Saturday 16 May — Australian Dollar / Japanese Yen leads the board with a long bias

Big movers overnight

SOLUSD opens +62 points on the composite bias score, now at +5 (yesterday -57). The five-factor engine reweighted overnight on the back of fresh CFTC positioning and live FRED rate data.

XRPUSD opens +52 points on the composite bias score, now at +18 (yesterday -34). The five-factor engine reweighted overnight on the back of fresh CFTC positioning and live FRED rate data.

GOOGL opens -34 points on the composite bias score, now at -18 (yesterday +16). The five-factor engine reweighted overnight on the back of fresh CFTC positioning and live FRED rate data.

AVAXUSD opens +31 points on the composite bias score, now at +16 (yesterday -15). The five-factor engine reweighted overnight on the back of fresh CFTC positioning and live FRED rate data.

NVDA opens +28 points on the composite bias score, now at +9 (yesterday -19). The five-factor engine reweighted overnight on the back of fresh CFTC positioning and live FRED rate data.

Key takeaways from the news

• Xi’s threat to Trump cements Taiwan as top US-China risk (Bloomberg)
• Stock market today: Live updates (CNBC)
• SpaceX IPO prospectus could land as soon as next week, sources say (CNBC)
• Fed Governor Stephen Miran to resign after Kevin Warsh is sworn in (Fortune)
• Ex-Celsius exec sentenced to time served after guilty plea (Cointelegraph)

Edge Board headline shift

Yesterday's headline setup was Solana at -57. The Edge Board has rotated this morning — the new top conviction is Australian Dollar / Japanese Yen at +41.

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