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)