Tech Earnings, ADP Jobs, and GDP take the Stage

$E-mini S&P 500 Futures(MAR5) (ESmain.US)$ (4 Hour Chart) -[BULLISH↗ *]We stay bullish as long as price holds above 5815 support level. We expect price to push towards 5930 resistance level. A 4 hour candlestick closing above 5930 resistance level would open next push towards 5990 resistance level. Technical indicators are mixed, with prices holding above 21-EMA period.

$USD (USDindex.FX)$ (4 Hour Chart) -[NEUTRAL]We turn neutral with a slight bullish bias as prices are currently hovering between 104.049 support and 104.558 resistance level. A 4 hour candlestick closing above 104.55 resistance level would open push towards next resistance at 105.204. Technical indicators are mixed for now.

$Gold Futures(FEB5) (GCmain.US)$ (4 Hour Chart) -[BULLISH↗ **]We maintain a bullish directional bias as price is currently holding an ascending channel. As long as prices hold above 2730 support level, we can expect price to continue pushing towards 2825 resistance level. Technical indicators are leaning towards a bullish scenario as well.

$Nikkei 225 (.N225.JP)$ (4 Hour Chart) -[BULLISH↗ **]We stay bullish as long as prices are holding above 38780 support level. We expect price to continue pushing higher, towards 39800 resistance level. A 4 hour candlestick pushing above 39800 resistance would open next push towards 40320 level.

$HSI Futures(DEC4) (HSImain.HK)$ (4 Hour Chart) -[NEUTRAL]We turn neutral with slight bearish bias as prices are currently hovering between 20900 resistance and 20000 support. A 4 hour candlestick closing below 20000 support would open next drop towards 19870 support level. Technical indicators are mixed.

$FTSE Singapore Straits Time Index (.STI.SG)$ (4 Hour Chart) -[BEARISH ↘ *]We turn bearish as price has been making lower highs and lower lows. We expect price to drift towards 3560 support level. Technical indicators are leaning towards a bearish momentum as well.

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 0.16% and 0.97% respectively. This comes after outperforming CB consumer confidence and Alphabet earnings which came above estimations. Tech sector saw the greatest strength last night. Traders should look towards ADP nonfarm employment change and GDP data out tonight. $Microsoft (MSFT.US)$ , $Meta Platforms (META.US)$ , $Eli Lilly and Co (LLY.US)$ and $AbbVie (ABBV.US)$ will be releasing their earnings tonight as well. Thursday will be a crucial day for traders as well, with earnings from $Apple (AAPL.US)$, $Amazon (AMZN.US)$ and $MasterCard (MA.US)$ and economic indicators such as core PCE price index, initial jobless claims and chicago PMI.

Asian markets open mixed today. $Nikkei 225 (.N225.JP)$ pushed higher by 0.87%, with the tech and producer manufacturing sector advancing the most. Among other stocks, $Disco (6146.JP)$ climbed the most by 10.55%. Traders can look out for household confidence data released later. $HSI Futures(DEC4) (HSImain.HK)$ dropped lower by 0.58% as Chinese authorities are contemplating approving the 10-trillion-yuan stimulus package to revive its fragile economy. There is risk-off sentiments among Chinese traders ahead of the US election, where the fiscal pacakge is expected to be futher boosted if Trump wins the elections. Traders should look out for caixin manufacturing PMI released on Friday morning. $FTSE Singapore Straits Time Index (.STI.SG)$ dipped by 0.39% this morning, due to the Big 3 Banks pushing lower. Among the 3 banks, $UOB (U11.SG)$ dropped the most by 1.59%. Traders should look towards business expectations data released later. Tomorrow will be a holiday for Singapore, as the country celebrates Deepavali.

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