2025 Market Outlook: Key January Events to Watch 
Wall Street Analysts Weigh in on Latest NFP Data 
Fed May Resume Rate Hikes: BofA Analysts Outline Key Scenarios 
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 
S&P 500 Relies on Tech for Growth in Q4 2024, Says Barclays 
Moody's Upgrades Argentina's Credit Rating Amid Economic Reforms 
Moldova Criticizes Russia Amid Transdniestria Energy Crisis 
Gold Prices Slide as Rate Cut Prospects Diminish; Copper Gains on China Stimulus Hopes 
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 
Lithium Market Poised for Recovery Amid Supply Cuts and Rising Demand 
Indonesia Surprises Markets with Interest Rate Cut Amid Currency Pressure 
China's Refining Industry Faces Major Shakeup Amid Challenges 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
UBS Predicts Potential Fed Rate Cut Amid Strong US Economic Data 
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
