2025 Market Outlook: Key January Events to Watch 
Global Markets React to Strong U.S. Jobs Data and Rising Yields 
Moldova Criticizes Russia Amid Transdniestria Energy Crisis 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
European Stocks Rally on Chinese Growth and Mining Merger Speculation 
S&P 500 Relies on Tech for Growth in Q4 2024, Says Barclays 
Stock Futures Dip as Investors Await Key Payrolls Data 
UBS Predicts Potential Fed Rate Cut Amid Strong US Economic Data 
U.S. Stocks vs. Bonds: Are Diverging Valuations Signaling a Shift? 
U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures 
US Futures Rise as Investors Eye Earnings, Inflation Data, and Wildfire Impacts 
Goldman Predicts 50% Odds of 10% U.S. Tariff on Copper by Q1 Close 
Fed May Resume Rate Hikes: BofA Analysts Outline Key Scenarios 
Urban studies: Doing research when every city is different 
Indonesia Surprises Markets with Interest Rate Cut Amid Currency Pressure 
Mexico's Undervalued Equity Market Offers Long-Term Investment Potential 
U.S. Banks Report Strong Q4 Profits Amid Investment Banking Surge 
The US dollar index trading flat ahead of the US FOMC meeting minutes. It hit a high of 104.79 and is currently trading around 104.65.
Fed Governor Christopher Waller said in a speech yesterday that several more months of favorable inflation data are needed for rate cuts."Central bankers should never say never, but the data suggests that inflation isn't accelerating, and I believe that further increases in the policy rate are probably unnecessary," said Waller.
According to the CME Fed watch tool, the probability of a no-rate cut in June decreased to 93.50% from 96.7% a week ago.
Major resistance- 105/106.50
Major support- 104/103
Economic data for the day
FOMC meeting minutes (6:00 pm GMT)
EURUSD-
EURUSD traded in a narrow range after ECB President Lagarde's speech. It hit a low of 1.08425 yesterday and is currently trading around 1.08532.
ECB President Lagarde indicated that the central bank is planning to cut rates in June due to declining inflation.
Major resistance-1.0900,1.100
Major support- 1.0800,1.0720
Yen-
The pair holds above the 155 level on hawkish comments from Fed members. Any break above 157 confirms further bullishness.
Major Resistance- 157,158
Major support- 154.50,153.40
Canadian Dollar
The Canadian dollar lost momentum after weak inflation data. Canadian inflation cooled in April to 2.7% y/y, from 2.9% in Mar. Any break above 1.3700 confirms further bullishness.
Resistance- 1.3700,1.3765
Major support- 1.3580,1.3535
