Thread by @tdarling1

Hello 🐫 day!

Did anyone else notice that the $USD is now 🐻 trend?

If it stays that way, the implications for risk assets are quite ♉️. And that's you're set up for the 🐫

Let's dig into the market 🧮!

Asia closed ↔️ to ↘️

$NIKK 28028 +0.15%
$SSEC 3120 -0.45%
$TWII 14537 -0.05%
$HSI 18256 -0.45%
$KOSPI 2477 -0.1%
$IDX 7104 -0.3%

Australia ↘️
$ASX 7122 -0.25%

India ↔️
$BSE 61811 -0.1%

Europe has been 🔥 but mostly ↘️ this morning

$DAX 14274 -0.75%
$FTSE 7389 +0.25%
$CAC 6633 -0.15%
$AEX 716 -0.05%
$IBEX 8130 -0.7%
$MIB 24625 -0.3%
$SMI 10957 -0.65%
$MOEX 2222 unch

$VSTOXX 21

$DAX range = 13413 - 14612 ♉️
+6.1% over the past 3 months

🇺🇸 futures ↔️ after trading to the top of the range

$ES 3995 +0.05%
$NQ 11870 unch
$RTY 1887 +0.05%

$VIX 24.30 🔻

$SPX range = 3642 - 4076 🐻 < 4228
$IWM range = 179 - 192 🐻 < 194
$VIX range = 21.75 - 26.34 ♉️ > 21

GOLD ↗️ with metals firm

$GOLD 1784 +0.4%
$SILVER 21.945 +1.95%
$COPPER 3.81 -0.25%
$PLAT 1028 +0.55%
$PALL 2099 +0.9%
$ALI 2443 -0.1%
$ZINC 3139 +0.9%

$GVZ 17.72 🔺

$GOLD range = 1683 - 1807 ↔️ to ♉️
$SILVER range = 20.11 - 22.42 ♉️ > 19.07
$COPPER range = 3.56 - 3.94 ♉️

Hydrocarbons ↔️

$WTIC 86.75 -0.15%
$BRENT 94.07 +0.2%
$GASO 2.526 +0.4%
$NATGAS 5.973 -1.0%

$OVX 46.72 🔺

$WTIC range = 82.91 - 92.02 🐻 < 90.40
$NATGAS range = 5.13 - 6.78🐻

Grains mostly ↘️

$WHEAT 813 -1.7%
$CORN 663 -0.45%
$SOYB 1450 -0.45%
$SUGAR 20.34 +0.15% ♉️

$COFFEE ☕️ 161.58 +0.2%

$DBA range = 19.7 - 20.24 ↔️
(T) = 20.10

$USD ↘️🐻

$EUR 1.041 +0.6%
$GBP 1.188 +0.15%
$AUD 0.677 +0.23%
$USD 106.02 -0.26%
$USDJPY 139.58 +0.22%
$USDCHF 0.941 -0.3%
$USDCAD 1.325 -0.23%
$USDCNY 7.085 +0.57%

#FX vol 11.53

$USD range = 104.77 - 110.28 🐻 < 108.10
$GBP range = 1.149 - 1.207 ↔️

#Cryptocurrencies = Ground 0 for the 🐫

$BTC 16723 -1.0%
$ETH 1229 -1.95%

#Bitcoin range = 15100 - 18983 🐻

UST yields ↗️ across the curve
10/2s to -57 bps
10Y3M to -44 bps 🪫

MOVE 128.62 🔺

$TNX range = 3.68 - 4.33 ♉️
$TLT range = 92.13 - 100.96 🐻

Global 10Ys
UST 3.805
GILT 3.311
BUND 2.112
ITA 4.011
JPN 0.241
AUS 3.711
CAN 3.121

With the $USD 🐻, $TNX trading at the low end of the range, and $SPX near the top of the range, today's 🐫 comes from mean reversion, catalyst unknown.

❌ 🌊

👁‍🗨 on the $USD and have a super profitable 💰 day!