2025 Market Outlook: Key January Events to Watch 
Bank of America Posts Strong Q4 2024 Results, Shares Rise 
UBS Predicts Potential Fed Rate Cut Amid Strong US Economic Data 
Urban studies: Doing research when every city is different 
Geopolitical Shocks That Could Reshape Financial Markets in 2025 
European Stocks Rally on Chinese Growth and Mining Merger Speculation 
Moody's Upgrades Argentina's Credit Rating Amid Economic Reforms 
Indonesia Surprises Markets with Interest Rate Cut Amid Currency Pressure 
Global Markets React to Strong U.S. Jobs Data and Rising Yields 
Stock Futures Dip as Investors Await Key Payrolls Data 
China’s Growth Faces Structural Challenges Amid Doubts Over Data 
Trump’s "Shock and Awe" Agenda: Executive Orders from Day One 
U.S. Banks Report Strong Q4 Profits Amid Investment Banking Surge 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
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 
Wall Street Analysts Weigh in on Latest NFP Data 
The US dollar index declined more than 50 pips after weak US economic data. It hit a low of 105.59 yesterday and is currently trading around 105.65.
US S&P manufacturing PMI cooled to 49.90 in Apr compared to a forecast of 52, composite declined to 50.90 vs. the Estimate of 52.
According to the CME Fed watch tool, the probability of a no-rate cut in June increased to 84.60% from 82.70% a week ago.
Major resistance- 106.50/107
Major support- 105.35/104.45
Economic data for the day
Apr 24th, 2024, Core Durable Goods Orders m/m
EURUSD-
EURUSD holds above 1.0700 on upbeat Eurozone PMI. The Eurozone services PMI recovered to 52.90 compared to a forecast of 51.80.While the Eurozone manufacturing PMI worsened to 45.6 from 46.10 the previous month.
Eurozone economic calendar today
Apr 24th, 2024, German IFO business climate (12:30 pm GMT)
Major resistance-1.0760,1.0800
Major support- 1.0660,1.0600
Yen-
The pair trades near a 34-year high on policy divergence.EX-OFFICIAL: JAPAN IS VERY CLOSE TO INTERVENTION IF YEN FALLS MORE. Any break above 155 confirms major bullishness.
Major Resistance- 155,156
Major support- 153.70,152.68
Canadian Dollar
The Canadian dollar gained momentum ahead of retail sales. Any break below 1.3650 confirms further bearishness
Resistance- 1.3700,1.3765
Major support- 1.3650,1.3570
