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 […]
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 […]
After five weeks of almost uninterrupted strength, the dollar rally is showing its first honest signs of fatigue. EUR/USD has based around 1.1386 after touching 1.1325 last week, refusing to make new lows despite repeated tests. USD/JPY has stalled at 161.8, unable to extend beyond the mid-June highs. GBP/USD found buyers at 1.3143 and has […]