US Markets 25 Oct 25

The Daylight Saving Time Ends on 02 Nov 2025.

The US market closed at a historic high.

BDI reversed to close lower from 2,069 (17 Oct) to 1,991 (24 Oct)

Harpex closed lower from 2,185 (17 Oct) to 2,182 (24 Oct)

CDFI reversed to close lower from 1,167.52 (17 Oct) to 1,135.85 (24 Oct)

CCFI reversed to close higher from 973.11 (17 Oct) to 992.74 (24 Oct)

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

Watch out for

• GDP and CPI data from multiple countries
• Interest rate decisions by Canada, the US, Japan and Europe.

There will be no COT update due to the US government shutdown.

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

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

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

Potential support around 2,430, 2,300, 2,170, 2,040

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

27 Oct, Mon

• New Zealand on holiday
• 1700 Germany Ifo Business Climate Index (Oct)
• 2030 US Durable Goods Orders (MoM) (Sep)
• 2030 US Core Durable Goods Orders (MoM) (Sep)

28 Oct, Tue

• 1300 Japan BoJ Core CPI (YoY)
• 2200 US CB Consumer Confidence (Oct)

29 Oct, Wed

• Hong Kong on holiday
• 0830 Australia CPI (YoY) (Q3)
• 2145 Canada BoC Interest Rate Decision
• 2230 US Crude Oil Inventories

30 Oct, Thu

• 0200 US FOMC Statement
• 0200 US Fed Interest Rate Decision
• 0230 US FOMC Press Conference 
• 1100 Japan BoJ Interest Rate Decision
• 1700 Germany GDP (QoQ) (Q3) 
• 1800 Europe GDP (QoQ) (Q3) 
• 2030 US GDP (QoQ) (Q3) 
• 2030 US Initial Jobless Claims
• 2100 Germany CPI (MoM) (Oct)  
• 2115 Europe ECB Interest Rate Decision (Oct)

31 Oct, Fri

• 0930 China Manufacturing PMI (Oct)
• 1500 UK Nationwide HPI (MoM) (Oct)
• 1800 Europe CPI (YoY) (Oct) 
• 1800 Europe Core CPI (YoY) (Oct) 
• 2030 US Core PCE Price Index (MoM) (Sep)
• 2030 US Core PCE Price Index (YoY) (Sep)
• 2030 Canada GDP (MoM) (Aug)
• 2030 Canada GDP (MoM) (Sep)
• 2145 US Chicago PMI (Oct)

Dollar Index continued to be directionless

The dollar index closed lower with an inside day on the weekly chart again.
Resistance at 98.7, 99.8, 100.3
Support at 97.3, 96.3, 95.0, 94.0 

COT for Dollar Index

There will be no COT update due to the US government shutdown.

Weekly chart with 50 SMA

US Markets 18 Oct 25

The US market closed lower. The Dow, S&P and Nasdaq closed with an inside day on the weekly chart.

BDI continued to close higher from 1,936 (10 Oct) to 2,069 (17 Oct)

Harpex closed lower from 2,191 (10 Oct) to 2,185 (17 Oct)

CDFI reversed to close higher from 1,116.68 (10 Oct) to 1,167.52 (17 Oct)

CCFI closed lower from 1,014.78 (10 Oct) to 973.11 (17 Oct)

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

Watch out for

• China GDP
• Manufacturing PMI, Services PMI and CPI data from multiple countries

There will be no update on COT due to the shutdown of the US government.

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 6,516, 6,751

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

Nasdaq
Daily UT, Weekly UT

Potential resistance around 25,043, 25,766

Potential support around 24,321, 23,598, 22,876,

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

Potential support around 2,430, 2,300, 2,170, 2,040

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

20 Oct, Mon

• 0915 China PBoC Loan Prime Rate
• 1000 China GDP (YoY) (Q3)
• 1000 China Industrial Production (YoY) (Sep)

21 Oct, Tue

• 2030 Canada Core CPI (MoM) (Sep)
• 2030 Canada CPI (MoM) (Sep)

22 Oct, Wed

• 1400 UK CPI (YoY) (Sep)
• 2230 US Crude Oil Inventories

23 Oct, Thu

• 2030 US Initial Jobless Claims
• 2030 Canada Core Retail Sales (MoM) (Aug)
• 2030 Canada Retail Sales (MoM) (Aug)
• 2200 US Existing Home Sales (Sep)

24 Oct, Fri

• 0730 Japan National Core CPI (YoY) (Sep)
• 0730 Japan National CPI (YoY) (Sep)
• 1400 UK Core Retail Sales (YoY) (Sep)
• 1400 UK Retail Sales (YoY) (Sep)
• 1530 Germany HCOB Manufacturing PMI (Oct) 
• 1530 Germany HCOB Services PMI (Oct) 
• 1600 Europe HCOB Manufacturing PMI (Oct) 
• 1600 Europe HCOB Services PMI (Oct) 
• 1630 UK S&P Global Manufacturing PMI (Oct)  
• 1630 UK S&P Global Services PMI (Oct)  
• 2030 US Core CPI (MoM) (Sep)
• 2030 US CPI (MoM) (Sep)
• 2145 US S&P Global Manufacturing PMI (Oct)  
• 2145 US S&P Global Services PMI (Oct) 
• 2200 US Michigan Consumer Sentiment (Oct)
• 2200 US New Home Sales (Sep)

Dollar Index continued to be directionless

The dollar index closed lower with an inside day on the weekly chart.
Resistance at 98.7, 99.8, 100.3
Support at 97.3, 96.3, 95.0, 94.0 

COT for Dollar Index

There will be no update on COT due to the shutdown of the US government.

Weekly chart with 50 SMA

US Markets 11 Oct 25

The US market closed lower. While the Dow broke the previous week's low, the S&P, Nasdaq and the Russell closed with an outside day on the weekly charts.

BDI recovered from 1,901 (03 Oct) to 1,936 (10 Oct)

Harpex continued to close lower from 2,203 (03 Oct) to 2,191 (10 Oct)

CDFI continued to close lower from 1,161.08 (30 Sep) to 1,116.68 (10 Oct)

CCFI closed lower from 1,087.41 (26 Sep) to 1,014.78 (10 Oct)

The dollar index closed lower while consolidating.

Watch out for

• CPI data from multiple countries
• Speech by Fed Chair Powell

There will be no update on COT due to the shutdown of the US government.

Dow
Daily UT, Weekly UT
Potential resistance around 46,144, 48,273

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

S&P
Daily UT, Weekly UT

Potential resistance around 6,516, 6,751

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

Nasdaq
Daily UT, Weekly UT

Potential resistance around 24,321, 25,043

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

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

Potential support around 2,300, 2,170, 2,040, 1,910

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

13 Oct, Mon

• Canada on holiday
• No important data

14 Oct, Tue

• 0830 Australia RBA Meeting Minutes
• 1400 UK Unemployment Rate (Aug)
• 1400 UK Claimant Count Change (Sep)
• 1400 Germany CPI (MoM) (Sep)
• 1700 Germany ZEW Economic Sentiment (Oct)
• 1730 Europe ZEW Economic Sentiment (Oct)

15 Oct, Wed

• 0020 US Fed Chair Powell Speaks
• 0930 China CPI (YoY) (Sep)
• 0930 China PPI (YoY) (Sep)
• 2030 US NY Empire State Manufacturing Index (Oct)

16 Oct, Thu

• 0830 Australia Unemployment Rate (Sep)
• 1400 UK GDP (MoM) (Aug)
• 1400 UK Industrial Production (MoM) (Aug)
• 2030 US Initial Jobless Claims
• 2030 US Core Retail Sales (MoM) (Sep)
• 2030 US Philadelphia Fed Manufacturing Index (Oct)
• 2030 US PPI (MoM) (Sep)
• 2030 US Retail Sales (MoM) (Sep)

17 Oct, Fri

• 0000 US Crude Oil Inventories
• 1700 Europe CPI (YoY) (Sep)
• 1700 Europe Core CPI (YoY) (Sep)
• 2030 US Building Permits (Sep)  
• 2030 US Housing Starts (MoM) (Sep)

Dollar Index continued to be directionless

The dollar index closed higher while consolidating.
Resistance at 98.7, 99.8, 100.3
Support at 97.3, 96.3, 95.0, 94.0 

COT for Dollar Index

There will be no update on COT due to the shutdown of the US government.

Weekly chart with 50 SMA

US Markets 04 Octl 25

The US market closed at a historic high.

BDI slumped from 2,259 (26 Sep) to 1,901 (03 Oct)

Harpex reversed to close lower from 2,212 (26 Sep) to 2,203 (03 Oct)

CDFI reversed to close lower from 1,188.97 (26 Sep) to 1,161.08 (30 Sep)

CCFI remained closed at 1,087.41 (26 Sep) due to China's long holiday

The dollar index closed lower while consolidating.

Watch out for

• China has a short trading week
• FOMC Meeting Minutes
• Speech by Fed Chair Powell

There will be no update on COT due to the shutdown of the US government.

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

Potential support around 46,144, 44,014, 41,884, 39,754

S&P
Daily UT, Weekly UT

Potential resistance around 6,751

Potential support around 6,516, 6,280, 6,045, 5,809

Nasdaq
Daily UT, Weekly UT

Potential resistance around 25,043

Potential support around 24,321, 23,598, 22,876,22,154

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

Potential support around  2,430, 2,300, 2,170, 2,040

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

06 Oct, Mon

• China on holiday
• No important data

07 Oct, Tue

• China and Hong Kong on holiday
• 2200 Canada Ivey PMI (Sep)

08 Oct, Wed

• China on holiday
• 0900 New Zealand RBNZ Interest Rate Decision
• 2230 US Crude Oil Inventories

09 Oct, Thu

• 0300 US FOMC Meeting Minutes  
• 2030 US Fed Chair Powell Speaks 
• 2030 US Initial Jobless Claims

10 Oct, Fri

• 0100 US 30-Year Bond Auction
• 2030 Canada Unemployment Rate (Sep)
• 2200 US Michigan Consumer Sentiment (Oct)  

Dollar Index continued to be directionless

The dollar index closed lower while consolidating.
Resistance at 98.7, 99.8, 100.3
Support at 97.3, 96.3, 95.0, 94.0 

COT for Dollar Index

There will be no update on COT due to the shutdown of the US government.

Weekly chart with 50 SMA