Limit Up! 19 September 2025

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Overnight

Economic Indicators Released Overnight

Bank of England Holds Rates at 4%

A disastrous employment report for Australia although the Unemployment Rate didn’t go up.

US minor statistics didn’t support a rate cut which will add to investor unease.

Bank of Japan monetary policy statement will drive markets, where uncertainty prevails. And markets don’t like that. Also Canadian Retail Sales will show just how bad things can get.

Breaking

China leaves policy rate unchanged after Fed rate reduction [Reuters]

Bitcoin

I’ve added price target from the inverse head and shoulders now, so that we can see the target. Solid gains yesterday as markets digested FED cut. Positive for BTC as FED still way behind the curve and there’s more speculation of political interference.

Price-wise lots of chop to chew through but we’re close to the second highest close ever at 120.3k.

Price showed clear push off from the neckline so we wouldn’t want to see it close below 114.6k.

BITCOIN/USD Daily

Gold

Very choppy markets. FED losing credibility is super positive for Gold. Here’s the opportunity to add a smaller position for the move to $4,000.

Really liking adherence to the middle of the channel. We did confirm above the shooting star from 9 September so we may be in an aggressive bull flag. Need a couple of days more price action to confirm.

GOLD/USD Daily

USD/DXY

Price may be below the 15 year uptrend but has not clearly broken the trend. That 98.50 confluence of 2 trend lines may drive the next big market move.

FED dragging it’s heels, GDP seemingly above 3% and can the jobs report get any worse? Price can’t close below 96.00 so move higher has already started.

Above 99.80 and new price structure will be in place and back in the long-term trend.

DXY Daily

US Treasuries

Short-term price structure suggests a move back to 4.25% which would be a big blow for Trump, Bessent and the American tax payer. Clear rejection at 4% as those downside wicks suggest.

US 10 Year Government Bond Yield Daily

NASDAQ

NASDAQ is key to understanding markets now, even if some assets haven’t made the adjustment.

We’re reverted to pre-rate cut euphoria so:

• Money supply globally still rising

• Fiscal situation dire

• Central bank credibility being questioned

• Government statistics credibility being questioned

• Bond investors increasing buying corporate rather than government bonds

Safety, different for different types of investor is Gold, Silver, tech stocks, any stocks, Bitcoin and cash, although the debasement narrative is finally getting through.

This train…you know the rest

NASDAQ COMPOSITE DAILY