The overnight session has set the table — here is what traders are waking up to. GBP/USD ripped higher to 1.3529 (+0.98%), while Gold (XAU/USD) pulled back at 4,046 (-0.36%).
Market snapshot
- EUR/USD 1.1471 (+0.41%)
- GBP/USD 1.3529 (+0.98%)
- USD/JPY 162.06 (-0.08%)
- AUD/USD 0.6995 (+0.27%)
- USD/ZAR 16.35 (+0.03%)
- Gold (XAU/USD) 4,046 (-0.36%)
What's moving markets
- Canadian Dollar consolidates near four-week top vs USD; elevated oil prices favor bulls *(FXStreet)*
- PBOC sets USD/CNY reference rate at 6.7909 vs. 6.7910 previous *(FXStreet)*
- Australian Dollar remains subdued as Consumer Inflation Expectations fall in July *(FXStreet)*
- New Zealand Dollar drops as Middle East conflict escalates *(FXStreet)*
- WTI gains traction to near $79.50 after US strikes on Iran *(FXStreet)*
On today's calendar
- Thu 06:00 UTC — GBP GDP m/m (high impact) — forecast 0.0%, previous -0.1%
- Thu 12:30 UTC — USD Core Retail Sales m/m — forecast 0.0%, previous 0.8%
- Thu 12:30 UTC — USD Philly Fed Manufacturing Index — forecast 12.7, previous 10.3
- Thu 12:30 UTC — USD Retail Sales m/m — forecast 0.2%, previous 0.9%
- Thu 12:30 UTC — USD Unemployment Claims — forecast 216K, previous 215K
Tip of the day: Measure drawdown from the peak
A 10% gain followed by a 10% loss leaves you down 1% — and down 10% from the high-water mark. Firms measure from the peak; so should you. Try the drawdown calculator.
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.*