Moody's Upgrades Argentina's Credit Rating Amid Economic Reforms 
Geopolitical Shocks That Could Reshape Financial Markets in 2025 
Bank of America Posts Strong Q4 2024 Results, Shares Rise 
European Stocks Rally on Chinese Growth and Mining Merger Speculation 
Mexico's Undervalued Equity Market Offers Long-Term Investment Potential 
Goldman Predicts 50% Odds of 10% U.S. Tariff on Copper by Q1 Close 
Urban studies: Doing research when every city is different 
UBS Projects Mixed Market Outlook for 2025 Amid Trump Policy Uncertainty 
Stock Futures Dip as Investors Await Key Payrolls Data 
China’s Growth Faces Structural Challenges Amid Doubts Over Data 
Lithium Market Poised for Recovery Amid Supply Cuts and Rising Demand 
China's Refining Industry Faces Major Shakeup Amid Challenges 
US Gas Market Poised for Supercycle: Bernstein Analysts 
Trump’s "Shock and Awe" Agenda: Executive Orders from Day One 
S&P 500 Relies on Tech for Growth in Q4 2024, Says Barclays 
Moldova Criticizes Russia Amid Transdniestria Energy Crisis 
The US dollar index holds above 104.50 despite stable US PCE data. It hit a high of 104.72 yesterday and is currently trading around 104.517.
US Core PCE jumped 0.30% in Feb, in line with the estimate. The PCE excluding food and energy rose 2.8% yoy and Jan core PCE was revised to 2.9%.
According to the CME Fed watch tool, the probability of a no-rate cut in June % increased to 66% from 55.20% a day ago.
The US 10-year yields declined slightly after the US PCE data. The US 10 and 2-year spread narrowed to -40.2% from -53%.
Major resistance- 104.50/106
Major support- 103.40/102.70
Apr 1st, 2024, US ISM manufacturing PMI (3 pm GMT)
Apr 3rd, 2024 US ADP Non-farm employment (1:15 pm GMT)
US ISM services PMI (3 pm GMT)
Apr 5th 2024, US NFP (1:30 pm GMT)
EURUSD-
EURUSD trades weak after dismal German retail sales. It fell 2.7% Y/Y in Feb, well below the estimate of 0.80%.
US GDP came at 3.4% in the fourth quarter, above the estimate of 3.2%. The number of people who have filed for unemployment benefits declined to 210K in the week ending March 23rd, compared to a forecast of 215 K.
Eurozone economic data today
Apr 2nd, 2024, German Prelim CPI m/m (All day GMT)
German final Manufacturing PMI (8:55 am GMT)
Major resistance-1.0880,1.0950
Major support- 1.0760,1.0700
Yen-
The pair trades in a narrow range ahead of US economic data. Any break above 152 confirms minor bullishness.
Major Resistance- 152,153
Major support- 150,149
Canadian Dollar
The pair formed a triple top around 1.3620 ahead of US GDP.
Resistance- 1.3620,1.3660
Major support- 1.3550,1.3500
