With the week's business done, here is the scorecard and what waits on the other side of the weekend. GBP/USD owned the week, surged to 1.3529 (+0.99% on the week), while Gold (XAU/USD) had the roughest ride, ending at 4,046 (-0.60%).
The week on the board
- EUR/USD 1.1471 (+0.43% on the week)
- GBP/USD 1.3529 (+0.99% on the week)
- USD/JPY 162.06 (-0.30% on the week)
- AUD/USD 0.6995 (+0.85% on the week)
- USD/ZAR 16.35 (-0.29% on the week)
- Gold (XAU/USD) 4,046 (-0.60% on the week)
Stories that shaped the week
- 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)*
- Chinese Yuan: Upside bias against US Dollar – UOB *(FXStreet)*
The week ahead
- Thu 06:00 UTC — GBP GDP m/m (high impact) — forecast 0.0%, previous -0.1%
Lesson of the week: Weekend gaps do not honour stops
Friday-close positions can reopen Monday far beyond your stop-loss. If a gap through your stop would breach a rule, flatten before the close.
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.*