August has arrived, and the market is doing what it usually does this month: nothing, loudly. EUR/USD is trading at 1.1556, up marginally from last week’s close of 1.1544. USD/JPY at 157.89 has spent four sessions bouncing between 156.8 and 159.0 without conviction. GBP/USD at 1.3491 is exactly where it ended July. Three pairs, three […]
Gold has woken up. The metal closed July at 4,107 and has spent the year’s first days of August pressing higher, clearing 4,150 with ease. For a market that spent June in freefall and July in a coma, the change in tone is striking — and the drivers finally look organic rather than mechanical. What’s […]
July will be remembered as the month the yen finally pushed back. USD/JPY ends the month at 157.58, down over 6 yen from Monday’s peak of 163.79 — a stunning reversal that wiped out eight weeks of carry-trade gains in four days. The euro, meanwhile, posts its best month since January: EUR/USD closes July at […]
Big moves change markets in ways that outlast the move itself. The yen’s 870-pip round trip this week has reset positioning, repriced risk, and created a new trading landscape. Here’s how I’d navigate it. Rule one: respect the new range until proven otherwise USD/JPY is trading around 157.6, roughly in the middle of its new […]
Every cross-asset investor felt the yen shock this week, even those who’ve never traded USD/JPY. Here’s the damage report — and the lesson inside it. The scoreboard Stocks: the S&P 500 spent the week wobbling around 7,490, down modestly from July’s highs but well above the June correction low of 7,238. The equity market’s reaction […]