The euro has done it: a daily close above 1.16, at 1.1682, with an intraweek high of 1.1712. EUR/USD has now recovered every pip of the June–July decline and is trading back at levels last seen in mid-May. From the June low of 1.1325, that’s a 3.9% rally — and crucially, it’s happening while the […]
Here’s the question every gold bear is asking this week: the dollar hasn’t fallen — so why is gold surging? The metal has climbed from 3,955 to near 4,600 in seven weeks, and the usual inverse correlation with the dollar has decoupled. USD/JPY is still elevated, the dollar index is flat rather than down, and […]
Sterling is on one of its trademark summer tears. GBP/USD closed the week at 1.3654, up from 1.3551, and touched 1.3675 on Wednesday — the highest level of 2026 and within sight of levels last seen in early 2025. From the late-June low of 1.3143, the pound has rallied 4% against a broadly firm dollar, […]
EUR/USD touched 1.1614 this week — the highest since early May — before pulling back to 1.1574. The pair has now rallied 3 cents from the June low of 1.1325, and it’s approaching the level that separates “correction” from “trend change”: 1.1620. Why 1.1620 matters It’s the convergence zone of three technical markers: the May […]
The crypto recovery is accelerating. Bitcoin has climbed through the $66,000–$68,000 zone this week and is pressing against the $70,000 handle — a level that has capped every rally since May. From the July 1 low of $57,748, the token is up nearly 20%, and the rally’s internals keep improving: spot volume leading derivatives, ETF […]