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Economic Indicators Released Overnight
The PBoC still refuses to cut rates but Govt is stimulating virtually everything else in the economy, presumably trying to anchor the currency.
Job losses in Australia seem to confirm that the recent rate cut was a good decision.
German PPI less than expected adds to evidence for continuing rate cuts.
Economic Indicators Released Overnight
Trump seems to have, at the very least, galvanised the real estate market. We'll find out what that means for price in due course.
Bank of England holds rates
No press conference but here's Bloomberg News
Swiss National Bank cuts rate 25bp.
Swiss National Bank flags economic uncertainty after latest rate cut [Reuters]
Lot of news, lots of uncertainty. Markets gave back their gains after Powell's testimony yesterday, especially with Trump interfering again. So we're back to risk off.
Trump Says Fed Should Cut Rates as Tariff Push Heats Up [Bloomberg]
European military powers work on 5-10 year plan to replace US in Nato [FT]
BTC gives back most of it's gains.
BITCOIN / USD Daily
Gold exactly tagged the uptrend line then moved lower.
GOLD / USD Daily
Turkey hikes rates 200bps in an attempt to support the Lira. Recently the country had been cutting rates after trying to stamp out inflation. The monetary authority hiked the overnight lending rate by two percentage points to 46%.
USD / TRY Daily
Stocks can't move higher.
World Equities
Bonds tried to rally but gave back all the gains.
US 10 Year Government Bond Yield Daily