Here is where the major pairs stand as the London session gets moving. USD/ZAR pushed higher to 16.16 (+0.75%), while AUD/USD weakened at 0.7174 (-0.65%).

Market snapshot

  • EUR/USD 1.1614 (-0.17%)
  • GBP/USD 1.3518 (-0.25%)
  • USD/JPY 154.03 (+0.30%)
  • AUD/USD 0.7174 (-0.65%)
  • USD/ZAR 16.16 (+0.75%)
  • Gold (XAU/USD) 4,390 (+0.58%)

What's moving markets

  • UK July monthly GDP +0.4% vs 0.0% m/m expected *(ForexLive)*
  • Asian currencies weaken as yen slips, dollar holds near weekly high *(Investing.com)*
  • What are the main events for today? *(ForexLive)*
  • investingLive Asia-Pacific market news: Oil holds near highs *(ForexLive)*
  • Japan wholesale inflation stays hot in August, cements case for BOJ hike *(ForexLive)*

On today's calendar

  • Fri 06:00 UTC — GBP GDP m/m (high impact) — forecast 0.0%, previous 0.3%
  • Fri 09:15 UTC — CHF SNB Chairman Schlegel Speaks
  • Fri 12:30 UTC — USD Core CPI m/m (high impact) — forecast 0.2%, previous 0.2%
  • Fri 12:30 UTC — USD Core CPI y/y (high impact) — forecast 2.4%, previous 2.5%
  • Fri 12:30 UTC — USD CPI m/m (high impact) — forecast 0.4%, previous 0.1%
  • Fri 12:30 UTC — USD CPI y/y (high impact) — forecast 3.4%, previous 3.4%
  • Fri 14:00 UTC — EUR ECB President Lagarde Speaks
  • Fri 14:00 UTC — USD Prelim UoM Consumer Sentiment — forecast 51.0, previous 51.0

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.*