Limit Up! 29 October 2025

Overnight

Economic Indicators Released Overnight

The only thing of note economically overnight was Bank of Japan Core CPI coming as expected at 2.1% YoY. This is more evidence that CPI is contained and is actually going lower. The hawks at the BoJ and MoF won't think that and Thursday's monetary policy meeting outcome will be interesting.

Equities continued to drive higher, proving all the talking heads wrong yet again. Let's check back at the end of the week to see if the train is still on the rails.

US Equities

Breaking

Private loan credit ratings may be ‘systematically’ inflated, warns BIS [FT]

Japan’s new economy minister says weak yen has benefits to growth [investing.com]

Bitcoin

Price action continues to be poor and although an upward trend may have started, something is going to have to change, to get price to move higher aggressively. Read more

BITCOIN/USD Daily

Commodities

Silver formed a hammer yesterday as price breaks the short-term price trend. The 2 trend support levels at 46.00 look like a good place to buy. Watch the possible shooting star on the monthly chart below, signalling a long consolidation (unless of course 3 days trading negates it. Read more

SILVER/USD Daily

Foreign Exchange

A big move down yesterday, along with USD in general, after 7 up days, was not a big surprise. The double top at 153.25 is now the key level to get price over. Trend support is at 151.40. Read more

USD/YEN Daily

Equities

Another day, another all time high, with the mega caps leading the way. Everything might change tomorrow, but this train is reaching full speed. It’s a dip to buy at 23,300 and then 23,150 on trend support. Read more

NASDAQ COMPOSITE Daily

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