Daily brief, 2026-08-16.
This edition is kept as published — it does not update. The live brief is at /r/brief.
The opening line that morning
Equities pushed higher to close out the week, while the dollar softened and risk appetite remained mixed—crypto lagged behind other asset classes. The trading book leans bearish on the Canadian dollar against both the US dollar and the euro, with an additional pending sell order on the yen. The next point of attention is a cycle window for gold miners, which opens today and runs through late August. No prior trigger levels have been breached, underscoring that patience remains a position in this environment.
This edition ran with the short opener only — the longer read is written against the day's own numbers and is dropped whenever a single figure in it fails to match the published pack. We keep what was actually published, not a reconstruction.
Levels published that day — and what became of them
superseded — we re-drew the level before price reached it
superseded — we re-drew the level before price reached it
superseded — we re-drew the level before price reached it
superseded — we re-drew the level before price reached it
superseded — we re-drew the level before price reached it
superseded — we re-drew the level before price reached it
superseded — we re-drew the level before price reached it
superseded — we re-drew the level before price reached it
Graded against the journal, net of modelled costs, stop-first on ambiguous bars.