U.S. Banks Report Strong Q4 Profits Amid Investment Banking Surge 
Wall Street Analysts Weigh in on Latest NFP Data 
Stock Futures Dip as Investors Await Key Payrolls Data 
Energy Sector Outlook 2025: AI's Role and Market Dynamics 
Moody's Upgrades Argentina's Credit Rating Amid Economic Reforms 
Lithium Market Poised for Recovery Amid Supply Cuts and Rising Demand 
UBS Predicts Potential Fed Rate Cut Amid Strong US Economic Data 
China's Refining Industry Faces Major Shakeup Amid Challenges 
European Stocks Rally on Chinese Growth and Mining Merger Speculation 
Moldova Criticizes Russia Amid Transdniestria Energy Crisis 
Global Markets React to Strong U.S. Jobs Data and Rising Yields 
Geopolitical Shocks That Could Reshape Financial Markets in 2025 
Mexico's Undervalued Equity Market Offers Long-Term Investment Potential 
Goldman Predicts 50% Odds of 10% U.S. Tariff on Copper by Q1 Close 
U.S. Stocks vs. Bonds: Are Diverging Valuations Signaling a Shift? 
Indonesia Surprises Markets with Interest Rate Cut Amid Currency Pressure 
US Futures Rise as Investors Eye Earnings, Inflation Data, and Wildfire Impacts 
The US dollar index was trading flat ahead of the US FOMC rate decision. It hit a high of 106.18 and is currently trading around 105.83.
According to the CME Fed watch tool, the probability of a no-rate cut in June increased to 88.40% from 83.50% a week ago.
Major resistance- 106.50/107
Major support- 105.35/104.45
Economic data for the day
Apr 30th, 2024, Chicago PMI (1:45 pm GMT)
US CB consumer confidence (2 pm GMT)
S&P/CS Composite-20 HPI y/y (1 pm GMT)
EURUSD-
EURUSD showed a minor decline despite strong German CPI. Annual German inflation came unchanged at 2.2%. It rose 0.50% m/m in Apr from 0.40% in Mar.
Major Eurozone Economic data this week
Apr 30th, 2024, Core CPI Flash estimate y/y
Major resistance-1.0760,1.0800
Major support- 1.0660,1.0600
Yen-
The pair pared most of its gains after speculation of FX intervention. Any break below 154.95 confirms major bullishness.
Major Resistance- 161,163
Major support- 154.50,153.50
Canadian Dollar
The Canadian dollar lost its shine on weak crude oil prices. Any break below 1.3600 confirms further bearishness.
Resistance- 1.3700,1.3750
Major support- 1.3660,1.3600
