Limit Up! 9th September 2025
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Overnight
Economic Indicators Released Overnight
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Surprise revision higher of Japanese GDP
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China trade waning
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Rebound in German Industrial Production finally
US Equities
Breaking
French government collapses as PM François Bayrou loses confidence vote [FT]
Bitcoin
Despite some bullish price action we’re still hanging in the bear flag. For the moment price will break with tech stocks but I do think that BTC is beginning to move with Gold. I may well eat my words next week when the FED cuts.
Commodities
Amazing day yet again for Gold as we break the middle of the uptrend channel. These candles could get bigger.
Foreign Exchange
Looks like a second recent stab at 15 year support. Price just can’t catch any sort of bid. Only Powell can save the dollar by sacrificing the economy.
Bonds
What’s the opposite of “this train never stops”? 25bps drop in last 4 trading days as narrative turns on a dime. BLS debacle means we have no real gauge of the economy. Lucky the FED is on hand.
US 10 Year Government Bond Yield Daily
Equities
A record high for the NASDAQ but price can't make a decision.
Economic Indicators Today