US Market Key Charts (S&P, US Dollar, Gold)
US Equities (4 Hour Chart) - [NEUTRAL] S&P 500 is expected to consolidate sideways between 5285.25 resistance and 5232.75 support. Only a 4 hour candlestick close above 5285.25 resistance will open further rise towards next resistance at 5333.50. Technical indicators turning mixed for now.
Alternatively: A 4 hour candlestick close below 5232.75 support will open a deeper correction towards next support at 5188....
US Equities (4 Hour Chart) - [NEUTRAL] S&P 500 is expected to consolidate sideways between 5285.25 resistance and 5232.75 support. Only a 4 hour candlestick close above 5285.25 resistance will open further rise towards next resistance at 5333.50. Technical indicators turning mixed for now.
Alternatively: A 4 hour candlestick close below 5232.75 support will open a deeper correction towards next support at 5188....
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They say absence makes the heart grow fonder…so it’s time to put it to a test!
We know you love our weekly Trader’s Talk (and frankly, so do we!)
But we’ll be taking a break next week, 4 June, so that our chief market strategist can go celebrate his dear son’s birthday in peace. I think we can all agree that it's a well-deserved break for him and his family!
Fret not, we’ll be back on 11 June, same place but different time (11am), to give you the lat...
We know you love our weekly Trader’s Talk (and frankly, so do we!)
But we’ll be taking a break next week, 4 June, so that our chief market strategist can go celebrate his dear son’s birthday in peace. I think we can all agree that it's a well-deserved break for him and his family!
Fret not, we’ll be back on 11 June, same place but different time (11am), to give you the lat...
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ColumnsStill bearish on the S&P 500
30th May 2024 (Thurs) Daily Market Outlook
Summary - What Is Happening In The Markets
US equity markets saw further weakness last night as S&P 500 and NASDAQ futures both dropped by -1.01% and -1.08% respectively. This is due to weak US treasury sales, signalling concerns that funding the US deficit will continue to drive up yields. Further, at a conference, US Fed committee member, Raphael Bostic, commented that the "path to 2% inflation is not assured" and "infla...
Summary - What Is Happening In The Markets
US equity markets saw further weakness last night as S&P 500 and NASDAQ futures both dropped by -1.01% and -1.08% respectively. This is due to weak US treasury sales, signalling concerns that funding the US deficit will continue to drive up yields. Further, at a conference, US Fed committee member, Raphael Bostic, commented that the "path to 2% inflation is not assured" and "infla...
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29th May 2024 (Wed) Daily Market Outlook
Summary - What Is Happening In The Markets
Riding on the "good news is bad news" sentiment now, US stock indices traded mixed overnight, with NASDAQ futures edging higher by only +0.46%. Consumer confidence index edged higher, showing that consumers are still generally optimistic regarding the state of the US economy. Further, last night's US 2-year treasury auction saw a weaker than expected auction causing the lat...
Summary - What Is Happening In The Markets
Riding on the "good news is bad news" sentiment now, US stock indices traded mixed overnight, with NASDAQ futures edging higher by only +0.46%. Consumer confidence index edged higher, showing that consumers are still generally optimistic regarding the state of the US economy. Further, last night's US 2-year treasury auction saw a weaker than expected auction causing the lat...
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It’s a short(er) trading week this week with the U.S market closed for the Memorial Day holiday. Our market strategist Isaac Lim was on MoneyFM earlier today to discuss the key political and economic events that we’re keeping a close eye on.
1. China’s military drills around Taiwan - an increasingly important node in the global artificial intelligence supply chain
2. First trilateral meeting between Japan, South Korea and China in more than four years.
3. $Dell Technologies(DELL.US$s share pr...
1. China’s military drills around Taiwan - an increasingly important node in the global artificial intelligence supply chain
2. First trilateral meeting between Japan, South Korea and China in more than four years.
3. $Dell Technologies(DELL.US$s share pr...
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5 Top Picks This Week (27th May 2024)
Additional Names to consider:
Dominion Energy (D US)
Applied Materials (AMAT US)
What Happened Last Week (20 - 24 May)
US markets stayed toppish last week, trading around the region of recent highs. The broad market index, S&P futures closed mixed as the gains from the tech sector supported the index despite a drop across other sectors such as financials and energy. NASDAQ futures, ...
Additional Names to consider:
Dominion Energy (D US)
Applied Materials (AMAT US)
What Happened Last Week (20 - 24 May)
US markets stayed toppish last week, trading around the region of recent highs. The broad market index, S&P futures closed mixed as the gains from the tech sector supported the index despite a drop across other sectors such as financials and energy. NASDAQ futures, ...
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Thank you for tuning in to our inaugural Trader’s Talk last week!
#ICYMI Trader’s Talk is our weekly in-app livestream where our chief market strategist Issac Lim will provide an overview of what to look out for in the week ahead, the latest market trends and stocks to watch!
He’s be going live again tomorrow, 28 May at 12pm.
What’s next for $NVIDIA(NVDA.US)$ with its stock split coming up? Is the S&P 500 bull run over? Catch Isaac in-app to find out more and ask him any burning questions ...
#ICYMI Trader’s Talk is our weekly in-app livestream where our chief market strategist Issac Lim will provide an overview of what to look out for in the week ahead, the latest market trends and stocks to watch!
He’s be going live again tomorrow, 28 May at 12pm.
What’s next for $NVIDIA(NVDA.US)$ with its stock split coming up? Is the S&P 500 bull run over? Catch Isaac in-app to find out more and ask him any burning questions ...
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24th May 2024 (Fri) Daily Market Outlook
Summary - What Is Happening In The Markets
US stock indices fell overnight as the markets took on a more risk-off sentiment following better than expected economic data was released yesterday. Markets are now in a "good news is bad news" mode after unemployment claims surprised with lower than expected data. At the same time, services and manufacturing PMI also ticked higher, ...
Summary - What Is Happening In The Markets
US stock indices fell overnight as the markets took on a more risk-off sentiment following better than expected economic data was released yesterday. Markets are now in a "good news is bad news" mode after unemployment claims surprised with lower than expected data. At the same time, services and manufacturing PMI also ticked higher, ...
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Prepared by: Team Moomoo
Key Takeaways:
1. Economic Uncertainty Boosts Gold's Appeal: Rising recession risks and fluctuating interest rates increase demand for gold as a safe-haven asset.
2. Central Bank Buying Remains Strong: Continued purchases by central banks underpin gold prices, signalling confidence in its value as a reserve asset.
3. Gold's Hedge Against Inflation and Currency Depreciation: As inflation moderates and currencies fl...
Key Takeaways:
1. Economic Uncertainty Boosts Gold's Appeal: Rising recession risks and fluctuating interest rates increase demand for gold as a safe-haven asset.
2. Central Bank Buying Remains Strong: Continued purchases by central banks underpin gold prices, signalling confidence in its value as a reserve asset.
3. Gold's Hedge Against Inflation and Currency Depreciation: As inflation moderates and currencies fl...
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