Moldova Criticizes Russia Amid Transdniestria Energy Crisis 
Trump’s "Shock and Awe" Agenda: Executive Orders from Day One 
Wall Street Analysts Weigh in on Latest NFP Data 
European Stocks Rally on Chinese Growth and Mining Merger Speculation 
Stock Futures Dip as Investors Await Key Payrolls Data 
UBS Projects Mixed Market Outlook for 2025 Amid Trump Policy Uncertainty 
China's Refining Industry Faces Major Shakeup Amid Challenges 
Indonesia Surprises Markets with Interest Rate Cut Amid Currency Pressure 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
U.S. Banks Report Strong Q4 Profits Amid Investment Banking Surge 
Lithium Market Poised for Recovery Amid Supply Cuts and Rising Demand 
UBS Predicts Potential Fed Rate Cut Amid Strong US Economic Data 
U.S. Stocks vs. Bonds: Are Diverging Valuations Signaling a Shift? 
Fed May Resume Rate Hikes: BofA Analysts Outline Key Scenarios 
U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures 
Geopolitical Shocks That Could Reshape Financial Markets in 2025 
US dollar Index-
The US dollar index gained moderately after a massive sell-off.It hit a high of 104.36 and is currently trading at around 104.337.
“The implication of that is that if you wait until inflation gets all the way down to 2%, you’ve probably waited too long, because the tightening that you’re doing, or the level of tightness that you have, is still having effects which will probably drive inflation below 2%,”
US Empire State manufacturing index declines to -6.60 in July vs. the Forecast of -5.50.
According to the CME Fed watch tool, the probability of a 25 bpbs rate cut in Sep increased to 87.6% from 70.2% a week ago.
Major resistance- 105/106.20
Major support- 104/103
US economic data for the day
July 16th, 2024, Core retail sales m/m (12:30 pm GMT)
EURUSD-
EURUSD showed a minor sell-off ahead of US retail sales. It hit a low of 1.08884 and is currently trading around 1.0888.
Market eyes Federal Reserve’s Adriana Kugler speech today for further direction.
Major resistance-1.0920,1.100
Major support- 1.0860,1.0750
Yen-
The yen lost its shine despite the easing of the US treasury yield. Any close above 159.50 confirms further bullishness.
Major Resistance- 160,162
Major support- 157,155.70
Canadian Dollar
The Canadian dollar trades weak ahead of Canadian CPI data. Any break above 1.3700 confirms further bullishness.
Resistance- 1.3660, 1.3725
Major support- 1.3590,1.3535
