Oil Prices Dip Slightly Amid Focus on Russian Sanctions and U.S. Inflation Data 
S&P 500 Relies on Tech for Growth in Q4 2024, Says Barclays 
Moldova Criticizes Russia Amid Transdniestria Energy Crisis 
China’s Growth Faces Structural Challenges Amid Doubts Over Data 
Moody's Upgrades Argentina's Credit Rating Amid Economic Reforms 
US Gas Market Poised for Supercycle: Bernstein Analysts 
Indonesia Surprises Markets with Interest Rate Cut Amid Currency Pressure 
U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures 
2025 Market Outlook: Key January Events to Watch 
Energy Sector Outlook 2025: AI's Role and Market Dynamics 
Bank of America Posts Strong Q4 2024 Results, Shares Rise 
U.S. Stocks vs. Bonds: Are Diverging Valuations Signaling a Shift? 
Trump’s "Shock and Awe" Agenda: Executive Orders from Day One 
Urban studies: Doing research when every city is different 
UBS Projects Mixed Market Outlook for 2025 Amid Trump Policy Uncertainty 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
The Indian rupee gained slightly ahead of Powell's speech at the Jackson Hole symposium. It hit a low of 83.89 yesterday and is currently trading at 83.896.
The policy divergence between the US Fed and RBI puts pressure on the US dollar at higher levels.
RBI minutes-
RBI's minutes show that most of its members voted to keep policy rates unchanged at 6.50%. RBI Governor stated that the increase in food inflation is a factor of concern.
PMI data (India)
The preliminary HSBC India PMI declined to 57.9 in August from 58.1 in July. Services PMI surged to 60.4 in August before 60.3.
US dollar index-
The US dollar index trades flat ahead of the Jackson Hole symposium. It hit a low of 100.92 and is currently trading around 101.34.
According to the CME Fed watch tool, the probability of a 25 bpbs rate cut in Sep increased to 73.5% from 62% a week ago.
Technicals-
Major resistance- 84.25
Near-term resistance - 84
Minor support- 83.60, 83.25
Trend reversal level- 83
