Happy Thanksgiving as markets wind down for the holiday

$E-mini S&P 500 Futures(MAR5) (ESmain.US)$ (4 Hour Chart) -[BULLISH↗ **]We maintain our bullish directional bias as we expect price to continue pushing towards 6055 resistance level. A 4 hour candlestick closing above 6055 resistance would open push towards 6120 resistance level. Technical indicators are advocating for a bullish scenario as well.

$USD (USDindex.FX)$ (4 Hour Chart) -[NEUTRAL]We turn neutral with slight bearish bias as price is currently hovering around 106.125 support level. A 4 hour candlestick closing below 106.125 support level would open drop towards next support at 105.463. Technical indicators are leaning towards a bearish directional bias.

$Gold Futures(FEB5) (GCmain.US)$ (4 Hour Chart) -[BULLISH↗ *]We continue to stay bullish as price is currently taking a pause near 2650 resistance-turn-support level. We expect price to push towards 2720 resistance level. Technical indicators are mixed for now, with MACD advocating for a bullish scenario.

$Nikkei 225 (.N225.JP)$ (4 Hour Chart) -[BULLISH↗ *]We stay bullish as price holds above 37660 support level. We expect price to push towards 38760 resistance level. A 4 hour candlestick closing above 38760 resistance level would open next push towards 40000 resistance level. Technical indicators have yet to indicate a bullish scenario.

$HSI Futures(JAN5) (HSImain.HK)$ (4 Hour Chart) -[NEUTRAL]We turn neutral as there is no good risk-reward ratio. Price is currently hovering between 19720 resistance and 19340 support level. A 4 hour candlestick closing above 19720 resistance level would open push towards next resistance level at 19955. Technical indicators are mixed for now, with price holding above 21-EMA period.

$FTSE Singapore Straits Time Index (.STI.SG)$ (4 Hour Chart) -[BULLISH↗ *]We stay bullish as long as price holds above 3670 support level. We expect price to push towards 3770 resistance level. Technical indicators are mixed for now, with MACD advocating for a bullish scenario.

US markets closed lower last night, with $E-mini S&P 500 Futures(MAR5) (ESmain.US)$ and $E-mini NASDAQ 100 Futures(MAR5) (NQmain.US)$ edged lower by 0.39% and 0.96% respectively. Tech sector experienced the most weakness, with $Dell Technologies (DELL.US)$ and $HP Inc (HPQ.US)$ dropping the most by 12.25% and 11.36% respectively. There is risk-off sentiment among traders after strong inflation data and the Fed being cautious of introducing rate cuts. Traders are currently pricing in a 71.7% probability of a quarter-basis-point rate cut by the Fed in December. US markets will be closed tonight for Thanksgiving Holiday.

Asian markets open mixed today morning. $Nikkei 225 (.N225.JP)$ pushed up the most by 0.50%. Finance and consumer durables sector saw the most strength, with $T&D Holdings (8795.JP)$ climbing the most by 12.58%. $HSI Futures(JAN5) (HSImain.HK)$ dipped marginally lower by 0.69%, due to continued risk-off sentiment among traders of Trump's trades. However, traders could look towards possible stimulus by PBoC to spur economic recovery in China. $FTSE Singapore Straits Time Index (.STI.SG)$ drifted marginally higher by 0.24% today. Among the sectors, real estate and retail trade sector advance the most. $CapLand IntCom T (C38U.SG)$ and $DFIRG USD (D01.SG)$ pushed the most by 1.54% and 1.60% respectively.

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