US dollar Index-
The US dollar index hits a multi-month high on board-based US dollar buying. It hit a high of 106.12 and is currently trading around 106.10.
The US Bureau of Economic Analysis revised its annualized GDP from 1.3% to 1.4% in the previous estimate. US durable goods orders rose 0.10% in May, well above the forecast of -0.1%.
The number of people who have filed declined by 60000 to 233000 in the week ending June 22nd, above the forecast of 233000.
According to the CME Fed watch tool, the probability of a 25 bpbs rate cut in Sep increased to 57.90% from 57.50% a week ago.
US economic data for the day
US PCE (12:30 pm GMT)
Major resistance- 106.20/107
Major support- 103.80/103
EURUSD-
EURUSD lost its shine on the strong US dollar. It hit a low of 1.0660 and is currently trading around 1.06866.
ECB Governing Council member Peter Kazimir said “we could expect one more interest-rate cut this year.”Eurozone economic sentiment declined slightly to 95.9 from 96.10.
Major resistance-1.0720,1.0765
Major support- 1.0650,1.0600
Yen-
The pair showed a minor sell-off on verbal intervention. Any close above 161.27 confirms further bullishness.
Major Resistance- 162,163
Major support- 159.80,15
Canadian Dollar
The pair trades higher ahead of US PCE data. Any break above 1.3730 confirms further bullishness.
Resistance- 1.3730, 1.3800
Major support- 1.3600,1.3535


Lithium Market Poised for Recovery Amid Supply Cuts and Rising Demand
Urban studies: Doing research when every city is different
UBS Projects Mixed Market Outlook for 2025 Amid Trump Policy Uncertainty
Stock Futures Dip as Investors Await Key Payrolls Data
Goldman Predicts 50% Odds of 10% U.S. Tariff on Copper by Q1 Close
Wall Street Analysts Weigh in on Latest NFP Data
U.S. Stocks vs. Bonds: Are Diverging Valuations Signaling a Shift?
European Stocks Rally on Chinese Growth and Mining Merger Speculation
Geopolitical Shocks That Could Reshape Financial Markets in 2025
Gold Prices Slide as Rate Cut Prospects Diminish; Copper Gains on China Stimulus Hopes
Oil Prices Dip Slightly Amid Focus on Russian Sanctions and U.S. Inflation Data
U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures
Moldova Criticizes Russia Amid Transdniestria Energy Crisis
U.S. Banks Report Strong Q4 Profits Amid Investment Banking Surge
Mexico's Undervalued Equity Market Offers Long-Term Investment Potential
Indonesia Surprises Markets with Interest Rate Cut Amid Currency Pressure
US Gas Market Poised for Supercycle: Bernstein Analysts 



