Tech sector continues to be risk on with spotlight on CPI data tonight

$E-mini S&P 500 Futures(DEC4) (ESmain.US)$ (4 Hour Chart) -[BULLISH ↗ **] As expected, S&P futures pushed higher and reached previous target. We maintain our bullish bias, expecting price to push higher towards next resistance at 5740.00. Technical indicators are still advocating for a bullish scenario as well.

$USD (USDindex.FX)$ (4 Hour Chart) -[BEARISH ↘ *] DXY broke below previous support, invalidating previous bullish view. We now turn bearish, expecting price to shape a limited drop towards 104.800 support. Price is now holding below 21 period EMA and MACD is still within a bearish environment.

$Gold Futures(DEC4) (GCmain.US)$ (4 Hour Chart) -[NEUTRAL] As expected, gold prices reached our previous target. We now turn neutral for the time being as price is expected to consolidate between 2390.00 resistance and 2374.00 support. Only a candlestick close below 2390.00 resistance will open a further upside towards 2402.00 resistance.

$Nikkei 225 (.N225.JP)$ (4 Hour Chart) -[BULLISH ↗ *] Nikkei225 took a slight dip after reaching all time high. We are bullish on price movements, and expect prices to hit 42800 resistance level before moving to test 41440 support level, and up again. Technical indicators indicate a bullish bias.

$HSI Futures(NOV4) (HSImain.HK)$ (4 Hour Chart) -[BEARISH ↘ *] HSI Index is currently forming a falling wedge, and is rising towards the 17100 resistance level. We are bearish on the price movements and expect prices to fall towards the support trend line. Technical indicators are leaning towards a bearish scenario.

$FTSE Singapore Straits Time Index (.STI.SG)$ (4 Hour Chart) -[BULLISH ↗ **] STI pushed higher today. We are bullish on price movements, and expect price to move towards 3550 resistance level. Technical indicators indicate a bullish run.

US stock market maintained its risk-on sentiment and continued riding on its bullish momentum. Stock indices also saw a very strong push higher ahead of CPI and unemployment numbers later today. $E-mini S&P 500 Futures(DEC4) (ESmain.US)$ and $E-mini NASDAQ 100 Futures(DEC4) (NQmain.US)$ added +1.01% and +1.07% respectively. This surge was brought about by both the technology and materials sector.

Asian markets also rallied in line with the overnight move in the US markets. $HSI Futures(NOV4) (HSImain.HK)$ advanced the most, adding +1.47% shortly after opening and still holding above the 16900/17000 technical support zone. Sectors across the board climbed higher as well, with the financial sector climbing the most with names like $CHINA LIFE (02628.HK)$ and $AIA (01299.HK)$ . $Nikkei 225 (.N225.JP)$ pushed higher by +0.83% as fresh data shows a much higher amount of foreign investments in Japanese equities. Further, electronics and manufacturing sectors helped in lifting the NIKKEI higher. $FTSE Singapore Straits Time Index (.STI.SG)$ gained +0.36% as well as the REITs sector continued riding on its bullish momentum.

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