With the week's business done, here is the scorecard and what waits on the other side of the weekend. USD/ZAR owned the week, climbed to 16.35 (+0.72% on the week), while EUR/USD had the roughest ride, ending at 1.1419 (-0.16%).
The week on the board
- EUR/USD 1.1419 (-0.16% on the week)
- GBP/USD 1.3398 (+0.34% on the week)
- USD/JPY 161.67 (+0.14% on the week)
- AUD/USD 0.6955 (+0.26% on the week)
- USD/ZAR 16.35 (+0.72% on the week)
- Gold (XAU/USD) 4,129 (+0.39% on the week)
Stories that shaped the week
- Singapore: Resilient GDP and strong NODX – DBS *(FXStreet)*
- Silver Price Forecast: Lower high structure holds, bear's eye $55.00 *(FXStreet)*
- Taiwan Dollar: CBC inflation risks support against US Dollar – Commerzbank *(FXStreet)*
- Forecasting the upcoming week: US CPI and Warsh testimony to test the Dollar’s recovery *(FXStreet)*
- Yen surges on Japan policy plans, dollar heads for marginal weekly gain *(Investing.com)*
- investingLive Americas FX news wrap 10 Jul *(ForexLive)*
The week ahead
- No high-impact releases scheduled.
Lesson of the week: Demo the news, trade the calm
If you have never watched your pair through an NFP release on demo, do that before an EA or a live position ever meets one.
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.*