Crude, Gold, Dow, S&P 500 and Nasdaq
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E-Mini Dow
US stock futures stabilized on Thursday after a sharp tech-driven selloff in the previous session, as rising trade tensions and cautious comments from Federal Reserve Chair Jerome Powell rattled investors.
(News Source: Trading Economics)
(News Source: Trading Economics)
E-Mini S&P500
E-Mini Nasdaq
On Wednesday, the Dow dropped 1.73%, the S&P 500 fell 2.24%, and the Nasdaq Composite sank 3.07%.
The losses were led by the semiconductor sector, with Nvidia plunging 6.9% after revealing a $5.5 billion charge tied to new US export restrictions on its AI chips destined for China.
Other chipmakers followed suit: AMD lost 7.4%, ASML slid 7.1%, and Micron Technology declined 2.4%, amid cost warnings and signs of weakening demand.
(News Source: Trading Economics)
Plan A: Short if prices failed to support above 18, 616. Targets are 18, 375/18, 125. Place a reasonable stop order based on the assessment of the risk and reward ratio.
Plan B: Long only if market supported firm above 18, 616. Targets are 18, 856/19, 012. Place a reasonable stop order based on the assessment of the risk and reward ratio.
WTI Crude Oil
Asian stocks wavered on Thursday after Federal Reserve Chair Jerome Powell warned of the risk of slowing growth and rising prices due to tariffs, while the uncertainty around U.S. trade policies kept the dollar rooted near three-year lows.
(News Source: Reuters)
Plan A: Consider short if market resilient to 62.91. Targets are 61.28/60.75.
Plan B: Long only if prices retraced and supported firm above 62.91. Targets are 63.51/64.63.
US Gold
Gold extended its record rally on Thursday as investors sought refuge in safe-haven assets amid an intensifying global trade conflict between the United States and its trading partners.
(News Source: Reuters)
Plan A: Consider long only if market retraced and supported firm above 3,300. Targets are at 3,320/3,349.
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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