(MENAFN- DailyFX (IG)) ​​​Macro update ​Equities rise on renewed Fed-cut confidence:

​Wall Street extended its rebound as markets maintained an 87% probability of a December Federal Reserve (Fed) rate cut, supporting tech stocks and broader risk sentiment.

​Boeing jumps on stronger delivery forecast:

​Boeing surged roughly 10% after projecting higher 737 and 787 deliveries for 2026, giving the Dow Jones its biggest lift and boosting industrials.

​Tech leads as yields retreat:

​Apple, Nvidia and Microsoft gained around 1%, helping the Nasdaq 100 outperform as the previous session's spike in global bond yields eased.

​Bitcoin steadies after sharp losses:

​Crypto-related shares bounced back, with bitcoin reclaiming the $90,000.00 level and reversing part of Monday's steep decline.

​Europe firms as risk appetite improves:

​European markets pointed to a stronger open, with investors awaiting comments from European Central Bank (ECB) President Lagarde and brushing off Monday's brief risk-off move.

​Asia tracks Wall Street gains:

​Japanese technology stocks followed US strength, though banks and automakers lagged amid expectations of a Bank of Japan (BoJ) rate hike and renewed Japanese yen firmness.

​S&P 500 rally loses upside momentum

​Last week's swift rally in the S&P 500 is beginning to lose upside momentum with further consolidation perhaps being in store.

​A slip through Monday's 6,800 low may lead to the 9 October high at 6,764 being revisited whereas a rise above Tuesday's 6,851 high would likely put the 12 November peak at 6,870 on the map.

S&P 500 daily candlestick chart Source: TradingView ​USD/JPY retraces recent gains

USD/JPY has been slipping from its November nine-month high at ¥157.89 but seems to be stabilising above its ¥154.67 early December low. While it holds on a daily chart closing basis, the short-term uptrend will remain intact.

​Minor resistance above the short-term downtrend line may be spotted at ¥156.21-to-¥156.58.

​A rise above the next higher peak at ¥157.89 will likely engage the ¥158.20-to-¥158.55 January highs.

USD/JPY daily candlestick chart Source: TradingView ​Silver price struggles near the $58.00 mark

​The price of silver hit yet another record high at $58.95 per troy ounce but seems to be struggling marginally below the $58.00 mark since the beginning of the month.

​If overcome, the psychological $60.00 region would likely be next in line.

​Minor support is seen along the accelerated uptrend line at $56.4314. More significant support may be seen between the October-to-mid-November highs at $54.4852-to-$54.3935.

Silver daily candlestick chart Source: TradingView Important to know

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