A bit of a kooky start to the week. JPY, CAD & USD Bank Holiday today! I'll be taking the day off!

Hi there, traders. This is Brad Gilbert with today's Trading Action. All right. Now, just a quick update on the market because there's a bit of strange activity going on and you just need to know what is actually happening, right? If you have a look across the board, a lot of brokerage firms are just turning their pricing on. And you can see here the dollar block, euro, sterling, Aussie, Kiwi, all sort of gapping lower, like a bit of dollar strength as is dollar CAD can't really see much on um uh the beast dollar yen and dollar swiss at the moment but what is actually happening well there's a range of events here now if you look at the front page you come back well actually there's two things the front page and the central bank page there has been attacks on the Saudi Riyadh airport major damage uh amongst other things you've got uh Trump coming out over the weekend saying the energy they're going to have an energy ceasefire with Russia right totally against what has been happening over the last couple of years with Ukraine so they're getting oil there's like there's there's so many geopolitical events here uh it's a little bit crazy and to me it's pretty obvious what's going on right Trump's got these midterm elections he is in all sorts on the polls the U.S. consumer sentiment numbers near record low as frustration over economy mounts. That is the real news. All these other things are distractions, which I've got to say have got to be created by Trump to really get the ball rolling. The only news from last Friday was Canada's employment numbers unexpectedly shrinks in September. Jobless rate inches up, right? So not major news there. And then so when you're looking at the currencies and you're looking at what you can be trading, believe me over the weekend give the markets a wide berth especially with so many crazy things going on and i'm like maybe i'm over exaggerating the craziness of it but there's a lot of weird things going on around the world just over the weekend so just give it a break now the other thing is too it's a bank holiday in Japan uh US and Canada, right? That means the markets are basically treat them as though they're not open. There'll be very little liquidity and it's a hell of a time to be sort of creating these events when the markets are basically shut. So that's where it is. There's going to be confusion in the markets until at least Tuesday. So do not get yourself all excited unless you're looking for a... Understand if you are trading, then you might well take a decent clip to your account, it could disable your trading, right? And that's one thing you don't need to do, right? Let's just wait over the course of the next day. Just let it see how things line up. We want to see how the US equity futures are lining up, see what's going on with those US treasury yields, and then see what the impact here is on the major currency pairs. Because at the moment, it looks like they're all going down, right? And we know that can't happen. So this complete discombobulation, take an extra long weekend. We don't usually trade Mondays anyway, right? It's the worst day of the week to be trading. And if you think you've got the edge over the market on Mondays, think again, right? Because it's definitely not the way to be looking at it. This week, there's a whole bunch of different things, but it's coming to the high impacting numbers. I'll cover this tomorrow in the weekly strategy session. But we do have the US consumer confidence, I mean, consumer confidence, US CPI numbers, right? This is the main number for the month, right? It always is, especially in this current environment. So we've got CPI numbers there out of China. Like the US CPI numbers are the big number, right? That's what we're waiting for. So there's no need to sort of chase the market, say, Sunday, if you're in North America or in Europe. Monday, the Asian market is only just opening up. It doesn't look good. Wait for the data. Wait for the markets to settle down. And then you can kick everything into gear, right? Keep an eye on the live signals and understand we have very poor trading conditions at the moment, all right? That's your Monday update. I'm not really going to talk you into getting into certain trades because the conditions don't match it. And as I was just sort of going through all the news, I'm trying to work out what's what here, right? It's like everything sort of kicked off again. And as I said, in my opinion, I should say, these weak US consumer sentiment numbers, you're going to see Trump making a huge range of irrational decisions along the lines of what he's done in the past. All right, guys, have a good one. All the best. Cheerio.