Global Markets React to Strong U.S. Jobs Data and Rising Yields 
Oil Prices Dip Slightly Amid Focus on Russian Sanctions and U.S. Inflation Data 
Gold Prices Slide as Rate Cut Prospects Diminish; Copper Gains on China Stimulus Hopes 
S&P 500 Relies on Tech for Growth in Q4 2024, Says Barclays 
US Gas Market Poised for Supercycle: Bernstein Analysts 
Wall Street Analysts Weigh in on Latest NFP Data 
U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures 
Geopolitical Shocks That Could Reshape Financial Markets in 2025 
China’s Growth Faces Structural Challenges Amid Doubts Over Data 
U.S. Banks Report Strong Q4 Profits Amid Investment Banking Surge 
Goldman Predicts 50% Odds of 10% U.S. Tariff on Copper by Q1 Close 
Lithium Market Poised for Recovery Amid Supply Cuts and Rising Demand 
U.S. Stocks vs. Bonds: Are Diverging Valuations Signaling a Shift? 
European Stocks Rally on Chinese Growth and Mining Merger Speculation 
China's Refining Industry Faces Major Shakeup Amid Challenges 
Fed May Resume Rate Hikes: BofA Analysts Outline Key Scenarios 
Indonesia Surprises Markets with Interest Rate Cut Amid Currency Pressure 
The US dollar index showed a minor pullback ahead of the US CPI. Any weak US inflation data will increase the chance of a rate cut by the Fed. It hit a high of 102.93 and is currently trading around 102.824.
According to the CME Fed watch tool, the probability of a no-rate cut in Mar decreased to 97% from 98% a week ago.
The US 10-year yields pared most of its gains ahead of US CPI. The US 10 and 2-year spread narrowed to -43.80% from -53%.
Major resistance- 104.25/105
Major support- 102.30/101.60.
EURUSD-
EURUSD consolidates in a narrow range after a minor pullback. Major European economic data to watch
German final CPI m/m
Major resistance-1.09500,1.100
Major support- 1.0850,1.0760
Yen-
The yen showed a minor weakness after dovish comments from the BOJ governor. Any break below 146.40 confirms minor bearishness.
Major Resistance- 150,151
Major support- 146.40,145
Canadian Dollar
The Canadian dollar declined slightly despite strong Canadian jobs data. Strong crude oil also supports the Canadian dollar at lower levels.
Resistance- 1.3550,1.3600
Major support- 1.3435,1.3380
