Expect higher volatility due to Core PCE data tonight

$E-mini S&P 500 Futures(DEC4) (ESmain.US)$ (4 Hour Chart) -[BULLISH↗ **]We maintain our bullish directional bias as price continues to drift higher above 5680 support level. A further push higher towards 5945 resistance is still expected. Technical indicators are also advocating for a bullish scenario as well.

$USD (USDindex.FX)$ (4 Hour Chart) -[NEUTRAL]View unchanged as DXY is still consolidating sideways between 101.345 resistance and 100.215 support. Only a candlestick close below 100.215 support will open a drop towards next support at 99.460. Technical indicators are mixed for now.

$Gold Futures(DEC4) (GCmain.US)$ (4 Hour Chart) -[BULLISH↗ **]Gold price drifted higher. As long as price is holding above 2674 support, we maintain our bullish directional bias, expecting price to push higher towards 2758.50 resistance is expected. Technical indicators still remains bullish as well.

$OSE Nikkei 225 Futures(DEC4) (NK225main.JP)$ (4 Hour Chart) -[NEUTRAL]As expected, NIKKEI pushed higher and reached previous target. We turn neutral with a slight bullish bias for now as long as price is holding below 39200 resistance. Only a candlestick close above 39200 will confirm further rise towards next resistance at 40800.

$HSI Futures(OCT4) (HSImain.HK)$ (4 Hour Chart) -[BULLISH↗ *]HSI pushed higher, surpassing previous resistance. We turn bullish for now, expecting price to hold above 20200 support and push higher towards next resistance at 21440. Technical indicators are advocating for a bullish scenario for now.

$FTSE Singapore Straits Time Index (.STI.SG)$ (4 Hour Chart) -[BEARISH ↘ *]STI pulling lower. As long as price is holding below 3592.50 resistance, we turn bearish, expecting price to push lower towards 3500 support. Technical indicators are mixed for now with MACD showing a build up in bearish momentum.

US stock indices saw a dip at the open due to a stronger than expected unemployment claims data coupled with US Fed chair Jerome Powell's speech being a non-event. Equities managed to drift higher over last night's trading session and end the session higher. S&P and NASDAQ futures both edged higher by +0.44% and +0.76% respectively, helped by counters like $Micron Technology (MU.US)$ and $Advanced Micro Devices (AMD.US)$ . Traders are now turning their attention to tonight's Core PCE data which will give a hint to the next interest rate guidance by the US Fed.Both

Japan's NIKKEI and Chinese HSI continued to push higher as well as the investors continue to feed off the stimulus provided by the Chinese government. NIKKEI rose by +0.78% this morning as the JPY continued to soften ahead of the selection of a new Prime Minister by Japan's ruling party. HSI also rallied by a further +1.78% and is now challenging the 20000 psychological price level. Certain counters such as $AIA (01299.HK)$ and $MEITUAN-W (03690.HK)$ pushed higher as well by more than +7.00%

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