Limit Up! 12 December 2025

Overnight

Economic Indicators Released Overnight

 A big miss in the Australian jobs report helped defray the speculation that the next interest rate move would be up. And US Initial Jobless Claims rose more than expected. The US Treasury even managed to get the 30 year auction away without any fuss.

It was a day for markets to digest Powell's presser and it's implications. It's too near the end of the year for any big reaction, but it'll be going off on 2nd January.

US Equities

Breaking

Oracle shares sink as worries swirl over huge spending on data centres [FT]

Bank of Japan reluctant to intervene on rising yields, sources say [investing.com]

Commodities

Price has moved back nicely to the top of the bull flag, but now faces a lot of resistance, a break of 4,290 and 4,325 can lead to a retest of the all time high at 4,380. Read more

GOLD/USD Daily

Foreign Exchange

DXY dropped as low as 97.75 before recovering, and unlike yields still remains under pressure. The confluence of downtrend support and 15 year support at 96.30 looks like it could easily happen. To the upside the treble top at 100.00 keeps price contained. Read more

DXY Daily

Equities

A clear break of the pivot line but need to wait for tomorrow for confirmation. An all time high as well. NASDAQ and S&P 500 didn’t perform as well so we need to see how the week ends. Read more

DOW JONES INDUSTRIAL AVERAGE DAILY

Bonds

The initial drop in yield down to 4.10% didn’t last long and yield closed at 4.15%, pretty much unchanged on the day. We still think rates are going higher and we’ll test the 4.18% to 4.20% resistance again. Read more

US 10 Year Government Bond Yield Daily

Economic Indicators Today

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