20 Feb 2025 Global Index Futures

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

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E-Mini Dow

Asian shares fell sharply on Thursday, tracking choppy trading on Wall Street and a dip in European stocks as U.S. President Donald Trump's tariff plans and a cautious stance from Federal Reserve policymakers hurt risk sentiment.

The risk-off mood lifted gold prices to a record high, while safe-haven currencies led by the Japanese yen also firmed on geopolitical worries.

Trump said on Tuesday that sector-wide tariffs on pharmaceuticals and semiconductor chips would start at "25% or higher," rising substantially over the course of a year. He intends to impose similar tariffs on autos as soon as April 2.

(News Source: Reuters)

Plan A: Long only if market retraced but supported firm above 44,528. Targets around 44,960/45,175.

Plan B: Sell only if market failed to support above 44,528. Targets around 44,220 /44,012.

E-Mini S&P500

US stock futures dipped on Thursday as investors digested the latest Federal Reserve meeting minutes and President Donald Trump’s renewed tariff threats.

In January, Fed officials expressed a preference for further progress on inflation before considering additional interest rate cuts, while also voicing concerns over the potential impact of Trump's tariffs.

Trump recently unveiled plans for a 25% tariff on imports of autos, semiconductors, and pharmaceuticals, set to take effect as early as April 2, raising fresh uncertainty in global trade.

(News Source: Reuters)

Plan A: Short if prices failed to support above 6,146. Targets around 6,121 /6,104.

Plan B: Long only if prices are well supported above 6,146. Targets around 6,163/6,183.

E-Mini Nasdaq

Trump's tariffs have raised concerns if they would fuel inflation in the U.S. and weigh on the Fed's stance on rate cuts this year.

Minutes of the U.S. central bank's January policy meeting - where voting members elected to let interest rates stand and Fed Chair Jerome Powell said there would be no rush to cut them again until inflation and jobs data made it appropriate - are scheduled to be released at 2 p.m. ET.

Investors will look for hints on the Fed's rate plans for the year in the minutes, in light of last week's mixed consumer and producer prices data coupled with a sharp drop in retail sales, which had sent Treasury yields lower.

Traders currently see at least one 25-basis-point rate cut and a 44% chance of an additional lowering by December, according to LSEG data.

(News Source: FXEmpire, Yahoo Finance)

Plan A: Long only if market retraced but supported firm above 22,133. Targets are 22,287/22,427. Place a reasonable stop order based on the assessment of the risk and reward ratio.

Plan B: Short only if prices failed to support above 22,133. Targets are 21,897/21,370.  Place a reasonable stop order based on the assessment of the risk and reward ratio.

WTI Crude Oil

Oil prices edged lower on Thursday after an industry report showed a build in U.S. crude stockpiles and as tariff concerns weighed on sentiment, falling back from gains made in the previous session on worries over supply disruptions in Russia.

(News Source: Reuters)

Plan A: Consider short if market rebounded but resilient to 72.74. Targets are 71.54/71.18.

Plan B: Long only if prices retraced but supported firm above 71.74. Targets are 71.94/72.20.

US Gold

Gold held above $2,930 per ounce on Thursday, hovering near all-time highs as investors continued to assess the latest FOMC minutes.

The January meeting minutes underscored Fed policymakers' call for more evidence of sustained disinflation while highlighting concerns that trade policy shifts, such as higher tariffs, could add to inflationary pressures.

(News Source: TradingEconomics)

Plan A: Consider long only if market retraced but supported firm above 2,935. Targets at 2,947/2,964.

Plan B: Short only if market failed to support above 2,935. Targets are 2,900/2,887.

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.