Canada's July inflation ran hot at 3.0%, but gasoline did the damage while core stayed near 2%, leaving the Bank of Canada firmly on hold and the Canadian dollar only mildly firmer. In this educational case study, we look over an analyst's shoulder at two Loonie pairs, CAD/JPY and CAD/CHF, in the hours after the print. We walk beginners through the full thought process: reading past a noisy headline, identifying the real market driver (oil and geopolitics), mapping four simple trade ideas onto marked-up charts, and scoring each with a plain measure called expected value. The pattern that emerges is worth keeping: ideas that align with both the trend and the fundamentals score best. Importantly, these four ideas are teaching examples only, not monitored watchlist setups, and we won't update or review them. The goal is building habits, not placing a trade.