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Economic Indicators Released Overnight
ADP surprised markets coming in negative, but with NFP pushed back now, they chose to ignore it. Like markets are ignoring large company bankruptcies.
The move to non-sovereign assets is gaining momentum as Bitcoin follows Gold and Silver higher.
Equities too.
US Equities
Supreme Court blocks Trump from immediately firing Fed’s Lisa Cook [FT]
US government remains shut as senators fail to agree funding plan [FT]
Trump Plans to Use Shutdown to Fire Federal Workers This Week [Bloomberg]
Electric price action from Bitcoin as price breaks through the resistance band. But we still need to close and confirm above and then create a higher high. Read more
We’d expect some consolidation here to give price the energy to spike to the top of the trend channel at 3,900 to 4,000. And the price does seem weary. Read more
A very messy chart but price going lower with the DXY, which is now at support. Read more
The close above 6,700 keeps the momentum going, even as NASDAQ looks more opaque. Read more
US pledges to defend Qatar against ‘any attack’ [FT]