12 February 2025 Global Index Futures

 Crude, Gold, Dow, S&P 500 and Nasdaq

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E-Mini Dow

US stocks slipped on Tuesday, as investors awaited a testimony from Federal Reserve Chair Jerome Powell for insight on interest rates and trade tariffs, and inflation data.

Powell is set to testify before the House Financial Services Committee on Wednesday. The Consumer Price Index (CPI) data for January will be released at 8:30 am ET tomorrow.

(News Source: Livemint)

Plan A: Long only if market retraced but supported firm above 44,532. Targets around 44,741/44,967.

Plan B: Sell if market failed to support above 44,532. Targets around 44,220 /44,012.

E-Mini S&P500

The S&P 500 climbed 0.03% to end the session at 6,068.50 points. Of the 11 S&P 500 sector indexes, eight rose, led by consumer staples, up 0.91%, followed by a 0.76% gain in energy. Consumer discretionary fell 1.2%., opens new tab

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Traders expect at least one 25-basis-point rate cut from the Fed this year, and a 44% chance of another reduction of the same magnitude, according to LSEG data.

January consumer price index data is scheduled to be released at 8:30 a.m. ET (1330 GMT) on Wednesday, before Powell's appearance.

(News Source: Reuters)

Plan A: Short if prices rebounded but failed to support above 6,106. Targets around 6,071 /6,043.

Plan B: Long only if prices well supported above 6,106. Targets around 6,123/6,149.

E-Mini Nasdaq

The Wall Street's main indexes ended mixed on Tuesday as gains in Coca-Cola and Apple offset losses in Tesla, while investors parsed Federal Reserve Chair Jerome Powell's latest comments.

The Nasdaq declined 0.36% to 19,643.86 points.

The U.S. central bank is no rush to cut its short-term interest rate again given the economy is "strong overall", with low unemployment and inflation still above the Fed's 2% target, Powell said in opening remarks at a Senate Banking Committee hearing.

Investors were also on the lookout for any new tariff comments from U.S. President Donald Trump, a day after he substantially raised levies on imports of steel and aluminum and said there would be announcements over the next two days about reciprocal tariffs on all countries that impose duties on U.S. goods.

(News Source: Reuters)

Plan A: Short if prices failed to support above 21,900. Targets are 21,673/21,434.  Place a reasonable stop order based on the assessment of the risk and reward ratio.

Plan B: Long only if market supported firm above 21,900. Targets are 22,100/22,386. Place a reasonable stop order based on the assessment of the risk and reward ratio.

WTI Crude Oil

WTI crude oil futures fell to around $73 per barrel on Wednesday, snapping a three-day gain after an industry report showed a sharp rise in US crude inventories. API data revealed that US crude stocks surged by 9 million barrels last week, far exceeding the expected 2.8 million build, which would mark the largest increase in a year if confirmed by official data later today.

Traders also remained cautious amid escalating trade tensions and broader economic uncertainty. Trump’s recent steel and aluminum tariffs could disrupt US oil drilling, which relies on specialty steel not produced domestically. However, losses were limited by concerns over Russian and Iranian oil supply due to sanctions. US sanctions imposed last month on tankers, producers, and insurers have disrupted Russian oil shipments to China and India, while new sanctions target networks shipping Iranian oil to China under Trump’s renewed “maximum pressure” campaign.

(News Source: Tradingeconomics)

Plan A: Consider short if market rebounded but failed to support above 72.75. Targets are 71.85/70.46.

Plan B: Long only if prices supported firm above 72.75. Targets are 73.98/74.80.

Gold

Gold prices fell below $2,900 per ounce on Tuesday from a record $2,940 as investors took profits, though sentiment remained bullish amid trade tensions. The decline was driven by short-term traders cashing in gains, with some expecting consolidation before the next move higher.

President Trump’s 25% tariff on steel and aluminum imports fueled fears of a broader trade war, adding market uncertainty. Investors now await Wednesday’s U.S. inflation data, which could shape Fed policy expectations. While gold is a hedge against inflation, the Fed’s cautious stance on rate cuts may cap near-term gains. However, ongoing geopolitical risks and potential new tariffs could keep gold supported.

Elsewhere, the BoE and RBI have recently implemented dovish rate cuts, mirroring similar actions by the ECB, Riksbank, and BoC. Additionally, sustained central bank demand supported gold, with the PBoC expanding its reserves for a third consecutive month in January.

(News Source: Tradingeconomics)

Plan A: Consider long only if market retraced but supported firm above 2,910. Targets at 2,921/2,935.

Plan B: Short if market prices failed to support above 2,910. Targets are 2,890/2,880.

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.