Bank of America Posts Strong Q4 2024 Results, Shares Rise 
Geopolitical Shocks That Could Reshape Financial Markets in 2025 
Goldman Predicts 50% Odds of 10% U.S. Tariff on Copper by Q1 Close 
U.S. Stocks vs. Bonds: Are Diverging Valuations Signaling a Shift? 
US Futures Rise as Investors Eye Earnings, Inflation Data, and Wildfire Impacts 
Oil Prices Dip Slightly Amid Focus on Russian Sanctions and U.S. Inflation Data 
Stock Futures Dip as Investors Await Key Payrolls Data 
S&P 500 Relies on Tech for Growth in Q4 2024, Says Barclays 
UBS Predicts Potential Fed Rate Cut Amid Strong US Economic Data 
US Gas Market Poised for Supercycle: Bernstein Analysts 
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 
Mexico's Undervalued Equity Market Offers Long-Term Investment Potential 
Indonesia Surprises Markets with Interest Rate Cut Amid Currency Pressure 
UBS Projects Mixed Market Outlook for 2025 Amid Trump Policy Uncertainty 
European Stocks Rally on Chinese Growth and Mining Merger Speculation 
Global Markets React to Strong U.S. Jobs Data and Rising Yields 
The US dollar index extended its bearish trend from a minor top of 104.97 due to upbeat market sentiment. The US index, especially the NASDAQ, hit an all-time high and gained momentum after upbeat earnings from NVIDIA.
The hawkish FOMC meeting minutes and strong US flash manufacturing PMI support the US dollar index at a lower level. It hit a low of 103.43 and is currently trading around 1033.97.
According to the CME Fed watch tool, the probability of a no-rate cut in Mar increased to 97.50% from 90% a week ago.
The US 10-year yields declined more than 3% from a multi-month high of 4.35%. The US 10 and 2-year spread narrowed to -38.3% from -53%.
Major resistance- 104.25/105
Major support- 103/102.
EURUSD-
EURUSD pared some of its gains after the ECB speakers' dovish comments. ECB Governing Council member Mario Centeno told Bloomberg News in an interview that the central bank should go for an early rate cut in March.
German Ifo business climate rose to 85.50 in Feb from 85.2 the previous month.
Major resistance-1.0880,1.0935
Major support- 1.0760,1.0700
Yen-
The pair showed a minor sell-off as US yields declined. Any break below 149.50 confirms minor weakness.
Major Resistance- 151,152
Major support- 148,146.50
Canadian Dollar
The pair holds above 1.3500 on easing crude oil prices. The policy divergence between the US Fed and BOC also supports the pair at lower levels.
Resistance- 1.3550,1.3600
Major support- 1.3435,1.3380
