Fundamentals & econ data
Looking to short $XAUUSD if we see a clear rejection from the $2350 resistance level. Geopolitical tensions are easing slightly, and DXY showing some strength. Risk-reward looks decent here.
Looking at $USDBRL for a potential short. Copom's hawkish stance is softening, and the market is pricing in rate cuts starting Q3. Inflation is easing, and the government's fiscal situation, while still a concern, is not deteriorating as rapidly. Expecting a move lower towards the 4.70 handle.
With the FSD news and continued delivery concerns, $TSLA just keeps bleeding. I was hoping $160 would hold, but we blew past that. Is $150 the next support, or are we looking at a deeper capitulation towards $140?