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Economic Indicators Released Overnight
Surprise revision higher of Japanese GDP
China trade waning
Rebound in German Industrial Production finally
US Equities
French government collapses as PM François Bayrou loses confidence vote [FT]
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.
Amazing day yet again for Gold as we break the middle of the uptrend channel. These candles could get bigger.
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.
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
A record high for the NASDAQ but price can't make a decision.