Some of the most useful market signals don’t come from price. They come from the absence of it. This week’s ranges across the majors were the narrowest since February: EUR/USD barely moved 70 pips from high to low, USD/JPY wandered between 158.6 and 159.3, and GBP/USD spent five days stuck between 1.338 and 1.351. For […]
Most retail traders ignore cross rates entirely. That’s a mistake, because EUR/GBP — quietly trading near 0.8640 this week — is one of the cleanest instruments in FX for reading what central banks are doing to each other. Why the cross matters Strip out the dollar and you’re left with a pure contest between the […]
Here’s a puzzle worth sitting with: the S&P 500 closed at 7,445 on Wednesday, up more than 9% from its April low, while gold — the classic fear asset — sits at 4,543, down 9% from its April peak. Stocks at records and gold in a correction is an unusual combination. What is the market […]
1.1577. That’s the low EUR/USD printed on Tuesday, and it matters more than a random number. It’s the weakest level since the pair’s April base, and a clean break would open a move toward 1.1500 that I suspect would accelerate quickly. The anatomy of the decline Go back three weeks: EUR/USD was at 1.1779. Since […]
Most investors think about the dollar as background noise. In 2026, it’s the lead instrument — and whether you trade FX or not, its spring surge is already affecting everything you own. Channel one: your stocks Roughly 40% of S&P 500 revenue comes from abroad. When the dollar rises, those foreign earnings translate into fewer […]