Markets await tonight's ISM manufacturing data

$E-mini S&P 500 Futures(MAR5) (ESmain.US)$ (4 Hour Chart) -[NEUTRAL]We stay neutral with a slight bearish bias as price is currently hovering between 6000 resistance and 5870 support level. A 4 hour candlestick closing below 5870 support level would open drop towards 5820 support level. Technical indicators advocate for a bearish scenario as well.

$USD (USDindex.FX)$ (4 Hour Chart) -[BULLISH↗ *]Price has broke past 108.472 resistance-turn-support level and is currently hovering near 108.472 support level. We stay bullish as we expect price to push towards 109.792 resistance level. Technical indicators are leaning towards a bullish scenario as well.

$Gold Futures(FEB5) (GCmain.US)$ (4 Hour Chart) -[BULLISH↗ **]Price has broke above 2650 resistance-turn-support level and we continue to stay bullish. We expect price to continue pushing towards 2685 resistance level. A 4 hour candlestick closing above 2685 resistance level would open next push towards 2710 resistance level. Technical indicators are advocating for a bullish scenario.

$HSI Futures(JAN5) (HSImain.HK)$ (4 Hour Chart) -[BULLISH↗ *]We lean towards a bullish scenario as price is currently near 19550 support level. We expect price to push towards 19970 resistance level. Technical indicators have yet to indicate a bullish directional bias.

$FTSE Singapore Straits Time Index (.STI.SG)$ (4 Hour Chart) -[BULLISH↗ **]We maintain a bullish directional bias as price is currently pushing near 3845 resistance level. A 4 hour candlestick closing above 3845 resistance level would open next push towards 3980 resistance level. Technical indicators have yet to advocate for a bullish directional bias.

US markets closed lower last night, with $E-mini S&P 500 Futures(MAR5) (ESmain.US)$ and $E-mini NASDAQ 100 Futures(MAR5) (NQmain.US)$ pushing lower by 0.32% and 0.28% respectively. Markets rallied initially after outperforming initial jobless claims and s&p global manufacturing PMI data. However, markets reversed and pushed lower after major tech stocks dropped. Among the stocks, $Tesla (TSLA.US)$ pushed lower the most by 6.08%. This comes after $Tesla (TSLA.US)$ reporting a drop in its annual vehicle deliveries. Traders should keep an eye out for ISM manufacturing PMI and prices released tonight.

Asian markets opened higher today morning. Japan markets continue to stay closed and would open on Monday. Traders can look towards au Jibun bank services PMI on Monday morning. $HSI Futures(JAN5) (HSImain.HK)$ drifted marginally higher by 0.30%. Notable stocks such as $ZIJIN MINING (02899.HK)$, $XINYI SOLAR (00968.HK)$ and $OOIL (00316.HK)$ pushed up the most by 2.54%, 2.71% and 2.53% respectively. Traders should trade with caution as market currently lack direction till National People's Congress in March for growth target and stimulus measures to be announced. Traders can keep a look out for Caixin services PMI released on Monday morning. $FTSE Singapore Straits Time Index (.STI.SG)$ drifted higher by 0.42% this morning, with most advancement observed from the real estate sector. Traders should keep an eye out for retail sales data later.

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