US Markets 01 Nov 25

The Daylight Saving Time Ends 02 Nov 2025

The US market closed at a historic high, except the Russell closed lower.

BDI reversed to close lower from 1,991 (24 Oct) to 1,966 (31 Oct)

Harpex reversed to close higher from 2,182 (24 Oct) to 2,184 (31 Oct)

CDFI continued to close lower from 1,135.85 (24 Oct) to 1,126.81 (31 Oct)

CCFI continued to close higher from 992.74 (24 Oct) to 1,021.39 (31 Oct)

The dollar index broke the recent consolidation resistance and closed higher.

Watch out for

• Manufacturing PMI and Caixin Services PMI data from multiple countries
• Interest rate decisions by Australia and the UK.

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 26,488

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

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)

03 Nov, Mon

• Japan on holiday
• 0830 Australia Building Approvals (MoM) (Sep)
• 0945 China Caixin Manufacturing PMI (MoM) (Oct)
• 1655 Europe HCOB Manufacturing PMI (Oct)
• 1700 Germany HCOB Manufacturing PMI (Oct)
• 1730 UK S&P Global Manufacturing PMI (Oct)
• 2245 US S&P Global Manufacturing PMI (Oct)
• 2300 US ISM Manufacturing PMI (Oct)

04 Nov, Tue

• 1130 Australia RBA Interest Rate Decision (Nov)
• 2300 US JOLTS Job Openings (Sep)

05 Nov, Wed

• 0750 Japan Monetary Policy Meeting Minutes
• 0945 China Caixin Services PMI (Oct)
• 1655 Germany HCOB Services PMI (Oct)
• 1700 Europe HCOB Services PMI (Oct)
• 1730 UK S&P Global Services PMI (Oct)
• 2115 US ADP Nonfarm Employment Change (Oct)
• 2200 US ISM Non-Manufacturing PMI (Oct)
• 2245 US S&P Global Services PMI (Oct)
• 2330 US Crude Oil Inventories

06 Nov, Thu

• 2000 UK BoE Interest Rate Decision (Nov)
• 2130 US Nonfarm Productivity (QoQ) (Q3) 
• 2300 Canada Ivey PMI (Oct)

07 Nov, Fri

• 2130 Canada Employment Change (Oct)
• 2130 Canada Unemployment Rate (Oct)
• 2300 US Michigan Consumer Sentiment (Nov)