O Magnificent ONE - Nvidia!

US Equities (4 Hour Chart) -[BULLISH ↗ **]As expected, $E-mini S&P 500 Futures(SEP4) (ESmain.US)$ pushed higher overnight and shaped a new all time high. We maintain our bullish directional bias as long as price continues to hold above 5337.00 support. Price is also expected to push higher towards 5440.00 resistance. Technical indicators are advocating for a further bullish scenario.Alternatively: A 4 hour candlestick close below 5337.00 support will open a deeper correction towards next support at 5267.25.

US Dollar (4 Hour Chart) -[NEUTRAL]View remains unchanged as $USD (USDindex.FX)$ is currently consolidating and holding above 103.880 support. We maintain our neutral stance for now with a slight bearish directional bias. Only a candlestick close below 103.880 support will open a deeper drop towards next support at 103.380. Technical indicators are starting to turn bearish.Alternatively: A 4 hour candlestick close above 104.390 resistance will open further rise towards next resistance at 107.770

GoldFutures(4 Hour Chart) -[BULLISH ↗ **]As expected, $Gold Futures(DEC4) (GCmain.US)$ pushed higher and reached previous upside target. We maintain our bullish directional bias for now. As long as gold price holds above 2375.00 support, a further push higher towards 2417.00 resistance is expected. Technical indicators are advocating for a bullish scenario for now.Alternatively: A candlestick close below 2375.00 support will open a drop towards next support at 2357.50.

NIKKEI225Futures(4 Hour Chart) -[NEUTRAL] $Nikkei 225 (.N225.JP)$ consolidating sideways and whipsawing between 39190 resistance and 38250 support. We prefer to turn neutral for now with a slight bullish bias. Only a candlestick close above 39190 resistance will open further rise towards next resistance at 39780. Technical indicators are mixed for now.Alternatively: A candlestick close below 38350 support will open a deeper pullback towards next support at 37890.

HSI Futures (4 Hour Chart) -[BULLISH ↗ *]As expected, $HSI Futures(AUG4) (HSImain.HK)$ held nicely above previous support at 17960 and is bouncing higher. We maintain our bullish bias above this level, expecting price to push higher towards 19600 resistance. Technical indicators remain bullish for now. The MACD indicator still shows a slowdown in short term bullish momentum.Alternatively: A candlestick close below 17960 support will open a drop towards next support at 17100.

SG Equities (4 Hour Chart) -[BULLISH ↗ **]View unchanged as $FTSE Singapore Straits Time Index (.STI.SG)$ continues to hold above 3320.00 support. We maintain our bullish bias for now and still expect a further push up towards next resistance at 3390.00. Technical indicators are advocating for a bullish scenario as well.Alternatively: A candlestick close below 3320.00 support will open a correction towards next support at 3264.50.

US Stock futures made new all time highs yet again. This comes as the "Magnificent Seven" led the strong rally with $NVIDIA (NVDA.US)$ leading the pack. NVDA added+5%at the end of last night's trading session. With this new all-time high, the S&P and NASDAQ futures both closed higher by+1.15%and+2.04%respectively. This strong rally comes hours before initial jobless claims data which is expected to come out softer than expected, fueling the narrative that US Fed will be cutting rates first in November. Canada's central bank is also the first of the G7 group of countries that cut their rates. The ECB (European Central Bank) is also expected to cut its rates in a meeting later today.

Asian markets opened higher this morning and rose across the board. The NIKKEI225 index rose the most, adding+1.23%at the open mirroring the overnight move in the US markets and also buoyed by a near 1% drop in the JPY. HSI climbed by+0.60%this morning as well, due to tech counters like $NTES-S (09999.HK)$ and financial sector pushing higher. The Chinese energy sector saw the most gains today as well with $CNOOC (00883.HK)$ leading the pack. STI drifted higher by+0.50% this morning riding on the recent bullish momentum.

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