Before the day's releases hit, here is the state of play across the majors. Gold (XAU/USD) ripped higher to 4,487 (+1.25%), while USD/ZAR pulled back at 16.11 (-0.37%).
Market snapshot
- EUR/USD 1.1612 (+0.20%)
- GBP/USD 1.3545 (+0.03%)
- USD/JPY 159.91 (-0.13%)
- AUD/USD 0.7173 (+0.14%)
- USD/ZAR 16.11 (-0.37%)
- Gold (XAU/USD) 4,487 (+1.25%)
What's moving markets
- Analysts react to global bond selloff *(Investing.com)*
- Indian Rupee: Growth surprise supports range view against US Dollar – Commerzbank *(FXStreet)*
- Germany’s Retail Sales fall by 3.4% MoM in July vs. 0.4% expected *(FXStreet)*
- UK house prices nudge up a little in August, overall activity stays more tepid though *(ForexLive)*
- Germany July retail sales -3.4% vs +0.4% m/m expected *(ForexLive)*
On today's calendar
- Tue 09:00 UTC — EUR Core CPI Flash Estimate y/y — forecast 2.5%, previous 2.5%
- Tue 09:00 UTC — EUR CPI Flash Estimate y/y — forecast 3.3%, previous 2.9%
- Tue 14:00 UTC — USD ISM Manufacturing PMI (high impact) — forecast 55.2, previous 55.6
- Tue 14:00 UTC — USD ISM Manufacturing Prices — forecast 70.5, previous 71.1
- Tue 14:00 UTC — USD JOLTS Job Openings — forecast 7.33M, previous 7.36M
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.*
