On deck this week is RBA tomorrow with Payrolls Friday.
Gold/Bonds toped last week with confirmation in GoldinEuros failing early @ it’s 200 DMA, which matched up with the 1896 level in Gold.
Yields will keep the metals complex weak and the Dollar bid.
Yen crosses are mixed.
USDJPY is bid over its 200 Qtr mvg average with all eyes on the Tonkin report tonight.
There is a big political game being played out in the energy market as Biden tries to strike a grand bargain with the Saudi’s and Israel on nuclear energy and security.
I personally find it hard to believe the Saudi’s would live up to any agreement, but I fully expect energy prices to remain high as this is their main tool for leverage.
Spoo will take under 4310 today to star to rollover.
I fully expect to see the target in the 30 Yr. into 109-108 achieved.
This is where to line up the Indices and the rates for a big bounce.