European Stocks Rally on Chinese Growth and Mining Merger Speculation 
Goldman Predicts 50% Odds of 10% U.S. Tariff on Copper by Q1 Close 
Wall Street Analysts Weigh in on Latest NFP Data 
Bank of America Posts Strong Q4 2024 Results, Shares Rise 
Geopolitical Shocks That Could Reshape Financial Markets in 2025 
Urban studies: Doing research when every city is different 
S&P 500 Relies on Tech for Growth in Q4 2024, Says Barclays 
US Futures Rise as Investors Eye Earnings, Inflation Data, and Wildfire Impacts 
Energy Sector Outlook 2025: AI's Role and Market Dynamics 
U.S. Banks Report Strong Q4 Profits Amid Investment Banking Surge 
China’s Growth Faces Structural Challenges Amid Doubts Over Data 
Moldova Criticizes Russia Amid Transdniestria Energy Crisis 
Oil Prices Dip Slightly Amid Focus on Russian Sanctions and U.S. Inflation Data 
2025 Market Outlook: Key January Events to Watch 
Indonesia Surprises Markets with Interest Rate Cut Amid Currency Pressure 
Moody's Upgrades Argentina's Credit Rating Amid Economic Reforms 
UBS Projects Mixed Market Outlook for 2025 Amid Trump Policy Uncertainty 
US dollar Index-
The US dollar index pared most of its gains on rate cut hopes. It hit a low of 103.65 and is currently trading at around 103.80.
US housing starts rose 3% in June to 1.35 million units, while building permits surged 3.4% to 1.45 million.
According to the CME Fed watch tool, the probability of a 25 bpbs rate cut in Sep increased to 91.70% from 69.7% a week ago.
Major resistance- 105/106.20
Major support- 103.60/103
US economic data for the day
July 18th, 2024, US Philly fed manufacturing index and US initial jobless claims (12:30 pm GMT)
EURUSD-
EURUSD hit an 18-month high on upbeat market sentiment. It hit a high of 1.09480 and is currently trading around 1.09332.
Any hawkish rate pause by the ECB will push the Euro further higher.
Major resistance-1.0950,1.100
Major support- 1.0860,1.0750
Yen-
The yen hits a multi-week high on board-based US dollar weakness. Any close below 156 confirms further bearishness.
Major Resistance- 160,162
Major support- 155.70,154
Canadian Dollar
The Canadian dollar trades flat ahead of Canadian retail sales. Any break above 1.3720 confirms further bullishness.
Resistance- 1.3725, 1.3765
Major support- 1.3660,1.3600
