Ian Reynolds
Limit Up! --> Website | Substack | YouTube
Overnight
Economic Indicators Released Overnight
BLS spewed out a load of old data yesterday including September's Nonfarm Payroll, which came in higher than expected although the Unemployment Rate rose to 4.4%.
Nvidia results were great but the market didn't rally too much and by the end of the day all Indexes were significantly lower.
Japanese rates kept rising as the row with China deepened
It's all risk-off
US Equities
Breaking
US tech stocks slide as jolt of volatility hits Wall Street [FT]
Top Fed official warns on risk hedge funds pose to $30tn Treasury market [FT]
US pulls missile system from Japan as Beijing-Tokyo row over Taiwan deepens [South China Morning Post]
Bitcoin
We’re almost getting bullish here but won’t be buying until US stock markets outlook is clarified. Expecting the selling to slow now. Monthly, below, with uptrend support at 82k looks an awesome small entry point. Read more
Foreign Exchange
DXY put in a pretty solid green candle yesterday and has continued higher today. Let’s see if we can confirm back in the uptrend because if we do, there could be fireworks to the upside. Read more
Equities
The spike low at 6,550 on 10 October is the tipping point. We’re right at it now and confirmation below will see price down to 6,200 - a 10% correction from the all time high. Read more
Bonds
In 2 years 10 year Japanese yields have risen from 0.165% to 1.8%. Big move but rate structure is so broken by fiscal policy errors (40 years). Anyway it’s our opportunity. Yields still moving higher along with weakness of the currency. Read more
Japan 10 Year Government Bond Daily
Economic Indicators Today
Latest Podcast 10 November 2025
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