Bank of America Posts Strong Q4 2024 Results, Shares Rise 
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Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
2025 Market Outlook: Key January Events to Watch 
China's Refining Industry Faces Major Shakeup Amid Challenges 
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Gold Prices Slide as Rate Cut Prospects Diminish; Copper Gains on China Stimulus Hopes 
UBS Projects Mixed Market Outlook for 2025 Amid Trump Policy Uncertainty 
US Gas Market Poised for Supercycle: Bernstein Analysts 
Stock Futures Dip as Investors Await Key Payrolls Data 
US Futures Rise as Investors Eye Earnings, Inflation Data, and Wildfire Impacts 
UBS Predicts Potential Fed Rate Cut Amid Strong US Economic Data 
European Stocks Rally on Chinese Growth and Mining Merger Speculation 
U.S. Banks Report Strong Q4 Profits Amid Investment Banking Surge 
U.S. Stocks vs. Bonds: Are Diverging Valuations Signaling a Shift? 
Oil Prices Dip Slightly Amid Focus on Russian Sanctions and U.S. Inflation Data 
Goldman Predicts 50% Odds of 10% U.S. Tariff on Copper by Q1 Close 
The US dollar index trades weak despite strong US economic data. It hit a low of 104.33 and is currently trading around 104.713.
Minneapolis Fed President Neel Kashkari said that “many more months of positive inflation data” before the rate cut.
US Conference Board Consumer Confidence surged to 102.0 in May from 97.50, well above expectations of 96.1.
According to the CME Fed watch tool, the probability of a no-rate cut in June decreased to 99.10% from 96.50% a week ago.
Major resistance- 105/106.50
Major support- 104/103
Economic data for the day
May 30 th 2024, US Richmond Manufacturing Index (2:00 pm GMT)
EURUSD-
EURUSD pared some of its gains by hawkish Fed remarks.It hit a low of 1.08440 and is currently trading around 1.08476.
Major Economic data for the day-
German Prelim CPI m/m (All day)
Major resistance-1.0900,1.100
Major support- 1.0800,1.0720
Yen-
The pair hits a multi-month high amid dovish commentary from BOJ’s official Adachi. Any break above 158 confirms further bullishness.
Major Resistance- 158,160
Major support- 156,154.50
Canadian Dollar
The Canadian dollar showed a minor sell-off despite strong crude oil prices. Canada's Industrial Product Price Index (IPPI), rose 1.5% month over month in April 2024 and increased 1.4% year over year. Any break below 1.3600 confirms further bearishness.
Resistance- 1.3700,1.3765
Major support- 1.3580,1.3535
