Ian Reynolds
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Overnight
Economic Indicators Released Overnight
UK GDP lower and disinflation in Germany set a sombre turn for markets, and with the AI trade and particularly Oracle debt hanging over the market, equities bore the brunt. Gold and Silver pushed higher but were squashed by London and COMEX at the close.
It's going to quiet this week but the Bank of Japan on Friday could change all that.
US Equities
Breaking
Bank of Japan set for first rate hike in 11 months [Nikkei Asia]
China’s Last ‘Too-Big-to-Fail’ Housing Giant Loses State Support [Bloomberg]
Commodities
Gold’s bubbling up again but can’t help feel that it still needs a few more months of consolidation before the inevitable move higher. Getting through 4,400 could push price to 5,000 and that we be a huge psychological level. Read more
GOLD/USD Weekly
Foreign Exchange
On the weekly, the bull flag is established but not mature yet. We can pause for a few weeks before the fun and games start. Upside targets are 158.90 and 162.00. We could get through 154.30 on a big spike down in the USD with 152.80 the inflection point, just above where our stop is. Read more
Equities
On the weekly, the massive rally since we pushed off the triple bottom at 30,375 doesn’t seem to be stopping, and it’s not overbought. Read more
NIKKEI 225 Weekly
Bonds
Yield hits the top of the trend channel on the weekly for the first time since March. We haven’t quite hit 2% so expect a bit more strength going into the meeting on Friday. Read more
Japan 10 Year Government Bond Yield Weekly
Economic Indicators This Week
Latest Podcast 8 December 2025
