USDCAD gained another 52 pips last week as investors continue to see the greenback as a safe-haven amid the escalating war in Iran. Is it too late to join the bulls, though, and can they break the 1.40 resistance area? Read in our latest Elliott Wave analysis. To access this article you need to have an active subscription The post Elliott Wave Analysis of USDCAD – April 6th, 2026 appeared first on EWM Interactive.

United States CFTC Gold NC Net Positions down to $163.2K from previous $168.3K

Geopolitics, a blowout jobs report, and a surprise Swiss PMI kept traders guessing all week. Here’s how each major currency held up.

The 21Shares Dogecoin ETF began trading on Nasdaq in late March, marking the first regulated exchange-traded product built around DOGE. The launch follows SEC and CFTC review that concluded with Dogecoin receiving a digital commodity classification. DOGE sits near $0.091, down 76 percent from its $0.46 all-time high and off 27 percent year to date. Active addresses surged 28 percent over 30 days to 73,000 wallets, suggesting the ETF listing is pulling dormant holders back. The broader market remains under pressure after Liberation Day tariffs pushed Bitcoin to $66,500 and Fear and Greed to 9. For those looking beyond a single ETF catalyst Taurox  is a decentralized hedge fund where AI agents will trade pooled capital and return 80% of profits to stakers. Phase 3 of the TAUX token sale is live at $0.015 ahead of the $0.08 exchange listing.DOGE Price Prediction Models Hinge on ETF Inflows and X Money TimelineInstitutional access through the 21Shares product gives portfolio managers a compliant way to hold DOGE exposure without touching spot markets directly. Early inflow data suggests moderate demand, though nowhere near the billions that Bitcoin ETFs attracted in their opening quarter. The DOGE department, a symbolic government unit tied to Elon Musk, is set to shut down on July 4, removing one narrative pillar that has supported the token since late 2024. X Money beta confirmed for April 2026 offers a potential offset, connecting Dogecoin payments to 950 million monthly active users on the X platform. Analyst forecasts for April range from a base of $0.095 to $0.115, with a stretch target of $0.15 conditional on official X Money launch confirmation. The core question in any DOGE price prediction remains whether institutional flows through the ETF can sustain buying pressure once the headline cycle fades and retail attention shifts. Historical data shows that meme coin rallies typically lose momentum within 60 to 90 days of a catalyst event, creating a narrow window for gains.Taurox Proving Ground Sets a Higher Bar Than ETF Narrative Before End of the PresaleWhile Dogecoin relies on ETF inflows and platform integrations for price movement, Taurox  routes capital through a protocol-level proving ground that filters agents before they access pooled funds. Every autonomous agent must demonstrate a Sharpe ratio above 1.5 and keep maximum drawdown below 15 percent using the creator's own capital before qualification. This vetting process filters out high-variance strategies that might generate short-term gains but collapse under sustained market stress. Once approved, agents will execute trades across centralized and decentralized exchanges, and the protocol charges a flat 5 percent performance fee only on net profits. Stakers receive 80% of those profits through a transparent on-chain distribution cycle. The system is designed for consistent returns rather than speculative spikes tied to news events. Before the end of the presale, early buyers lock in TAUX at $0.015, a fraction of the $0.08 listing price. DOGE pric prediction models offer upside scenarios, but they carry no built-in yield mechanism. Taurox  pairs capital appreciation potential with a recurring revenue share that compounds over time.TAUX Phase 3 Math Shows Why $500 Entries Outpace Meme Coin BetsPhase 1 sold out at $0.01. Phase 2 sold out at $0.012. Phase 3 is live now at $0.015, and over $890K has been raised to date. A $500 position at $0.015 buys 33,333 TAUX. At the $0.08 listing that is $2,666. At $1 that is $33,333. The 100x upside from presale to the dollar target layers on top of the staker profit share, creating dual return paths that operate independently of one another. For context, DOGE at $0.091 would need to reach $9.10 for a comparable return, implying a market cap above $1.3 trillion that exceeds all but the top three cryptocurrencies. TAUX carries a fully diluted valuation under $30 million, a fixed 2 billion token supply, and a 30 percent burn mechanism that reduces circulating tokens after every profitable trading cycle. The math favors early entry at this stage of the presale.ConclusionThe 21Shares ETF gives Dogecoin its first regulated on-ramp, yet the token remains 76 percent below its peak with no protocol-level yield or burn mechanism to support sustained price recovery. Without a revenue layer, DOGE rallies depend entirely on headline momentum. Taurox  has raised over $890K across two sold-out phases and is live at $0.015 in Phase 3 with a listing target of $0.08. FAQsHow does the 21Shares ETF affect Dogecoin price?It gives institutions regulated DOGE exposure. Early inflows are moderate but could grow with X Money confirmation.Does Taurox vet Dogecoin-era agents?Yes. Agents must hit Sharpe above 1.5 and drawdown below 15 percent using creator capital.What is TAUX listing price?TAUX lists at $0.08. Phase 3 is live at $0.015 after two sold-out rounds.Learn MoreBuy TAUX: https://taurox.ioWhitepaper: https://docs.taurox.io/Official Telegram: https://t.me/tauroxlabsOfficial X/Twitter: https://x.com/TauroxProtocol

Discover our Weekly Market Outlook, exploring themes and events that forged financial flows throughout the week.Markets conclude a very volatile week, with hopes for peace going back and forth and sentiment losing its headGet ready for next week's action by exploring upcoming events across global Markets.Week in review – A sentiment rollercoaster as Markets price in peak conflict What a rollercoaster week. It began with soaring optimism and ended with a brutal geopolitical reality check, capped off by a blockbuster jobs report dropped into an empty market.The Early-Week Melt-UpAs March closed and April began, risk assets caught a massive bid. Investors rushed to buy the dip amid widespread speculation that the US-Iran war was nearing a diplomatic resolution.Stocks exploded higher, the US Dollar formed a double top (which then failed), and oil prices corrected sharply as the war premium appeared to evaporate.The April Fool’s FakeoutUnfortunately, this optimism turned out to be a cruel April Fool's fakeout. By Thursday, the narrative had violently reversed. A hawkish White House address from President Trump completely derailed hopes for peace, reawakening fears of a prolonged conflict and potential ground operations.Energy markets took the brunt of the panic.WTI Crude exploded by 14% overnight, flashing up to $114 per barrel before settling back above $110.The stock market faced severe intraday chaos, gapping significantly lower at the open as algorithms dumped risk, though frantic short-covering later helped major benchmarks finish relatively unchanged. Precious metals also experienced wild volatility as traders scrambled to re-price the escalating conflict. WTI 4H Chart – April 3, 2026 – Source: TradingView The week concluded with a curveball, and luckily no one is there to trade it.The March Non-Farm Payrolls report, released on Good Friday, showed the labor market roaring back to life.Unemployment dropped to 4.3%, private payrolls surged by an unexpected 186K, and wage growth cooled to +0.2% month-over-month. The report cements the Federal Reserve’s holding stance – Don't expect to see cuts anytime soon.Stock Markets are closed for the holiday and futures stuck in a highly illiquid, abbreviated session leaving Wall Street was left paralyzed.Traders are now forced to sit on their hands over a long weekend, balancing robust domestic economic data against the looming threat of military escalation in the Middle East – Watching the highlights of this weekend's action will be mandatory to understand the action next week.Expect fierce repositioning and wild gaps when the bell finally rings on Monday morning – But real volumes will only return on Tuesday (as the largest players are off for the Easter long-weekend\.Weekly Performance across Asset Classes Weekly Asset Performance – April 3, 2026 – Source: TradingView This week's action was nothing short of chaotic, with up-and-down swings across virtually all asset classes, leaving a sense of range-bound trajectories as long as clarity doesn't return.This could replace the prior large downtrends in Metals and Stocks, contingent on the situation not worsening or suddenly improving.WTI remains the asset to watch to assess the general Market mood – one thing to keep in mind is that there has been some progress this week, but more will be needed for the positive mood to remain. Discover:USD/JPY under pressure as markets price in a BoJ rate hikeNon-Farm Payrolls for March large beat on expectations! Markets closed for Good FridayCrude Oil (WTI & Brent) keeps playing tricks on Markets 32 days into the Iran WarThe Week Ahead – Major Inflation data coming up for the US and EU Traders will have to get ready for an intense week, with not only macroeconomic data which should start to reflect the first impacts of the war, but also a more erratic Market behavior regarding the war, which seems to be reaching its most confusing stage.Asia Pacific Markets – RBNZ Rate Decision Next week's RBNZ Decision meeting will be the main event for APAC Markets, but it could also largely be a non-event, currently priced in at 90% for no change (the other 10% is a small premium for a hike).Communications for upcoming rate hikes will be closely watched, so keep that in mind as it may reshape the path for the NZD.For the rest, a few mid-tier releases for Australia and Japan including PMIs for the former, and trade data for the latter.The Chinese Inflation report could also be a mover for the AUD – with inflation recently bouncing higher, so policymakers will want to see this continue..Europe and UK Markets – German CPI and Eurozone PPI This week was big for UK data but next week will be absent of any catalyst for the GBP.The Euro will however be at the center stage, with the first inflation releases that should contain influences from War with Retail Sales and PPI for the Eurozone on Wednesday, and the German CPI on Friday.Any large beat in inflation could warrant a safety hike from the ECB at the next meeting! (Currently priced at about 60%).North American Markets – A heavy week The US will grab the spotlight again, with high-tier releases spanning across the entire coming week.Monday will welcome the ISM Services PMI, an interesting release as Services have started to cool down from ever-higher levels (cooler data there will be a sign of an economic turn).The Minutes from the Mid-March FOMC meeting will also be released on Wednesday (and they have finally become a bit more interesting; look for communications to see what the Fed is watching for decision-making).Thursday will see the release of Core PCE, expected at 3% once again and hopefully not much higher. If it combines with another huge beat in CPI on Friday (headline expected at 0.9% !!! – Huge impact from rises in Oil prices), hikes could really be back on the table, and that would not be good news for the US Market.Participants will also be looking closely at the Core release to see how Oil inflation spreads to other products.For Canada, Tuesday will see the release of the Ivey PMI data (a mover for the Loonie) and the CA Employment report for Friday (that goes without saying). Keep a close eye on geopolitical developments, particularly those regarding a potential ground invasion, as they will be the final piece of the puzzle for Market sentiment and Oil prices.Next Week's High Tier Economic Events For all market-moving economic releases and events, see the MarketPulse Economic Calendar. (High-tier data only) Safe Trades and enjoy your long weekend! Happy Easter!Follow Elior on Twitter/X for additional Market News, Insights and Interactions @EliorManier Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only.If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use.Visit https://www.marketpulse.com/ to find out more about the beat of the global markets.© 2026 OANDA Business Information & Services Inc.

The July 1 deadline for the USMCA six-year review is approaching and almost nobody in trade circles believes it will be met cleanly. A Scotiabank-hosted event in Mexico City this week with CSIS fellow Diego Marroquín Bitar laid out why, and the takeaway is straightforward: expect a drawn-out, painful process that extends well into 2027, with plenty of uncertainty along the way.That's a bearish scenario for both CAD and MXN and helps to explain why the loonie has traded cautiously despite the big rally in oil prices.The base case — what Marroquín and CSIS co-author Bill Reinsch call a "painful extension" — means Mexico and Canada eventually make enough concessions on energy, steel rules, Chinese investment, and other sore points to get Washington to sign off. But that deal won't come easily, and the fact that serious bilateral talks got started late makes a tidy resolution this year nearly impossible, they believe. What's interesting is how differently Ottawa and Mexico City are playing this. Mexico is leaning in — deepening integration with the U.S., trying to make itself indispensable to American supply chains, cooperating on fentanyl enforcement more than many expected under President Sheinbaum. Canada is hedging, diversifying trade partners to reduce its leverage exposure to Washington. Both strategies carry risk. Mexico's accommodation could still run into domestic political constraints around energy sovereignty and judicial reform. Canada's diversification play is limited by geography — you can only pivot so far when 75% of your exports go south.The China angle is the one that has real bipartisan heat in Washington. Both parties want Chinese investment out of Mexico's strategic sectors — EVs, energy, infrastructure — and they view Mexico as a potential back door for Chinese inputs entering North American supply chains. That makes for a problem but Mexico has signaled alignment here and the U.S. will want it codified in the agreement with teeth.Rules of origin in autos are the other flashpoint to watch. The current 75% regional content threshold could be pushed toward 85%, which manufacturers with Mexican operations say isn't feasible on a short timeline. Tighter rules without transition periods would disrupt the integrated production model that makes North American auto manufacturing competitive in the first place. The irony of protectionist overreach making the continent less competitive is not lost on anyone at the negotiating table, but that doesn't mean it won't happen.There's a wild card worth flagging. The Supreme Court's ruling against IEEPA tariffs has taken away Washington's easiest unilateral tool, which means the USMCA review itself becomes the primary U.S. leverage point. That concentrates the pressure but also raises the stakes — if the administration can't extract concessions through the review process, there's no plan B sitting in the back pocket.The geopolitical backdrop may actually help. The U.S. has limited bandwidth with the Iran situation still unresolved, and opening too many fronts simultaneously carries costs heading into midterms. That could paradoxically push Washington toward getting something done on USMCA rather than letting it languish.Near-term milestones: USMCA preparations should ramp through April. The USTR Section 301 investigation covering both Mexico and Canada has an April 15 deadline for written submissions, with hearings starting April 28. That's when the real contours of U.S. demands will start to crystallize.The advisors in the report believe the USMCA probably survives in some form — the economic integration runs too deep for anyone to walk away. But the version that emerges on the other side could look meaningfully different, with tighter rules, more restrictions, and a power dynamic that tilts further toward Washington. For anyone positioned in Canadian or Mexican equities, the auto sector, or cross-border supply chain plays, this is the slow-moving story that deserves more attention than it's getting.Ultimately, I believe that it will be a big tailwind for MXN and CAD once it's resolved but they raise good points about the negotiations dragging on. This article was written by Adam Button at investinglive.com.

The March Non-Farm Payrolls (NFP) report just dropped into a ghost town but came with a major surprise: +178K vs 60K expectations. This completely erases the prior month's -92K release (which did get revised down to -133K – But even this got overshaded by today's releaseThis led to a drop in the Unemployment rate to 4.3% (from 4.4%) with the unrounded number at 4.256%With major US equity and commodity markets fully closed for Good Friday, only Futures are opened and they are quite stuck, in an abbreviated holiday session (Open until 13:30 ET), Wall Street is left holding a massive data release with almost nowhere to trade it.US Stock Futures and Bonds still sold off as the data pushes back against Cuts even further, as if they were even part of the discussion – The US Dollar is up slightly but its change is measly.As the economy really seems to be picking up again, traders will have to remain careful on the possible pricing for hikes – That will have to be seen again in the next few months, as the data will progressively reflect higher energy costs.(Gas prices have been out of this world to be fair – This will weigh on activity).Stock Futures are selling off Dow Jones 1H Chart. April 3, 2026 – Source: TradingView Some algos lost their minds at the release but this did not last long – Stocks remain below their bearish trendline.Bonds follow suit Bonds 1H Chart. April 3, 2026 – Source: TradingView Happy Holidays and enjoy the long weekend!Things could get very wild at the Monday re-open but could only really pick up on Tuesday, with the heaviest participants only coming back at that time Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only.If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use.Visit https://www.marketpulse.com/ to find out more about the beat of the global markets.© 2026 OANDA Business Information & Services Inc.

Global fintech firm Revolut has been granted an Organisation Authorisation by Peru’s Superintendency of Banking, Insurance and AFP (SBS). The authorisation permits Revolut to formally incorporate as a banking entity in Peru, representing the first stage of a two-step licensing process.  The company must still undergo a supervisory inspection before receiving a Functional Authorisation, which would clear the way for a full operational launch and the rollout of its consumer banking products and services. Peru becomes the latest addition to Revolut’s growing Latin American footprint, joining Brazil, Mexico, Colombia and Argentina as a key pillar in the company’s regional expansion strategy.  The move also advances Revolut’s broader ambition to operate across 100 markets globally. The fintech, which counts more than 70 million customers worldwide, has said it will continue scaling its local team and infrastructure as it prepares for full market entry. Julien Labrot, Chief Executive of Revolut Peru, described the authorisation as a reflection of both the country’s regulatory environment and the dedication of his team.  The company has emphasised its intention to offer Peruvian consumers digital-first financial products designed to improve transparency, affordability and access.The post Revolut Secures Regulatory Milestone in Peru Ahead of Full Banking Launch first appeared on LeapRate | Online Trading Industry News, Broker Intelligence & Fintech Analysis.

Which is the best type of Prop-trading account. In this article I will compare the two types of prop firm trading accounts and which one is the best.

Removal of 20% forex risk rule drives exporters toward options and onshore forwards

The MNQ Trading Strategy Professionals Use (And Why Most Traders Get It Wrong) The MNQ is one of the most misunderstood trading instruments in the retail world. On the surface, it looks simple. It moves fast. Respects levels. Trends cleanly. Reacts violently at the open. But underneath that surface lies something very different. The Micro E-mini Nasdaq Futures (MNQ) is not just a smaller contract. It is a direct reflection of institutional activity flowing through the Nasdaq futures market. It trades on the Chicago Mercantile Exchange, and although it is only one-tenth the size of the NQ contract, it mirrors the exact same orderflow. That means something important. If you don’t understand how liquidity works, MNQ will humble you very quickly. This article is not about indicators. It’s not about magical settings. It’s about understanding what truly moves this market and how to build a professional MNQ trading strategy around that. Why MNQ Is Different From Most Retail Markets Many traders approach MNQ the same way they approach forex or stocks. They look for patterns. Draw trendlines. Wait for breakouts. Then they get trapped. The reason is simple: MNQ is an auction-driven instrument. Every tick is the result of buyers and sellers competing for liquidity. Institutions do not chase candles. They position themselves around liquidity pools. Execute into inefficiencies. Exploit emotional traders who react too late. When you trade MNQ, you are participating in that auction. If you don’t understand where liquidity rests, you are trading blind. The foundation of any serious MNQ trading strategy must begin with one question: Where does price need to go to complete the auction? Not where you think it should go. Where liquidity is resting. The Timing Component Most Traders Ignore One of the biggest mistakes MNQ traders make is trading all day long. The market does not provide equal opportunity throughout the session. The highest probability movements typically occur around the New York open. When cash markets open, algorithms activate. Volume expands. Institutions rebalance positions. Liquidity gets attacked aggressively. This is when MNQ reveals intent. Outside of these windows, the market often becomes rotational and trap-heavy. Breakouts fail. Moves stall. False momentum appears. A professional MNQ trading strategy is not just about where to enter. It is about when to engage. Time precedes expansion. Liquidity: The Real Engine Behind MNQ Movement Retail traders are taught to focus on structure. Institutions focus on liquidity. Equal highs, equal lows, previous day highs, previous day lows, round numbers these are not just “levels.” They are resting pools of stop orders. Stops are liquidity. Liquidity is fuel. When MNQ accelerates into an obvious high or low, it is rarely random. It is often a liquidity sweep. Weak hands get stopped out. Aggressive traders enter late. Then the real move begins. Understanding this dynamic changes everything. Instead of chasing breakouts, you begin anticipating stop runs. Instead of predicting direction, you observe reaction. This shift alone transforms how you trade MNQ. Volume Injection: Separating Noise From Intent Not every move matters. MNQ can move 20–30 points on low participation and then completely reverse. What matters is not the movement itself it is the volume behind it. A professional MNQ trading strategy looks for volume expansion at key liquidity areas. When price sweeps equal lows and volume suddenly expands, something meaningful is happening. When delta spikes aggressively but price fails to continue, absorption may be occurring. This is where retail traders panic. This is where professionals pay attention. Volume injection tells you when participation shifts from passive to aggressive. Without that expansion, most moves lack conviction. In other words: movement without participation is noise. Movement with participation is information. The Role of Delta in MNQ Execution Delta often confuses newer traders because they try to use it as a signal generator. Delta is not an entry system. It is a confirmation tool. When price pushes into a liquidity zone and delta explodes negative, yet price holds structure, that tells you sellers are aggressive but not in control. When price breaks structure and delta supports the move, that tells you aggression aligns with direction. In MNQ trading, alignment matters. If price, liquidity, volume, and delta tell the same story, you have confluence. Confluence creates probability. Probability creates consistency. Risk Management: The Real Difference Between Amateurs and Professionals The irony of trading MNQ is this: The strategy is rarely the problem. Execution is. Many traders understand liquidity sweeps. They understand timing. They even understand volume. But they oversize positions. They move stops. They revenge trade after a loss. Because MNQ moves fast, emotional mistakes compound quickly. A serious MNQ trading strategy must include strict execution rules: You define risk before entry.>You accept the outcome before clicking buy or sell.>You do not add to losing positions.>You do not trade outside your defined time window. The goal is not to win every trade. The goal is to protect capital long enough for your edge to play out. Consistency in MNQ is built through controlled aggression not emotional reaction. Why MNQ Is Ideal for Serious Intraday Traders One of the reasons MNQ has grown so popular is its flexibility. It offers the same movement as the Nasdaq futures contract but with smaller exposure. This allows traders to scale in and out with precision. It allows funded account traders to manage drawdown more efficiently. It reduces psychological pressure compared to trading full-sized contracts. For disciplined traders, MNQ is a powerful instrument. For undisciplined traders, it becomes a fast way to burn capital. The instrument is neutral. Your approach determines the outcome. The Truth About “Simple” MNQ Strategies If you search online for MNQ trading strategy, you will find endless variations of: EMA crossovers RSI divergence Breakout systems VWAP bounces Do these sometimes work? Yes. Are they robust enough to withstand changing volatility regimes and liquidity conditions? Rarely. Markets evolve. Algorithms adapt. Retail systems get crowded. Liquidity mechanics do not change. Auction theory does not change. Human behavior does not change. That is why strategies built around liquidity, timing, and participation tend to remain stable over time. Final Thoughts: Building a Sustainable MNQ Trading Strategy If you want to trade MNQ consistently, shift your mindset. Stop asking: “Where should I enter?” Start asking: “Where is liquidity vulnerable?” Stop asking: “What indicator confirms this?” Start asking: “Is participation expanding or contracting?” The MNQ rewards precision. It rewards patience. It rewards traders who understand that price is the result  not the cause. When you combine: Institutional timing Liquidity mapping Volume injection Delta confirmation Strict execution discipline You move from guessing to reading. From reacting to anticipating. From gambling to operating with structure. And that is the real difference between retail noise and professional execution. FAQ – Trading Platforms for Mac What is the best trading platform? TradingView is the best trading platform for Mac due to its clean interface, browser compatibility, and professional charting features. What is the best futures trading platform? TradingView provides excellent futures charting, while IC Markets offers fast and reliable execution. Can you trade futures? Yes. TradingView, MT5 WebTrader, and cTrader Web allow Mac users to analyze and trade futures-style markets without installation. Which broker is best for traders? IC Markets offers the best combination of execution speed, low spreads, and Mac compatibility. Het bericht The Ultimate MNQ Trading Strategy (2026 Guide for Consistent Intraday Profits) verscheen eerst op theforexscalpers.

Gold price analysis suggests the probability of further downside as the stronger dollar weighs on the precious metal. The new Fed Chair nomination has triggered a wave of deeper retracement in gold after a strong rally. Gold’s structural support remains intact as central banks still buy, while US-Iran tension also maintains a safe-haven demand. Gold... The post Gold Price Analysis: Pullback Accelerates Amid Fed Repricing, Retail Liquidation appeared first on Forex Crunch.

Introduction to Smart Grid Defense EA MT4 The Smart Grid Defense EA MT4 represents a sophisticated approach to automated forex trading, combining intelligent grid strategies with robust defense mechanisms. This expert advisor is designed for traders who seek consistent performance across multiple currency pairs while maintaining strict risk management protocols. Developed with professional traders in

When the markets are anxious “risk off sentiment” money flows tend to move toward the yen, Swiss franc and gold. Equity markets can be seen as an indicator of fear and greed. The U.S. equity markets sold off on Wednesday erasing gains for 2018. On Thursday the markets rebounded and closing higher and recovering Wednesday’s losses. On Friday, the equity markets moved down again sharply as the U.S. session got underway.   As price made a lower high early in the U.S. session, a short was taken in the USDJPY risking 13 pips for a potential 32 pips to our daily target at 111.75. Price moved down to our target and we closed the trade. Price gained further downside momentum and continued lower without us. As the U.S. equity markets began to pare some of their losses intraday, the pair reversed higher. The majors made uniformed moves today and the USD has been weaker once again. I’m curious as to whether the U.S. equity markets can recover to close positively today to end the week. If not, next week may start off ugly with negative sentiment and continued selling. Good luck with your trading and enjoy your weekend!