🌏 Asia-Pacific Recap (00:00-07:00 GMT)
| Pair | Open | Current | Change | Range |
|---|---|---|---|---|
| USD/JPY | 138.50 | 138.75 | +0.18% | 50 pips |
| AUD/USD | 0.6745 | 0.6720 | -0.37% | 35 pips |
Key drivers: The USD strengthened broadly after President Trump announced an additional 10% tariff on Canadian goods, citing discrepancies in advertising practices related to historical tariff discussions. This has significantly impacted USD/CAD, pushing it from an open of 1.3550 to a peak of 1.3650.
🇬🇧 UK/Europe Session Agenda
| Time | Country | Event | Expected | Previous | Impact |
|---|---|---|---|---|---|
| 09:00 | UK | Manufacturing PMI | 48.0 | 47.5 | HIGH |
💹 Technical Levels
| Pair | Current | Support | Resistance |
|---|---|---|---|
| USD/CAD | 1.3625 | 1.3550 | 1.3650 |
🎯 Trading Focus
- USD/CAD: Entry: 1.3600 | Stop: 1.3540 | Target: 1.3700 | R:R = 1.67
⚠️ Risk Factors
While the immediate market reaction has been to buy USD against CAD, traders should be aware of potential volatility due to upcoming economic releases from the US and Canada. Additionally, any further political developments regarding trade negotiations could abruptly alter market sentiment. There is a moderate to high probability that retaliatory measures from Canada could introduce further fluctuations in the pair.
Trade London session: Open YLDFX account