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President Donald Trump announced in September that employers would have to pay a $100,000 fee for each H-1B visa.

The government shutdown is exacerbating concerns about the strain on air traffic controllers, a shortage of whom has vexed airline executives for years.

The Dow Jones Industrial Average (DJIA) tilted back into the bullish side on Wednesday, recovering recently lost ground and retesting the 46,800 level as major indexes look to reestablish their top-heavy stance.

The Japanese Yen (JPY) remains under broad selling pressure, extending its slide against the US Dollar (USD) on Wednesday, with USD/JPY climbing to 153.00, its highest level since February 14, 2025.

The price of crude oil is settling at $62.55. That is up $0.82 or 1.33%. The high for the day reached $62.92. The low was at $62.05.

From a technical perspective, today’s price action has been encouraging for buyers. The market held above a swing area floor that previously acted as a barrier in both August and September (see yellow area on the chart above).

Although the price briefly dipped below this level on October 1 and spent much of the past two sessions trading beneath it, today marked a shift. The market extended back above the floor and, importantly, has been able to remain there. This resilience gives buyers renewed confidence that the level may once again serve as a base of support, opening the door for a potential push higher if momentum builds.

For sellers, getting back below the old floor area between $61.45 and $61.94 would be needed to give the sellers firm control from a technical perspective.

The weekly crude oil inventory data released earlier today showed a build 3.715M barrels versus expectations of 1.830M. However, gasoline inventories showed a drawdown -1.601M v -0.690M estimate and distillates showed a drawdown of -2.018M versus expectations at -0.842M .

This article was written by Greg Michalowski at investinglive.com.

The US Dollar (USD) climbed further and hit new two-month highs on the back of shutdown concerns and the generalised risk-off theme hovering around the FX galaxy.

Canadian and US deputies continue to meeting in Washington and yesterday hinted that they were close to a deal. Canada has been angling for relief on steel and aluminum while dangling energy (Keystone XL was proposed again) and hoping to get some certainty on autos.

There are some interesting market moves today. Cleveland-Cliffs shares are up nearly 10% and the company has a notably-large steel mill in Canada. Aluminum giant, which produces 75% of its North American aluminum in Canada, is also up 3.5%.

There is clearly some anticipation (leak?) of a deal here. I wouldn’t think the announcement of a deal on just steel and aluminum would move the loonie much but it certainly wouldn’t hurt. In terms of Canadian equity markets, they’re higher today led by gold, silver and base metals producers, which are soaring.

This article was written by Adam Button at investinglive.com.

Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.

The euro caught a small bid after comments from France’s caretaker Prime Minister:

• As of this evening, I consider the mission finished
• There is a majority that’s against dissolution of parliament (and fresh elections)
• I told Macron that the prospect of dissolution is becoming more remote

It looks like they’re going to find a way forward. The euro is still down 47 pips on the day but it ticked higher on this.

This article was written by Adam Button at investinglive.com.