Part 1: Previous Session Review

Yesterday was a quiet but slightly negative session on the desk. We took one trade in SOLUSD, which finished as a small loss: 0 wins, 1 loss, and -1.1 net pips. The result is not meaningful in isolation, but it does remind us that crypto momentum remains uneven and execution discipline matters when liquidity is patchy.

There was no need to force additional exposure after the first loss. The better decision was to keep risk contained, avoid chasing the move, and wait for cleaner structure. From a market-process perspective, that is acceptable: small red days are part of staying available for better conditions.

Part 2: Today’s Outlook & Watchlist

The main focus today is inflation data. Canada releases CPI m/m, Median CPI y/y, and Trimmed CPI y/y at 08:30 UTC. Later, New Zealand CPI q/q is due at 18:45 UTC. These are high-impact releases and can create sharp repricing, especially if the numbers challenge current rate expectations.

USDCAD is the first asset on the watchlist. Canadian CPI can move the pair quickly, particularly around the first 5-15 minutes after release. I will be watching whether price accepts above or below the initial post-news range rather than trying to guess the first spike.

NZDUSD is also in focus ahead of the New Zealand CPI print. The late timing can reduce liquidity, so spreads and slippage deserve extra attention. A clean break and hold after the data is more attractive than trading directly into the release.

Overall, the plan is simple: reduce size around the news window, wait for confirmation, and avoid treating volatility as direction. If the market gives structure, we trade it. If it only gives noise, standing aside is the stronger position.