Ian Reynolds
Overnight
Overnight Indicators
US Equity Markets
Markets rebounded overnight as NVIDIA rallied hard. No actual news just servers full of expert opinion.
Higher Japanese inflation and poor US durable goods were the only indicators of note.
USD / YEN seems to have regained the uptrend.
All eyes on FED / BoC / ECB monetary policy statements today
USD / YEN Monthly
Breaking
Scott Bessent pushes gradual 2.5% universal US tariffs plan [FT]
Trump says new tariffs on computer chips, semiconductors are coming soon [Washington Post]
U.S. Ally Offered Greenland Troops to Ward Off Trump [Yahoo News]
Equities
Good price action of NVIDIA but support becomes resistance and it'll have to chew it's way through a lot of it
NVIDIA / USD
Bitcoin
BTC has done well over the last couple of days but look at the clear air down to 70k.
BTC / USD
Foreign Exchange
The DXY has rallied a bit. The Deepseek drop negated the hammer from last week so expect some range trading until we get more black swans / central bank shocks.
DXY Daily
Bonds
Bonds approaching support. Expect a big move when the Quarterly Treasury Refinancing hits which is due on the first Wednesday of February.
US 10 Year Government Bond Yield
Precious Metals
Gold preparing to test the all time high
Gold / USD Daily
Interesting
UK Weighs Making Netflix Users Pay License Fee to Fund BBC [Bloomberg]
Boeing reports $11.8 bln loss, largest since 2020 [Reuters]
Economic Indicators Today
