Limit Up! 30th January 2025

FED keeps rates unchanged and continues QT while Canada cuts for the sixth time in a row

Comrade Powell;

• GDP 2%+  in 2024
• Housing is stable
• Job market broadly in balance and not a source of inflation
• Inflation elevated but not a cause for concern
• Both mandates (price stability and employment) in balance
• Not in hurry to alter current stance.

Canada Cuts again by 25%, citing significant shock from tariffs possible and as such is dropping forward guidance.

Breaking

Donald Trump lashes out at Federal Reserve after central bank keeps rates steady

Equities

Rate hold was expected but it's tech results season so volatility possible. Microsoft down 6% to kick things off

NASDAQ Daily

Bitcoin

Seems to have broken a minor downtrend but plenty of resistance up to 109,000

BTC / USD Daily

Czech central bank to consider holding bitcoin as reserve asset [Reuters]

Foreign Exchange

The USD waiting for a new direction. A Trump / FED public stoush could make things interesting.

DXY Daily

Commercial Real Estate

Merricks’ flagship credit fund goes negative after Sydney CBD pain [AFR]

Bonds

Fed cuts, yields spike. Fed holds, yield steady. If FED has to hike would yields drop ?

US 10 Year Government Bond Yield

Precious Metals

Much talk in the press around Gold shortages. If the Bank of England is running out you can be sure it's a massive problem.

Remember the French gunship sent to the NY FED in 1971 to retrieve all of France's Gold reserves. Not soon after USD comes off the Gold Standard.

Gold / USD Daily

Interesting