Wall Street Analysts Weigh in on Latest NFP Data 
Stock Futures Dip as Investors Await Key Payrolls Data 
Indonesia Surprises Markets with Interest Rate Cut Amid Currency Pressure 
China's Refining Industry Faces Major Shakeup Amid Challenges 
Gold Prices Slide as Rate Cut Prospects Diminish; Copper Gains on China Stimulus Hopes 
Moldova Criticizes Russia Amid Transdniestria Energy Crisis 
Bank of America Posts Strong Q4 2024 Results, Shares Rise 
US Futures Rise as Investors Eye Earnings, Inflation Data, and Wildfire Impacts 
S&P 500 Relies on Tech for Growth in Q4 2024, Says Barclays 
Geopolitical Shocks That Could Reshape Financial Markets in 2025 
UBS Predicts Potential Fed Rate Cut Amid Strong US Economic Data 
UBS Projects Mixed Market Outlook for 2025 Amid Trump Policy Uncertainty 
Oil Prices Dip Slightly Amid Focus on Russian Sanctions and U.S. Inflation Data 
U.S. Stocks vs. Bonds: Are Diverging Valuations Signaling a Shift? 
Urban studies: Doing research when every city is different 
U.S. Banks Report Strong Q4 Profits Amid Investment Banking Surge 
The US dollar index pared some of its gains after the dismal US economic data. It hit a high of 105.52 and is currently trading around 105.612.
The US economy slowed to 1.6% at an annual rate well below the forecast of 2.5%. The number of people who have filed for unemployment benefits fell by 5000 to 20700 in the week ended Apr 20th vs. Estimate of 214000.
According to the CME Fed watch tool, the probability of a no-rate cut in June increased to 85.20% from 83.4% a week ago.
Major resistance- 106.50/107
Major support- 105.35/104.45
Economic data for the day
Apr 26th, 2024, US PCE (12:30 pm GMT)
Revised UoM consumer sentiment (2:00 pm)
EURUSD-
EURUSD gained momentum after the weak US GDP data. German consumer confidence improved to -24.2 in May vs. the Estimate of -25.90. Markets eye US PCE data for further movement.
Major resistance-1.0760,1.0800
Major support- 1.0660,1.0600
Yen-
The pair traded above 155 after easing Tokyo CPI data. Markets await BOJ monetary policy for further direction. Any break above 155 confirms major bullishness.
Major Resistance- 156,157
Major support- 154.50,153.50
Canadian Dollar
The Canadian dollar remained strong as an escalation of tension between Iran and Israel pushed crude oil prices higher. Any break below 1.3650 confirms further bearishness.
Resistance- 1.3750,1.3800
Major support- 1.3650,1.3570
