TapeEUR/USD1.0842+0.18%GBP/USD1.2731-0.09%USD/JPY152.36+0.24%XAU/USD2,412.60+0.61%DXY104.28-0.14%US10Y4.31%+3bpWTI78.42-0.53%BTC/USD61,180+1.42%Illustrative snapshot · Wednesday, 5 August 2026
Wednesday, 5 August 2026London edition · All times GMT
PipDigestThe five-minute forex issue
Issue #248Subscribe free
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The desk

Markets, briefed. Not hyped.

PipDigest is a daily forex issue for people who want the market explained, not sold to. One issue per trading morning, filed at 06:15 GMT, in the same numbered format every time.

#248Issues filed
5Online in the archive
5Analysis pieces
8Calendar entries explained

Most market coverage is either a firehose of unreadable data or a stream of breathless “signals.” PipDigest is neither. Every trading morning we distil the overnight session into a five-minute issue: five numbered items, a line under each explaining why it matters, and the concrete support, pivot and resistance levels that frame the day.

Why the issue format

A brief that rambles is a brief nobody finishes. Numbering the items forces the desk to decide what actually mattered overnight and to cut everything that did not make the cut. The bold lead-in on each item exists so you can skim the whole issue in ninety seconds and stop reading the moment you have what you need — that is the point, not a failure of engagement.

What we cover

We cover the instruments that matter to most traders — EUR/USD, gold, cable, the dollar index and US yields — in a crisp, journalistic voice. No jargon for its own sake, no chart astrology, and no promises about what price will do next. We describe the structure, the scenarios and the risks, and we leave the decisions to you.

The calendar and the board

Our economic calendar is written the same way: every release comes with a plain-English line explaining what it measures and why it can move your positions. The rates dashboard is the other half of that — the yields and policy rates the desk checks before writing a word of the issue. If you have ever watched a number print and had no idea why the market lurched, those two pages are for you.

How we stay independent

PipDigest is reader-supported and independent. When we link to a broker it is flagged, and it never shapes the commentary or the levels we publish. The numbers on this site are illustrative and for education — this is market commentary, not investment advice.

PD
The PipDigest desk
Markets & macro · London edition
A small working desk covering FX, rates and gold. We read the tape, write the issue, and publish before the London open — then get on with the day like everyone else.
Who writes it

Written each trading morning by the PipDigest desk in London.

When it lands

The issue lands in inboxes at 06:15 GMT, roughly ninety minutes before the London open.

What it is not

Prices, yields and levels published here are illustrative and set at the time of writing. PipDigest publishes market commentary and education, not investment advice, and takes no position in the instruments it covers.

Desk sourcesBIS Triennial FX Survey · Federal Reserve H.10 · BLS Employment Situation · Financial Conduct Authority · ASIC