With August closing on Friday, positioning for September deserves more thought than usual — because this September carries an unusually heavy load. The calendar stack Five events dominate. One: the Federal Reserve meeting, where the market will parse every word for timing on the first cut. Two: the US employment report, the single most market-moving […]
Nothing rallies in a straight line, and the euro’s August surge is taking a well-earned breather. EUR/USD has pulled back from last week’s high of 1.1712 to close at 1.1589, a drop of over a cent in five sessions. GBP/USD retreated from 1.3638 to 1.3540, and USD/JPY actually rose for the first week since the […]
$78,000. Bitcoin is trading near that level — up 25% in August and 35% from the July 1 low of $57,748. The comeback has been so complete that the May crash to $72,436 and the June collapse to $58,076 now look, on the chart, like a single violent correction in an intact bull market. The […]
Somewhat lost in all the yen drama, the British pound has been quietly having an excellent summer. GBP/USD touched 1.3675 on Wednesday, its highest level of 2026, before settling back around 1.3550. From the late-June low of 1.3143, that’s a rally of more than 4% in under two months. For a major currency pair, that’s […]
7,816. The S&P 500 touched that level on Wednesday — its first foray above 7,800 — before settling near 7,780. The rally that began at the June correction low of 7,238 has now delivered 8% in eleven weeks, and the character of the advance keeps improving. Breadth is the headline Unlike the narrow megacap-led rallies […]