Tuesday 19 May — Australian Dollar / Japanese Yen leads the board with a long bias

Big movers overnight

SOLUSD opens -54 points on the composite bias score, now at -28 (yesterday +26). The five-factor engine reweighted overnight on the back of fresh CFTC positioning and live FRED rate data.

AMZN opens -22 points on the composite bias score, now at -18 (yesterday +4). The five-factor engine reweighted overnight on the back of fresh CFTC positioning and live FRED rate data.

V opens -18 points on the composite bias score, now at -11 (yesterday +7). The five-factor engine reweighted overnight on the back of fresh CFTC positioning and live FRED rate data.

DOTUSD opens +17 points on the composite bias score, now at -12 (yesterday -29). The five-factor engine reweighted overnight on the back of fresh CFTC positioning and live FRED rate data.

COPPER opens -17 points on the composite bias score, now at +4 (yesterday +21). The five-factor engine reweighted overnight on the back of fresh CFTC positioning and live FRED rate data.

Key takeaways from the news

• Forget the bubble. Wall Street is treating AI like a defensive trade, Goldman Sachs says. (Business Insider)
• Samsung strike involving 47,000 workers looms as South Korea’s president urges labor deal (CNBC)
• Grayscale, VanEck amend US spot BNB ETF filings, stepping closer to a potential launch (Cointelegraph)
• South Korea market volatility nears record high after $13 billion foreign investor selloff (CNBC)
• Mizuho shares slide 7% after denying decision on reported Rakuten Bank investment shift (CNBC)

Edge Board headline shift

Yesterday's headline setup was US Dollar / Japanese Yen at +40. The Edge Board has rotated this morning — the new top conviction is Australian Dollar / Japanese Yen at +42.

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