2025 Market Outlook: Key January Events to Watch 
US Gas Market Poised for Supercycle: Bernstein Analysts 
Geopolitical Shocks That Could Reshape Financial Markets in 2025 
Mexico's Undervalued Equity Market Offers Long-Term Investment Potential 
China’s Growth Faces Structural Challenges Amid Doubts Over Data 
US Futures Rise as Investors Eye Earnings, Inflation Data, and Wildfire Impacts 
Trump’s "Shock and Awe" Agenda: Executive Orders from Day One 
Goldman Predicts 50% Odds of 10% U.S. Tariff on Copper by Q1 Close 
U.S. Stocks vs. Bonds: Are Diverging Valuations Signaling a Shift? 
Indonesia Surprises Markets with Interest Rate Cut Amid Currency Pressure 
UBS Projects Mixed Market Outlook for 2025 Amid Trump Policy Uncertainty 
U.S. Banks Report Strong Q4 Profits Amid Investment Banking Surge 
Global Markets React to Strong U.S. Jobs Data and Rising Yields 
China's Refining Industry Faces Major Shakeup Amid Challenges 
Energy Sector Outlook 2025: AI's Role and Market Dynamics 
Stock Futures Dip as Investors Await Key Payrolls Data 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
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
