5 February 2025 Global Index Futures

 Crude, Gold, Dow, S&P 500 and Nasdaq

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E-Mini Dow

US benchmark equity indexes closed higher Tuesday, shrugging off trade concerns after China announced a series of retaliatory tariffs against the US.

China said Tuesday it will impose additional tariffs of 15% on coal and liquefied natural gas imports from the US and 10% higher duties on items including American crude oil and agricultural machinery, effective Feb. 10.

The Trump administration recently announced 25% tariffs on goods from both Canada and Mexico, along with a 10% levy on imports from China. However, US President Donald Trump on Monday paused the announced tariffs on Mexico and Canada for a month.

(News Source: MTNews)

Plan A: Long only if market supported firm above 44,350. Targets around 44,584/44,765.

Plan B: Sell if market failed to support above 44, 350. Targets around 44,112 /44, 025.

E-Mini S&P500

Asian stock markets struggled to make headway on Wednesday as Wall Street futures took a knock from earnings disappointment, and the dollar backtracked on the yen following a fall in Treasury yields.

Investors were also nonplussed by comments from President Donald Trump that the U.S. would like to take over the war-ravaged Gaza Strip and develop it economically.

(News Source: Trading Economics)

Plan A: Short if prices failed to support above 6,020. Targets around 5,982 /5,962.

Plan B: Long if prices well supported above 6,020. Targets around 6,047/6,075.

E-Mini Nasdaq

The three major stock indexes closed higher on Tuesday, aided by energy stocks, while investors saw reason for optimism for a trade breakthrough between the U.S. and China after President Donald Trump delayed tariffs for Canada and Mexico.

New 10% U.S. tariffs on Chinese imports took effect on Tuesday, which China countered with levies on U.S. goods. It was unclear when the country's leaders would talk and Trump said he was in no hurry.

The Nasdaq composite gained 262.06 to 19,654.02.

Strong corporate earnings have also buoyed investor optimism. Alphabet rose ahead of its quarterly results, which are due after markets close, while Nvidia also advanced. 

Palantir shares jumped after the data analytics company forecast first-quarter and annual revenue above Wall Street estimates.

In the bond market, Treasury yields eased after a report indicated the U.S. job market may be adding less upward pressure on inflation. U.S. employers advertised fewer job openings at the end of December than economists expected, suggesting a slowing but still healthy job market.

The yield on the 10-year Treasury fell to 4.51% from 4.56% late Monday. The two-year yield, which moves more closely with expectations for what the Federal Reserve will do with short-term interest rates, eased to 4.21% from 4.25%

(News Source: Reuters)

Plan A: Short if prices failed to support above 21,549. Targets are 21,404/21,296.  Place a reasonable stop order based on the assessment of the risk and reward ratio.

Plan B: Long only if market supported firm above 21,549. Targets are 21,690/21,817. Place a reasonable stop order based on the assessment of the risk and reward ratio.

WTI Crude Oil

Oil prices were little changed on Wednesday after volatile trading in the previous session as investors shrugged off the impact of China's tariffs on U.S. energy imports though President Donald Trump's renewed push to eliminate Iranian crude exports provided some support.

Brent crude futures were down 18 cents, or 0.24%, at $76.02 a barrel by 0210 GMT. U.S. West Texas Intermediate crude (WTI) lost 9 cents, or 0.12%, to $72.61.

(News Source: Reuters)

Plan A: Consider short if market failed to support above 72.75. Targets are 72.07/71.45.

Plan B: Long only if prices supported firm above 72.75. Targets are 73.47/74.30.

Gold

Gold prices regained an all-time high on Tuesday, driven by investors seeking the safe-haven asset after China retaliated with tariffs on the U.S. in response to President Donald Trump's tariffs.

Spot gold gained 1.1% to $2,844.56 per ounce as of 01:40 p.m. ET (1840 GMT), after hitting a record high of $2,845.14 earlier in the session.

(News Source: Reuters)

Plan A: Consider long only if market supported firm above 2,872. Targets at 2,886/2,907.

Plan B: Short if market prices failed to support above 2,872. Targets are 2,863/2,839.

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.