Ian Reynolds
Overnight
UK GDP November 2024
Germany CPI December 2024
US Retail Sales December 2024
US bonds rallied a bit further with retail sales coming in slightly less than expected.
While US bonds are quiet, markets switch to another basket case: China.
Gold and BTC are monetary hedges and they're both breaking up in anticipation of more global money printing. I can't see how the US can print any more (I have been saying that for years though) but China surely will before depression hits.
Just released,
China GDP Q4 2024
Breaking
Chinese overnight rate spikes to 16% as cash tightens ahead of holiday [Reuters]
China Vanke has no plans to extend bonds amid market slump, REDD reports [Reuters]
China Vanke's CEO detained by authorities, state media reports [Reuters]
Exclusive: Chinese buyers interested in unwanted German Volkswagen factories, source says [Reuters]
Foreign Exchange
USD lower and EM currencies looking a bit better. Brazilian Real breaking lower.
USD / REAL Daily
Equities
Mixed but significant that now we have bonds up but equities down.
Bonds
All eyes on UST10. Market is short and Jan 20 within sight. Might get a short squeeze.
US 10 Year Government Bond Yield Daily
Precious Metals
Gold breaks out, silver lagging.
Gold Daily
Silver Daily
Crypto
XRP shoots for the moon amidst many rumours of it being the mainstay of a new financial system.
XRP / USD Daily
Bitcoin headed higher. A break above the shoulder at 102,750 negates the negative bias and further break of 105,650 uptrend should see test of the all time high quickly.
Bitcoin / USD Daily
Trump Plans to Designate Cryptocurrency as a National Priority [Bloomberg]
Commercial Real Estate
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