7 Jan 2025 Global Index Futures

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

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E-Mini Dow

The US 10-year yield rose 2.7 basis points to 4.62%, while the two-year rate lost 1.1 basis points to 4.27%.

Federal Reserve Governor Lisa Cook urged monetary policymakers to proceed "more cautiously" with interest rate cuts, given the central bank's 100 basis points of policy easing since September.

US durable goods orders decreased more than expected in November amid declines in transportation equipment and electronics including computers, government data showed.

(News Source: MT Newswires)

Plan A: Sell below 43, 060, target  around 42, 880/ 42, 682

Plan B: Long above 43, 060, Target around 43, 287/43, 357

E-Mini S&P500

US stock futures inched higher on Tuesday, building on the momentum from Monday’s strong performance by the S&P 500 and Nasdaq Composite, which posted their second consecutive day of gains, driven by a surge in technology stocks.

Washington Post report contributed to market optimism, suggesting that President-elect Trump’s proposed tariff plan may be narrower than expected, potentially easing global trade tensions.

(News Source: Trading Economics)

Plan A: Long if prices are well supported above 5980, target around 6012/6032

Plan B: Short if prices go below 5980, target around 5961/5938

E-Mini Nasdaq

Tech stocks rose despite benchmark 10-year Treasury yields reaching the highest since May.

U.S. stocks had rebounded sharply on Friday after a string of losses in December and the first few sessions of January, when concerns about high valuations, rising Treasury yields and thin liquidity saw traders pull back after a strong 2024 run.

In a week packed with economic data and speeches from U.S. Federal Reserve officials, investors will look for clues on the pace of monetary policy easing this year. Later in the week, the focus will be on a monthly payrolls report.

While Trump's proposals could boost corporate profits and energize the economy, they also risk driving up inflation. Fed Governor Lisa Cook was the latest among a number of policymakers to caution that inflation risks remain in the new year.

(News Source: Reuters)

Plan A: Consider long if market supported above 21, 640. Targets are 21, 841/21,998. Place a reasonable stop order based on the assessment of the risk and reward ratio.

Plan B: Short if prices failed to support above 21,640. Targets are 21,324/21, 025. Place a reasonable stop order based on the assessment of the risk and reward ratio.

WTI Crude Oil

Asia's shares followed Wall Street's positive lead on Tuesday as some investors hoped U.S. President-elect Donald Trump would adopt less aggressive tariffs than previously thought when he takes office.

(News Source: Reuters)

Plan A: Long if prices supported around 73.32. Targets are 73.62/74.12.

Plan B: Consider short if market breakout below 73.32. Targets are 73.02/72.68.

Gold

Gold prices rose on Tuesday on a weaker U.S. dollar as traders pondered whether President-elect Donald Trump's tariff plans would be less aggressive than expected, while investors awaited U.S. jobs data to gauge the Federal Reserve's interest rate trajectory.

(News Source: Reuters)

Plan A: Consider long if market supported above 2645, Targets at 2655/2661.

Plan B: Short if market prices rebounded but failed to support above 2660. Targets are 2649/2634.

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.