The overnight session has set the table — here is what traders are waking up to. Gold (XAU/USD) advanced to 4,386 (+0.51%), while USD/JPY traded flat at 159.22 (-0.07%).
Market snapshot
- EUR/USD 1.1546 (+0.14%)
- GBP/USD 1.3503 (+0.04%)
- USD/JPY 159.22 (-0.07%)
- AUD/USD 0.7070 (+0.09%)
- USD/ZAR 16.19 (+0.30%)
- Gold (XAU/USD) 4,386 (+0.51%)
What's moving markets
- France July final CPI +2.1% vs +2.1% y/y prelim *(ForexLive)*
- New Zealand Dollar gains on hawkish RBNZ policy outlook *(FXStreet)*
- British Pound edges down against Japanese Yen on hawkish BoJ bets *(FXStreet)*
- Japanese Yen: Recovery needs faster BoJ normalisation – OCBC *(FXStreet)*
- Forex Today: Easing Fed rate hike bets weigh on USD amid Mideast stalemate *(FXStreet)*
On today's calendar
- Fri 12:30 UTC — USD Core Retail Sales m/m — forecast 0.2%, previous -0.2%
- Fri 12:30 UTC — USD Retail Sales m/m — forecast 0.1%, previous 0.2%
- Fri 14:00 UTC — USD Prelim UoM Consumer Sentiment — forecast 54.7, previous 54.4
- Fri 14:00 UTC — USD Prelim UoM Inflation Expectations, previous 4.2%
Tip of the day: Survive first, compound second
Ten consecutive losses at 1% risk costs about 9.6% of the account. At 2%, it costs 18.3%. Halving risk roughly doubles the losing streak you can survive.
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.*