Ian Reynolds
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Overnight
All eyes on US and how markets cope with the Moody's downgrade.
Stock futures are off a bit, Gold and BTC are rallying. USD slightly lower and US yields slightly higher.
So, thus far, a muted reaction.
EU CPI and Chinese retail sales, industrial production may be more interesting as they're April's numbers.
US Equity Futures
Breaking
Treasure secretary calls Moody's a 'lagging indicator' after U.S. credit downgrade [NBC]
Bonds
Despite the treasury buybacks & FED buying auctions, we've put in the inverse heads and shoulders, target around 5.25% but confirmation above break of neckline needed.
US 10 Year Government Bond Yield Daily
Commodities
Beginning to look like a retest of the scene of the crime for Gold.
GOLD / USD Daily
Bitcoin
Bitcoin above 105k but lack lustre. For those expecting a test of the all time high over the weekend, the price action was decidedly dull.
BITCOIN / USD Daily
Foreign Exchange
USD, through the DXY, not doing much either here. Channel suggests a bear flag with a test of support at 96.00 if the channel breaks.
DXY Daily
Equities
On the basis that "the market can stay irrational, longer than you can stay solvent", there must be a lot of shorts out there about to fold.
NASDAQ Daily
Economic Indicators Today
