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European Stocks Rally on Chinese Growth and Mining Merger Speculation 
U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures 
Goldman Predicts 50% Odds of 10% U.S. Tariff on Copper by Q1 Close 
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Oil Prices Dip Slightly Amid Focus on Russian Sanctions and U.S. Inflation Data 
China's Refining Industry Faces Major Shakeup Amid Challenges 
US Futures Rise as Investors Eye Earnings, Inflation Data, and Wildfire Impacts 
Wall Street Analysts Weigh in on Latest NFP Data 
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2025 Market Outlook: Key January Events to Watch 
US dollar Index-
The US dollar index holds above 105.50 amid mixed US economic data. It hit a low of 105.78 and is currently trading around 105.67.
US Richmond manufacturing index slowed in June to -10 vs. Forecast of -3. US CB consumer confidence drops to 100.40 in June from the previous month's 101.34.
According to the CME Fed watch tool, the probability of a 25 bpbs rate cut in Sep increased to 59.50% from 61.7% a week ago.
US economic data for the day
US new home sales (2 pm GMT)
Major resistance- 106/107
Major support- 103.80/103
EURUSD-
EURUSD is consolidating in a narrow range with no direction. It hit a low of 1.06904 yesterday and is currently trading around 1.07098.
Euro economic data
German Gfk consumer climate
Major resistance-1.0760,1.0835
Major support- 1.0650,1.0600
Yen-
The pair is struggling to break above 160 level on intervention fears. Any close above 160.20 confirms further bullishness.
Major Resistance- 160.20,162
Major support- 158,156
Canadian Dollar
The Canadian dollar gained momentum after strong CPI data. It rose to 2.9% YoY, above the estimate of 2.6%. Any break below 1.3600 confirms further bullishness.
Resistance- 1.3730, 1.3800
Major support- 1.3600,1.3535
