The pound finally broke. GBP/USD plunged to 1.3143 on Monday — its lowest level since March — before stabilizing around 1.3200. From its mid-June levels near 1.3440, sterling has shed 300 pips in five sessions, and the speed of the move suggests forced liquidation rather than thoughtful repricing. What killed the sterling trade Three things, […]
The euro’s slide is no longer a drift. It’s a trend. EUR/USD ended the week near 1.1459, down from 1.1635 at the start of June — a decline of roughly 1.8% in two and a half weeks, with the pair slicing through 1.15 like it wasn’t even there. On Wednesday alone, the pair fell from […]
Here’s a market oddity worth unpacking: this week, both gold (bouncing around 4,381) and the euro (at 1.146) fell against the dollar simultaneously — but gold’s bounce off the lows came while the dollar was still firm. Occasionally, everything falls together. What’s going on? The liquidation explanation When leveraged macro funds unwind crowded trades — […]
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 […]
4,500 has fallen. Gold closed Tuesday at 4,467 — its lowest finish since October and a jarring sight for anyone who bought the metal this year as portfolio insurance. From the April peak of 4,918, bullion is now down 9.2%, and the decline is accelerating: June’s first three sessions alone have erased what May’s dip-buyers […]