Another trading week wrapped; here is what it left behind. USD/JPY owned the week, advanced to 160.04 (+0.73% on the week), while Gold (XAU/USD) had the roughest ride, ending at 4,504 (-2.60%).
The week on the board
- EUR/USD 1.1587 (-0.86% on the week)
- GBP/USD 1.3537 (-0.78% on the week)
- USD/JPY 160.04 (+0.73% on the week)
- AUD/USD 0.7164 (+0.63% on the week)
- USD/ZAR 16.17 (+0.45% on the week)
- Gold (XAU/USD) 4,504 (-2.60% on the week)
Stories that shaped the week
- Philippine Peso: BSP tightening bias on inflation risks – DBS *(FXStreet)*
- South Korean Won: Higher rates and chip boom support gains – ING *(FXStreet)*
- U.S. Treasury yields rise, 2-yr soars as Sept hike back in play after Warsh speech *(Investing.com)*
- Canadian dollar slips as trade tensions, Fed outlook keep loonie under pressure *(Investing.com)*
- investingLive Americas FX news wrap 28 Aug *(ForexLive)*
- Malaysian Ringgit: BNM seen on steady policy path – DBS *(FXStreet)*
The week ahead
- No high-impact releases scheduled.
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.*
