Traders turn to economic indicators tonight after Nvidia's earnings impress but fall short of surprise

$E-mini S&P 500 Futures(DEC4) (ESmain.US)$ (4 Hour Chart) -[BULLISH↗ *]We stay slightly bullish as we expect price to push towards 6000 resistance level. A 4 hour candlestick closing above 6000 resistance level would open a push towards 6035 resistance level. Technical indicators have yet to indicate a bullish scenario.

$USD (USDindex.FX)$ (4 Hour Chart) -[BULLISH↗ *]We continue to stay bullish. We expect price to drift lower towards 106.140 support level before pushing for 107.050 resistance level. A 4 hour candlestick closing above 107.050 resistance would open next push towards 107.600 resistance level. Technical indicators are advocating for a bullish scenario as well.

$Gold Futures(DEC4) (GCmain.US)$ (4 Hour Chart) -[NEUTRAL]We turn neutral with a slight bullish bias as price is nearing 2670 resistance level. A 4 hour candlestick closing above 2670 resistance level would open push towards 2715 resistance level. Technical indicators are leaning towards a bullish scenario as well.

$Nikkei 225 (.N225.JP)$ (4 Hour Chart) -[NEUTRAL]We turn neutral for now as there is no good risk-reward ratio. Price is currently hovering between 37630 support and 38620 resistance levels. A 4 hour candlestick closing below 37630 support would open next drop towards 36000 support level. Technical indicators are leaning towards a bearish scenario as well.

$HSI Futures(NOV4) (HSImain.HK)$ (4 Hour Chart) -[NEUTRAL]We continue to stay neutral as price is hovering between 19360 support and 19990 resistance level. Technical indicators are mixed for now, with price holding above 21-EMA period. A 4 hour candlestick closing above 19990 resistance level would open push towards 20500 resistance level.

$FTSE Singapore Straits Time Index (.STI.SG)$ (4 Hour Chart) -[BULLISH↗ **]We maintain a bullish directional bias as long as price holds above 3725 support level. We expect price to push towards 3820 resistance level. Technical indicators are advocating for a bullish scenario as well.

US markets remain largely unchanged, with $E-mini S&P 500 Futures(DEC4) (ESmain.US)$ and $E-mini NASDAQ 100 Futures(DEC4) (NQmain.US)$ drifting marginally lower by 0.02% and 0.09% respectively. This slight decline came as $NVIDIA (NVDA.US)$earnings were not as surprising as investors expected, despite outperforming. Among other stocks, $Target (TGT.US)$ melted down by 21.97% after its underperforming quarterly report. However, traders should exercise caution of the escalating Russia-Ukraine war as President Zelenskyy welcomes US decision to provide landmines to Ukraine. Traders should look towards initial jobless claims, Philadelphia Fed Manufacturing Index and existing home sales.

Asian markets open mixed today morning. $Nikkei 225 (.N225.JP)$ edged lower by 0.91%, due to retracement observed in the tech sector. In the sector, $Advantest (6857.JP)$ and $Socionext (6526.JP)$ pushed lower the most by 3.37% and 3.38% respectively. Traders are looking to observe the national core CPI and au Jibun Bank Japan services PMI data tomorrow morning. $HSI Futures(NOV4) (HSImain.HK)$ drifted marginally lower by 0.22%. There is risk-off sentiment among traders as China prepares for tariffs set by Trump. Among other stocks, $SINOPHARM (01099.HK)$ dropped the most by 2.58%. $FTSE Singapore Straits Time Index (.STI.SG)$ drifted marginally higher as well, by 0.04% this morning. Traders should keep an eye out for GDP data released tomorrow morning.

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