Monday 18 May — US Dollar / Japanese Yen leads the board with a long bias

Big movers overnight

LINKUSD opens -34 points on the composite bias score, now at -22 (yesterday +12). The five-factor engine reweighted overnight on the back of fresh CFTC positioning and live FRED rate data.

SOLUSD opens +29 points on the composite bias score, now at +26 (yesterday -3). The five-factor engine reweighted overnight on the back of fresh CFTC positioning and live FRED rate data.

AMZN opens +29 points on the composite bias score, now at +4 (yesterday -25). The five-factor engine reweighted overnight on the back of fresh CFTC positioning and live FRED rate data.

META opens +25 points on the composite bias score, now at +12 (yesterday -13). The five-factor engine reweighted overnight on the back of fresh CFTC positioning and live FRED rate data.

GOOGL opens -24 points on the composite bias score, now at -17 (yesterday +7). The five-factor engine reweighted overnight on the back of fresh CFTC positioning and live FRED rate data.

Key takeaways from the news

• 5 money moves that made this 32-year-old dad a millionaire in just 9 years (MarketWatch)
• The bond market is flashing a warning over Iran. A veteran of energy geopolitics explains the risk (CNBC)
• For better or worse, investors are living through Trump’s stock market. Here's why (CNBC)
• Kevin Warsh comes into the Fed facing a big 'family fight' over cutting interest rates (CNBC)
• ‘I experienced many years of poverty’: I worked until 70. Why do wealthy retirees look down on those with less savings? (MarketWatch)

Edge Board headline shift

Yesterday's headline setup was Australian Dollar / Japanese Yen at +39. The Edge Board has rotated this morning — the new top conviction is US Dollar / Japanese Yen at +40.

The full ranked list — all 80+ assets across forex, indices, commodities, crypto and futures — is live on the Edge Board.