Fed May Resume Rate Hikes: BofA Analysts Outline Key Scenarios 
UBS Predicts Potential Fed Rate Cut Amid Strong US Economic Data 
2025 Market Outlook: Key January Events to Watch 
Goldman Predicts 50% Odds of 10% U.S. Tariff on Copper by Q1 Close 
US Futures Rise as Investors Eye Earnings, Inflation Data, and Wildfire Impacts 
European Stocks Rally on Chinese Growth and Mining Merger Speculation 
China’s Growth Faces Structural Challenges Amid Doubts Over Data 
Mexico's Undervalued Equity Market Offers Long-Term Investment Potential 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Global Markets React to Strong U.S. Jobs Data and Rising Yields 
Moody's Upgrades Argentina's Credit Rating Amid Economic Reforms 
US Gas Market Poised for Supercycle: Bernstein Analysts 
U.S. Banks Report Strong Q4 Profits Amid Investment Banking Surge 
China's Refining Industry Faces Major Shakeup Amid Challenges 
U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures 
Indonesia Surprises Markets with Interest Rate Cut Amid Currency Pressure 
Oil Prices Dip Slightly Amid Focus on Russian Sanctions and U.S. Inflation Data 
The US dollar index recovered more than 70 pips after upbeat US inflation. The US CPI report showed that both the headline and core surged above expectations levels. The US monthly and annual PPI came in above analyst estimates. It hit a high of 103.48 yesterday and is currently trading around 103.459.
US retail sales rose by 0.60% m/m in Feb, below the estimate of 0.80%. Retail sales ex-auto came at 0.30% vs. a Forecast of 0.50%.
According to the CME Fed watch tool, the probability of a no-rate cut in Mar decreased to 99% from 96% a week ago.
Markets eye US Fed monetary policy on Wednesday for further direction.
The US 10-year yields trade higher as the Fed is expected to postpone the rate cut. The US 10 and 2-year spread narrowed to -42.40% from -53%.
Major resistance- 103.60/104.25
Major support- 102.70/102.
EURUSD-
EURUSD trades lower on board-based US dollar buying. The policy divergence between the Fed and the ECB is putting pressure on the Euro at higher levels. Major Eurozone economic data this week
Mar 19th 2024, German ZEW economic sentiment (10 am GMT)
Mar 20th, 2024, ECB President Lagarde speech (8:45 am GMT)
Mar 21st, 2024, German flash manufacturing and services PMI (8:30 am GMT)
Mar 22nd,2024 German Ifo business climate (9 am GMT)
Major resistance-1.09500,1.100
Major support- 1.0850,1.0760
Yen-
The pair jumped more than 150 pips ahead of BOJ's monetary policy. The Bank of Japan expected to keep its negative rates for some more time. Any break above 150 confirms minor bullishness.
Major Resistance- 150,151
Major support- 146.40,145
Canadian Dollar
The Canadian dollar showed a minor sell-off ahead of the Canadian CPI. Any dismal Canadian CPI will push the pair further higher.
Resistance- 1.3550,1.3600
Major support- 1.3435,1.3380
