Before the day's releases hit, here is the state of play across the majors. Gold (XAU/USD) surged to 4,434 (+1.66%), while EUR/USD drifted lower at 1.1541 (-0.13%).

Market snapshot

  • EUR/USD 1.1541 (-0.13%)
  • GBP/USD 1.3507 (+0.12%)
  • USD/JPY 159.21 (+0.83%)
  • AUD/USD 0.7056 (-0.11%)
  • USD/ZAR 16.22 (+0.42%)
  • Gold (XAU/USD) 4,434 (+1.66%)

What's moving markets

  • AUD/USD Price Forecast: Aussie spikes down below 0.7050 as RBA’s Bullock speaks *(FXStreet)*
  • Australian Dollar declines against New Zealand Dollar following RBA decision *(FXStreet)*
  • Asia FX, dollar muted with U.S. CPI on tap; RBA holds rates *(Investing.com)*
  • Indian Rupee falls Trump's war compensation demand lifts oil prices *(FXStreet)*
  • Indonesian Rupiah stays under pressure as Retail Sales YoY decline in June *(FXStreet)*

On today's calendar

  • Tue 05:30 UTC — AUD RBA Press Conference (high impact)

Tip of the day: The spread is a cost, treat it like one

At rollover (around 22:00 GMT) spreads can triple. A strategy that ignores spread conditions pays a tax it never measured.

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.*