Crude, Gold, Dow, S&P 500 and Nasdaq
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E-Mini Dow
U.S. stock futures are rising Sunday evening after exit polls for Germany's election indicate a win for the conservative Christian Democrat Union in parliament and point to Friedrich Merz as the likely next chancellor.
It remains to be seen how fast Merz can cobble together a government and with whom. The hard-right Alternative for Germany has come in second place, according to exit polls, and Chancellor Olaf Scholz's center-left Social Democratic Party trails both.
Germany's new government will be formed amid broader implications for the economy and its response to tariff threats from President Donald Trump.
(News Source: Newswires)
E-Mini S&P500
US stock futures gained on Monday as the market attempts to rebound from a sharp selloff last week, sparked by growing concerns about the US economy.
The Dow dropped 2.51%, marking its worst weekly performance since October, while the S&P 500 and Nasdaq Composite fell 1.66% and 2.51%, respectively.
The downturn followed Walmart’s disappointing outlook and data showing weakening consumer sentiment amid worries about inflation.
E-Mini Nasdaq
U.S. Treasury yields edged lower on Thursday after comments from the top Treasury official eased concerns of any looming increase in the size of longer-dated debt auctions.
Treasury Secretary Scott Bessent said a near-term change is not planned given hurdles, including the Federal Reserve’s quantitative tightening program, Bloomberg News reported on Thursday.
Plan A: Long only if market retraced but supported firm above 21,904. 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 21,904. Targets are 21,669/21,370. Place a reasonable stop order based on the assessment of the risk and reward ratio.
WTI Crude Oil
Oil prices slipped in Asia on Monday, extending losses from last week, on the prospect of a resumption of exports from Kurdistan's oilfields, while investors awaited clarity on talks to resolve Russia's war on Ukraine.
(News Source: Reuters)
Plan A: Consider short if market rebounded but resilient to 70.34. Targets are 70.05/69.62.
Plan B: Long only if prices retraced but supported firm above 70.34. Targets are 71.35/72.75.
US Gold
Gold prices hovered near record highs on Monday, helped by weakness in the U.S. dollar, with attention shifting to a key inflation report later this week.
(News Source: Reuters)
Plan A: Consider long only if market retraced but supported firm above 2,942. Targets at 2,964/2,981.
Plan B: Short only if market resilient to 2,964. Targets are 2,935/2,911.
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.
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