Limit Up! 12th September 2025

Ian Reynolds September 11, 2025

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Overnight

overnight

Economic Indicators Released Overnight

Initial Jobless Claims kept markets up despite CPI and ECB hold. Everything's converging on Powell needing to cut 50bps.

Anything less will disappoint.

US Equities

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Breaking

Mexico Plans 50% Tariff on Chinese Cars Before US, Canada Talks [Bloomberg]

China’s $4.5 Trillion Flows Mark Tipping Point in Market Opening [Bloomberg]

Fresh no-confidence votes stalk EU's Ursula von der Leyen [EuroNews]

US DoJ probes fraud allegations at subprime car lender Tricolor [FT]

Firms will hesitate to invest in US after raid - S Korea president [BBC]

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Bitcoin

Neckline is broken to the upside. Needs to confirm of course. 117.5k and above breaks the current market structure and looks to bring into play the inverse head and shoulders formation targeting 150k.

BITCOIN/USD Daily

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Gold

A pause was definitely needed after such an epic run. A move back to 3,500 is where we need to go to get the energy for the next big move, up to 4,000. Both look a long way away but I’m sure Comrade Powell has something up his sleeve.

GOLD/USD Daily

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Foreign Exchange

DXY can’t sustain any sort of rally, and the grim reaper beckons. 15 year uptrend could get broken on Wednesday. Or not.

DXY Daily

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Bonds

More downside in yield but wick suggests that’s all for now. A rapid 30bps move down on top of FED easing suggests 50bps cut now baked into the price.

US 10 Year Government Bond Yield Daily