MNI BRIEF: Inflation Now Consistent With Target-EC Dombrovskis

MNI China Daily Summary: Monday, November 4

MNI BRIEF: Key China Steel Province's PMI Up Sharply In Oct

MNI NBP WATCH: CPI, Core Point To First Cut In Q2 2025

RPT-MNI POLICY: Mexico FX Intervention Only In Market Disorder

MNI: PBOC Net Drains CNY224.3 Bln via OMO Monday

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

MNI: US SEP FACTORY ORDERS -0.5%; EX-TRANSPORT NEW ORDERS +0.1%

MNI: EUROZONE OCT FINAL MANUF PMI 46.0 (FLASH 45.9); SEP 45.0

EUROPEAN FISCAL: DE 2025 Budget Gap Grows; Political Risk Is Rising

CANADA: Politics Week: Trudeau Facing More Internal Dissent And Departures

CANADA: Politics Week: Trudeau Faces More Pressure To Resign

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

EQUITIES: E-minis Marginally Lower On The Day Through Cash Open

EQUITIES
EquitiesBulletMarketsFixed Income BulletsForeign Exchange Bullets

E-minis biased a little lower into the cash open, after recovering from worst levels of the session.

  • S&P 500 e-minis -0.10%,
  • NASDAQ 100 e-minis -0.06%
  • DJIA e-minis -0.20%.
  • No lead from China to account for today, with the mainland’s week-long holiday now underway.
  • A bull cycle in the S&P 500 e-minis remains intact and last week’s fresh cycle highs reinforce this theme.
  • Moving average studies are in a bull-mode setup and this highlights a dominant uptrend. Scope is seen for a climb towards 5,868.50, a Fibonacci projection, and 5,900.00 further out.
  • On the downside, initial support to watch is 5,709.39, the 20-day EMA. Key support lies at 5,641.58, the Sep 27 low.
105 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

E-minis biased a little lower into the cash open, after recovering from worst levels of the session.

  • S&P 500 e-minis -0.10%,
  • NASDAQ 100 e-minis -0.06%
  • DJIA e-minis -0.20%.
  • No lead from China to account for today, with the mainland’s week-long holiday now underway.
  • A bull cycle in the S&P 500 e-minis remains intact and last week’s fresh cycle highs reinforce this theme.
  • Moving average studies are in a bull-mode setup and this highlights a dominant uptrend. Scope is seen for a climb towards 5,868.50, a Fibonacci projection, and 5,900.00 further out.
  • On the downside, initial support to watch is 5,709.39, the 20-day EMA. Key support lies at 5,641.58, the Sep 27 low.