Moldova Criticizes Russia Amid Transdniestria Energy Crisis 
Fed May Resume Rate Hikes: BofA Analysts Outline Key Scenarios 
S&P 500 Relies on Tech for Growth in Q4 2024, Says Barclays 
US Gas Market Poised for Supercycle: Bernstein Analysts 
European Stocks Rally on Chinese Growth and Mining Merger Speculation 
Energy Sector Outlook 2025: AI's Role and Market Dynamics 
Moody's Upgrades Argentina's Credit Rating Amid Economic Reforms 
Global Markets React to Strong U.S. Jobs Data and Rising Yields 
2025 Market Outlook: Key January Events to Watch 
Trump’s "Shock and Awe" Agenda: Executive Orders from Day One 
UBS Projects Mixed Market Outlook for 2025 Amid Trump Policy Uncertainty 
Lithium Market Poised for Recovery Amid Supply Cuts and Rising Demand 
US Futures Rise as Investors Eye Earnings, Inflation Data, and Wildfire Impacts 
Gold Prices Slide as Rate Cut Prospects Diminish; Copper Gains on China Stimulus Hopes 
China's Refining Industry Faces Major Shakeup Amid Challenges 
U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures 
Geopolitical Shocks That Could Reshape Financial Markets in 2025 
US dollar Index-
The US dollar index lost its shine after weak inflation data. It hit a low of 104.27 yesterday and is currently trading around 104.79.
US Core CPI came at 0.20% in May below estimate of 0.30%.The annual core CPI rose 3.4% below the analyst estimate 3.5%. Over the last 12 months, CPI increased 3.3% below forecast of 3.4%.
Fed left interest r ates unchanged at 5.25-5.50% as expected. Fed dot plot shows that the central bank will cut rstes by 25 bpbs in 2024 and another 100 bpbs in 2025. In the new dot plot, 4 saw no rate cut in 2024, 7 saw one rate cut and 8 saw two rate cuts.
According to the CME Fed watch tool, the probability of a 25 bpbs rate cut in Sep increased to 56.70% from 46.80% a day ago.
Major resistance- 105.50/107
Major support- 103.80/103
EURUSD-
EURUSD pared some of its gains after hawkish rate pause by Fed. It hit a low of 1.08522 and is currently trading around 1.08042.
The politcial uncertainity in France due to early election called by French President Macron.
German CPI came at 0.10% in May, in line with estimate.
Major resistance-1.0860,1.0935
Major support- 1.0750,1.0660
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 pared its gains after hawkish tilt by Fed.Any break above 1.3800 confirms further bullishness.
Resistance- 1.3800, 1.3900
Major support- 1.3700,1.3600
