Muted trading session expected as traders look to Jackson Hole Symposium

$E-mini S&P 500 Futures(MAR5) (ESmain.US)$ (4 Hour Chart) -[BULLISH↗ **]We maintain our bullish directional bias with good conviction as long as price is holding above 5610.50 support. A further push up towards 5708.50 resistance is expected. Technical indicators are advocating for a bullish scenario.

$USD (USDindex.FX)$ (4 Hour Chart) -[NEUTRAL]We turn neutral for now as price failed to push higher. With no good levels for a meaningful risk to reward entry, price is expected to consolidate sideways between 100.830 support and 101.635 resistance. A candlestick close below 100.830 support will open a deeper drop towards 100.00

$Gold Futures(APR5) (GCmain.US)$ (4 Hour Chart) -[BULLISH↗ *]View remains unchanged for now. We stay bullish as long as price holds above 2522.50 support, expecting a pause before resuming a further rise towards 2570.50 resistance. Technical indicators are advocating for a bullish scenario.

$Nikkei 225 (.N225.JP)$ (4 Hour Chart) -[BULLISH↗**]View remains unchanged. We maintain our bullish directional bias for now. With 37470 as support, a further push higher towards 39220 resistance is expected. Technical indicators continue to advocate for a bullish scenario as well.

$HSI Futures(FEB5) (HSImain.HK)$ (4 Hour Chart) -[BULLISH↗ **]Prices form an ascending channel. We turn bullish as prices have reached the ascending channel's support level. We expect price to push towards 18000 resistance level. Technical indicators advocate for a bullish scenario as well.

$FTSE Singapore Straits Time Index (.STI.SG)$ (4 Hour Chart) -[NEUTRAL]We turn neutral as price hovers between 3400 resistance level and 3300 support level. A 4 hour candlestick pushing above 3400 resistance level would open a push towards next resistance level at 3450. Technical indicators are mixed, with price holding above 21-EMA period.

US markets closed higher last night, with $E-mini S&P 500 Futures(MAR5) (ESmain.US)$ and $E-mini NASDAQ 100 Futures(MAR5) (NQmain.US)$ edging higher by 0.39% and 0.50%. There is risk-on sentiment among traders after a downward revision of payrolls and the release of minutes from FOMC meeting last night. Tonight will be important as traders look out for multiple key events: the Jackson Hole symposium, initial jobless claims, US manufacturing PMI, Services PMI and existing home sales data.

Asian markets opened mixed today, with $HSI Futures(FEB5) (HSImain.HK)$ drifting higher the most by 0.79%. This comes with strength from the tech and retail trade sector. $Nikkei 225 (.N225.JP)$ drifted higher as well by 0.66%. $Chugai Pharmaceutical (4519.JP)$ gained the most by moving higher by 5.49%. Traders should keep a lookout for national core CPI data released tomorrow. $FTSE Singapore Straits Time Index (.STI.SG)$ pushed lower by 0.55%. $HongkongLand USD (H78.SG)$, $JMH USD (J36.SG)$, $SATS (S58.SG)$ lead the drop by 1.39%, 1.69% and 1.95% respectively. Markets remain relatively quiet ahead of Jackson Hole symposium tomorrow. Traders should take note of core CPI data released tomorrow.

For full disclaimers, please visit https://www.moomoo.com/sg/support/topic5_935.