Forex Morning Briefing — 4 November 2026

Here is where the major pairs stand as the London session gets moving. Gold (XAU/USD) rallied hard to 4,029 (+2.25%), while USD/ZAR pulled back at 16.54 (-0.38%).

Market snapshot

• EUR/USD 1.1233 (+0.37%)
• GBP/USD 1.3463 (+0.40%)
• USD/JPY 158.14 (+0.14%)
• AUD/USD 0.6988 (-0.17%)
• USD/ZAR 16.54 (-0.38%)
• Gold (XAU/USD) 4,029 (+2.25%)

What's moving markets

• US midterms 2026: Who would've thought that a war would be a bad idea? *(InvestingLive)*
• investingLive Asia-Pacific market news: Stocks slide as Trump slammed in mid terms loss *(InvestingLive)*
• Asian FX gains as dollar falls on U.S. midterm results, yuan weakens on PBOC move *(Investing.com)*
• Trump allies are pointing to the Iran war as the reason for the election disaster *(InvestingLive)*
• India rupee’s recovery may find fresh legs from equity flows, dollar weakness *(Investing.com)*

On today's calendar

• Wed 10:00 UTC — EUR Core CPI Flash Estimate y/y — forecast 2.5%, previous 2.5%
• Wed 10:00 UTC — EUR CPI Flash Estimate y/y — forecast 4.0%, previous 3.8%
• Wed 15:00 UTC — USD ISM Services PMI — forecast 54.8, previous 54.9

Tip of the day: Two losses, done for the day

A daily cutoff after two consecutive losses keeps one bad session from becoming a blown week. Prop firms enforce this with rules — you can enforce it with software or discipline.

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.*