Ian Reynolds
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Overnight
Economic Indicators Released Overnight
Negative GDP and rising prices is no more evident than in Japan. Today's numbers cement stagflation, whilst in China it's just pure deflation. Those Chinese trade numbers will give Trump a heart attack. Talks in London today will be difficult.
China prices weaken further as economic pressures mount [FT]
The "riots" in LA grabbed all of the attention, and yet despite all the bold statements, where is the action?
The Tump / Musk conflict seems to be deepening despite some attempts to tone it down with some media even having live reporting on it.
Trump-Musk feud live updates: White House plays down ‘fistfight’ claim after ‘big-time drug addict’ slur emerges [Independent]
Breaking
Trump deploys National Guard as Los Angeles protests against immigration agents continue [Reuters]
NY Fed flags $1.06 trillion unrealized loss on bond holdings in 2024 [Reuters]
Bitcoin
One rejection so far of the top of 108k to 111k as double / treble top commentary will pervade. Normally 3 attempts could be made before a strong pullback. 
BITCOIN / USD Daily
Commodities
Gold revisits the scene of the crime but we're still at monthly / weekly highs.
GOLD / USD Daily
Bonds
Despite 2 rate cuts now, and more being talked about in RBA minutes, 10 year rates seem to be rising.
Australia 10 Year Government Bond Yield Daily
Foreign Exchange
USD through the DXY still in a multi month downtrend and with longer term support coming in at 95.00/96.00
DXY Daily
Equities
Retail investors keep floating NASDAQ and S&P higher with very low volumes. Market needs to break the all time high to continue the trend.
NASDAQ Daily
Economic Indicators Today
