Limit Up! 5th September 2025
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Overnight
Economic Indicators Released Overnight
ADP led the charge overnight, coming in lower than expected. Initial Jobless Claims ticked up and according to Goldman Sachs, a downward revision of up to -950,000 jobs is coming. Nonfarm Payroll is going to be a humdinger tonight.
Equities pushed higher as Gold, Silver and Bitcoin consolidated
US Equities
Breaking
Fed’s Williams sees reduced upside inflation risk from tariffs [Investing.com]
Goldman Says Gold Near $5,000 Possible If Fed Standing Damaged [Bloomberg]
Reeves denies Britain is heading for IMF bailout [Telegraph]
Bitcoin
Bear flag formation on Bitcoin beginning to build. Looking for s sharp break lower in due course following by a spike to new all time high > 140k in Q4.
Commodities
While we're all looking at Gold and Silver, one of the best economic indicators fell out of bed. Brent, with a clear break of the bear flag, now targeting 62.70 and then 59.10. Below that is clear until the high thirties. The poor economic data will get us there but geopolitics could hold it up again.
Foreign Exchange
Clear trade here no matter if you want to long it or short it. The more it hangs just under resistance, the more likely it is to break higher. A loss of 0.6425 paves the way to 0.6140 or lower.
Bonds
Clarity for UST10 finally. Sentiment flips again as rate cut frenzy takes hold, aided and abetted by FOMC members and economic data.
US 10 Year Government Bond Yield Daily
Equities
Textbook bounce for the NASDAQ as 2 support levels combine to anchor the new trend.
Interesting
Turkey Wealth Fund’s Bond Deal Draws $10 Billion in Orders [Bloomberg]
Economic Indicators Today