Ian Reynolds
Overnight
Indicators Released Overnight
Bank of England halves growth forecast and cuts rates to 4.5% [FT]
Very interesting at 0.43 where the reporter asks about Gold deliveries. By the way, the Bank of England is the second largest store of Gold in the world.
Breaking
ECB Is About to Drop a Big Clue on How Far It Will Cut Rates [Bloomberg]
Kuroda Says BOJ to Stay on Rate Hike Path as Deflation Has Ended [Bloomberg]
BOE’s Liquidity Drain Is Lifting Key SONIA Rate Again [Bloomberg]
Scott Bessent was on the wires in a number of places yesterday, and amongst many things, the key driver of fiscal policy going forward will be growth without inflation and driving the yield on the 10 year treasury bond down.
Foreign Exchange
Cable weathered the rate cut and growth update pretty well.
GBP / USD Daily
Equities
Apple stock may have a long way to fall if tech goes into a correction / bear market. Following Google's results yesterday and the continuing spend on AI by them and Amazon, the market needs a new driver to continue higher.
Apple INC Monthly
Bitcoin
Trying to break out
Bitcoin / USD Daily
Czech president signs law exempting capital gains taxes on crypto held for three years [The Block]
Bonds
Back from Chinese New Year, the market looks to push yields even lower
China 10 Year Government Bond Yield Daily
Precious Metals
Gold coming off a bit this morning allows us to take a look at Silver from a monthly perspective. Looks good above 28.80
Silver / USD Monthly
Interesting
Israel to stop engagement with UN human rights council, alleging bias [Reuters]
Economic Indicators Today
