European Stocks Rally on Chinese Growth and Mining Merger Speculation 
Mexico's Undervalued Equity Market Offers Long-Term Investment Potential 
Stock Futures Dip as Investors Await Key Payrolls Data 
U.S. Banks Report Strong Q4 Profits Amid Investment Banking Surge 
Trump’s "Shock and Awe" Agenda: Executive Orders from Day One 
Lithium Market Poised for Recovery Amid Supply Cuts and Rising Demand 
Gold Prices Slide as Rate Cut Prospects Diminish; Copper Gains on China Stimulus Hopes 
China’s Growth Faces Structural Challenges Amid Doubts Over Data 
UBS Predicts Potential Fed Rate Cut Amid Strong US Economic Data 
U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures 
Fed May Resume Rate Hikes: BofA Analysts Outline Key Scenarios 
Goldman Predicts 50% Odds of 10% U.S. Tariff on Copper by Q1 Close 
UBS Projects Mixed Market Outlook for 2025 Amid Trump Policy Uncertainty 
Indonesia Surprises Markets with Interest Rate Cut Amid Currency Pressure 
Oil Prices Dip Slightly Amid Focus on Russian Sanctions and U.S. Inflation Data 
Moody's Upgrades Argentina's Credit Rating Amid Economic Reforms 
US dollar Index-
The US dollar index lost its shine after dismal US data. It hit a low of 103.99 and is currently trading around 104.07.
US ISM manufacturing PMI dropped in May to 48.70 vs .forecast of 49.60. the employment index improved to 51.10 from 48.6.
According to the CME Fed watch tool, the probability of a no-rate cut in June decreased to 99.9% from 99.10% a week ago.
Major resistance- 105/106.50
Major support- 104/103
EURUSD-
EURUSD jumped sharply after dismal US ISM data. It hit a high of 1.09160 yesterday and is currently trading around 1.09050.
The weak US ISM PMI has increased the chance of rate cut by Fed. Markets eye ECB monetary policy for further movement.
Major Economic data for the week
ECB Main refinancing rate (12:15 pm GMT)
Major resistance-1.0935,1.1000
Major support- 1.0848,1.0780
Yen-
The yen gained slightly after comments from BOJ Governor. “If underlying inflation moves as we project, we will adjust the degree of monetary support,” Bank of Japan (BoJ) Governor Kazuo Ueda said on Tuesday. 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 after easing Canada PMI data. The S&P global PMI dropped to 49.30 vs forecast of 49.40.Any break below 1.3600 confirms further bearishness.
Resistance- 1.3660,1.3735
Major support- 1.3600,1.3535
