Daily LinkedIn | Weekly LinkedIn | Bitcoin for Business | Latest Limit Up! Podcast Now Live
With only yet more very short bill issuance to deal with and CPI later today, markets were bearish, particularly Gold and Silver.
Bitcoin had a blast higher running stops but ended poorly.
US Equities
RBI Said to Have Sold at Least $5 Billion to Boost Rupee [Bloomberg]
Definitely looking like a bearish close on BTC with a double shooting star top. Looking to go back to $112k for support.
Gold and Silver did eventually pull back after tariffs were ruled out. Wedge has to break soon.
Trump says gold imports will not face US tariffs [FT]
Cable looking to roll over as bear flag but that's a steep slope. USD needs to put in a higher low to confirm.
NASDAQ hanging above post COVID channel. Definite loss of momentum. Yet again hopes of US interest rate cuts buoying markets.
Re-imaging the post COVID structure of US 10 year yields. It's a battle between soft yield curve control by Treasury and market having to digest so much issuance. Result: going nowhere at the moment.
US 10 Year Government Bond Yield Daily