- \n
- The blue chip average traded above 44,000 for the first time ever during the session.<\/em><\/li>\n<\/ul>\n\n\n\n
- \n
- The S&P 500 gained 0.38% to close at 5,995.54, after briefly trading above 6,000 for its own milestone.<\/em><\/li>\n<\/ul>\n\n\n\n
- \n
- The tech-heavy Nasdaq Composite lagged, up just 0.09% to 19,286.78, but set an intraday record high as well.<\/em><\/li>\n<\/ul>\n\n\n\n
- \n
- All three averages finished the week at record closing levels.<\/em><\/li>\n<\/ul>\n\n\n\n
UPCOMING MARKET EVENTS<\/h1>\n\n\n
\n![\"economic-events-fundamental-indicators\"](\"https:\/\/www.vtmarkets.com\/tr\/wp-content\/uploads\/sites\/9\/2024\/11\/economic-events-fundamental-indicators.jpeg\")
<\/figure><\/div>\n\n\nEconomical indicators on the various markets that could be impacted today by the events scheduled to come.<\/p>\n\n\n\n
MARKET MOVERS<\/h1>\n\n\n\n
NAS100<\/h2>\n\n\n\n
![\"nasdaq-100\"](\"https:\/\/www.vtmarkets.com\/tr\/wp-content\/uploads\/sites\/9\/2024\/11\/nasdaq-100-1024x583.jpeg\")
<\/figure>\n\n\n\nPossible long preference<\/strong><\/em><\/h3>\n\n\n\n
Long positions above 21160.34 with targets at 21224.51 & 21312.20 in extension.<\/em><\/p>\n\n\n\n
Alternative scenario<\/strong><\/em><\/h3>\n\n\n\n
Below 21078.14 look for further downside with 20992.13 & 20892.60 as targets.<\/em><\/p>\n\n\n\n
The RSI is above its neutrality area at 50%.<\/strong><\/em><\/p>\n\n\n\n
<\/p>\n\n\n\n
DJ30<\/h2>\n\n\n\n
![\"\"](\"https:\/\/www.vtmarkets.com\/tr\/wp-content\/uploads\/sites\/9\/2024\/11\/DJ30-1024x582.jpeg\")
<\/figure>\n\n\n\nPossible long preference<\/strong><\/em><\/h3>\n\n\n\n
Long positions above 44264.54 with targets at 44343.13 & 44421.72in extension.<\/em><\/p>\n\n\n\n
Alternative scenario<\/strong><\/em><\/h3>\n\n\n\n
Below 44139.09 look for further downside with 44077.01 & 44008.40 as targets.<\/em><\/p>\n\n\n\n
The RSI calls for a newupleg.<\/strong><\/em><\/p>\n\n\n\n
SP500<\/h2>\n\n\n\n
![\"SP500\"](\"https:\/\/www.vtmarkets.com\/tr\/wp-content\/uploads\/sites\/9\/2024\/11\/sp500-1024x583.jpeg\")
<\/figure>\n\n\n\nPossible long indication<\/strong><\/em><\/h3>\n\n\n\n
Long positions above 6032.03 with targets at 6049.46 & 6070.62 in extension.<\/em><\/p>\n\n\n\n
Alternative scenario<\/strong><\/em><\/h3>\n\n\n\n
Below 6008.79 look for further downside with 5996.17 & 5974.37 as targets.<\/em><\/p>\n\n\n\n
The RSI advocates for further upside<\/strong><\/em>.<\/p>\n\n\n\n
TODAY’S NEWS HEADLINES<\/h1>\n\n\n\n
Gold extends decline while investors await U.S. data and Fed comments<\/strong><\/h2>\n\n\n\n
- \n
- Gold prices fell for a second straight session on Monday, while investors prepared for U.S. economic data and comments from Federal Reserve<\/a> officials this week for more clarity on the future direction of U.S. interest rates.<\/li>\n<\/ul>\n\n\n\n
- \n
- Spot gold dropped 0.5% to $2,669.22 per ounce, as of 0306 GMT. U.S.<\/li>\n<\/ul>\n\n\n\n
- \n
- Gold futures fell 0.7% to $2,675.90.<\/li>\n<\/ul>\n\n\n\n
- \n
- Spot silver fell 0.4% to $31.17 per ounce,<\/li>\n<\/ul>\n\n\n\n
- \n
- Platinum rose 0.3% to $971.11,<\/li>\n<\/ul>\n\n\n\n
- \n
- Palladium added 0.5% to $993.74.<\/li>\n<\/ul>\n\n\n\n
Dollar braces for U.S. inflation data and several Fed speakers<\/strong><\/h2>\n\n\n\n
- \n
- The dollar started in a cautious mood on Monday as markets braced for U.S. inflation data and a throng of Federal Reserve speakers this week, while the yuan nursed a hangover from Beijing\u2019s latest underwhelming stimulus package.<\/li>\n<\/ul>\n\n\n\n
- \n
- The dollar stood at 7.1970 yuan, having jumped 0.7% on Friday, and looks set to again test the 7.2000 barrier.<\/li>\n<\/ul>\n\n\n\n
- \n
- The dollar was up 0.1% on the yen at 152.90, having been dragged off last week\u2019s top of 154.70 by the risk of Japanese intervention.<\/li>\n<\/ul>\n\n\n\n
- \n
- The dollar index was a fraction firmer at 105.00, after gaining 0.6% last week mainly against the euro.<\/li>\n<\/ul>\n\n\n\n
Oil slips as U.S. storm threat eases, with China stimulus disappointing<\/strong><\/h2>\n\n\n\n
- \n
- Oil prices extended declines on Monday as the threat of a supply disruption from a U.S. storm eased and after China\u2019s stimulus plan disappointed investors seeking fuel demand growth in the world\u2019s No. 2 oil consumer.<\/li>\n<\/ul>\n\n\n\n
- \n
- Brent crude futures dropped 19 cents, or 0.3%, to $73.68 a barrel by 0104 GMT<\/li>\n<\/ul>\n\n\n\n
- \n
- U.S. West Texas Intermediate crude futures were at $70.13 a barrel, down 25 cents, or 0.4%.<\/li>\n<\/ul>\n\n\n\n
- \n
- Both benchmarks fell more than 2% last Friday.<\/li>\n<\/ul>\n\n\n\n
Click here<\/a> to open account and start trading.<\/p>\n","protected":false},"excerpt":{"rendered":"
The start of the week on Monday, November 11, 2024, will set the tone as investors focus on a mix of economic data and early-week earnings.Investors may start the week cautiously as they await inflation data and the tail end of earnings season. Markets will likely see moderate activity as traders position themselves in anticipation Continue Reading<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-14633","post","type-post","status-publish","format-standard","hentry","category-analysis"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/14633","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/comments?post=14633"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/14633\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=14633"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=14633"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=14633"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
- Both benchmarks fell more than 2% last Friday.<\/li>\n<\/ul>\n\n\n\n
- U.S. West Texas Intermediate crude futures were at $70.13 a barrel, down 25 cents, or 0.4%.<\/li>\n<\/ul>\n\n\n\n
- Brent crude futures dropped 19 cents, or 0.3%, to $73.68 a barrel by 0104 GMT<\/li>\n<\/ul>\n\n\n\n
- Oil prices extended declines on Monday as the threat of a supply disruption from a U.S. storm eased and after China\u2019s stimulus plan disappointed investors seeking fuel demand growth in the world\u2019s No. 2 oil consumer.<\/li>\n<\/ul>\n\n\n\n
- The dollar index was a fraction firmer at 105.00, after gaining 0.6% last week mainly against the euro.<\/li>\n<\/ul>\n\n\n\n
- The dollar was up 0.1% on the yen at 152.90, having been dragged off last week\u2019s top of 154.70 by the risk of Japanese intervention.<\/li>\n<\/ul>\n\n\n\n
- The dollar stood at 7.1970 yuan, having jumped 0.7% on Friday, and looks set to again test the 7.2000 barrier.<\/li>\n<\/ul>\n\n\n\n
- The dollar started in a cautious mood on Monday as markets braced for U.S. inflation data and a throng of Federal Reserve speakers this week, while the yuan nursed a hangover from Beijing\u2019s latest underwhelming stimulus package.<\/li>\n<\/ul>\n\n\n\n
- Palladium added 0.5% to $993.74.<\/li>\n<\/ul>\n\n\n\n
- Platinum rose 0.3% to $971.11,<\/li>\n<\/ul>\n\n\n\n
- Spot silver fell 0.4% to $31.17 per ounce,<\/li>\n<\/ul>\n\n\n\n
- Gold futures fell 0.7% to $2,675.90.<\/li>\n<\/ul>\n\n\n\n
- Spot gold dropped 0.5% to $2,669.22 per ounce, as of 0306 GMT. U.S.<\/li>\n<\/ul>\n\n\n\n
- Gold prices fell for a second straight session on Monday, while investors prepared for U.S. economic data and comments from Federal Reserve<\/a> officials this week for more clarity on the future direction of U.S. interest rates.<\/li>\n<\/ul>\n\n\n\n
- All three averages finished the week at record closing levels.<\/em><\/li>\n<\/ul>\n\n\n\n
- The tech-heavy Nasdaq Composite lagged, up just 0.09% to 19,286.78, but set an intraday record high as well.<\/em><\/li>\n<\/ul>\n\n\n\n
- The S&P 500 gained 0.38% to close at 5,995.54, after briefly trading above 6,000 for its own milestone.<\/em><\/li>\n<\/ul>\n\n\n\n