Limit Up! 23rd April 2025

Suberia Capital

Latest Podcast | Daily LinkedIn | Weekly LinkedIn | Check out the website

Overnight

Economic Indicators Released Overnight

A big relief as Trump appears to back down, again, on China and Powell. New SEC secretary making new positive comments on BTC and  Crypto in general has underpinned the Bitcoin rally already in place.

A short term benefit for oversold markets, but we need clear evidence that the uncertainty is lifting before we can get a sustained rally.

The real underpinning of a rally would be the FED cutting rates. They so need to do this but Trump has backed Powell into a corner and Powell's not going to give in.

US equities ended with what, a month ago, we would call a huge pop, but are now calling a mild short-covering rally.

US Equities

Breaking

China urges Japan to help fight US tariffs together, Kyodo reports [Reuters] 

Trump said ’doing fine’ with China, has no plans to fire Powell [investing.com]

Commodities

Insane price action as Gold tags 3,500 and then falls out of bed.

GOLD / USD Daily

Bitcoin

BTC has delinked from tech stocks. It's becoming an alternative to Gold ie.non-sovereign. Lots of resistance to chew through but the background is now super positive.

BITCOIN / USD Daily

Equities

NASDAQ just trading headlines. Looks like India may be the first trade deal but need to wait for confirmation otherwise uncertainty driving markets. 

NASDAQ Daily

Bonds

EU yields continue to fall even as USD 10 Year now stuck around the 4.40% danger yield.

Germany 10 Year Government Bond Yield Daily

Foreign Exchange

DXY having hit our target on the downside, we've zoomed back out. The monthly uptrend is still intact and only a break of 96.31 would negate. Will better news from US, i.e. certainty of outcome, make a cautious long position a good idea?

DXY Monthly

Interesting

Layoffs coming at Mack, Volvo truck plants in Pennsylvania, Maryland [ABC27 News]