The dollar’s bounce-back week is starting exactly where skeptics expected it to: with a pause. After its worst week since August, the greenback steadied in Monday’s early trade. EUR/USD slipped from Friday’s 1.1244 close to a low of 1.1183 before recovering to 1.1211 — a classic profit-taking dip after a cent-and-a-half rally. USD/JPY firmed back […]
Sunday preview: the last full trading week of October arrives with more moving parts than any week since the summer. Here are the five catalysts that will decide whether the current correction deepens or dies. 1. The US earnings barrage The heaviest week of third-quarter reporting season begins Monday. After the banks opened with cautious […]
Sunday edition: the bitcoin range is now two weeks old, and every session that passes inside it makes the eventual breakout bigger. The token traded between $80,615 and $82,183 on Saturday before settling near $82,000 — a fourth consecutive close between $80,000 and $84,800. Weekend volume of roughly $18 billion is lighter than the record […]
Saturday analysis: two weeks into October, the stock market’s story has flipped — and the cause is hiding in plain sight in the currency market. The anatomy of a 2.4% slide From the October 6 record of 7,844, the S&P 500 has fallen to 7,659. Two sessions did most of the damage, both on rising […]
Weekend review: the dollar just posted its worst week since August — and almost nobody noticed, because the drama was elsewhere. The scoreboard The euro closed Friday at 1.1244 after touching 1.1273, its highest level since mid-September — a gain of more than a cent from Monday’s 1.1114 low. Sterling was the week’s star, breaking […]