7 February 2025 Global Index Futures

 Crude, Gold, Dow, S&P 500 and Nasdaq

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E-Mini Dow

The S&P 500 and the Nasdaq ended higher while the Dow closed lower after a choppy trading session on Thursday, as investors sifted through earnings reports and awaited Amazon's results after the bell and a key jobs report on Friday.

Markets saw a dismal start to the week when U.S. President Donald Trump announced sweeping trade tariffs over the weekend, but suspended the levies on goods from Mexico and Canada on Monday for a month.

The January nonfarm payrolls report is due on Friday, a crucial metric in gauging the state of the labor market and the Federal Reserve's rate path.

Traders do not expect the Fed to make a move on interest rates in its next meeting in March, but a cut is widely anticipated in June, according to the CME's FedWatch.

Data released on Thursday showed the number of Americans filing new applications for unemployment benefits increased moderately last week.

(News Source: Reuters)

Plan A: Long only if market retraced but supported firm above 44,577. Targets around 44,971/45,265.

Plan B: Sell if market failed to support above 44,577. Targets around 44,334 /44, 025.

E-Mini S&P500

The Dow Jones Industrial Average fell 125.65 points, or 0.28%, to 44,747.63, the S&P 500 gained 22.09 points, or 0.36%, to 6,083.57 and the Nasdaq Composite gained 99.66 points, or 0.51%, to 19,791.99.

Eight of the 11 S&P 500 sectors traded higher, with financial services and consumer staples leading gains, and energy stocks losing the most ground.

Amazon.com ticked up 1.1% ahead of its earnings report. The company beat expectations on quarterly revenue, but sales in its cloud computing unit came in below expectations.

Investors are monitoring its artificial intelligence investments, after Chinese startup DeepSeek's cheaper AI model sharpened investor scrutiny of the billions U.S. tech companies have spent developing the technology.

(News Source: Reuters)

Plan A: Short if prices failed to support above 6,106. Targets around 6,040 /6,017.

Plan B: Long if prices well supported above 6,106. Targets around 6,149/6,163.

E-Mini Nasdaq

The US stock market was little changed on Thursday, with the S&P 500 and Nasdaq Composite holding modest gains while the Dow Jones Industrial Average slipped.

Investors assessed a mixed set of corporate earnings and looked ahead to Friday’s key jobs report.

The S&P 500 and Nasdaq each edged up around 0.1%, while the Dow dropped 189 points, or 0.4%, weighed down by disappointing results from major companies.

On the Nasdaq, 2,041 stocks rose and 2,287 fell as declining issues outnumbered advancers by a 1.12-to-1 ratio.

(News Source: MSN)

Plan A: Short if prices failed to support above 21,901. Targets are 21,667/21,370.  Place a reasonable stop order based on the assessment of the risk and reward ratio.

Plan B: Long only if market supported firm above 21,901. Targets are 22,117/22,378. Place a reasonable stop order based on the assessment of the risk and reward ratio.

WTI Crude Oil

WTI crude oil futures traded around $70.7 per barrel on Friday, heading for a third consecutive weekly decline after President Trump reaffirmed plans to boost US oil production to drive crude prices lower. His pledge came amid concerns over an already elevated supply, following a sharper-than-expected rise in US crude stockpiles—the largest build in nearly a year.

Limiting further losses, the US ramped up sanctions on Iran early in the week, potentially restricting its oil flows, while Saudi Aramco sharply raised March crude prices, driven by rising demand from China and India, along with supply disruptions from Russia.

Meanwhile, US-China trade tensions persisted as Beijing imposed tariffs on American oil, LNG, and coal in response to Trump’s recent measures, though the impact is expected to be limited given China’s modest imports of US energy products.

(News Source: Tradingeconomics)

Plan A: Consider short if market rebounded but failed to support above 72.32. Targets are 70.97/69.06.

Plan B: Long only if prices supported firm above 72.32. Targets are 73.41/74.36.

Gold

Gold rose toward $2,870 per ounce on Friday, climbing back to record highs and heading for its sixth consecutive weekly gain. The metal has repeatedly set new records this week, driven by accelerated central bank purchases and increased safe-haven demand amid global trade tensions and economic uncertainties.

President Trump followed through on plans to impose a 10% levy on all Chinese imports, prompting Beijing to announce retaliatory tariffs on US energy goods, effective next week. Adding to the uncertainty, Trump also suggested that the US take control of the Gaza Strip for reconstruction.

Loose monetary policies by major central banks provided additional support, with the ECB, BoE, and BoC cutting rates, and the latter also ending quantitative tightening. The RBI is expected to implement rate cuts this week. Markets are also pricing in two 25 bps rate cuts from the Fed this year, with attention focused on the jobs report later today for further insights into the labor market.

(News Source: Tradingeconomics)

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.