Part 1: Previous Session Review

Yesterday’s session was productive but still needs to be viewed with discipline. The desk logged 7 trades, reported 4 winners against 1 loser, and finished with a net result of 788.5 pips across EURUSD, GBPNOK, US30, USDSEK, NAS100, and SOLUSD.

The better opportunities came from respecting momentum rather than forcing reversals. Index exposure in US30 and NAS100 remained sensitive to shifts in risk appetite, while FX trades benefited from clean directional follow-through. After a strong day like that, the main risk is overconfidence; today’s approach should be selective, especially with sterling and Canadian inflation data on the calendar.

Part 2: Today’s Outlook & Watchlist

The high-impact focus starts at 02:00 UTC with the UK Claimant Count Change, followed by Canadian CPI m/m at 08:30 UTC. Both releases can create fast repricing, so entries close to the news window should be smaller, cleaner, or avoided unless the spread and liquidity conditions are acceptable.

GBPUSD is the first asset on watch. A stronger labour-market print could support sterling in the short term, but the reaction matters more than the headline. If price spikes and fails to hold above the pre-news range, that would warn against chasing. If the move breaks cleanly and holds on a retest, continuation becomes more credible.

USDCAD is the second key asset. Canadian CPI is usually capable of moving both CAD pairs and short-end rate expectations. A hotter CPI print may pressure USDCAD lower, while a softer reading could invite a rebound. The cleanest setup is likely to come after the first impulse, once liquidity normalises and the market shows whether the initial move is being accepted or faded.

Plan for volatility, not certainty. The priority today is to wait for confirmation, define risk before entry, and avoid giving back gains from yesterday’s strong session in a headline-driven market.