Traders take a breather with no major economic data tonight

$E-mini S&P 500 Futures(DEC4) (ESmain.US)$ (4 Hour Chart) -[BEARISH ↘ *]We turn bearish as price is nearing 5830 resistance level. As long as price holds below 5830 resistance level, we expect price to push to resistance-turned-support level at 5720. Technical indicators have yet to indicate a bullish scenario.

$USD (USDindex.FX)$ (4 Hour Chart) -[NEUTRAL]As expected, price has drifted down to 100.910 support level. We turn neutral as price is currently hovering between 101.155 resistance level and 100.570 support level. A 4 hour candlestick closing below 100.570 support level would open next drop towards 100.025 support. Technical indicators are leaning towards a bearish momentum.

$Gold Futures(DEC4) (GCmain.US)$ (4 Hour Chart) -[BULLISH↗ **]We continue to maintain our bullish directional bias as prices are in an ascending trendline support. We expect price to dip towards 2600 support level before drifting towards 2640 resistance level. Technical indicators are leaning towards a bullish scenario.

$Nikkei 225 (.N225.JP)$ (4 Hour Chart) -[NEUTRAL]Price has broke above its ascending channel. We turn neutral as price is hovering between 38000 resistance level and 37200 support level. Technical indicators are displaying a bullish momentum.

$HSI Futures(NOV4) (HSImain.HK)$ (4 Hour Chart) -[BULLISH↗ **]As expected, price pushed above 18000. As long as price holds above 18000 support level, we can expect a push towards next support at 18600. Technical indicators advocate for a bullish scenario as well.

$FTSE Singapore Straits Time Index (.STI.SG)$ (4 Hour Chart) -[BULLISH↗ *]STI made a new high yesterday. We turn bullish as we expect price to continue pushing for 3700 resistance level, as long as it holds above 3590 support level. Technical indicators are leaning towards a bullish scenario.

US markets closed higher last night, with $E-mini S&P 500 Futures(DEC4) (ESmain.US)$ and $E-mini NASDAQ 100 Futures(DEC4) (NQmain.US)$ climbing higher by 1.73% and 2.59% respectively. This comes after outperforming initial jobless claims and Philaelphia Fed Manufacturing data last night. The tech sector advanced the most. Notable stocks are $Tesla (TSLA.US)$ , $Advanced Micro Devices (AMD.US)$ and $Salesforce (CRM.US)$ which pushed higher by 7.36%, 5.70% and 5.37% respectively. There are no major announcements tonight, and traders are able to digest the substantial amount of economic data released over the past 2 days.

Asian markets opened mixed today, with $Nikkei 225 (.N225.JP)$ pushed highest the most by 2.03%. $Tokyo Electron (8035.JP)$ , $Murata Manufacturing (6981.JP)$ and $Fanuc (6954.JP)$ pushed the most by 5.82%, 4.95% and 4.55%. Traders should look out for CPI data and BoJ press conference later. $HSI Futures(NOV4) (HSImain.HK)$ edged higher by 0.58%, with strength observed from the consumer non-durable sector. There is risk-on sentiment among traders after the rate cut by the Fed to allow for easing of monetary conditions and policies without strengthening the CNY. $FTSE Singapore Straits Time Index (.STI.SG)$ dipped by 0.23%, with the REITs retreating lower.

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