Market Pulse 2
The US dollar recouped yesterday’s losses as the greenback remains supported amid the US-Iran stalemate, the persistently elevated oil prices, the resilient US data and the potential for Fed rate hikes. These forces are now weighing on the markets more broadly after Treasury yields broke above March highs on Friday.

FX option expiries for 19 May 10am New York cut
EUR/USD at the 1.1650 level. The expiries don’t tie to any technical significance but are quite chunky, so they might have some impact on price action in the session ahead.
The dollar is keeping firmer today as the risk mood is leaning back towards being more cautious. So, that remains the bigger driver of price action. But all else being equal, we could see the expiries at 1.1650 keep a lid on price movement in European trading.

ST 7:32 / 2-3 days = tactical pause. no deal = strategic stalemate
both are fuel themes to degenerate trading – i.e thirst for outsized returns – using tactics of speed, hype, and social momentum leaving traditional fundamental analysis on side.
Chose your pony to trade wisely and
remember that risk management belongs to you
because in this business nobody cares if you go “poof” – no social safety net
Forex Market Snapshot
The forex, along with other global markets, remains in a wait-and-see mode to see if the no peace, no war stalemate will be broken one way or the other.
This has seen the dollar firm with AUD and NZD umderperformance siggesting risk off but so far not confirmed by US equities. in what is setting up as another headline driven day.

Nvidia Corp Stocks – NVDA
NVIDIA Corp NVDA is expected to show a rise in quarterly revenue when it reports results on May 20 for the period ending April 30 2026.
Expected to post earnings of $1.76 a share
The current average analyst rating on the shares is “Buy” and the breakdown of recommendations is 57 “strong buy” or “buy,” 3 “hold” and 1 “sell” or “strong sell.

Newsquawk US Market Wrap: Markets chop to geopolitics while Trump holds off on immediate Iran attack
SNAPSHOT: Equities mixed, Treasuries steepen, Crude choppy, Dollar down, Gold up

(Right click on any image (or chart) to open a full screen in a new tab)
XAUUSD vs BTCUSD
XAUUSD: Bounce from sub-4500 gives hopes to the bull side and confirms this aS the pivotal level but only a break of 4584 and the trendline would shift the focus from it.
BTCUSD: Remains hostrage to the risk on/off mood so keep an eye on whether it continues to correlate. If the range is 76-80K, then 78 is pivotal. If range is 75-80K, 77500 is pivotal in setting its trading tone.
XAUUSD BTCUSD

© 2024 Global View
