Key Points
Ibovespa closed Friday at 176,210, down 0.81%, breaking below the daily Ichimoku cloud and entering Monday with momentum negative and the 200-day at 164,263 as the structural floor.
Asia voted risk-on with conviction overnight — the Nikkei added another 3.10% to 65,304 on top of Friday’s 2.68%, producing a two-session 5.86% surge that Brazil has no easy mechanism to import.
USD/BRL sits at 5.0398, marginally weaker than Friday’s close and pinned at daily cloud resistance, with 4.9859 the line that opens the next leg lower for the Real.
Three major venues are dark today — NYSE and Nasdaq for Memorial Day, the LSE for the Spring Bank Holiday, the HKEX for Buddha’s Birthday — leaving the LatAm session without its usual Wall Street handoff.
