Happy Independence Day as we gear up for NFP tomorrow!

$E-mini S&P 500 Futures(SEP4)(ESmain.US)$ (4 Hour Chart) -[NEUTRAL] S&P edged higher just before the US market closed for a holiday. Index is still holding below 5590.00 resistance. We maintain our neutral view for now. Market is expected to consolidate between 5590.00 resistance and 5540.00 support.

$USD(USDindex.FX)$ (4 Hour Chart) -[NEUTRAL] As expected, DXY dropped lower and reached previous target. We decide to turn neutral for now, expecting the DXY to consolidate between 105.430 resistance and 105.120 support. A candlestick close below 105.120 support will open a deeper drop towards 104.750 support next.

$Gold Futures(AUG4)(GCmain.US)$ (4 Hour Chart) -[BULLISH ↗ *] As expected, gold prices pushed higher, however failed to reach previous target due to thin trading volume. We maintain our low conviction bullish bias for now, still expecting price to push higher towards 2375.00 resistance. Technical indicators are still advocating for a bullish scenario.

$Nikkei 225(.N225.JP)$ (4 Hour Chart) -[BEARISH ↘ *] View remains unchanged. We maintain our low conviction bearish bias with NIKKEI still holding below previous all-time high and key resistance at 40920. Price is still expected to do a short term pullback lower towards near-term support at 40220. Technical indicators are still mixed. Price is holding above 34 period EMA while stochastics is toppish.

$HSI Futures(JUL4)(HSImain.HK)$ (4 Hour Chart) -[BULLISH ↗ *] As expected, HSI pushed higher and reached previous target. We stay bullish for now, as long as price continues to hold above 17860 support. A bounce towards 18150 resistance is now expected. Technical indicators are bullish are advocating for a bullish scenario as well.

$FTSE Singapore Straits Time Index(.STI.SG)$ (4 Hour Chart) -[NEUTRAL] STI pushed higher and is now holding below long term resistance at 3440.00. We turn neutral for now with a slight bullish bias. A candlestick close above 3440.00 resistance will open a further rise towards next resistance at 3585.00. Technical indicators are leaning towards the bullish scenario.

US markets ended yesterday's session higher before turning quiet as traders took a mid-week break to celebrate independence day. $E-mini S&P 500 Futures(SEP4)(ESmain.US)$ and $E-mini NASDAQ 100 Futures(SEP4)(NQmain.US)$ both added +0.51% and +0.89% before markets closed with NASDAQ futures making a new all-time high. Markets was helped by release of the FOMC meeting minutes which showed that majority of the participants unanimously agreed that growth was gradually cooling and are now anticipating an economic slowdown. Traders will be looking forward to nonfarm payroll numbers tomorrow when they come back from their break.

Asian markets mirrored the move in the US markets and pushed higher at the start of today's trading session. Japan's $Nikkei 225(.N225.JP)$ climbed the highest, adding +0.82% today. This comes as the JPY strengthened against the USD after some slight dollar weakness. This prompted fresh speculation that the BoJ will continue to intervene in preventing larger than expected weakening of the JPY. $HSI Futures(JUL4)(HSImain.HK)$ pushed higher by +0.8% for the 3rd consecutive day as tech stocks continue to ride on its bullish momentum. However the rally was slightly muted by China's underperforming Caixin PMI data. $FTSE Singapore Straits Time Index(.STI.SG)$ climbed by +0.55% in line with the global markets but still currently capped below key resistance at 3440.00.

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