Global Market Report 24th Nov

Global Market Research Report

Markets kicked off the week with cautious optimism, as major indices like the S&P 500, Dow Jones Industrial Average, and Nasdaq 100 stabilized after a volatile prior week. Technicals show the S&P 500 is holding above its 100-day moving average, offering a near-term bullish signal, while the Nasdaq benefited from tech outperformance but faces resistance after recent AI and chip stock volatility. In crypto, Bitcoin remains under pressure, with the price below its 200-day average and an oversold RSI reading around 25—historically a level from which technical rebounds can occur. On the forex side, the Euro, Pound Sterling, and Japanese Yen are steady, with the Indian Rupee strengthening on foreign inflows, despite longer-term pressures from US rate expectations.

Fundamentally, the macro backdrop shows improving sentiment due to rising expectations for Federal Reserve and RBI rate cuts in the coming months, while S&P Global retains strong GDP forecasts for India and the US. Key economic events for today include the Dallas Fed Manufacturing Index, which is closely watched for fresh signals on US industrial momentum—weakness here could weigh on risk appetite. Also, Eurozone sentiment and German retail data are due, with investors seeking evidence of recovery. The general outlook is cautious, with equity bulls eyeing further confirmation of stabilization, while risk remains high in cryptos and select commodities as markets stay reactive to surprise policy or data moves.​

Strong technical levels and macro indicators suggest markets are searching for direction, and traders should monitor Federal Reserve and central bank commentary, US and global PMIs, and sector rotation trends. The Dallas Fed Manufacturing report, Eurozone data, and Bitcoin behaviour are likely to drive sentiment and realign trading priorities today.

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Futures & Indices

Symbol	Value	Change	% Change	Takeaway
US500 (S&P 500)	6,631.6	+18.9	+0.29%	The S&P 500 maintains its uptrend, supported by strong results in large caps. Bulls remain in control as tech and healthcare show resilience.
US30 (Dow Jones Industrial Average)	46,337.0	+50.0	+0.11%	Dow posts small gains after previous rally. Investors favor blue-chips amid global growth hopes.
NAS100 (Nasdaq 100)	24,391.4	+111.7	+0.46%	Nasdaq bounces back quickly, driven by strong tech earnings and improved risk sentiment. More eyes on semiconductors and software stocks.
FCE1! (Euronext CAC 40)	7,989.0	+7.5	+0.09%	French equities edge higher as auto and luxury stocks rebound. Sentiment constructive for EU blue-chips.
FDAX1! (DAX Futures)	23,317	+179	+0.77%	DAX futures rally, with industrials and exporters leading recovery. Expectations for ECB support help tailwinds.
FESX1! (Euro Stoxx 50)	5,556	+40	+0.73%	Euro Stoxx 50 rebounds on banking and energy gains. EU stocks attract flows as macro backdrop steadies.
399106 (SZSE Component)	2,366.531	-3.8046	-0.16%	China A-shares slip marginally, reflecting cautious domestic outlook. Traders watch for new PBOC actions.
HSI (Hang Seng Index)	25,578.89	+358.86	+1.42%	Hong Kong stocks surge, led by tech and property. Relief rally after regulatory clarity.
J225 (Nikkei 225)	48,947.4	+271.0	+0.56%	Nikkei powers ahead on yen declines and robust corporate outlook. Investors eye next BoJ steps.
XJO (ASX 200)	8,514.5	+71.0	+0.16%	Australian market lifts on mining optimism. Commodities help offset banking underperformance.
KOSPI (South Korea)	3,851.78	-1.48	-0.04%	KOSPI posts marginal losses, weighed by chip names. Market awaits more US-China signals.
IRUS (iShares Russell 2000 ETF)	2,685.03	+56.72	+2.16%	US small-caps blast higher in risk-on move; investors rotate into growth. Watch for continued momentum if macro steadies.
MZNPI (Moscow Exchange)	28,323.41	-188.14	-0.66%	Russian stocks fall as energy and RUB volatility increase. Sanction risks remain in the headlines.

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Forex

Pair	Value	Change	% Change	Takeaway
EUR/USD	1.15185	+0.00080	+0.07%	Euro firms slightly vs. USD after ECB comments. FX trend still rangebound as traders weigh global data.
GBP/USD	1.30992	+0.00034	+0.03%	Sterling rises modestly; bullish sentiment driven by strong UK macro. FX cross flows drive modest action.
USD/JPY	156.583	+0.255	+0.16%	Yen slips versus dollar as global risk recovers. BoJ policy remains critical for future moves.
USD/INR	89.1825	-0.4045	-0.45%	Indian Rupee appreciates as FII inflows continue. RBI likely to keep intervention limited for now.

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Crypto

Symbol	Value	Change	% Change	Takeaway
BTC/USD	86,685.26	-123.02	-0.14%	Bitcoin sees mild pullback, volume lighter post-volatility. Bulls cautious after recent liquidations.
ETH/USD	2,820.7	+19.7	+0.70%	Ethereum leads crypto rally, resilience at key support sparks buyer interest. Looking for confirmation over $2,850.
DOGE/USD	0.1451	+0.0001	+0.07%	Dogecoin edges higher with low volatility. Range-bound trade persists as social momentum wanes.
LTC/USD	83.49	+0.41	+0.49%	Litecoin benefits from overall crypto stability. Upside limited until stronger flows emerge.
SOL/USD	131.31	+4.11	+3.23%	Solana outperforms, bouncing on DeFi optimism and active on-chain metrics. Bulls optimistic for further recovery.

Based on today’s data and broader market conditions, the key trading takeaway is to remain selectively risk-on, but with heightened caution around volatility events and macroeconomic releases. Major indices like the S&P 500, Dow Jones Industrial Average, and Nasdaq 100 are technically strong above recent support levels and benefit from renewed US rate cut optimism; however, overhead resistance and the potential for quick reversals remain, especially if economic data such as the Dallas Fed Manufacturing Index or global PMIs disappoint. This is a market that quickly rewards momentum shifts but can abruptly punish late positioning, especially in high-beta stocks and sector leaders.

In crypto, Bitcoin and Ethereum are stabilizing after heightened liquidations, but the technical setup is fragile—unless strong buying emerges, further volatility, especially to the downside, is possible. Forex markets suggest a stable dollar bias, but watch for short-lived spikes around central bank commentary or major data. Above all, maintain disciplined stops, protect profits in positions that are extended, and avoid overleveraging into headline-driven whipsaws. For short-term trades, prioritize liquid assets and clear technical setups, and always monitor macro news flow as it can quickly realign cross-asset sentiment and market direction.

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