Friday 14 August — Silver leads the board with a short bias

Big movers overnight

IRDM opens -41 points on the composite bias score, now at -20 (yesterday +21). The five-factor engine reweighted overnight on the back of fresh CFTC positioning and live FRED rate data.

BA opens +35 points on the composite bias score, now at +30 (yesterday -5). The five-factor engine reweighted overnight on the back of fresh CFTC positioning and live FRED rate data.

JPM opens +31 points on the composite bias score, now at +20 (yesterday -11). The five-factor engine reweighted overnight on the back of fresh CFTC positioning and live FRED rate data.

ARM opens +31 points on the composite bias score, now at +12 (yesterday -19). The five-factor engine reweighted overnight on the back of fresh CFTC positioning and live FRED rate data.

FTSE100 opens +30 points on the composite bias score, now at -2 (yesterday -32). The five-factor engine reweighted overnight on the back of fresh CFTC positioning and live FRED rate data.

Key takeaways from the news

• RBI turns upbeat as worst of Iran war shock recedes (Bloomberg)
• Goldman says Japan's $1 trillion of reserves leaves 'plenty of capacity' for further yen interventions (CNBC)
• Stock market today: Live updates (CNBC)
• Hawaii crypto ATM ban to take effect on Oct. 1 (Cointelegraph)
• How to trade gold prices as Fed rate hike and inflation odds shifts (CNBC)

Edge Board headline shift

Yesterday's headline setup was US Dollar / Canadian Dollar at +38. The Edge Board has rotated this morning — the new top conviction is Silver at -34.

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