US dollar Index-
The US dollar index gained slightly ahead of US CPI and US Fed policy. It hit a high of 105.49 yesterday and is currently trading around 105.29.
CPI Market expectations
Headline CPI expected to rose 3.4% YoY in May from 3.4% previous month and 0.10% m/m vs. 0.30% in Apr.
Core CPI - 3.50% YoY vs 3.4% in Apr. On the monthly basis it is expected to decline 0.30%.
Any hawkish rate pause will push the prices further high.
According to the CME Fed watch tool, the probability of a 25 bpbs rate cut in Sep decreased to 48.30% from 57.20% a week ago.
Major resistance- 106/107
Major support- 104.70/103.80
EURUSD-
EURUSD is trasing side ways ahead of US CPI and Fed monetary policy. It hit a low of 1.07194 and is currently trading around 1.07372.
The politcial uncertainity in France puta pressure on Euro at higher levels.
Major resistance-1.0800,1.0900
Major support- 1.0720,1.0650
Yen-
The yen lost its shine on polviy divergence between US Fed and BOJ. Any break above 158 confirms further bullishness.
Major Resistance- 158,160
Major support- 156,154.50
Canadian Dollar
The Canadian dollar gained momentum ahead of BOC Gov Macklem speech.Any break above 1.3800 confirms further bullishness.
Resistance- 1.3800, 1.3900
Major support- 1.3700,1.3600


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
2025 Market Outlook: Key January Events to Watch
European Stocks Rally on Chinese Growth and Mining Merger Speculation
U.S. Banks Report Strong Q4 Profits Amid Investment Banking Surge
Geopolitical Shocks That Could Reshape Financial Markets in 2025
US Gas Market Poised for Supercycle: Bernstein Analysts
S&P 500 Relies on Tech for Growth in Q4 2024, Says Barclays
Mexico's Undervalued Equity Market Offers Long-Term Investment Potential
Moody's Upgrades Argentina's Credit Rating Amid Economic Reforms
Indonesia Surprises Markets with Interest Rate Cut Amid Currency Pressure
Oil Prices Dip Slightly Amid Focus on Russian Sanctions and U.S. Inflation Data
Trump’s "Shock and Awe" Agenda: Executive Orders from Day One
U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures
UBS Projects Mixed Market Outlook for 2025 Amid Trump Policy Uncertainty
U.S. Stocks vs. Bonds: Are Diverging Valuations Signaling a Shift?
UBS Predicts Potential Fed Rate Cut Amid Strong US Economic Data 



