Ian Reynolds
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Overnight
Markets are quiet and slightly negative for Gold and Bitcoin whilst stock markets are slightly higher.
Canada's election today is forecast to have Mark Carney return as PM with a 27 seat majority. Opposition to Trump is a headline theme for voters, but the economy and housing is also a central theme. Ditto Australia this weekend
Breaking
Demand slump fuelled by Trump tariffs hits US ports and air freight [FT]
Commodities
Gold breaks my over-optimistic channel for the second time. Long term support at 3,050.
GOLD / USD Daily
Bitcoin
A very quiet weekend for BTC tells us retail doesn't have much interest but institutions are supporting the price.
BITCOIN / USD Daily
Bonds
US 10 year bond yields pulled back to support again. Could be ready to break lower.
US 10 Year Government Bond Yield Daily
Foreign Exchange
Fascinating AUD set up. Rejection of head at 0.6410 or bull flag? DXY at bottom on 10 year channel would suggest AUD / USD lower immediately.
AUD / USD Daily
DXY Daily
Interesting
Trade war hits foreign companies in China with double tariffs [FT]
Swiss franc surge sparks bets on return to negative interest rates [FT]
Wall Street Quietly Hints At Major Ideological Shift Toward Bitcoin [Forbes]
Saudi Arabia and Qatar to repay Syria’s debts to World Bank [FT]
Economic Indicators Today
