Good morning. On October 19, 1987, the Dow Jones plunged 22.6% in a single day, the worst percentage drop in U.S. history. Traders called it Black Monday.
There were no tweets or algos back then, just panic, phones, and paper tickets flying everywhere.
-Shaun A, Jonathan Kibbler, Jordon Mellor
MARKETS
How’s your favorite today?

Prices supplied by Google Finance as of 4:00am ET - stock prices as of close. Here is what the prices mean.



TRADER INSIGHTS
The Hidden Truth About News Volatility
Last Friday’s market action had everything, chaos, headlines, and a whole lot of confusion.
Trump’s 100% tariff threat on China sent traders into panic mode. Stocks and crypto dipped, the dollar spiked, gold went vertical, and within hours, the same moves started fading. It was one of those days where price action didn’t make sense until you zoomed out.
If you’ve been trading long enough, you’ve seen this pattern before. Big news hits, spreads explode, everyone reacts, and then… the market quietly retraces most of it.
Here’s what you need to know.
1. News Moves Are Temporary
News-driven spikes are often short-lived. High-impact releases (CPI, NFP, FOMC) typically trigger sharp moves and wider spreads, but as liquidity normalizes, prices frequently partially retrace within hours and re-anchor to prevailing structure.
Why? Because the first move isn’t always “real.” It’s driven by emotion, algorithms, and thin liquidity. Once the dust settles, institutions rebalance, and the market drifts back to where it started.
So, if you missed the first spike don’t worry. Most of the time, it’s not the real move anyway.

2. Spreads Are Silent Killers
On days like Friday, spreads widen to 5–10 pips on major pairs. That means even if your direction is right, you can still lose money just from poor entry fills.
Spreads represent the cost of entering and exiting a trade. During high-impact events, that cost skyrockets turning “winning” trades into break-evens or losses.
In short: the tighter your timing, the bigger the damage when spreads go wild.
3. The Fade Is the Real Opportunity
The best traders don’t chase spikes they fade them.
Once spreads normalize (usually 1–2 hours after release), price often re-tests those news highs or lows. That’s where patient traders step in. The setups look clean, calm, and logical the opposite of that first candle chaos.
Friday was a perfect example: USD/JPY shot to 151, BTC/USD plunged to 109,800, SPX to 6550, and that’s all after the tariff headline, then after it settled, price re-tested previous candle levels and range.
My Takeaway
News volatility isn’t the market, it’s the noise before the market.
If you can resist the urge to jump in during those first 30 minutes, you’ll see what most traders miss: structure, balance, and opportunity.
The truth is, big moves make headlines, but patience makes profits.
What Every Investor Reads Before the Bell
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TRADER INSIGHTS
Technical Analysis Doesn’t Work
Technical analysis doesn’t work on its own.
Charts tell us how price is moving. But they don’t tell us why it’s moving.
And in today’s complex macro world, the why matters more than ever.
Think about the latest move in the markets on Friday. If you’re familiar with the previous trade war between the US and China then you will understand that this move may not be the first.
If you’re relying on support/resistance zones, candlestick patterns, or Fibonacci levels without understanding the macro context behind a move you’re trading blind.
What Actually Drives the Markets?
Currencies price movements represent countries economies.
And what moves economies? Interest rates. Growth. Inflation. Policy divergence.
For example:
USD strength in 2022?
The Fed hiked rates aggressively while other central banks lagged.JPY weakness for much of 2023?
The Bank of Japan kept rates pinned at 0% while the rest of the world was tightening.

Here is that data on a chart.
The blue line is the USDJPY. The orange line is the US Federal Funds Rate. The green is the BoJ interest rates.
Fed raising interest rates combined with low interest rates in Japan, caused USDJPY to rise.
Every major trend in FX is rooted in fundamental divergence and only then confirmed by technical structure.
The Golden Combo: Fundamentals + Technicals
When used together, this is how they complement each other:
Fundamentals | Technicals |
Identify long-term bias (buy/sell) | Pinpoint ideal entries and exits |
Explain “why” a move is happening | Show “where” and “when” to act |
Help avoid false breakouts/news traps | Add timing precision to macro views |
The traders that survive long-term are the ones who understand that price follows narrative and narrative is built on macro foundations.
WATCH
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CHART BREAKDOWN OF THE DAY (USD/CAD)

USDCAD is trading near 1.4058, holding firm after a steady upside run. Price has cleared 1.3980, now acting as support, with the pair eyeing the 1.4165–1.4170 resistance zone, a level that’s capped past rallies. Momentum stays bullish above the 50-day and 200-day SMAs, helped by strong U.S. data and weaker oil prices. As long as USDCAD holds above 1.3980, buyers remain in control, with a break above 1.4170 opening the door toward 1.4450, while any dip toward 1.3850–1.3770 still fits within the broader uptrend.
DAILY TRADING PSYCHOLOGY NUGGET
“Every trade teaches you something if you’re willing to listen.” Wins show what works, losses reveal what doesn’t, and both shape your edge. The difference between amateurs and pros isn’t luck, it’s who learns faster from the same mistakes.
TODAY’S MOST TRENDING MARKET NEWS (OCTOBER 14, 2025)

credits: cryptotimes.io
Cryptocurrency markets plunged again, erasing over $150 billion in market cap in just 24 hours. Bitcoin dropped ~3.8%, Ethereum fell ~7.5%, and many smaller tokens saw even steeper losses, driven largely by renewed U.S.–China tensions and a wave of liquidations triggered by weak investor sentiment. (source:bloomberg)
GAMES
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I skip the queue and take what’s there,
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Speed I prize, not price exact,
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ANSWER
Answer: Market Order