Crude, Gold, Dow, S&P 500 and Nasdaq
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E-Mini Dow
The technology-heavy Nasdaq rose 0.3% to 19,075.3, while the S&P 500 was flat at 5,956.1. The Dow Jones Industrial Average fell 0.4% to 43,433.1. Among sectors, consumer staples saw the biggest drop, while tech led the gainers.
In economic news, new-home sales in the US fell more than expected in January as median prices at the national level picked up both sequentially and annually, government data showed.
(News Source: Newswires)
E-Mini S&P500
US stock futures were largely unchanged on Thursday as investors digested Nvidia’s earnings report.
In after-hours trading, Nvidia’s stock fluctuated around the flatline, despite reporting better-than-expected sales and earnings for the fourth quarter, along with strong guidance for the current quarter.
The chipmaker saw a 78% year-on-year revenue increase, fueled by robust demand for its GPUs in the artificial intelligence sector.
E-Mini Nasdaq
In Asia, Nvidia's influence was barely felt anywhere in the region, with tech shares - and the stock indexes they are part of - lacking uniform direction.
Instead, the main focus was elsewhere. Bond yields and the dollar had more of a story to tell, lifting off recent lows as traders assessed the latest, contradictory, rumblings on tariffs from Washington, and what it all might mean for the economy and the path for Fed policy.
Trump appeared to give Canada and Mexico another one-month stay of execution over 25% tariffs, shifting the deadline to April 2 - only for a White House official to try and roll that back to the earlier date of March 4. What was clear though is that Europe is in POTUS's crosshairs, as Trump floated a "reciprocal" levy of 25% "on cars, and all of the things" that will soon be revealed.
Plan A: Short only if prices failed to support above 21,404. Targets are 21,269/21,070. Place a reasonable stop order based on the assessment of the risk and reward ratio.
Plan B: Long only if market retraced but supported firm above 21,404. Targets are 21, 772/22,927. Place a reasonable stop order based on the assessment of the risk and reward ratio.
WTI Crude Oil
The U.S. dollar firmed in early Asian hours on Thursday as Treasury yields ticked higher while investors assessed the outlook for tariffs and the economy under President Donald Trump.
(News Source: Reuters)
Plan A: Consider short if market rebounded but resilient to 69.34. Targets are 68.85/68.62.
Plan B: Long only if prices retraced but supported firm above 69.34. Targets are 69.75/70.01.
US Gold
Gold eased on Thursday, pressured by a stronger U.S. dollar and rising Treasury yields, while investors awaited a key inflation report to assess the Federal Reserve's policy path.
(News Source: Reuters)
Plan A: Short only if market resilient to 2,922. Targets are 2,905/2,881.
Plan B: Consider long only if market retraced but supported firm above 2,922. Targets at 2,954/2,971.
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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