News Overnight
A lot of noise overnight data-wise but markets are running on FED/Credit/Banking system. Thus, aside from AI news, things took a very flat tone.
The next direction for markets could be the next move for the USD. The DXY has spent 3 months banging along the bottom of a uptrend since 2011. Markets are short USD. Dedollarisation involves buying USD to repay USD bonds before refinancing. The FED’s 2 recent cuts seem to have confirmed the bottom is in. USD/YEN and USD/CAD already left the station.
The next move up could be really painful.
Breaking
China Pays Interest in Gold Now [MSN]
Why the RBA’s rate decision will make inflation only worse [AFR]
Fed’s Cook signals December rate cut is not a foregone conclusion [FT]
A Wave of US Layoffs Flash Early Warning Sign for Job Market [Bloomberg]
Surprise Swiss inflation dip not enough to warrant central bank action, analysts say [Reuters]
For Free Subscribers
DXY Update 4 November 2025
The close over 99.20 looks bullish but with a couple of pivot points before 101.50 to get over, we’re looking for a big spike higher to confirm the trend for the USD much higher.
US 10 Year Yield Update 4 November 2025
Unconfirmed as yet, but yield closes 3 times higher then the downward trend. As we’ve seen in other countries, e.g, UK, central bank rate cuts create a floor for long-term yields. The recent push down to 3.93% without reaching trend support at 3.83% suggests a spike higher is coming.
For Paid Subscribers
USD/CAD Update 4 November 2025
The spike lower around 1.3900 on 29 October looks to have found the floor to push higher from. Above the 1.4075 pivot looks very bullish.
Silver Update 4 November 2025
Bitcoin Update 4 November 2025
Economic Indicators Today
Limit Up! Podcast 3 November 2025
