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


US Futures Rise as Investors Eye Earnings, Inflation Data, and Wildfire Impacts
China’s Growth Faces Structural Challenges Amid Doubts Over Data
Gold Prices Slide as Rate Cut Prospects Diminish; Copper Gains on China Stimulus Hopes
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed
Moody's Upgrades Argentina's Credit Rating Amid Economic Reforms
Goldman Predicts 50% Odds of 10% U.S. Tariff on Copper by Q1 Close
U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures
Wall Street Analysts Weigh in on Latest NFP Data
Moldova Criticizes Russia Amid Transdniestria Energy Crisis
China's Refining Industry Faces Major Shakeup Amid Challenges
Trump’s "Shock and Awe" Agenda: Executive Orders from Day One
Stock Futures Dip as Investors Await Key Payrolls Data
Oil Prices Dip Slightly Amid Focus on Russian Sanctions and U.S. Inflation Data
Indonesia Surprises Markets with Interest Rate Cut Amid Currency Pressure
Urban studies: Doing research when every city is different
U.S. Stocks vs. Bonds: Are Diverging Valuations Signaling a Shift?
S&P 500 Relies on Tech for Growth in Q4 2024, Says Barclays 



