Limit Up! 14th May 2025

Written by Ian Reynolds | May 13, 2025 11:27:17 PM

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Overnight

Economic Indicators Released Overnight

CPI came in lower than expected, housing being the driver, and boosted equities. US 10 year yields continue to flash red but so far no follow through. Otherwise a relatively quiet day.

US Equities

Breaking

China attacks UK trade deal with US [FT]

Costco has been placing new limits on gold purchases in recent months as the metal's popularity surges [Business Insider]

US Treasury Shocks With Second Biggest Budget Surplus In History [Zerohedge]

House GOP unveils plan to raise debt limit by $4 trillion [The Hill]

Commodities

A move back to the scene of the crime at $69 and change. OPEC countries will be loving this.

SPOT BRENT Daily

Bitcoin

BTC recovered well but 105k is proving to be immediate resistance.

BITCOIN / USD Daily

Equities

Bang, and there she goes again. You don't need any fancy indicators to tell you that the NASDAQ is overbought.

NASDAQ Daily

Bonds

Achtung! Tagged 4.5% yesterday despite CPI. Watch this space...

US 10 Year Government Bond Yield Daily

Foreign Exchange

Our old friend Cable returns to the scene of the crime.

GBP / USD Daily

Interesting

Alberta government freezes industrial carbon price, citing impact of U.S. tariffs [CBC]

Economic Indicators Today

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