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Affirm CEO Max Levchin said as the government shutdown drags on, there are signs of shifting shopping habits from federal workers.

Affirm CEO Max Levchin said as the government shutdown drags on, there are signs of shifting shopping habits from federal workers.

Gold has been a real battle this week as it consolidates around $4000 but it’s taken a quick trip to the best levels since Monday. It quickly rose to $4025 from $3990 in the past few minutes. It needs to get above the Oct 30 high of $4047 (call it $4050) to clear this consolidation zone but this is a better finish to the week if it can hold here.

There wasn’t any real catalyst for this but the US dollar is soft and Treasury yields are near the lows of the day. The market could be sniffing out a Fed cut in December as the US government shutdown drags on and we miss another non-farm payrolls report. The UMich consumer sentiment data today was also poor, is it fell to the lowest since June 2022.

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

Gold has been a real battle this week as it consolidates around $4000 but it’s taken a quick trip to the best levels since Monday. It quickly rose to $4025 from $3990 in the past few minutes. It needs to get above the Oct 30 high of $4047 (call it $4050) to clear this consolidation zone but this is a better finish to the week if it can hold here.

There wasn’t any real catalyst for this but the US dollar is soft and Treasury yields are near the lows of the day. The market could be sniffing out a Fed cut in December as the US government shutdown drags on and we miss another non-farm payrolls report. The UMich consumer sentiment data today was also poor, is it fell to the lowest since June 2022.

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

The EURUSD started the US session with the price higher and just above the broken 200 hour MA near 1.15525. Buyers on the dip in the early trading, defended that level and that has led to increased upside momentum with new highs for the week.

The price has also moved to the next key target area defined by the 61.8% and the high of a swing area at 1.1591 where sellers leaned.

In the video, I take a look at the technicals in play and look to answer “What next?”

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

The EURUSD started the US session with the price higher and just above the broken 200 hour MA near 1.15525. Buyers on the dip in the early trading, defended that level and that has led to increased upside momentum with new highs for the week.

The price has also moved to the next key target area defined by the 61.8% and the high of a swing area at 1.1591 where sellers leaned.

In the video, I take a look at the technicals in play and look to answer “What next?”

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

While large retailers like Walmart and Amazon are mostly brushing off Trump’s tariffs, small businesses are being crushed under the weight of them.

Block’s third-quarter revenue missed Wall Street estimates and showed slowing profit growth from Square.

A tough week in US stock markets is getting tougher by the minutes. The S&P 500 is at the lows of the day, down 1.1% to 6646. That’s the loweset since Oct 17 as the late-October low is cracked and more stops are hit.

The index is down 2.8% on the week compared to the Nasdaq down 4.6%.

The real pain is in some of the high flyers with some Mag7 names down hard, including Meta, which is now down 24% from its record high.

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

GBP/USD clings to minimal gains on Friday amid the lack of economic data releases in the UK and as markets digest scarce economic data as the US government shutdown continues. The pair trades at 1.3148, up 0.10% after hitting a daily low of 1.3094. Read More…