Loads of trading opportunities right now on the crosses. UK and CAD retail sales data today.

Hi there, traders. This is Brad Gilbert with today's Trading Action. All right. Now, there's lots of things going on. Trump with this midterm election stuff, right? We have not heard boo from a ghost, right? So this is really good because the market conditions have changed. They're starting to flow a bit. Even though the US numbers are a bit up and down, we are starting to see a lot of activity across the signals. But just keep an eye on the trading conditions, right? They are going from good to bad, et cetera, so forth. Now, a lot of questions I get from traders at the moment is, hey, Brad, what about trading the crosses on poor trading conditions? Absolutely it can, right? The setup and structure for the trading conditions is based on global markets, which is the indices markets, the treasuries, and the US dollar, right? So if we get poor trading conditions, it may be a pretense to, or precursor, I should say, to get onto the crosses and maybe stick with those because we are getting quite a few signals and guys are starting to cash in on those, right? So just keep an eye on what's going on. Now, looking at the markets, okay, the news, okay, there's a bit of Japanese news. Really, it's a non-event. And I know the yen is kicking around all over the place, but see how it went before all this happened too. There's like a lot of inside trading there. I'd say it's more out of the US than out of Japan. But just looking across here, there's not a lot going on, which is good because that means we are starting to see a bit more of a natural flow, right? No one's really talking about the yields, okay? There's a bit of a risk-off profile, right? Equity indices, now they're not going far. They haven't gone far. So don't expect the currencies to move a long way as well. Kiwi's the sort of outlier there. you've got sterling euro sterling aussie going down the kiwi going up and the dollar going up against just about everything else all right so that's where we are at the moment if you look at the charts so i just had a session there with um Jay's tuning his charts up but the uh let me just show you because what we've seen it's like one of these little pockets of activity where the market's got excited right it's good to see the dollar come back right but it's sort of loop running out of steam euro is the one pair that is like almost dead set neutral it is just drifting sideways sterling's had a bit of a crack topside now it's starting to drift sideways i'm not i'm not surprised coming into Friday right you've got aussie crack topside now it's not going back down but it's just drifting sideways kiwi the exact same thing when you see it go sideways through like a support line it's not like it's breaking down you can tell this thing is like it's run its course for right now and that's it right something that is going to continue which sort of is a bit hard to sort of trade at the moment dollar cad is just going down now oil went from 108 to 100 or 98 the other day right from here to here and we didn't see dollar cad come back It just drifted sideways. So dollar CAD, and there's something going on here. It's like a big unwind, right? So dollar CAD is trending amazingly well. Dollar Swiss, I still think this is one of the keys. You keep an eye on the Swiss. When it starts to move, everything sort of kicks off, right? At the moment, it's sort of doing the same as sort of the euro a bit, broke down, then drifting sideways. The beast over here, I'll tell you what, if you're looking to get a punch in the face. Have a crack at this thing. It is crazy, right? The dollar index sort of just drifting as the euro is. That's where sort of the main action is. Now, I just wanted to sort of show you, right? A lot of you guys may not have access to the Forex Trend Guide, but it is actually really isolating the best trades, right? The best instruments right now. Euro sterling is off the charts, the best instrument to be trading at the moment, the best trending. Then you've got Euro Yen, selling Euro Yen, Euro CAD. They're all here. It's in the matrix itself. So I did a video on it the other day. You might want to get your hands on it because this is actually really isolating the signals. So not only are we getting signals now that tell us what's going on, I've actually set up the matrix score to give us a bit of an edge around what's going on, right? To me, anything above 50 is a fair game, right? We're getting Euro sterling continually giving us above 80 signals, right? It's going down. They've been very good. I'd even say above 40 is pretty good, but we're building some stats around that. Right now, coming into Friday, there's not a lot to be done. You don't need to be a hero and try and hit it out of the park. We've got UK retail sales figures. You get a bunch of PMI numbers out of the Eurozone. They rarely do anything, right? And they've got some S&P numbers out of the UK. Definitely worth having a bit of a bow peep of those, depending on what the retail sales does. And then you've got CAD retail sales figures there as well. That pretty much wraps up the week, right? Because once you get into the North American session. We do have the University of Michigan consumer sentiment numbers and inflation expectations. These are not bad, but they're at the very end of the day, right? Very hard to be sort of trading those when most of the market's already switched off, okay? So play it by ear to me, I'd be looking at the CAD numbers, okay? See what's going on there. Stronger CAD numbers goes with that downtrend in dollar CAD, right? You've got to sort of pick this up, right? And so that's where we are with the overall sort of emphasis of today uh interest rate tracker not a huge amount um coming in there like a hike at 64 that's going to be a misprint right the um i can't see that just at the moment everyone's going a little bit sort of nuts uh with the central banks um and i think that pretty much is a bit of a wrap all right so just keep an eye on the trading conditions especially if you're trading the majors there is a little bit of discombobulation there but um other than that, things look sort of active, right? It's like walking into a smorgasbord at a restaurant. You've got everything to choose from. And so keep an eye on the signals for that. And you can actually try and piece it together and make odds and ends of it. All right, guys, that's it for me. Have a good Friday and a good weekend. Cheerio.