US Futures Rise as Investors Eye Earnings, Inflation Data, and Wildfire Impacts 
UBS Projects Mixed Market Outlook for 2025 Amid Trump Policy Uncertainty 
2025 Market Outlook: Key January Events to Watch 
China's Refining Industry Faces Major Shakeup Amid Challenges 
European Stocks Rally on Chinese Growth and Mining Merger Speculation 
Goldman Predicts 50% Odds of 10% U.S. Tariff on Copper by Q1 Close 
Stock Futures Dip as Investors Await Key Payrolls Data 
U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures 
UBS Predicts Potential Fed Rate Cut Amid Strong US Economic Data 
Moldova Criticizes Russia Amid Transdniestria Energy Crisis 
U.S. Banks Report Strong Q4 Profits Amid Investment Banking Surge 
Gold Prices Slide as Rate Cut Prospects Diminish; Copper Gains on China Stimulus Hopes 
China’s Growth Faces Structural Challenges Amid Doubts Over Data 
Mexico's Undervalued Equity Market Offers Long-Term Investment Potential 
Wall Street Analysts Weigh in on Latest NFP Data 
Global Markets React to Strong U.S. Jobs Data and Rising Yields 
Moody's Upgrades Argentina's Credit Rating Amid Economic Reforms 
US dollar Index-
The US dollar index rebounded more than 50 pip amid weak US PPI data. It hit a high of 105.28 yesterday and is currently trading around 105.245.
The Producer Price Index in the US rose 2.2% YoY in May, below the estimate of 2.5%.US PPI for final demand declined -0.20%m/m in May, below expectations of 0.20%. The number of people who have filed for unemployment benefits rose by 13000 to 242k in the week ending June 8th, above expectations of 242K.
According to the CME Fed watch tool, the probability of a 25 bpbs rate cut in Sep increased to 59% from 55.40% a week ago.
The US 10-year yield slipped more than 4% in the past two days on easing US CPI and PPI.
Major resistance- 105.50/107
Major support- 103.80/103
EURUSD-
EURUSD is trading weak amid Europe's political uncertainty and further rate-cut hopes. It hit a low of 1.07316 and is currently trading around 1.07414.
ECB Governing Council member Bostjan Vasle said that the ECB would cut rates further if economic data supports it. Vasile said, "If the baseline scenario is realized and the data are favorable, then we can probably expect further rate cuts already this year, and then also next year."
Major resistance-1.0800,1.0865
Major support- 1.0720,1.0650
Yen-
The yen continues to trade weak ahead of BOJ's monetary policy. The central bank is expected to keep rates unchanged. Markets speculate that BOJ may taper its monthly bond-buying program. 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 dovish comments from BOC Gov Macklem. Any break above 1.3800 confirms further bullishness.
Resistance- 1.3800, 1.3900
Major support- 1.3700,1.3600
