7 Sep 2022 Foreign

 WTI Crude, Gold, HSI, Dow, S&P 500 and Nasdaq

If you like what we are doing, kindly like and share our page on FB. Follow us 

on FB for more updates.

Click here to contact us: https://goo.gl/B6Dccf 

E-Mini Dow

US stocks closed lower in a choppy Tuesday trade while government bond yields surged as a closely watched services gauge reported an unexpected gain, increasing the likelihood of an aggressive interest rate hike in September.

To subscribe to a real-time signal, email us at futures.coin@gmail.com for details. Sign up today for your Sep subscription.

Plan A: Remain short as long as market trades below 31641. Targets are 30859 and 30664.

Plan B: Consider long if market stays above 31641. Targets are 31836 and 32031.

E-Mini S&P 500

U.S. stocks slumped on Tuesday in a volatile trading session as investors weighed what strong economic data and rising rates mean for the Federal Reserve’s aggressive tightening campaign.

The S&P 500 slipped 0.41% to 3,908.19.

At the same time, bond yields surged, adding to the rout in stocks. The yield on the U.S. 10-year Treasury jumped as much as 0.162 percentage point to 3.353% at one point in the day. Yields move inversely to prices.

The moves came after August ISM data Tuesday morning was stronger than expected, coming in at 56.9 versus expectations of 55.5. The report follows Friday’s jobs release, which also beat Wall Street’s expectations, showing a more solid U.S. economy than anticipated.

Both reports come ahead of the Federal Reserve’s September meeting, where they’re expected to raise interest rates again. Better-than-expected economic data may mean that the central bank continues to act aggressively in hiking interest rates.

To subscribe to a real-time signal, email us at futures.coin@gmail.com for details. Sign up today for your Sep subscription.

Plan A : Short if market failed to support above 3905. Targets are 3892 and 3880.

Plan B : Long if market supported above 3905. Targets are 3919 and 3932.

E-Mini Nasdaq

Stock futures were slightly lower Wednesday morning after the major averages added to weeks of losses amid a jump in bond yields.  

The Nasdaq Composite slid 0.74% to 11,544.91, notching its seventh day of losses, its longest since 2016.

The major averages closed out their third negative week in a row. The Nasdaq Composite posted its first six-day losing streak since 2019, ending the session 1.3% lower, while the Dow erased a 370-point gain on Friday to close about 1.1% lower. The S&P shed 1.1% to its lowest close since July.

In the holiday-shortened week, investors are looking ahead to speeches from Federal Reserve presidents and a fresh rate hike decision from the European Central Bank due out later this week.

To subscribe to a real-time signal, email us at futures.coin@gmail.com for details. Sign up today for your Sep subscription.

Plan A : Short if market failed to support above 12008. Targets are 11973 and 12945.

Plan B : Long if market supported firm above 12008. Targets are 12048 and 12069.

HSI

Asian shares rose on Tuesday morning after China pledged to make renewed efforts to boost its economy on Monday, while investors pinned hope on more clarity ahead of a number of central bank meetings.

To subscribe to a real-time signal, email us at futures.coin@gmail.com for details. Sign up today for your Sep subscription.

Plan A: Remain short if the market stays below 19531. Targets are 18906 and 18750.

Plan B: Consider long only if the market stays above 19375. Targets are 19531 and 19688.

WTI Crude

Oil prices fell on Tuesday as concern returned about the prospect of more interest rate hikes and COVID-19 lockdowns weakening fuel demand, reversing a two-day rally on OPEC+'s first output target cut since 2020.

To subscribe to a real-time signal, email us at futures.coin@gmail.com for details. Sign up today for your Sep subscription.

Plan A: Remain short as long as oil price stays below 89.84. Targets are 85.94 and 84.38.

Plan B: Consider long only if oil price stays above 89.06. Targets are 89.84 and 90.63.

Gold

Gold prices on Tuesday slipped from a one-week high hit earlier in the session as the dollar and Treasury yields climbed amid expectations for aggressive monetary policy tightening by major central banks.

To subscribe to a real-time signal, email us at futures.coin@gmail.com for details. Sign up today for your Sep subscription.

Plan A: Remain short as long as gold price stays below 1726.6 Targets are 1703.1 and 1695.3.

Plan B: Attempts long only if gold price stays above 1726.6. Targets are 1734.4 and 1742.2.

Disclaimer: This information is intended to assist professional investors. News are credit courtesy of Reuters, Nasdaq.com, Bloomberg, CNN, Market Watch, FT.com, the Star online, forbes.com, mining.com and CNBC. The information does not constitute investment advice or an offer to invest or to provide management services and is subject to correction, completion and amendment without notice.As with all investments, there are associated risks and you could lose money investing. Prior to making any investment, a prospective investor should consult with its own investment, accounting, legal and tax advisers to evaluate independently the risks, consequences and suitability of that investment.