Mexico's Undervalued Equity Market Offers Long-Term Investment Potential 
Oil Prices Dip Slightly Amid Focus on Russian Sanctions and U.S. Inflation Data 
Stock Futures Dip as Investors Await Key Payrolls Data 
UBS Predicts Potential Fed Rate Cut Amid Strong US Economic Data 
Bank of America Posts Strong Q4 2024 Results, Shares Rise 
European Stocks Rally on Chinese Growth and Mining Merger Speculation 
China's Refining Industry Faces Major Shakeup Amid Challenges 
U.S. Banks Report Strong Q4 Profits Amid Investment Banking Surge 
China’s Growth Faces Structural Challenges Amid Doubts Over Data 
UBS Projects Mixed Market Outlook for 2025 Amid Trump Policy Uncertainty 
Goldman Predicts 50% Odds of 10% U.S. Tariff on Copper by Q1 Close 
Geopolitical Shocks That Could Reshape Financial Markets in 2025 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
US Futures Rise as Investors Eye Earnings, Inflation Data, and Wildfire Impacts 
Indonesia Surprises Markets with Interest Rate Cut Amid Currency Pressure 
S&P 500 Relies on Tech for Growth in Q4 2024, Says Barclays 
The US dollar index trades weak ahead of US PPI data. It hit a low of 105.05 yesterday and is currently trading around 105.258.
Economists anticipate PPI to increase 0.30% m/m in Apr from 0.20% the previous month. Core PPI, which excludes food and energy costs, is expected to have risen 0.20% month-on-month in line with the estimate.
Dallas Fed President Lorie Logan said that the central bank should keep rates on hold to tackle inflation risks.
According to the CME Fed watch tool, the probability of a no-rate cut in June increased to 96.5% from 91.3% a week ago.
Major resistance- 105.60/106.50
Major support- 104.50/103.80
Major economic data for the week
May 14th, 2024, US PPI (12:30 pm GMT)
Fed Chairman Powell (2 pm GMT)
EURUSD-
EURUSD trading sideways with intraday bias remains neutral. Markets eye US inflation data for further movement. It hit a high of 1.08068 yesterday and is currently trading around 1.07703.
May 14th, 2024, Germany ZEW economic sentiment (9 am GMT)
Major resistance-1.0820,1.0865
Major support- 1.0720,1.0660
Yen-
The pair has been trading higher despite hawkish signals from the Bank of Japan. Any break above 157 confirms further bullishness.
Major Resistance- 157,158
Major support- 155,153.40.
Canadian Dollar
The Canadian dollar trades flat ahead of the US PPI. Any break below 1.3600 confirms further bearishness.
Resistance- 1.3760,1.3800
Major support- 1.3660,1.36000
