US Markets 16 Aug 25

The US market closed higher. The Dow, S&P and Nasdaq closed at historic highs.

While BDI and CDFI reversed to close lower, CCFI continued to close lower, and Harpex closed higher.

The dollar index closed lower while consolidating.

Watch out for

• Interest Rate Decision from New Zealand
• China PBoC Loan Prime Rate
• Manufacturing PMI, Service PMI and CPI data from multiple countries
• US FOMC Meeting Minutes 
• US Jackson Hole Symposium
• US Fed Chair Powell speech

Instruments that show buying interest (3) from Dealer/Intermediary (sell-side participants)

UT 

• None

Neutral 

• None

DT 

• None

Instruments that show selling interest at extreme (2) by Dealer/Intermediary (sell-side participants)
UT 

• None

Neutral 

• None

DT 

• None

Note

(1) COT Index >= 90, Buying interest at extreme
(2) COT Index <= 10, Selling interest at extreme
(3) COT Index >= 70, rising COT Index, monitor for trend reversal

Down Trend and Up Trend are based on 50 Simple Moving Averages.

Dow
Daily UT, Weekly UT
Potential resistance around 46,144

Potential support around 44,014, 41,884, 39,754, 37,625

S&P
Daily UT, Weekly UT

Potential resistance around 6,516

Potential support around 6,280, 6,045, 5,809, 5,574

Nasdaq
Daily UT, Weekly UT

Potential resistance around 24,321

Potential support around 23,598, 22,876,22,154, 21,431

Russell
Daily UT, Weekly UT
Potential resistance around 2,300, 2,430

Potential support around 2,170, 2,040, 1,910, 1,779

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

18 Aug, Mon

• No important data

19 Aug, Tue

• 2030 US Building Permits (Jul)  
• 2030 Canada Core CPI (MoM) (Jul)
• 2030 Canada CPI (MoM) (Jul)

20 Aug, Wed

• 0915 China PBoC Loan Prime Rate
• 1000 New Zealand RBNZ Interest Rate Decision
• 1400 UK CPI (YoY) (Jul)
• 1700 Europe CPI (YoY) (Jul)
• 2230 US Crude Oil Inventories

21 Aug, Thu

• 0200 US FOMC Meeting Minutes  
• 0700 Australia S&P Global Manufacturing PMI (Aug) 
• 0700 AustraliaS&P Global Services PMI (Aug)
• 0800 US Jackson Hole Symposium 
• 1530 Germany HCOB Manufacturing PMI (Aug)  
• 1530 Germany HCOB Services PMI (Aug)  
• 1600 Europe HCOB Manufacturing PMI (Aug)  
• 1600 Europe HCOB Services PMI (Aug)  
• 1630 UK S&P Global Manufacturing PMI (Aug) 
• 1630 UK S&P Global Services PMI (Aug) 
• 2030 US Initial Jobless Claims
• 2030 US Philadelphia Fed Manufacturing Index (Aug)
• 2145 US S&P Global Manufacturing PMI (Aug) 
• 2145 US S&P Global Services PMI (Aug)  
• 2200 US Existing Home Sales (Jul)

22 Aug, Fri

• 1400 UK Core Retail Sales (YoY) (Jul)
• 1400 UK Retail Sales (YoY) (Jul)
• 0800 US Jackson Hole Symposium 
• 1400 Germany GDP (QoQ) (Q2)
• 2030 Canada Retail Sales (YoY) (Jun)
• 2200 US Fed Chair Powell Speaks