U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures 
Oil Prices Dip Slightly Amid Focus on Russian Sanctions and U.S. Inflation Data 
US Gas Market Poised for Supercycle: Bernstein Analysts 
Mexico's Undervalued Equity Market Offers Long-Term Investment Potential 
Gold Prices Slide as Rate Cut Prospects Diminish; Copper Gains on China Stimulus Hopes 
Trump’s "Shock and Awe" Agenda: Executive Orders from Day One 
Global Markets React to Strong U.S. Jobs Data and Rising Yields 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
U.S. Stocks vs. Bonds: Are Diverging Valuations Signaling a Shift? 
Lithium Market Poised for Recovery Amid Supply Cuts and Rising Demand 
European Stocks Rally on Chinese Growth and Mining Merger Speculation 
Geopolitical Shocks That Could Reshape Financial Markets in 2025 
US Futures Rise as Investors Eye Earnings, Inflation Data, and Wildfire Impacts 
Moody's Upgrades Argentina's Credit Rating Amid Economic Reforms 
2025 Market Outlook: Key January Events to Watch 
UBS Projects Mixed Market Outlook for 2025 Amid Trump Policy Uncertainty 
Urban studies: Doing research when every city is different 
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
