The S&P 500’s remarkable run finally hit some friction. The index closed Friday at 7,384 — down 3% from the early-June record near 7,610 and briefly touching 7,238 during Tuesday’s session, the deepest intraday decline of 2026. After a straight-line rally that added 9% in six weeks, the pullback was overdue and, so far, entirely […]
The first week of June delivered a clear message: the dollar is back in charge. EUR/USD closed the week at 1.1523, down 100 pips, after spending five sessions pinned below 1.16. USD/JPY held its break above 160, finishing at 160.33. Even sterling, the market’s darling, slipped to 1.3336. When all three majors point the same […]
4,500 has fallen. Gold closed Tuesday at 4,467 — its lowest finish since October and a jarring sight for anyone who bought the metal this year as portfolio insurance. From the April peak of 4,918, bullion is now down 9.2%, and the decline is accelerating: June’s first three sessions alone have erased what May’s dip-buyers […]
160.33. That’s where USD/JPY finished Monday — the first daily close above 160 since the late-April spike, and a line in the sand that matters both technically and politically. The pair has now rallied for four straight weeks, from 156.85 in early May to Monday’s high of 160.39. Steady, persistent, almost boring — which is […]
USD/JPY closed above 160 for the first time since April, and while traders in New York and London watch the level for intervention risk, the more consequential story may be unfolding across the rest of Asia. A yen this weak rewrites the region’s competitive math. Korean and Taiwanese exporters lose pricing power against Japanese rivals; […]