19 Dec 2024 Global Index Futures

Crude, Gold, Dow, S&P 500 and Nasdaq

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E-Mini Dow

US benchmark equity indexes slumped Wednesday, while Treasury yields soared after the Federal Reserve reduced its policy rate by 25 basis points and flagged fewer cuts ahead than previously projected.

The central bank's Federal Open Market Committee cut interest rates to a range of 4.25% to 4.50%, in line with Wall Street's expectations. The US 10-year yield surged 12.9 basis points to 4.51% Wednesday, while the two-year rate jumped 11.6 basis points to 4.35%.

(News Source: MTNews)

Plan A: Sell below 43,000, target around 42,820/ 42,735

Plan B: Long above 43,000, target around 43,174/43,221

E-Mini S&P500

US stock futures stabilized on Thursday after a sharp selloff on Wall Street the previous day, triggered by the Federal Reserve's revised outlook for interest rates in 2025.

During regular trading on Wednesday, the Dow dropped 1,123.03 points, or 2.58%, marking its 10th consecutive day of losses—the longest losing streak since 1974.

The S&P 500 and Nasdaq Composite also fell sharply, losing 2.95% and 3.56%, respectively.

The downturn followed the Fed's decision to implement a widely expected quarter-point rate cut, coupled with the news that the central bank plans fewer rate reductions next year than previously anticipated.

(News Source: Tradingeconomics)

Plan A: Short if below 5980, target around 5962, 5939

Plan B: Long if supported above 5980, target around 6001/6038

E-Mini Nasdaq

U.S. stocks plunged on Wednesday, with all three major indexes posting their biggest daily decline in months, after the Federal Reserve cut interest rates by a quarter of a percentage point but disappointed some investors with projections that signaled a more cautious path of easing next year.

The Fed cut rates by 25 basis points to the 4.25%-4.50% range and its summary of economic projections (SEP) indicated it will make rate cuts totaling a half percentage point by the end of 2025 given the solid labor market and the recent stall in lowering inflation.

The Nasdaq Composite lost 716.37 points, or 3.56%, to 19,392.69.

(News Source: Reuters)

Plan A: Short if prices rebounded but resilient to 21,688. Targets are 21,336/20,982.

Plan B: Consider long if market supported above 21,336. Targets are 21,688/21,872.

WTI Crude Oil

Following the U.S. Federal Reserve's hint that it might moderate the pace of interest rate cuts in 2025, which may impede economic growth and lower fuel demand, oil prices dipped in Asian trade on Thursday.

By 0515 GMT, Brent futures dropped 47 cents, or 0.6%, to $72.92 per barrel. At $70.19, U.S. West Texas Intermediate crude dropped 39 cents, or 0.6%.

The decreases undid the majority of the gains made by the benchmark contracts on Wednesday, when prices settled higher due to a reduction in U.S. crude stocks and the projected 25 basis point interest rate cut by the U.S. Federal Reserve.

Due to worries about growing inflation, U.S. central bankers projected two quarter-point interest rate decreases in 2025, which caused prices to decline. It was a half-point lower than what they had

(News Source: Reuters)

Plan A: Short if prices rebounded but resisted around 70.07 Targets are 69.22/68.52.

Plan B: Consider long if market breakout above 70.50. Targets are 71.54/72.12.

Gold

Gold prices fall after the Federal Reserve lowered interest rates by 25 basis points but signaled fewer cuts next year, boosting the U.S. dollar and bond yields. The U.S. central bank expects inflation to be stickier than previously anticipated, with new projections indicating only two quarter-point rate cuts in 2025.

At a meeting in September, the Fed had projected four quarter-point cuts. "The Fed's hawkish shift means we're going to have to contend with a strong dollar well into 2025," analysts at Peak Trading Research say. Gold futures trade 0.8% lower at $2,631.20 atroy ounce. Traders now awaits U.S. GDP and PCE inflation data, which could further shape the path of monetary policy next year.

(News Source: MSN)

Plan A: Consider long if market supported firm above 2636. Targets are 2697/2723.

Plan B: Short if market prices rebounded but failed to support above 2697. Targets are 2636/2605.

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.