US elections underway with markets already pricing in a Trump win

$E-mini S&P 500 Futures(MAR5) (ESmain.US)$ (4 Hour Chart) -[BULLISH↗ *]We stay bullish as long as price holds above 5820 support level. We expect price to push towards 5900 resistance level. A 4 hour candlestick above 5900 resistance level would open the next push towards 5930 resistance levels. Technical indicators are mixed for now.

$USD (USDindex.FX)$ (4 Hour Chart) -[BULLISH↗ **]We maintain our bullish directional bias as long as we expect price to push towards 104.558 resistance level. A 4 hour candlestick pushing above 104.558 resistance level would open 104.800 resistance level. Technical indicators are mixed for now.

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

$HSI Futures(DEC4) (HSImain.HK)$ (4 Hour Chart) -[NEUTRAL]We stay neutral with a slight bullish bias as price is hovering between 21185 resistance and 20230 support level. A 4 hour candlestick closing above 21185 resistance level could open next push towards 21550 resistance level. Technical indicators are mixed for now.

$FTSE Singapore Straits Time Index (.STI.SG)$ (4 Hour Chart) -[BULLISH↗ *]We maintain a bullish directional bias as we expect price to hold above 3560 support level. We expect price to push towards 3645 resistance level. Technical indicators are mixed, with price holding above 21-EMA period.

US markets closed higher last night, with $E-mini S&P 500 Futures(MAR5) (ESmain.US)$ and $E-mini NASDAQ 100 Futures(MAR5) (NQmain.US)$ climbing higher by 1.20% and 1.27% respectively. This comes after outperforming ISM non-manufacturing PMI and prices. Traders are looking towards the tight battle between Trump and Harris that is currently ongoing. On monetary policy end, traders are currently pricing 97.5% probability of a 25-basis-point rate cut. Traders can expect a volatile market tonight after the 47th president has been elected.

Asian markets open mixed today. $Nikkei 225 (.N225.JP)$ clibed higher by 0.91%, due to weakening of JPY against USD ahead of the elections and au Jibun bank Japan services PMI that came above analyst expectations. Finance, tech and producer manufacturing sector saw the most strength. $HSI Futures(DEC4) (HSImain.HK)$ fell by 1.22% due to risk-off sentiment among traders ahead of the US elections and China's legislative session to conclude at the end of the week. In Trump's pitch, he promised voters to impose tariffs of 60% or more on goods from China, and Chinese traders should stay cautious. $FTSE Singapore Straits Time Index (.STI.SG)$ drifted marginally higher by 0.31%, with the finance and producer manufacturing sector advancing the most. Among the stocks, $UOB (U11.SG)$ climbed the most by 1.62%.

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