27th in May 2021, Today’s option

EUR / USD: 1.2100 (500 million), 1.2200 (519 million)

GBP / USD: 1.4100-15 (253 million), 1.4200 (297 million)

EUR / CHF: 1.0800 (260 million), 1.1000 (440 million)

EUR / NOK: 9.9550 (700 million)

AUD / USD: 0.7700 (272 million), 0.7745 (401 million), 0.7770-80 (652 million), 0.7800 (359 million)

USD / CAD: 1.2100 (787 million), 1.2125 (977 million), 1.2155 (442 million), 1.2195-1.2205 (1.5 billion)

USD / JPY: 108.90-109.00 (555 million)

The options that are likely to be involved in today’s price movement are as follows.

USD / CAD: 1.2195-1.2205 (1.5 billion)

EURUSD is on a downtrend. Above, there is a big sale at 1.2250, and this is resistance. Below, 1.2100 is assumed to be supported.

USDJPY is rising. Below is a big buy at 108.50, which is still supported. Above, 110.00 is assumed to be resistance.

Currently, the power balance at 15 minutes is

NZD> CAD = USD> GBP> AUD> EUR> CHF = JPY

More Insights

🗞️ Middle East Conflict Stalemate — Markets Lose Direction / U.S. Jobs Report Tonight 🌍 Market Theme “War × Inflation × Uncertainty” Tensions in the Middle East remain high. Both sides — the United States and Israel on one side and Iran on the other — continue to signal their willingness to prolong the conflict, with no clear signs of resolution. The situation has effectively entered a phase of strategic stalemate, where each side is testing the other’s endurance. 🛢 Oil as the Key Barometer To gauge the market impact of the Middle East crisis, crude oil futures have become the most important indicator. Key concerns include: Risks surrounding the Strait of Hormuz Potential disruptions to global oil supply Rising inflationary pressure However: The panic selling in equities has somewhat eased The FX market currently lacks strong directional momentum 💱 FX Market Basic structure Geopolitical crisis → USD buying But at the moment: Position adjustments Headline-driven reactions Interest rate expectations are all interacting. As a result, the market is trading in a nervous range-bound environment, with no decisive catalyst for a sustained USD rally. 🇺🇸 Trump Administration Developments Policies from President Donald Trump are also attracting market attention. Higher oil prices could lead to: Stronger inflation pressure Rising political dissatisfaction ahead of midterm elections According to reports, the administration is considering measures such as: Restrictions on Russian oil exports Intervention in oil futures markets 👉 These steps may indicate efforts to find an exit path from the conflict. Meanwhile, reports suggest that Iran may also be experiencing depletion of missiles and weapon systems. 📊 Tonight’s Major Event 🇺🇸 U.S. Employment Report (Nonfarm Payrolls) Market expectations: Indicator Forecast Previous Nonfarm Payrolls +55K +130K Unemployment Rate 4.3% 4.3% Released simultaneously: U.S. Retail Sales Indicator Forecast Month-over-month -0.3% Ex-auto 0.0% 👉 The key focus will be deviation from expectations. However: The approaching weekend Ongoing war-related headlines may limit the durability of any market reaction. 📊 Other Economic Data Eurozone Final GDP U.S. Business Inventories Canada Ivey PMI Brazil Industrial Production 🎙 Central Bank Events Scheduled speakers include: Mary Daly Jeffrey Schmid Susan Collins Piero Cipollone Isabel Schnabel Additionally, a global central bank conference will discuss: “The U.S. dollar’s role as a safe-haven asset.” 📈 New Market Theme: Rate Hike Expectations The chain reaction: Middle East conflict → Higher oil prices → Rising inflation is bringing back interest rate hike expectations. European short-term rate market ECB rate hike probabilities: Year-end: 80% July: 50% Bank of Japan April hike probability: 50% (according to former BOJ board member Maeda) However, markets may increasingly focus on recession risks rather than rate differentials. 🧭 Summary The current market is dominated by war-related headlines. Key drivers: Oil prices Geopolitical developments U.S. employment data At the same time: Panic selling in equities has eased FX markets have lost clear direction For now, the environment can be summarized as: “Markets move on war headlines and adjust on economic data.” This dynamic is likely to continue in the near term.

🗞️ Middle East Conflict Stalemate — Markets Lose Direction / U.S. Jobs Report Tonight 🌍 Market Theme “War × Inflation × Uncertainty” Tensions in the

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