Limit Up! 3rd March 2025
Ian Reynolds
Investing and Trading | Capital Markets | Macroeconomics| Bitcoin & Decentralised Finance | Helping to Find the Money Flow | Commentator | Speaker
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Podcasts coming this week
Overnight
Chinese PMIs better than expected and with a big economic summit at the weekend, look out for more stimulus announcements especially as the Hang Seng had a big reversal on Friday.
Breaking
Very importantly for markets, the US Treasury has injected USD 170BN into the banking system in the last week by drawing down the TGA.?
Bitcoin
Trumps's strategic cryptocurrency fund announcement has BTC back well over 91,000 and other coins much higher. It's tempting to fade the rally but market will probably rally further into Friday's summit.??
Precious Metals
Gold is up a little bit this morning and Silver returns to the wedge after 2 breakout failures. When it does go it's going to be epic.?
Bonds
Canada 10 year yields drop back below 3% for the first time in 2 years, as economic slowdown is inevitable with tariffs.
Foreign Exchange
The Indian Govt / Central Bank has spent a lot of USD trying to defend the Rupee but it keeps coming back at them.
Equities
Index futures following the better outlook this week as we try and put the Trump / Zelensky train-wreck behind us.
Interesting
Economic Indicators Today