Limit Up! 20 February 2025
Overnight
Economic Releases Overnight
UK inflation ticking up inconveniently when the economy seems to be doing a bit better. And we can't blame energy costs this time.
Markets waiting for a big move and that's sure to come soon. All the headlines are a distraction. And decisions are in the hands of those most incapable of making them. The EU.
The EU is even making Starmer look good.
Breaking
NZ central bank cuts rates 50bps, flags steeper easing cycle to revive frail economy [Reuters]
Australia Unemployment Rate January 2025
Commercial Real Estate
Crisis seems to be moving to bigger and more indebted sites.
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Equities
Single stocks are in play such as Palantir and they're dragging / driving the index.
World Equity Index
Foreign Exchange
USD YEN looking to break short term support and a break of 148.50 should see price quickly down to 140.00 where carry trades may blow up again. YEN yields rising add further support to this possible outcome.
USD / YEN Daily
Bonds
USTs quiet but JGB yields still rising and plenty more to go.
Japan 10 Year Government Bond Yield Daily
Bitcoin
Bitcoin price action better, but still range bound. Should see a test of the ATH if we can get over 100,250.
Bitcoin / USD Daily