Fed May Resume Rate Hikes: BofA Analysts Outline Key Scenarios 
Global Markets React to Strong U.S. Jobs Data and Rising Yields 
Indonesia Surprises Markets with Interest Rate Cut Amid Currency Pressure 
Energy Sector Outlook 2025: AI's Role and Market Dynamics 
S&P 500 Relies on Tech for Growth in Q4 2024, Says Barclays 
US Gas Market Poised for Supercycle: Bernstein Analysts 
Geopolitical Shocks That Could Reshape Financial Markets in 2025 
UBS Predicts Potential Fed Rate Cut Amid Strong US Economic Data 
US Futures Rise as Investors Eye Earnings, Inflation Data, and Wildfire Impacts 
Wall Street Analysts Weigh in on Latest NFP Data 
U.S. Stocks vs. Bonds: Are Diverging Valuations Signaling a Shift? 
Lithium Market Poised for Recovery Amid Supply Cuts and Rising Demand 
Moldova Criticizes Russia Amid Transdniestria Energy Crisis 
Oil Prices Dip Slightly Amid Focus on Russian Sanctions and U.S. Inflation Data 
Moody's Upgrades Argentina's Credit Rating Amid Economic Reforms 
Stock Futures Dip as Investors Await Key Payrolls Data 
UBS Projects Mixed Market Outlook for 2025 Amid Trump Policy Uncertainty 
US dollar Index-
The US dollar index gained sharply after upbeat US Non Farm Payroll data.It hit a low of 104.04 yesterday and is currently trading around 104.10..
US economy added 272000 jobs in May, above the forecast of 182000. The unemployment rate ticked up to 4% from 3.9%. Average wages rose to 4.1% Yoy vs 3.9% YoY. The US ISM manufacturing PMI contracts in May, while the services PMI gained above 50.
Markets anticipate a hawkish Fed rate pause due to strong US inflation and mixed US economic data.
According to the CME Fed watch tool, the probability of a no-rate cut in June decreased to 98.4% from 98.90% a week ago.
Major US economic data for the week
June 12th, CPI m/m (12:30 pm GMT)
Federal funds rate (6 pm GMT)
June 13th 2024, US PPI (12:30 pm GMT)
Major resistance- 105/106.50
Major support- 104/103
EURUSD-
EURUSD lost its shine last week after ECB monetary policy. It hit a low of 1.07664 and is currently trading around 1.07722.
ECB cuts rates by 25 bpbs to 3.75% for the first time since 2019. "The Governing Council will continue to follow a data-dependent and meeting-by-meeting approach to determining the appropriate level and duration of restriction," the ECB said in a statement. The policy divergence between US Fed and ECB puts pressure on pair at higher levels.
Major resistance-1.0835,1.0900
Major support- 1.0760,1.0650
Yen-
The yen lost its momentum after strong upbeat US jobs data. Any break above 158 confirms further bullishness.
Major Resistance- 158,160
Major support- 156,154.50
Canadian Dollar
The pair trades above 1.3750 despite strong Canadian jobs data. The Canadian economy has added 26700 jobs in May above forecast of 248000. Any break above 1.3770 confirms further bullishness.
Resistance- 1.3800,1.3900
Major support- 1.3600,1.3535
