Limit Up!

Limit Up! 8th April 2025

Written by Ian Reynolds | Apr 7, 2025 11:24:15 PM

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Overnight

US Equities

Finally a break in the selling but possibly we're in the eye of the hurricane with more to come. Rumours of China selling US Treasuries pushed the 10 year yield all the way back to before Liberation Day, that's 25bps.

Stocks, oil and currencies took a breather with Gold and bonds the losers

Breaking

The European Union wants to abandon the American credit cards Visa and Mastercard, PayPal and Alipay – President of the European Central Bank, Lagarde [Business Today]

It's a new world. The Chinese Embassy reminding America about Republican policy with tariffs.

 CHINESE EMBASSY

Equities

A bit of a bounce from the NASDAQ but that's a long way down.

NASDAQ Daily

Bitcoin

Doji close not enough for the possibility of a break above the downtrend, now at 87k

BITCOIN / USD Daily

Commodities

Gold surprises to the downside.

GOLD / USD Daily

Bonds

That's a huge move and one that we all need to follow. The chart of truth.

US 10 Year Government Bond Yields

Foreign Exchange

A poor close for the Aussie doesn't bode well

AUD / USD Daily

Interesting

Australia not immune to tariffs; watch for RBA rate cuts, says Treasurer Chalmers [investing.com]

Economic Indicators Today