Dollar drops over report Donald Trump considering scaling back tariff plans [FT]
Confirmed Trudeau resignation in Canada. Canadian dollar rallies
Immigration, voter fatigue undid Trudeau, not Trump [AFR]
Mark Carney says he is considering running for Liberal leadership after Trudeau resignation [Globe & Mail]
Loonie Gains as Wall Street Weighs In on Trudeau’s Resignation [Bloomberg]
Michael Barr to step down as Federal Reserve’s top Wall Street regulator [FT]
Police to take over efforts to detain impeached South Korean president [ABC]
Nippon Steel and US Steel sue after Joe Biden blocks $15bn deal [FT]
USD slightly weaker versus Aussie, Euro, Yuan and up against Yen. BoJ watching the intervention level.
USD / YEN Daily
All quiet here.
UK 10 year bond yield back to 2008 level.
UK 10 Year Gilt Yield Monthly
The pause in Gold retracement seems have given Silver a good bounce, maybe also the news overnight that tariffs might actually have some logic.
Silver / USD Daily
Any chart of Silver is a total mess and most services don't include the all time high when Bunker Hunt and his brother tried to corner the market.
Bitcoin is the best performing asset with a failed head and shoulders pattern driving price higher. Plenty of resistance through the chop but should lead to a near term 115,000 to 120,000 target
Bitcoin / USD Daily
A host of stories of deep discounts in commercial real estate sales. Here's a good link. Nightingale Associates [X]
Metrics takes control of Melbourne site to rescue $750m development [AFR]
UK and France Govts seem to be battling Trump / Musk. Look what happened to Trudeau.
UK visitors from dozens of countries will have to pay a new entry fee starting this week[CNBC]