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Economic Indicators Released Overnight
US GDP Price Index jumped whilst jobless claims were 20k more than expected, jolting equity markets that had been buoyed by positive NVIDIA announcements. The sea of red pushed down Gold and Bitcoin, adding to the unease.
Tariffs on China Risk Hurting US Economy More Than Data Suggest [Bloomberg]
US Attorney General hopes to release Epstein-related flight logs, names on Thursday [Reuters]
Fed’s Logan: Discount-window loan auction facility may encourage banks’ readiness [investing.com]
Trump:
Even Gold lost a lot of ground but has tagged the middle of the uptrend channel so may find some support there.
GOLD / USD Daily
10 year JGBs retraced to the scene of the crime and have bounced, as inflation data is digested by the markets.
Japan 10 Year Government Bond Yield Daily
Confirming yesterday's comment, the Aussie has broken out of the bear flag and looking to head lower.
AUD / USD Daily
A bounce in BTC didn't last long as poor economic data and general sentiment drove equity markets lower.
BITCOIN / USD Daily
The NVIDIA positive results didn't last long as US equity markets ended in a sea of red.
World Equity Markets