US Market Pre-Open – Futures Digest All-Time Highs

Nasdaq futures trading slightly positive adding 0.03% at 8,378 after Chinese officials said today that China and US had reached a consensus on resolving some important trade issues while yesterday the Chinese government said that would raise fines on intellectual property violations. The S&P 500 futures trading 0.01% higher at 3,132 and Dow Jones futures adding 0.05% at 28,053 as investors await later today the US consumer confidence data for the November and new-home sales for October.

InvestingCube's S&R Levels

NAS100

NAS100 (11461)

Waiting for a Breakout

BUY

SELL

TP1

12000

TP2

Yesterday, Fed chair Jerome Powell, reiterated his optimistic view of the U.S. economy and also said that the Fed’s three rate cuts this year have helped real estate, contributing to the economy’s longest expansion.

Asian indices finished mixed as investors turn cautious after the recent rally, the Nikkei 225 finished 0.35% higher at 23,373 while the Hang Seng finished 0.29% lower at 26,913.

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European equities also started the session mixed; the Dax is 0.12% lower, CAC 40 trading 0.03% lower at 5,923. In London, the FTSE 100 consolidates at three-week highs.

In forex markets, the EURUSD trades 0.08% higher at 1.1021 the daily high, the AUDUSD to remain bearish as RBA could cut rates in February, while USDINR Correction Might Test 71.024 the 50-Day MA.

In commodities markets, inverse head and shoulders spotted! Crude Oil prices About to Surge Above $58.00?, Gold prices trade lower on renewed trade deal optimism.

Cryptocurrencies consolidate today after the strong rebound yesterday from six-month lows and oversold level, Bitcoin BTCUSD Rebounds From Six-Month Lows, Regains the 7,000 Mark, Ripple XRPUSD Rebounds on Bargain Hunting, Bitcoin Cash Price Today: Still Testing the $210 Key Price Level.More content