Limit Up! 24th March 2025

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Overnight

More tariffs on 2nd April so we may have a week without having to hear about them.

And we switch our focus back to Greenland with Vance visiting on 27th.

FED speakers this week suggest the FED doing some messaging.

• FOMC MEMBER BOSTIC (MON. 1:45PM)
• FOMC MEMBER BARR (MON. 3:10PM)
• FOMC MEMBER KUGLER (TUES. 8:40AM) 
• FOMC MEMBER WILLIAMS (TUES. 9:05AM) 
• FOMC MEMBER KASHKARI (WED. 10:00AM) 
• FOMC MEMBER MUSALEM (WED. 1:10PM)
• FOMC MEMBER BARKIN (THURS. 4:30PM)
• FOMC MEMBER BARR (FRI. 12:15PM)
• FOMC MEMBER BOSTIC (FRI. 3:45PM)

Breaking

Trump suggests US could join British Commonwealth if offered by King Charles [Fox News]

Scott Bessent: "We’re not revaluing gold'

Bitcoin

All sorts of stuff flying around this morning

• Now that US isn't going to revalue Gold, they'll buy BTC with it
  
• IMF has endorsed BTC as a digital Gold
• China & Russia buying Bitcoin
• Etc Etc

All long term investors know: focus on the timing, not the price -particularly now as we expect a cycle top in later 2025.

BITCOIN / USD Daily

Commodities

It's a perfect wedge for Brent with an imminent break one way or another.

Spot Brent Monthly

Equities

Monthly ASX at a crucial level. 

ASX Monthly

Bonds

With everyone expecting US 10 year yields to go down, especially Trump and Bessent, is the surprise a move above 4.30? We certainly seem to have found a temporary floor.

US 10 Year Government Bond Yield Daily

Foreign Exchange

A floor in rates would support the USD after the big drop.

DXY Daily

Interesting

Australia Treasurer Warns of ‘Seismic’ US Global Economic Shock [Bloomberg]

Trillion Dollar India Rout Tests Resolve of Loyal Retail Traders [Bloomberg]

Economic Indicators Today