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Economic Indicators Released Overnight
All quiet on the western front but equities in flux. Softbank unloaded their Nvidia stake, datacentres can't get electricity and
Fannie Mae changes their rules for lending. Lots of uncertainty. All the doomsters are loving it!
Fannie Mae removes minimum credit score requirements from DU [HousingWire]
A bit of rotation into the Dow Jones.
US Equities
Dollar slides, euro and yen gain as US labor market weakens [Reuters]
UK banks push for easing of capital rules to counter surge in private credit [FT]
Investor angst over Big Tech’s AI spending spills into bond market [FT]
Trump’s trade war backfires as Australian exports to the US surge [AFR]
Every reason to go up, but gives up any gains very easily. Looks like we’ll have another stab at those closes at 101.5k and then the 98.2k pivot support. Read more
Good performance from Silver yesterday as economic uncertainties rise. Into trend resistance at 51.50. We’re looking at 52.30 as the acceleration point higher. Read more
DXY lower with rates yesterday. The failure at the first resistance at 99.80 gives us 2 higher highs and 2 higher lows from the double bottom at 96.20. But price looks weak. Read more
All quiet and 6,770 providing local support with trend channel resistance at 6,890. Read more