The overnight session has set the table — here is what traders are waking up to. Gold (XAU/USD) surged to 4,093 (+1.45%), while AUD/USD edged lower at 0.6957 (-0.25%).

Market snapshot

  • EUR/USD 1.1452 (+0.57%)
  • GBP/USD 1.3343 (+0.42%)
  • USD/JPY 163.57 (-0.18%)
  • AUD/USD 0.6957 (-0.25%)
  • USD/ZAR 16.68 (-0.13%)
  • Gold (XAU/USD) 4,093 (+1.45%)

What's moving markets

  • USD/JPY Price Forecast: Rising 20-day EMA backs bullish bias *(FXStreet)*
  • What are the main events for today? *(ForexLive)*
  • Forex Today: US Dollar stabilizes after post-Fed volatility, eyes on BoE and US GDP data *(FXStreet)*
  • Euro: Fed split supports EUR against US Dollar – Commerzbank *(FXStreet)*
  • Euro eases from four-week highs against the British Pound ahead of BoE’s decision  *(FXStreet)*

On today's calendar

  • Thu 06:29 UTC — EUR German Prelim CPI m/m — forecast 0.7%, previous -0.3%
  • Thu 08:00 UTC — EUR German Prelim GDP q/q — forecast 0.1%, previous 0.3%
  • Thu 11:00 UTC — GBP BOE Monetary Policy Report (high impact)
  • Thu 11:00 UTC — GBP Monetary Policy Summary (high impact)
  • Thu 11:00 UTC — GBP MPC Official Bank Rate Votes (high impact) — forecast 2-0-7, previous 2-0-7
  • Thu 11:00 UTC — GBP Official Bank Rate (high impact) — forecast 3.75%, previous 3.75%
  • Thu 11:30 UTC — GBP BOE Gov Bailey Speaks (high impact)
  • Thu 12:30 UTC — USD Advance GDP q/q (high impact) — forecast 2.1%, previous 2.0%

Tip of the day: Demo the news, trade the calm

If you have never watched your pair through an NFP release on demo, do that before an EA or a live position ever meets one.

Planning trades around today's events? The prop firm calculator shows how much risk per trade your daily limit actually allows.

*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.*