// COMPARE

AUD/USD rallied to 0.7166 (+0.47%), the best G10 performer as oil-stress easing lifted commodity currencies and the dollar's geopolitical bid faded.

Aussie trades as a risk-on / China-proxy basket — with S&P 500 at fresh records and Hormuz tail risk fading, the pair gets a clean tailwind. RBA hawkish hold last week still underpins.

China PMI data over the weekend is the next test. Resistance 0.7200 (psychological); support 0.7120. A risk-off reversal on fresh Iran headlines could quickly reprice the entire move.

Nasdaq 100 jumped to 30,223.9 (+0.84%), outperforming as AI-leveraged names led on the ceasefire bid plus fresh Anthropic $1T valuation chatter. Micron Q1 earnings still echoing.

The AI capex narrative is still doing the heavy lifting — Anthropic IPO and Samsung HBM4E shipping headlines reinforce the spend cycle. Peter Schiff's bubble warning is the only counter, and it hasn't bit yet.

30,500 is the next round-number magnet. PCE Friday plus any Nvidia commentary into the next earnings window. Loss of 29,800 would be the first real warning shot.