Ian Reynolds
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Overnight
Holidays in China, Japan, UK, Australia etc will keep markets quiet. We're nearly there with the first tariff agreement, probably with Japan, but that's fully priced in now.
Breaking
Japan objects to US trade proposal leaving tariffs on autos, steel [Nikkei Asia]
Trump says he won't remove Fed chair Powell, says good parts of economy are his doing [Reuters]
The Trump tweet suggesting sanctions on purchasers of Iranian oil gave us the opportunity to short the market and, aided and abetted by OPEC, price hit just above 59.00 earlier, and is on it's way a lot lower.
SPOT BRENT Daily
Bitcoin
A bit softer over the weekend, looking to establish a bull flag. Recent tweets from the US administration suggest that crypto is becoming more in focus so expect some fireworks (could be bad news as well).
BITCOIN / USD Daily
Bonds
US 10 year treasury yields spiked on Friday despite a good Nonfarm Payroll report, with no inflationary pressures from average hours earnings, reinforcing the benign PCE report earlier in the week. This is a big worry, as FED this week won't cut even if they think they should, and a 10 and 30 auction later on in the week.
US 10 Year Government Bond Yield Daily
Economic Indicators Today
