The S&P 500 closed the week at 7,473 — roughly where it started, roughly where it ended last week, and roughly where it’s spent the entire month. June has become a drawn-out stalemate between dip-buyers and profit-takers, and both sides are refusing to blink. The bull case, stated fairly Every test of 7,240–7,350 has been […]
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 […]
The first week of June delivered a clear message: the dollar is back in charge. EUR/USD closed the week at 1.1523, down 100 pips, after spending five sessions pinned below 1.16. USD/JPY held its break above 160, finishing at 160.33. Even sterling, the market’s darling, slipped to 1.3336. When all three majors point the same […]
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 […]
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 […]