Indices Market

The recent bearish trend isn’t confined to the S&P 500. The Dow Jones Industrial Average has experienced its first 10-day losing streak since 1974, shedding nearly 2,900 points over two weeks from its highest to its lowest points.

Nasdaq futures are wobbling after the Fed’s hawkish cut, but 21340 is holding firm—for now. Will this level anchor a rebound, or are deeper losses lurking just below?

AUD/USD plunged alongside Wall Street indices following the Fed's last meeting of the year. And if Santa’s rally is to kick in at all this year, it could be to pick up some of the crumbs left during yesterday’s volatile selloff.

A decent bullish reversal candle has formed on the ASX 200 on Tuesday, which begs the question as to whether Santa’s rally is about to kick into gear. Although it is the FOMC meeting within the next 24 hours which could decide when or even if it starts at all.

Wall Street indices are just not on the same page at the moment, with the Nasdaq hitting a record high, while the S&P 500 trading sideways and the Dow chalks up its worst daily bearish streak in 12 years. And that's not good for the ASX.

USD/JPY breaks higher as surging US yields keep the yen under pressure. Nikkei 225 traders are taking note, pushing futures towards the top of the recent range before the Fed and BoJ rate decisions – is a bullish breakout on the menu?

What are the odds of a Deecember melt up in the S&P 500?

ASX 200 futures (SPI 200) were allowed to print a fresh record high on a daily-close basis. Yet 8500 remains a clear level of resistance, and one which prompted a potential bearish reversal pattern.

Despite the current gains, a correction may be necessary before the market can sustain a significant upward trajectory, but so far, the technical Nasdaq 100 analysis is still bullish and we haven’t seen a reversal stick.

Wall Street indices took the relatively rare step of ignoring its tendency to rally ahead of the Thanksgiving holiday, and price action suggests there could be deeper pullback. Which may not bode so well for ASX 200 bulls who may be sleeping behind their wheel around a record high.

In Europe, concerns about US tariffs, a struggling Eurozone economy and political uncertainty in France and Germany are continuing to hold back risk assets. France's CAC index is now nearly 6% lower on the year. The DAX forecast is also far from bullish, with a key drag being the European auto sector’s reaction to potential tariff threats.

Caught in the middle of an outperforming US and underperforming Chinese equities, European markets rallied last week despite fresh concerns about the eurozone economy. While the selling has been contained to the euro so far, should recession worries intensify then we could see the stock market also respond negatively, putting the DAX outlook on a negative watch.

While the market appears bullish right now, the S&P 500 forecast is far from certain, especially with a lack of fresh bullish catalysts to consider. Could profit-taking negatively impact the market soon?

GBPUSD, Nasdaq Forecast: Following the DXY’s pullback from the 107-mark, the GBPUSD held its ground, hinting at a potential bullish rebound. Meanwhile, Nasdaq entered a pullback mode to recharge from the Trump rally effect, signaling a possible recovery phase.

The Hang Seng has seen no fewer than six times already this year on the daily charts, and it looks like it wants to tally up a seventh.