UBS Projects Mixed Market Outlook for 2025 Amid Trump Policy Uncertainty 
European Stocks Rally on Chinese Growth and Mining Merger Speculation 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
U.S. Stocks vs. Bonds: Are Diverging Valuations Signaling a Shift? 
China's Refining Industry Faces Major Shakeup Amid Challenges 
UBS Predicts Potential Fed Rate Cut Amid Strong US Economic Data 
China’s Growth Faces Structural Challenges Amid Doubts Over Data 
U.S. Banks Report Strong Q4 Profits Amid Investment Banking Surge 
US Gas Market Poised for Supercycle: Bernstein Analysts 
Lithium Market Poised for Recovery Amid Supply Cuts and Rising Demand 
Gold Prices Slide as Rate Cut Prospects Diminish; Copper Gains on China Stimulus Hopes 
U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures 
Moldova Criticizes Russia Amid Transdniestria Energy Crisis 
Moody's Upgrades Argentina's Credit Rating Amid Economic Reforms 
Oil Prices Dip Slightly Amid Focus on Russian Sanctions and U.S. Inflation Data 
Urban studies: Doing research when every city is different 
US Futures Rise as Investors Eye Earnings, Inflation Data, and Wildfire Impacts 
The US dollar index pared some of its gains despite strong inflation data. It hit a low of 104.14 at the time of writing and is currently trading around 104.229.
US inflation (CPI and PPI) came higher than anticipated, increasing the chance of delay in a rate cut. US retail sales declined by -0.80% in Jan compared to a forecast of -0.20%.
According to the CME Fed watch tool, the probability of a no-rate cut in Mar increased to 89.5% from 84% a week ago.
The US 10-year yields showed a minor pullback after the strong US PPI. The US 10 and 2-year spread narrowed to -36.30% from -53%.
Major resistance- 105/106
Major support- 104.50/103.80.
EURUSD-
EURUSD consolidated in a narrow range of 1.07955 and 1.07225 for the past week. The consumer sentiment released by Michigan Consumer sentiment improved from 79 in Jan to 79.6 in Feb. 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. Markets eye Euro and German flash manufacturing PMI on Thursday for further direction.
Major resistance-1.0760,1.0800
Major support- 1.070,1.06600
Yen-
The pair lost its shine after upbeat Japanese machinery orders and strong 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 due to strong crude oil prices. Canada's wholesale sales rose 0.30% in Dec, below the estimate of -0.70%.
Resistance- 1.3550,1.3600
Major support- 1.3435,1.3380
