A quick read on the currency board before the trading day builds momentum. Gold (XAU/USD) pushed higher to 4,435 (+0.58%), while AUD/USD ticked down at 0.7052 (-0.17%).
Market snapshot
- EUR/USD 1.1525 (-0.16%)
- GBP/USD 1.3491 (-0.14%)
- USD/JPY 159.38 (+0.07%)
- AUD/USD 0.7052 (-0.17%)
- USD/ZAR 16.17 (-0.10%)
- Gold (XAU/USD) 4,435 (+0.58%)
What's moving markets
- UK Q2 preliminary GDP +0.4% vs +0.4% q/q expected *(ForexLive)*
- UK economy posts unexpected growth in June on stronger services sector showing *(ForexLive)*
- AUD/USD Price Forecast: Struggles to extend rally above 0.7100 *(FXStreet)*
- It's on to Jackson Hole next.. *(ForexLive)*
- EUR/USD Price Forecast: Flatlines below 1.1550, while staying bearish under 100-day SMA *(FXStreet)*
On today's calendar
- Thu 06:00 UTC — GBP GDP m/m (high impact) — forecast 0.0%, previous 0.1%
- Thu 06:00 UTC — GBP Prelim GDP q/q — forecast 0.4%, previous 0.6%
- Thu 12:30 UTC — USD Core PPI m/m (high impact) — forecast 0.3%, previous 0.2%
- Thu 12:30 UTC — USD PPI m/m (high impact) — forecast 0.2%, previous -0.3%
- Thu 12:30 UTC — USD Unemployment Claims — forecast 202K, previous 199K
- Thu 23:30 UTC — AUD RBA Gov Bullock Speaks
Tip of the day: Backtest with real ticks or not at all
Interpolated price data flatters almost every strategy. If the backtest was not run on real tick data with variable spread, treat the equity curve as fiction.
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.*