the previous month. The number of people who have filed for unemployment benefits rose by 212000 in the week ended Feb 10 compared to a forecast of 219K.
Major resistance-1.0760,1.0800
Major support- 1.070,1.06600
Yen-
The pair consolidating ahead of US PPI data. Any break above 152 confirms further bullishness.
Major Resistance- 151,152
Major support- 148,146.50
Canadian Dollar
The Canadian dollar showed a minor uptick in strong Crude oil prices. Canada's manufacturing sales fell by 0.70% in Dec, below the estimate of -0.50%.
Resistance- 1.3600,1.3660
Major support- 1.3480,1.3435
