17 Dec 2024 Global Index Futures

Crude, Gold, Dow, S&P 500 and Nasdaq

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

E-Mini Dow

The central bank's Federal Open Market Committee is scheduled to kick off its two-day monetary policy meeting Tuesday.

Markets widely expect policymakers to deliver a quarter-percentage-point reduction in their benchmark lending rate Wednesday, according to CME FedWatch tool. That would mark a second consecutive 25-basis-point decrease following a 50-basis-point reduction in September.

The US two-year yield rose 1.2 basis points to 4.25% Monday, while the 10-year rate was little changed at 4.40%.

(News Source: MTNews)

Plan A: Long above 44, 150, Target around 44, 274/44, 388

Plan B: Sell below 44, 150, target  around 44, 020/ 43, 983

E-Mini S&P500

US stock futures were little changed on Tuesday, following a mixed session on Wall Street as investors await the latest Federal Reserve policy decision.

Looking ahead, the Fed is widely expected to reduce rates by 25 basis points on Wednesday, with much of the market's focus now on the central bank's outlook for 2025.

(News Source: Tradingeconomics)

Plan A: Long if supported above 6120, target around 6147/6068

Plan B: Short if below 6120 target around 6085, 6062

E-Mini Nasdaq

U.S. stock index futures fell slightly on Monday evening as investors remained cautious before a Federal Reserve meeting this week, where the central bank is expected to cut rates but signal a slower pace of easing.

Futures steadied after a rally in technology stocks sparked some strength on Wall Street, with the Nasdaq hitting a record high. 

The Nasdaq 100 Futures fell 0.1% to 22,392.25 points by 18:25 ET (23:25 GMT).

(News Source: Investing.com)

Avoid trading today.

WTI Crude Oil

Tony Sycamore, an IG market analyst, stated that prices were "weighed on by profit-taking after last week's 6% rally and a batch of disappointing Chinese economic data yesterday."

Prices dropped Monday from multi-week highs as investors entered a holding pattern ahead of the Fed's meeting as China's consumer spending data showed surprise weakness despite the country's industrial output being strong.

It is generally anticipated that the Fed would lower interest rates by a quarter of a percentage point during its final policy meeting of the year, which is scheduled for Tuesday and Wednesday.

 

(News Source: Reuters)

Plan A: Short if prices resisted below 70.84 Targets are 70.05/69.48.

Plan B: Consider long if market failed to support above 71.11. Targets are 71.99/72.38.

Gold

Gold prices steadied on Tuesday ahead of the Federal Reserve policy meeting as the market keenly awaited the U.S. central bank's outlook for cues on its interest rate path in 2025.

Spot gold was little changed at $2,653.43 per ounce, as of 1403 MYT. U.S. gold futures were flat at $2,671.00.

(News Source: Reuters)

Plan A: Consider long if market retraced but supported firm above 2637, Targets are 2679/2723.

Plan B: Short if market prices resilient to 2723. Targets are 2682/2636.

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 the investment.