The market’s Pavlovian dip buying response may be punished this time.
Beta, Delta, Nu… Market was max long USDJPY and short EURUSD at the worst possible time.
EURUSD is oversold on a narrative that might not hold. Take profit on shorts.
Turkey is collapsing. Eat less turkey. Gold makes more sense now. EURUSD should have gone down but hasn’t.
AUDCHF lower makes sense as Aussie Terms of Trade turns, SNB changes policy and risky assets look vulnerable.
Powell vs. Brainard, market outcomes survey. Plus the blockchain video gaming user experience needs a lot of work.
I think the RBNZ will hike 50bps and AUDNZD will go to 1.0200.
Australian wage tonight is important. Don’t be alarmed by falling Michigan Survey data. Market is not max long tech.
There has been a flurry of USDCNH options buying in anticipation of the Xi/Biden summit but I doubt much will transpire there.
For the first time since the release of Space Invaders on Atari 2600, inflation is a higher US government priority than jobs or growth.
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