Limit Up! 12th May 2025
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Breaking
A US-China trade "deal has been done".
US, China to issue joint statement on trade talks on May 12.
Futures are higher of course but let's see the statement.
US Equity Futures
Commodities
Gold trying to break lower as trade fears subside. Remember why everyone's buying Gold though.
GOLD / USD Daily
Bitcoin
Evert institution is talking about BTC. Apparently in the trade talks, the Chinese delegation tried to talk about the US Strategic Bitcoin Reserve but Scotty B wasn't having any of it. Now over $100k we expecting retail to come in, maybe switching out of tech stocks, and when that happens the 4 year cycle will click in for a blow-off top in the next six months.
BITCOIN / USD Daily
Foreign Exchange
DXY bouncing off support since 2011. Thus far it hasn't been too convincing, and even with the trade news, there's been no real upward thrust.
DXY Daily