Traders turn to crucial employment data and more earning reports tonight after setback from Microsoft and Meta

$E-mini S&P 500 Futures(MAR5) (ESmain.US)$ (4 Hour Chart) -[NEUTRAL]We turn neutral as price is currently between 5740 resistance level and 5710 support level. We lean towards a bearish scenario as we expect price to drift lower towards 5710 support level. Technical indicators are displaying a bearish scenario as well.

$USD (USDindex.FX)$ (4 Hour Chart) -[BULLISH↗ *]We stay bullish as price is currently near 103.835 support level. We expect price to push towards 104.558 resistance level. Technical indicators have yet to indicate a bullish momentum.

$Gold Futures(FEB5) (GCmain.US)$ (4 Hour Chart) -[NEUTRAL]We turn neutral as prices are hovering between 2730 support and 2765 resistance level. A 4 hour candlestick closing above 2765 resistance level could open another push towards 2800 resistance level. Technical indicators are mixed for now.

$Nikkei 225 (.N225.JP)$ (4 Hour Chart) -[BEARISH ↘ *]We turn bearish as price has broke has broke past 38780 support-turned-resistance level. We expect price to drift towards 37570 support level. A 4 hour candlestick closing below 37570 support level would open next drop towards 36900 support level.

$HSI Futures(DEC4) (HSImain.HK)$ (4 Hour Chart) -[BULLISH↗ *]We lean towards a bullish directional bias. As long as price hold above 20000 support level, we expect price to push towards 20900 resistance level. Technical indicators are leaning towards a bearish scenario for now.

$FTSE Singapore Straits Time Index (.STI.SG)$ (4 Hour Chart) -[BEARISH ↘ **]We continue to stay bearish as price has broke below 3560 support-turned-resistance level. As long as price holds below 3560 resistance level, we expect price to drift towards 3510 support level. Technical indicators are advocating for a bearish scenario as well.

US markets closed lower last night, with $E-mini S&P 500 Futures(MAR5) (ESmain.US)$ and $E-mini NASDAQ 100 Futures(MAR5) (NQmain.US)$ dropping by 1.94% and 2.50% respectively. This comes after underperforming chicago PMI and disappointing earning reports from $Microsoft (MSFT.US)$ and $Meta Platforms (META.US)$. There is continued risk-off sentiment among traders after $Apple (AAPL.US)$ warned of sluggish revenue during the holiday quarter as there is a reduced demand for products in China. Traders should keep an eye out for average hourly earnings, nonfarm payroll, unemployment rate, S&P global us manufacturing PMI, ISM manufacturing PMI and prices tonight. $Exxon Mobil (XOM.US)$, $Chevron (CVX.US)$ and $Berkshire Hathaway-A (BRK.A.US)$ are set to release their earnings reports tonight.

Asian markets are mixed today morning, with $HSI Futures(DEC4) (HSImain.HK)$ drifting the highest by 0.36%. This is due to outperforming caixin manufacturing PMI and China central bank adding $70B of liquidity into money markets using newly established policy tool. During the month of October, PBoC has conducted 500 billion yuan of outright reverse repos in efforts to bolster the economy. $Nikkei 225 (.N225.JP)$ pushed lower by 1.87% due to the strengthening of JPY against USD after BoJ's governor Ueda made comments of a possible further rate hike. Among other stocks, $Lasertec (6920.JP)$ made the largest drop of 13.93%. $FTSE Singapore Straits Time Index (.STI.SG)$ edged lower by 0.62% this morning, with most weakness observed in the communications, process industries and consumer non-durables sector. $Singtel (Z74.SG)$, $Wilmar Intl (F34.SG)$ and $ThaiBev (Y92.SG)$ dropped the most by 3.51%, 3.44% and3.77% respectively. Traders could look towards S&P global singapore PMI tomorrow.

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