Wall Street Analysts Weigh in on Latest NFP Data 
UBS Predicts Potential Fed Rate Cut Amid Strong US Economic Data 
Moody's Upgrades Argentina's Credit Rating Amid Economic Reforms 
Indonesia Surprises Markets with Interest Rate Cut Amid Currency Pressure 
2025 Market Outlook: Key January Events to Watch 
UBS Projects Mixed Market Outlook for 2025 Amid Trump Policy Uncertainty 
U.S. Banks Report Strong Q4 Profits Amid Investment Banking Surge 
Gold Prices Slide as Rate Cut Prospects Diminish; Copper Gains on China Stimulus Hopes 
Moldova Criticizes Russia Amid Transdniestria Energy Crisis 
Lithium Market Poised for Recovery Amid Supply Cuts and Rising Demand 
Stock Futures Dip as Investors Await Key Payrolls Data 
S&P 500 Relies on Tech for Growth in Q4 2024, Says Barclays 
China's Refining Industry Faces Major Shakeup Amid Challenges 
China’s Growth Faces Structural Challenges Amid Doubts Over Data 
U.S. Stocks vs. Bonds: Are Diverging Valuations Signaling a Shift? 
Urban studies: Doing research when every city is different 
Oil Prices Dip Slightly Amid Focus on Russian Sanctions and U.S. Inflation Data 
The US dollar index showed a minor pullback after a massive sell-off. The index was one of the worst performers the previous month on rate cut hopes. Markets eye US Nonfarm payroll data for further direction.
According to the CME Fed watch tool, the probability of a 25 bpbs rate cut in Jan increased to 15% from 14.5% a week ago.
The US 10-year yield trade lost more than 20% from an all-time high of 5.02%. The US 10 and 2-year spread narrowed to -38% from -53.6%.
Major resistance- 102/103
Major support- 100.70/100.
EURUSD-
EURUSD pared some of its gains due to profit booking. Markets are expecting a fresh momentum after the holiday mood. The policy divergence between the US Fed and ECB and any indicative close below 1.1500 confirms further bullishness. Markets await Eurozone PMI and German CPI for further momentum.
Major resistance-1.1070,1.1500
Major support- 1.100,1.1.0935
Yen-
The yen gaining momentum as BOJ will end the negative interest rate regime.
Major Resistance- 142,143
Major support- 140.70,140
Canadian Dollar
The pair showed a minor pullback on easing crude oil prices.
Major Resistance- 1.3270,1.3300
Major support- 1.3170, 1.3100
Economic calendar -
Jan 3rd, 2024, US IS Manufacturing PMI (3:00 pm GMT)
FOMC meeting minutes (7:00 pm GMT)
Jan 4th, 2024, German Prelim CPI m/m
US ADP employment data (1:30 pm GMT)
Jan 5th, 2024, US Nonfarm payroll (1:30 pm GMT)
US ISM services PMI (3 pm GMT)
