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 […]
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 […]
While the majors chop sideways, one currency keeps quietly making higher highs: the pound. GBP/USD closed Monday at 1.3547, up from 1.3491, and touched 1.3571 during the session. More telling is the cross: EUR/GBP has slipped to around 0.8540, its lowest since June, confirming that sterling’s strength is genuine and not just a mirror of […]
A quick weekly wrap before the weekend. The dollar’s post-July-shock recovery has stalled. Against the majors, the greenback is roughly flat on the week: EUR/USD at 1.1556, USD/JPY at 157.89, GBP/USD at 1.3491. But the internals are more interesting than the headline. The dollar actually gained against the commodity bloc — AUD, NZD, and the […]