A quick read on the currency board before the trading day builds momentum. Gold (XAU/USD) rallied hard to 4,450 (+1.53%), while EUR/USD went nowhere fast at 1.1539 (-0.06%).

Market snapshot

  • EUR/USD 1.1539 (-0.06%)
  • GBP/USD 1.3508 (-0.02%)
  • USD/JPY 159.38 (+0.14%)
  • AUD/USD 0.7060 (+0.07%)
  • USD/ZAR 16.18 (-0.06%)
  • Gold (XAU/USD) 4,450 (+1.53%)

What's moving markets

  • Forex Today: Crucial US inflation data to lift market volatility *(FXStreet)*
  • US Dollar: CPI and Fed rhetoric in focus – Commerzbank *(FXStreet)*
  • Euro trims losses against the British Pound following hot German inflation data *(FXStreet)*
  • Euro: Upside capped by key resistance against US Dollar – UOB *(FXStreet)*
  • What are the main events for today? *(ForexLive)*

On today's calendar

  • Wed 12:30 UTC — USD Core CPI m/m (high impact) — forecast 0.2%, previous 0.0%
  • Wed 12:30 UTC — USD Core CPI y/y (high impact) — forecast 2.5%, previous 2.6%
  • Wed 12:30 UTC — USD CPI m/m (high impact) — forecast 0.1%, previous -0.4%
  • Wed 12:30 UTC — USD CPI y/y (high impact) — forecast 3.4%, previous 3.5%

Tip of the day: Journal the exit, not just the entry

Most traders can explain why they entered. The account is decided by how they exited. Log both — the pattern in your exits is usually the leak.

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.*