Forex Morning Briefing — 22 October 2026

Here is where the major pairs stand as the London session gets moving. GBP/USD ticked up to 1.3406 (+0.24%), while Gold (XAU/USD) dropped hard at 4,117 (-0.81%).

Market snapshot

• EUR/USD 1.1251 (+0.22%)
• GBP/USD 1.3406 (+0.24%)
• USD/JPY 157.16 (-0.70%)
• AUD/USD 0.7015 (+0.12%)
• USD/ZAR 16.43 (+0.24%)
• Gold (XAU/USD) 4,117 (-0.81%)

What's moving markets

• Asia FX mixed, dollar slips near 3-wk low as traders eye central bank meetings *(Investing.com)*
• US-Iran tensions refuse to fade as fresh Strait of Hormuz attacks keep oil markets on edge *(InvestingLive)*
• investingLive Asia-Pacific market news: Asian stocks slide, dollar slips *(InvestingLive)*
• New Zealand inflation slows to 3.7% in Q3, below forecasts, keeping RBNZ hike on track *(InvestingLive)*
• New Zealand Q3 CPI 3.7% y/y (expected 3.8%, prior 4.1%) *(InvestingLive)*

On today's calendar

• Thu 12:30 UTC — USD Unemployment Claims — forecast 200K, previous 199K

Tip of the day: The spread is a cost, treat it like one

At rollover (around 22:00 GMT) spreads can triple. A strategy that ignores spread conditions pays a tax it never measured.

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.*