
COMING UP: Data: Australian Inflation (Jun/Q2), Swedish GDP Flash (Q2), ECB Wage Tracker, US Atlanta Fed GDP.
Events: Fed Policy Announcement (Jul), BoC Minutes (Jul) .
Speakers: Fed Chair Warsh, RBA’s Hunter. Supply: Germany.
Earnings: SoFi, Microsoft, Meta, Arm, Qualcomm, L’Oreal, Hermes, Airbus, Porsche AG, BASF, UBS, Rio Tinto, Standard Chartered
Newsquawk US Market Wrap: Stocks mixed amid AI rout as oil plummets on US-Iran optimism
SNAPSHOT: Equities mixed, Treasuries up, Crude down, Dollar down/flat, Gold down

Market Update: Indices
US500: Pause above 7375 keeps the current range intact but only back above 7490-00 would make the bounce anything other than consolidation.
NAS100: The weak link in US equities with the spike low top 27444 having potential to be a low of at least a pause but only confirmed if 28000-200 is regained.

Adam 2:07 any idea what “decisive” would imply numerically ?
for japan’s intermention to “help” their yen from going further into the toilet is likely dependent on bessent’s approval if not outright co-ordinated co-operation.
in 1998 such a co-rdination lasted 10 days
https://www.reuters.com/world/asia-pacific/history-japans-intervention-currency-markets-2026-05-01/
USDJPY recently climbed 📈to fresh 40-year highs near 164 before easing toward 163.50 levels on Tuesday, supported by the wide US- Japan yield gap ana expectations that the Fed may keep policy restrictive for longer, leaving the broader bullish trend intact. Assuming that Japanese authorities don’t intervene at 164, the next key resistance is seen around the 165.00 region

EURUSD 1 HOUR: Power of 50 level strikes again (low 1.1353)
My Favorite Trading Secret: The Power of the “50” Level

US PRE-MARKET MOVERS: CDNS, WELL, JNJ, UHS, UPS, CNC, RCL, PNR, KO, SHW, GLW, CORZ, HON
ES flat NQ -0.8% RTY flat

AUDUSD DAILY: Adios .7000?
On the verge of breaking a 9 day pivot pattern around .7000, which sends a bearish signal but only confirmed by a firm break of .6962, the bottom of the 9-day range.
Catalyst: MARKET ANALYSIS: AUD weaker after RBA’s Bullock fails to convince market of immediate tightening Newsquawk.com

Forex Market Snapshot
A bit oif a disconnect with softer oil prices (and dip in US yields) while the dollar maintains a generally firm tone but so far with limited follow through.
EUREUSD: Back to about unchanged after holding a test of 1.1361 suppoprt
USDJPY: Filled its opening week gap to 163.85
GBPUSD: Focus still on 1.3300 (bearish below) after breaking down through it yesterday (low 1.3284)
AUDUSD: The underperformer and so far breaking a 9-day pivot around .7000 (bearish) but only confirmed by a break of .6962 (tested, holding so far).


COMING UP: Data: Spanish Retail Sales (Jun), US ADP Employment Change Weekly, Goods Trade Balance Advance (Jun), Retail Inventories Ex Autos Advance (Jun), Wholesale Inventories Advance (Jun), Consumer Confidence, Atlanta Fed GDP (Q2). S
Speakers: RBA’s Bullock. Supply: Australia, UK, Italy, Netherlands,
US. Earnings: PayPal, Boeing, UPS, Ford, EssilorLuxottica, Kering, Air Liquide, Eni, Mercedes-Benz, Barclays, GSK, Unilever.
Newsquawk US Market Wrap: Stocks mixed while crude tumbles to pause in US/Iran strikes
SNAPSHOT: Equities mixed, Treasuries up, Crude down, Dollar flat, Gold up

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