Ian Reynolds
Overnight
Economic Indicators Released Overnight
CPI higher than expected has put stocks and bonds on the back foot but counteracted the current weakness in Gold and Bitcoin price action.
Breaking
Precious Metals
After yesterday's fun and games, today gave us further selling pressure and a hammer if we can hold at this level or above. That would auger well for a resumption of the uptrend .
Gold / USD Daily
Foreign Exchange
USD / CAD back to where we were before tariffs. We'll be back on that topic soon
USD / CAD Daily
Equities
The NASDAQ looks at least to be in consolidation territory. No matter how many doomsayers predict it getting wrecked, it keeps bouncing back. Bears can see head and shoulders in there but currently it's an immature bull flag. Can't help feeling that it's just waiting for more QE to explode higher. Let's wait and see.
NASDAQ Daily
Bonds
10 year yield up to 4.63. Bessent / Trump must be uneasy about the CPI data.
US 10 Year Government Bond Yield Daily
Bitcoin
BTC surprisingly resilient
Bitcoin / USD Daily
Interesting
China’s Property Crisis Enters a Dangerous New Phase [Bloomberg]
China Mulls $6.8 Billion Funding Plan to Help Vanke Repay Debt [Bloomberg]
Turkey Revives US Debt Purchases After Decade-Long Hiatus [Bloomberg]
Economic Indicators Today
