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  • EUR/USD1.1224ECB reference-0.38%
  • GBP/USD1.3459ECB reference-0.30%
  • USD/JPY158.46ECB reference+0.13%
  • BTC/USD75,575.60Kraken-0.53%
  • USD/CHF0.8179ECB reference+0.30%
  • AUD/USD0.7000ECB reference-0.21%
  • USD/CAD1.3966ECB reference+0.22%
  • EUR/GBP0.8339ECB reference-0.08%
  • ETH/USD2,224.01Kraken-0.50%

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What's inside every issue

The format
  • Five numbered items (01–05) — the things that actually moved overnight, each one written to stand alone.
  • A “why it matters” line under every item, so you know what to do with the information rather than just filing it.
  • Key levels — support, pivot and resistance for EUR/USD, gold, cable and the dollar index.
  • Calendar flags — the high-impact releases due, with times and what the market has already priced.
  • No hype — no signals to buy, no guru promises, no affiliate links dressed up as commentary.

The colophon

How it is made
Who writes it

Written each trading morning by the piphawk.com desk.

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 come from dated reference data shown with each figure. piphawk.com publishes market commentary and education, not investment advice, and takes no position in the instruments it covers.