The first week of the second half looks a lot like the last week of the first: the dollar consolidating its June gains while the market decides whether the trend has one more leg in it. EUR/USD is parked at 1.1404, having spent a week oscillating between 1.1387 and 1.1463. USD/JPY at 161.88 is pressing […]
The second quarter closes today, and the headline numbers suggest a snoozer. Don’t be fooled. EUR/USD ends Q2 at 1.1438, down modestly from its late-March levels. USD/JPY closes near 161.45, up a few percent. GBP/USD at 1.3353 is roughly where it started April. On the surface: range-bound markets, nothing to see. But the quarter’s real […]
With June nearly closed, it’s a natural moment to zoom out and score the first half of 2026 in FX. The winners The US dollar, first and unambiguously. EUR/USD ends June near 1.1438, down from around 1.17 in early May and trending lower since spring. USD/JPY at 161.45 is up nearly 2 yen from where […]
It’s been one of those weeks where the most honest market commentary is a shrug. EUR/USD drifted from 1.1528 to close at 1.1576 — a modest recovery, but within the context of a downtrend it changes nothing. USD/JPY eased from 160.18 to 159.96, pausing after its four-week charge. GBP/USD ground out a 120-pip recovery to […]
A short public-holiday week in the US is upon us, and the FX market has a message: don’t trust anything that happens in the next four sessions. With American desks thinned out, liquidity drops sharply, and thin markets do strange things — quiet pairs suddenly move 80 pips on a single order, technical levels break […]