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 […]
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 […]
If you’ve been watching EUR/USD this week, you’ve seen the same thing I have: a slow, grinding fade. The pair opened the week near 1.1770 and has slipped to around 1.1660 by Thursday’s close — not a crash, just a steady drip of selling that tells you buyers are losing patience at these levels. What […]
GBP/USD is holding around 1.3526 this morning, calm on the surface, but the options market is pricing a busy couple of days. UK inflation data lands tomorrow, and for a currency that has rallied more than 6% since January, the bar for disappointment is low. Why the pound is vulnerable here Don’t get me wrong […]
A week ago, USD/JPY was flirting with 160.70 and traders were dusting off their intervention playbooks. This week, the pair closed at 156.85 — its lowest in a month — and nobody is talking about Tokyo anymore. The speed of the reversal tells you everything about how this market is trading. The April surge in […]