All eyes on Nvidia earnings tonight

$E-mini S&P 500 Futures(DEC4) (ESmain.US)$ (4 Hour Chart) -[NEUTRAL]We maintain neutral with a slight bullish bias as price is currently hovering around 5955 resistance level. A 4 hour candlestick closing above 5955 resistance level would open push towards 6035 resistance level. Technical indicators are mixed for now, with price holding above 21-EMA.

$USD (USDindex.FX)$ (4 Hour Chart) -[NEUTRAL]We stay neutral as there is no good risk-reward ratio. Price is currently holding between 105.860 support and 106.450 resistance levels. A 4 hour candlestick closing below 105.860 support would open next drop towards 105.500 support level. Technical indicators are mixed for now.

$Gold Futures(DEC4) (GCmain.US)$ (4 Hour Chart) -[BULLISH↗ *]We maintain a bullish directional bias as price pushed above 2625 support level. We expect price to continue pushing towards 2715 resistance level. Technical indicators are mixed for now, with price holding above 21-EMA period.

$Nikkei 225 (.N225.JP)$ (4 Hour Chart) -[BEARISH ↘ **]We stay bearish as price is currently near 38620 resistance level. We expect price to drift down towards 37630 support level. Technical indicators are leaning towards a bearish scenario as well.

$HSI Futures(NOV4) (HSImain.HK)$ (4 Hour Chart) -[NEUTRAL]We stay neutral with a slight bullish bias as price is hovering between 19360 support and 19990 resistance level. A 4 hour candlestick closing above 19990 resistance level would open next push towards 20600 resistance level. Technical indicators are mixed for now.

$FTSE Singapore Straits Time Index (.STI.SG)$ (4 Hour Chart) -[BULLISH↗ **]We maintain a bullish directional bias as long as price holds above 3725 support level. We expect price to push towards 3820 resistance level. Technical indicators are advocating for a bullish scenario as well.

US markets closed higher last night. $E-mini S&P 500 Futures(DEC4) (ESmain.US)$ and $E-mini NASDAQ 100 Futures(DEC4) (NQmain.US)$ edged higher by 0.32% and 0.65% respectively. There is risk-on sentiment among traders of Nvidia's upcoming earning reports, with $NVIDIA (NVDA.US)$ pushing the most by 4.90% last night. However, markets experienced early weakness as tensions between Russia and Ukraine escalate after Biden authorised Ukraine to utilise longer range missiles inside Russia and Russia deploying North Korean troops alongside its borders with Ukraine. Traders should look towards Nvidia's earnings reports tonight.

Asian markets open mixed today morning. $Nikkei 225 (.N225.JP)$ edged lower by 0.52% due to the strengthening of JPY after escalating tensions between Russia and Ukraine and underperforming trade balance data. The finance sector experienced the most retracement, with $Tokio Marine Holdings (8766.JP)$ and $MS&AD Insurance Group Holdings (8725.JP)$ pushing lower by 6.99% and 5.14% respectively. $HSI Futures(NOV4) (HSImain.HK)$ drifted marginally higher by 0.13% as China loan prime rate 5Y and PBoC loan prime rate met analyst's expectations. Notable stocks such as $BYD ELECTRONIC (00285.HK)$ and $CHINAHONGQIAO (01378.HK)$ climbed the most by 2.31% and 2.87% respectively. Traders are currently looking into China's domestic sectors with expectations of a stimulus by the China government to offset the expected higher tariffs. $FTSE Singapore Straits Time Index (.STI.SG)$ dipped by 0.28% this morning, with weakness observed from the communications sector. $Singtel (Z74.SG)$ dropped the most by 2.79%.

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