Part 1: Previous Session Recap — Capital Stayed on the Sidelines

Yesterday’s session, 9 August 2026, was deliberately quiet from our side. No trades were executed, and capital preservation mode remained active. That was the correct posture for a market offering limited confirmation and no clear reason to force exposure.

When the calendar is light and price action does not provide clean structure, the job is not to manufacture trades. The priority is to protect capital, avoid low-quality entries, and wait for better alignment between volatility, liquidity, and direction.

Part 2: Today’s Outlook & Watchlist — No Red News, Price Action First

There is no high-impact red news scheduled today, so we are not building the session around a major data release. That does not mean risk is absent; it simply means volatility may be more dependent on positioning, technical levels, and liquidity pockets than on a single scheduled catalyst.

EUR/USD is worth monitoring for range behaviour and false breaks around short-term support and resistance. Without a major macro trigger, we want confirmation before chasing either side. The DAX is also on the watchlist, particularly around the European cash open, where liquidity can still create sharp moves even on a quiet calendar.

The practical approach is patience: smaller size if conditions are thin, no impulsive entries, and a clear preference for trades that show structure first. If the market stays flat, standing aside remains a valid trading decision.