Ian Reynolds
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Overnight
Australia Unemployment Rate May 2025
Australia stuck in first gear as the economy dies of inertia from those in power. Although the unemployment rate didn't tick up it's a bad miss with the Employment Change.
Japan Nation CPI May 2025
A shocker from Japan as National Core CPI came in much higher than expected. Despite this yields dropped slightly and the YEN didn't budge.
There's so much going on but nothing happening, is the mantra currently, but economically economies are weakening, CPI is bottoming and debt exploding.
Bank of England warns of weakening jobs market as it holds rates [FT]
Swiss central bank cuts interest rates to zero [FT]
Norway central bank cuts rates in surprise move, eyes further reduction [Reuters]
US equities positively unmoved by all the headlines.
Breaking
Exclusive: European ministers to hold nuclear talks with Iran on Friday in Geneva, source says [Reuters]
Bitcoin
BTC testing minor support.
Commodities
Silver and Gold lower as risk comes off. Is that right? And oil elevated waiting for US/Israel/Iran.
Bonds
Treasuries too are absolutely dead with a wedge forming.
US 10 Year Government Bond Yield Daily
Foreign Exchange
Aussie testing the lower support bound but bouncing so far.
Interesting
16 Billion Apple, Facebook, Google And Other Passwords Leaked — Act Now [Forbes]
Economic Indicators Today
