Archive: September 2026· page 5
USD/CAD: how much does it move, when, and what moves it?
The most uneven day in the series: a best hour worth 3.5 times the worst, and 67% of the range inside four hours. The only major with both currencies in one time zone.
GBP/JPY: how much does it move, when, and what moves it?
Close to close it moves 55 pips against USD/JPY's 53. The beast reputation is intraday range, not displacement. A derived series, and we say so.
GBP/USD: how much does it move, when, and what moves it?
An 80-pip median day and only 5% of sessions under 40. The same clock as EUR/USD, turned up. Measured on 521 days of our own price history.
USD/JPY: how much does it move, when, and what moves it?
The only pair in the series with two peak hours: at 00:00 UTC it delivers 96% of its best hour. A 112-pip median, measured on 521 days of our own data.
USD/CHF: how much does it move, when, and what moves it?
The calmest of the five majors: a 53-pip median and 24% of days under 40. Its −0.83 against EUR/USD is the strongest inverse relationship in the series.
EUR/USD: how much does it move, when, and what moves it?
A 64-pip median day, 61% of the range inside four hours, and a 0.80 correlation with GBP/USD. Measured on 521 days of our own price history.
A second yen surge sinks the dollar and gold tests $4,500
A second session of yen buying started the dollar's slide and a conditional hold from the Fed's Christopher Waller finished it, taking the dollar index under 99.00 and through its 200-day average while gold rallied past $4,500.
Intervention talk lifts the yen off 160 as the kiwi falls on its hike
Suspected Japanese intervention gave the yen its best session in weeks and knocked USD/JPY back off 160.00, while the New Zealand dollar got the rate hike it wanted from the Reserve Bank of New Zealand and fell 1.45% anyway.
Gold collapses 2.3% as US-Iran strikes send oil vertical and yields to 4.79%
A second wave of US strikes on Iran took WTI crude above $88.50 and the US 10-year to 4.79%, its highest since January 2025 — and gold fell 2.3% to a two-week low near $4,330 instead of catching a safe-haven bid.
What is a currency pair?
A forex price isn't the price of a currency, it's the price of an exchange: you buy one by paying with another. Which is why you can be right about the euro and still lose money.
Oil holds above $85.50 after US-Iran strikes as gold fails to rally
US strikes on Iranian launchers and Tehran's reply lifted crude 2.5% on Monday and pushed US yields higher; WTI holds above $85.50 into Tuesday, and gold still cannot rally.
