US Markets 06 Dec 25

The US market closed higher. The Russell closed at a historic high on the weekly chart.

BDI closed higher from 2,560 (28 Nov) to 2,727 (05 Dec)

Harpex closed lower from 2,184 (28 Nov) to 2,181 (05 Dec)

CDFI closed higher from 1,209.94 (28 Nov) to 1,233.64 (05 Dec)

CCFI continued to close lower from 1,121.8 (28 Nov) to 1,114.89 (05 Dec)

The dollar index broke the previous week's low and closed lower on the weekly chart.

Watch out for

• Interest rate decisions by Australia, Canada, the US and Switzerland
• China CPI data

The release of the COT data has resumed. They are clearing the backlog due to the US government shutdown.  There will be no COT update till the released data is up to date.

Dow
Daily UT, Weekly UT
Potential resistance around 48,273

Potential support around 46,144, 44,014, 41,884

S&P
Daily UT, Weekly UT

Potential resistance around 6,987

Potential support around 6,751, 6,516, 6,280, 6,045

Nasdaq
Daily UT, Weekly UT

Potential resistance around 25,766, 26,488

Potential support around 25,043, 24,321, 23,598

Russell
Daily UT, Weekly Neutral
Potential resistance around 2,561, 2,691

Potential support around 2,430, 2,300, 2,170

Key event to watch out for (SG Time, GMT+8)

08 Dec, Mon

• 0750 Japan GDP (QoQ) (Q3)

09 Dec, Tue

• 0830 Australia NAB Business Confidence (Nov)
• 1130 Australia RBA Interest Rate Decision (Dec)
• 2115 US ADP Employment Change Weekly
• 2130 US Nonfarm Productivity (QoQ) (Q3) 
• 2300 US JOLTS Job Openings (Sep)

10 Dec, Wed

• 0200 US 10-Year Note Auction
• 0930 China CPI (YoY) (Nov)
• 0930 China PPI (YoY) (Nov)
• 2245 Canada BoC Interest Rate Decision
• 2330 US Crude Oil Inventories

11 Dec, Thu

• 0300 US Fed Interest Rate Decision
• 0300 US FOMC Statement  
• 0830 Australia Employment Change (Nov)
• 0830 Australia Full Employment Change (Nov)
• 0830 Australia Unemployment Rate (Nov)
• 1630 Switzerland SNB Interest Rate Decision (Q4)
• 2130 US Initial Jobless Claims

12 Dec, Fri

• 0100 US 30-Year Bond Auction
• 1500 UK GDP (MoM) (Oct)
• 1500 Germany CPI (MoM) (Nov)
• 2130 Canada Building Permits (MoM) (Oct)

Dollar Index closed lower

The dollar index broke the previous week's low and closed lower on the weekly chart.
Resistance at 99.8, 100.3, 102.3
Support at 98.7, 97.3, 96.3

COT for Dollar Index

The release of the COT data has resumed. They are clearing the backlog due to the US government shutdown.  There will be no COT update till the released data is up to date.

Weekly chart with 50 SMA

US Markets 29 Nov 25

The US market broke the previous week's high and closed higher. The Dow and S&P closed at a historic high on the weekly chart.

BDI closed higher from 2,275 (21 Nov) to 2,560 (28 Nov)

Harpex remained the same at 2,184 (28 Nov)

CDFI continued to close higher from 1,181.54 (21 Nov) to 1,209.94 (28 Nov)

CCFI reversed to close lower from 1,122.79 (21 Nov) to 1,121.8 (28 Nov)

The dollar index closed lower with an inside day on the weekly chart.

Watch out for

• Manufacturing and services PMI data from multiple countries
• Speech by Fed Chair Powell

The release of the COT data has resumed. They are clearing the backlog due to the US government shutdown.  There will be no COT update till the released data is up to date.

Dow
Daily UT, Weekly UT
Potential resistance around 48,273

Potential support around 46,144, 44,014, 41,884

S&P
Daily UT, Weekly UT

Potential resistance around 6,987

Potential support around 6,751, 6,516, 6,280, 6,045

Nasdaq
Daily UT, Weekly UT

Potential resistance around 25,766, 26,488

Potential support around 25,043, 24,321, 23,598

Russell
Daily Neutral, Weekly Neutral
Potential resistance around 2,561, 2,691

Potential support around 2,430, 2,300, 2,170

Key event to watch out for (SG Time, GMT+8)

01 Dec, Mon

• 0945 China Caixin Manufacturing PMI (MoM) (Nov)
• 1655 Germany HCOB Manufacturing PMI (Nov)
• 1700 Europe HCOB Manufacturing PMI (Nov)
• 1730 UK S&P Global Manufacturing PMI (Nov)
• 2245 US Chicago PMI (Dec)
• 2245 US S&P Global Manufacturing PMI (Nov)
• 2300 US ISM Manufacturing PMI (Nov)

02 Dec, Tue

• 0830 Australia Building Approvals (MoM) (Oct)
• 0900 US Fed Chair Powell Speaks
• 1500 UK Nationwide HPI (MoM) (Nov)
• 1500 UK Nationwide HPI (YoY) (Nov)
• 1800 Europe Core CPI (YoY) (Nov)  
• 1800 Europe CPI (YoY) (Nov)  
• 1800 Europe Unemployment Rate (Oct)

03 Dec, Wed

• 0830 Australia GDP (QoQ) (Q3)
• 0830 Australia GDP (YoY) (Q3)
• 0945 China Caixin Services PMI (Nov)
• 1655 Germany HCOB Services PMI (Nov)
• 1700 Europe HCOB Services PMI (Nov)
• 2115 US ADP Nonfarm Employment Change (Nov)
• 2245 US S&P Global Services PMI (Nov)
• 2300 US ISM Non-Manufacturing PMI (Nov)
• 2330 US Crude Oil Inventories

04 Dec, Thu

• 2130 US Initial Jobless Claims
• 2300 Canada Ivey PMI (Nov)

05 Dec, Fri

• 1800 Europe GDP (QoQ) (Q3)
• 2130 Canada Employment Change (Nov)
• 2130 Canada Unemployment Rate (Nov)
• 2300 US Core PCE Price Index (MoM) (Sep)
• 2300 US Michigan Consumer Sentiment (Dec) 

Dollar Index closed lower

The dollar index closed lower with an inside day on the weekly chart.
Resistance at 99.8, 100.3, 102.3
Support at 98.7, 97.3, 96.3

COT for Dollar Index

The release of the COT data has resumed. They are clearing the backlog due to the US government shutdown.  There will be no COT update till the released data is up to date.

Weekly chart with 50 SMA

US Markets 22 Nov 25

The US market broke the previous week's low and closed lower. The trend of Russell turned down.

BDI continued to close higher from 2,125 (14 Nov) to 2,275 (21 Nov)

Harpex remained the same at 2,184 (21 Nov)

CDFI reversed to close higher from 1,149.36 (14 Nov) to 1,181.54 (21 Nov)

CCFI closed higher from 1,094.03 (14 Nov) to 1,122.79 (21 Nov)

The dollar index broke the previous week's low and closed lower.

Watch out for

• US short trading week.
• GDP data from multiple countries

The release of the COT data has resumed. They are clearing the backlog due to the US government shutdown.  There will be no COT update till the released data is up to date.

Dow
Daily UT, Weekly UT
Potential resistance around 48,273

Potential support around 46,144, 44,014, 41,884

S&P
Daily UT, Weekly UT

Potential resistance around 6,751, 6,987

Potential support around 6,516, 6,280, 6,045

Nasdaq
Daily UT, Weekly UT

Potential resistance around 24,321, 25,043, 25,766

Potential support around 23,598, 22,876, 22,154

Russell
Daily Neutral, Weekly UT
Potential resistance around 2,430, 2,561, 2,691

Potential support around 2,300, 2,170, 2,040

Key event to watch out for (SG Time, GMT+8)

24 Nov, Mon

• Japan on holiday

25 Nov, Tue

• 1500 Germany GDP (QoQ) (Q3)
• 2130 US Core Retail Sales (MoM) (Sep)
• 2130 US Retail Sales (MoM) (Sep)
• 2130 US PPI (MoM) (Sep)
• 2300 US CB Consumer Confidence (Nov)

26 Nov, Wed

• 0830 Australia CPI (QoQ) (Oct)
• 0900 New Zealand RBNZ Interest Rate Decision
• 1800 UK Autumn Forecast Statement 
• 2130 US Building Permits (Sep) 
• 2130 US Durable Goods Orders (MoM) (Sep)  
• 2130 US GDP (QoQ) (Q3)  
• 2130 US Initial Jobless Claims
• 2300 US Core PCE Price Index (MoM) (Sep)
• 2300 US New Home Sales (Sep)
• 2330 US Crude Oil Inventories

27 Nov, Thu

• US on holiday

28 Nov, Fri

• US on holiday (Early close)
• 1655 Germany Unemployment Rate (Nov)
• 2100 Germany CPI (MoM) (Nov) 
• 2130 Canada GDP (YoY) (Q3)

Dollar Index closed lower

The dollar index broke the previous week's low and closed lower.
Resistance at 100.3, 102.3
Support at 99.8, 98.7, 97.3, 96.3

COT for Dollar Index

The release of the COT data has resumed. They are clearing the backlog due to the US government shutdown.  There will be no COT update till the released data is up to date.

Weekly chart with 50 SMA