US Futures Rise as Investors Eye Earnings, Inflation Data, and Wildfire Impacts 
U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures 
US Gas Market Poised for Supercycle: Bernstein Analysts 
U.S. Banks Report Strong Q4 Profits Amid Investment Banking Surge 
Wall Street Analysts Weigh in on Latest NFP Data 
Urban studies: Doing research when every city is different 
China’s Growth Faces Structural Challenges Amid Doubts Over Data 
UBS Predicts Potential Fed Rate Cut Amid Strong US Economic Data 
Oil Prices Dip Slightly Amid Focus on Russian Sanctions and U.S. Inflation Data 
UBS Projects Mixed Market Outlook for 2025 Amid Trump Policy Uncertainty 
Goldman Predicts 50% Odds of 10% U.S. Tariff on Copper by Q1 Close 
Moldova Criticizes Russia Amid Transdniestria Energy Crisis 
Moody's Upgrades Argentina's Credit Rating Amid Economic Reforms 
U.S. Stocks vs. Bonds: Are Diverging Valuations Signaling a Shift? 
Lithium Market Poised for Recovery Amid Supply Cuts and Rising Demand 
Gold Prices Slide as Rate Cut Prospects Diminish; Copper Gains on China Stimulus Hopes 
Global Markets React to Strong U.S. Jobs Data and Rising Yields 
US dollar Index-
The US dollar index lost its shine on rate cut hopes. It hit a low of 104.04 and is currently trading at around 104.23.
The headline CPI came at -0.10% compared to a forecast of 0.10%, while core CPI surged by 0.10% m/m vs. Forecast of 0.20%. US PPI rose to 2.6% in June compared to an estimated 2.3%.
According to the CME Fed watch tool, the probability of a 25 bpbs rate cut in Sep increased to 88.10% from 72.2% a week ago.
Major resistance- 105/106.20
Major support- 104/103
US economic data this week
July 15th, 2024, US Empire State Manufacturing Index (12:30 pm GMT)
July 16th, 2024, Core retail sales m/m (12:30 pm GMT)
July 18th, 2024, Unemployment claims and Philly Fed manufacturing index (12:30 pm GMT).
EURUSD-
EURUSD showed a nice jump on upbeat market sentiment. It hit a high of 1.09133 and is currently trading around 1.08925.
The policy divergence between the US Fed and ECB supports the pair at lower levels. Market eyes on the ECB policy meeting and press conference on Thursday for further direction.
Major resistance-1.0920,1.100
Major support- 1.0860,1.0750
Yen-
The yen gained momentum on a weak US dollar and an easing US treasury yield. Any close below 157 confirms further bearishness.
Major Resistance- 158.50,160
Major support- 157,155.70
Canadian Dollar
The Canadian dollar trades weak despite board-based US dollar weakness. Any break below 1.3580 confirms further bearishness.
Resistance- 1.3660, 1.3725
Major support- 1.3590,1.3535
