Multiple economic data in view after rate cut last night

$E-mini S&P 500 Futures(DEC4) (ESmain.US)$ (4 Hour Chart) -[NEUTRAL]We turn neutral as price is currently near 5720 resistance level. We expect price to hover between 5720 resistance and 5665 support level. Technical indicators are leaning towards a bullish scenario.

$USD (USDindex.FX)$ (4 Hour Chart) -[BEARISH ↘ *]We maintain a bearish directional bias as price is near 101.330 resistance level. We expect price to drift down towards 100.910 support level. Technical indicators are mixed, with MACD displaying a bearish momentum.

$Gold Futures(DEC4) (GCmain.US)$ (4 Hour Chart) -[BULLISH↗ *]We stay bullish as price is nearing previous resistance-turned-support level at 2570 level. We expect price to drift towards 2620 resistance level. Technical indicators are mixed, with MACD displaying a bullish scenario

$Nikkei 225 (.N225.JP)$ (4 Hour Chart) -[BEARISH ↘ *]We turn bearish as price has reached the channel line. As long as price holds below 37200 resistance level, we expect price to push lower towards 36500 support level. Technical indicators are mixed.

$HSI Futures(NOV4) (HSImain.HK)$ (4 Hour Chart) -[BULLISH↗ **]As expected, price held above 17500 support level. We expect price to take a pause near 17500 support level, we expect price to drift towards 18000 resistance level. Technical indicators advocate for a bullish scenario as well.

$FTSE Singapore Straits Time Index (.STI.SG)$ (4 Hour Chart) -[BEARISH ↘ *]We continue to stay bearish on STI as we expect price to hold below 3610 resistance level. We expect price to drift towards 3610 resistance before drifting down towards 3550 support level. Technical indicators have yet to indicate a bearish momentum.

US markets closed lower last night, with $E-mini S&P 500 Futures(DEC4) (ESmain.US)$ and $E-mini NASDAQ 100 Futures(DEC4) (NQmain.US)$ dropping down by 0.36% and 0.48%. This comes after Fed's 50-basis-point rate cut last night. Among the other companies, $Intel (INTC.US)$ , $Sysco Corp (SYY.US)$ and $ResMed (RMD.US)$ pushed lower the most by 3.26%, 4.17% and 5.12%. Traders should look out for initial jobless claims, existing home sales and the Philadelphia Fed Manufacturing Index tonight.

Asian markets open mixed today, with $Nikkei 225 (.N225.JP)$ climbing the highest by 2.13%. This is due to weakening of JPY and increased optimism among traders on the economic outlook of the export industries. Traders should look forward to CPI and BoJ interest rate decisions tomorrow morning. $HSI Futures(NOV4) (HSImain.HK)$ opened marginally lower by 0.15%, with weakness observed in the energy minerals sector. There is risk-off sentiment among traders due to low predictability among Chinese traders of China's domestic macro policies and growth outlook. Traders should look towards unemployment rate later. $FTSE Singapore Straits Time Index (.STI.SG)$ edged higher by 0.20%, with $Seatrium Ltd (5E2.SG)$ pushing highest by 2.38%.

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