Nothing rallies in a straight line, and the euro’s August surge is taking a well-earned breather. EUR/USD has pulled back from last week’s high of 1.1712 to close at 1.1589, a drop of over a cent in five sessions. GBP/USD retreated from 1.3638 to 1.3540, and USD/JPY actually rose for the first week since the […]
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 […]
Here’s the question every gold bear is asking this week: the dollar hasn’t fallen — so why is gold surging? The metal has climbed from 3,955 to near 4,600 in seven weeks, and the usual inverse correlation with the dollar has decoupled. USD/JPY is still elevated, the dollar index is flat rather than down, and […]
Three assets dominate every financial crisis: gold, the dollar, and the yen. Understanding how they interact — because they don’t move in lockstep the way beginners expect — is essential market literacy. The hierarchy of safety When genuine panic hits, the market sells everything liquid and buys the dollar first. It’s the world’s funding currency, […]
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 […]