With the week's business done, here is the scorecard and what waits on the other side of the weekend. Gold (XAU/USD) owned the week, surged to 4,432 (+2.10% on the week), while USD/ZAR had the roughest ride, ending at 16.17 (+0.09%).
The week on the board
- EUR/USD 1.1573 (+0.14% on the week)
- GBP/USD 1.3536 (+0.34% on the week)
- USD/JPY 159.31 (+0.90% on the week)
- AUD/USD 0.7087 (+0.33% on the week)
- USD/ZAR 16.17 (+0.09% on the week)
- Gold (XAU/USD) 4,432 (+2.10% on the week)
Stories that shaped the week
- US Treasury yields rise as Oil strength offsets weak Retail Sales *(FXStreet)*
- investingLive Americas FX news wrap 14 Aug: Stocks finish mixed as yields rise and the dollar falls *(ForexLive)*
- Mexican Peso refreshes multi-month highs, Banxico minutes eyed *(FXStreet)*
- Chinese Yuan: Steady appreciation backed by PBoC stance – Societe Generale *(FXStreet)*
- Trump: Pretty soon will be declaring Strait of Hormuz territory of the US *(ForexLive)*
- Dollar falls on pared rate hike bets, but on track to snap two-week losing streak *(Investing.com)*
The week ahead
- No high-impact releases scheduled.
Lesson of the week: 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.
Heading into a new trading week, re-check your risk plan: the prop firm calculator translates your firm's limits into a safe risk-per-trade, and the risk of ruin calculator shows the odds your current sizing survives a losing streak.
*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.*