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☕️ GM Munchers! This is Pip Munch, your trading sidekick who helps you understand what’s happening in the trading world in under 5 minutes with a dose of humour.

On today’s menu:

• Dollar’s Crash, Gold’s Frenzy & The Yen’s Revenge 🇯🇵🇺🇲 

• Walmart’s Meltdown 📉 

• Credit Card Debt Hits Record $1.2T 🤯

• A Trading Psychology Tip: Pay The Tax of Life ✅ 

• Palantir’s Stock Loses $40 Billion 😬

MARKET OVERVIEW

Dollar’s Crash, Gold’s Frenzy, and The Yen’s Revenge 💴

The US Dollar Index (DXY) just face-planted to two-month lows near 106.40. 

Why?

US yields are dropping faster than I drop my phone during a trade gone south, and traders are betting the Fed’s easing up on rates soon.

Meanwhile, gold’s throwing a party, hitting an all-time peak of $2,950 per ounce. 

It’s like gold’s yelling, “I’m the safe-haven king!”—driven by:

1. Tariff fears 😨

2. Russia-Ukraine peace talks stalling 🇷🇺🇺🇦 

3. A weak dollar 🇺🇲 

But hold up—the yen’s not sitting this out.

USD/JPY’s nosedived to 149.40, the lowest since December, thanks to Japan’s strong inflation (4% and climbing) and the Bank of Japan hinting at tighter policy.

As for stocks, they’re looking wobbly.

While the S&P500 only dropped 0.43% yesterday, the Dow Jones was looking uglier than my hands after eating a Costco pizza.

So, Should You Trade It? 🤔

There are a couple of ways our new intern is approaching this.

First off, if Japan’s inflation continues to heat up and rise, the Bank of Japan will be forced to continue hiking rates.

Remember, higher rates make a currency more attractive to investors, strengthening the currency and in this case, reinforcing the Yen as a global safe haven.

This means if we see bad times, we’re going to be buying the Yen.

For the dollar’s slide, volatility’s spiking faster than I spike my coffee intake, so keep your stops tight.

And if you’re hungry for Gold, while it’s still hot, don’t chase the high. We’re waiting for a pullback to $2,900 or watch for Fed data to confirm the rally’s legs.

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STOCKS

Walmart’s Meltdown 📉 

Walmart’s latest earnings forecast is bleaker than my trading account after a bad streak—tariff uncertainty from Trump’s policies hit them hard.

They warned of slower growth and lower margins, thanks to higher import costs and shaky consumer spending.

Shares tanked, and the ripple effects got traders sweating.

It’s like Walmart’s saying, “Sorry, folks, the shopping cart’s stuck in the mud,” and the market’s not loving it.

Now, you might not trade Walmart’s stock (or any stock, for that matter)—maybe you’re all-in on forex or futures like me, praying my stops don’t get hit while my wife’s yelling about those grocery bills.

But here’s the deal: earnings reports like this are a leading indicator of economic health.

Walmart’s struggles signal consumer spending’s wobbling, which could mean inflation’s creeping back—or worse, a slowdown that freaks out the Fed.

If the Fed sees this, they might pump the brakes on rate cuts, keeping yields higher and shaking up your USD/JPY or gold trades.

Or, they could double down on easing, sending gold soaring past $3,000 and the dollar diving deeper than I dive into a losing trade.

Either way, keep an eye on the upcoming:

• 1️⃣ US PMIs  

• 2️⃣ Existing Home Sales  

• 3️⃣ Michigan Consumer Sentiment  

They’ll tell you if Walmart’s meltdown is just a blip or a bigger storm brewing.

PS: Today’s format was slightly different (I know I know, talk about overachievers). Could you please take 7 seconds to let us know how we did? We’re always trying to improve and bring you the best possible newsletter.

🚀 Pre-Market Fuel

1. Credit card debt hits a record high of $1.21 trillion. No, that’s not a typo. And no, this isn’t sustainable. It’s also a good indicator of consumer health, which the Fed watches closely.

2. Pay the tax of life. Our intern stumbled across this yesterday and it’s too good not to share. Definitely something to consider as we go into the weekend.

3. Palantir’s stock continues to drop. They’ve lost $40 billion in market cap this week alone.

🍪 Munchy Memes

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