With the daily candle printed, here is the session scorecard. Gold (XAU/USD) finished the strongest of our board, surged to 4,432 (+1.57%), while USD/ZAR brought up the rear, closing at 16.17 (-0.10%).

Closing board

  • EUR/USD 1.1573 (+0.33%)
  • GBP/USD 1.3536 (+0.34%)
  • USD/JPY 159.31 (-0.08%)
  • AUD/USD 0.7087 (+0.33%)
  • USD/ZAR 16.17 (-0.10%)
  • Gold (XAU/USD) 4,432 (+1.57%)

What drove the session

  • US Treasury yields rise as Oil strength offsets weak Retail Sales *(FXStreet)*
  • investingLive Americas FX news wrap 14 Aug: Stocks finish mixed as yields rise and the dollar falls *(ForexLive)*
  • Mexican Peso refreshes multi-month highs, Banxico minutes eyed *(FXStreet)*
  • Chinese Yuan: Steady appreciation backed by PBoC stance – Societe Generale *(FXStreet)*
  • Trump: Pretty soon will be declaring Strait of Hormuz territory of the US *(ForexLive)*

Tomorrow's watchlist

  • No high-impact releases scheduled.

Discipline check: Measure drawdown from the peak

A 10% gain followed by a 10% loss leaves you down 1% — and down 10% from the high-water mark. Firms measure from the peak; so should you. Try the drawdown calculator.

If today's swings tested your limits, measure them properly: the drawdown calculator shows what a losing streak really costs.

*This briefing is generated from live market data and public news feeds for information only. It is not investment advice. Trading forex and CFDs carries a high risk of loss — read our risk disclosure.*