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Saudi Aramco CEO Amin Nasser shared details of the kingdom’s national AI strategy in an interview with CNBC’s Sara Eisen.
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Bitcoin falls below the $100,000 level for the 1st time since June 23
The price bitcoin is continuing its move to the downside. The low price has now reached $99,939. The price has not traded below the $100,000 level since June 23 when the price reached $99,705.
Looking at the daily chart, the next target on a break lower would have traders looking toward the June 22 low price and $98,240, and below that the 38.2% retracement of the move up from the August 2024 low. That level comes and $96,975.
From the low price of $126,272, the price has now fallen 20.89% over 29 trading days (from October 6).
This article was written by Greg Michalowski at investinglive.com.
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GBPUSD Technicals: GBPUSD sellers continue the push lower and approach key support targets
The GBPUSD continues to move lower, extending its decline and breaking further away from the 38.2% retracement level of the rise from the January low to the July 2025 high, which comes in at 1.31422. The pair has now fallen to a new session low near 1.3018, putting the psychological 1.3000 level firmly in sight. A move below that key level would expose the next swing area between 1.29706 and 1.2988, and a sustained break there would shift focus toward the 50% midpoint of the 2025 trading range at 1.29433.
From a technical perspective, sellers remain firmly in control. The pair has broken below several important moving averages — including the 100-day and 200-day MAs, as well as the 100- and 200-bar MAs on the 4-hour chart — signaling that the broader bias has clearly tilted to the downside. The drop below the 38.2% retracement earlier this week confirmed the continuation of that bearish momentum. For traders, the 1.2943–1.3000 zone now stands out as a critical support region. A decisive move below it would further strengthen the bearish bias and keep the sellers in control.
This article was written by Greg Michalowski at investinglive.com.
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EUR/USD extends losing streak as focus turns to ADP, ISM and Eurozone PMI
The Euro (EUR) weakens further against the US Dollar (USD) as renewed demand for the Greenback keeps pressure on the pair. At the time of writing, EUR/USD is trading around 1.1481, extending losses for the fifth consecutive day. -
Pure EV automakers Rivian, Lucid face growing challenges amid Q3 results
Both automakers have already cut vehicle production guidance, while Rivian also has negatively changed its adjusted earnings and gross profit expectations. -
EUR/JPY drops as Yen strengthens on BoJ rate hike signals, ECB pause
EUR/JPY trades around 176.30 on Tuesday at the time of writing, down 0.70% for the day. The pair extends its decline as the Japanese Yen (JPY) benefits from recent remarks by Bank of Japan (BoJ) Governor Kazuo Ueda, who hinted at a possible rate hike as early as December or January. -
Government shutdown set to become longest ever after latest Senate vote fails
The latest attempt to end the shutdown, by passing a Republican-backed stopgap resolution through Congress, failed in the Senate for the 14th time. -
Job openings in October slumped to the lowest level since February 2021, Indeed measure shows
Under normal conditions, the BLS on Tuesday would have reported its monthly Job Openings and Labor Turnover Survey. -
Jim Cramer says this cheap bank is ‘killing it’ — plus, 2 chip stock price target hikes
The Investing Club holds its “Morning Meeting” every weekday at 10:20 a.m. ET. -
Signs that we’re in the endgame of the US government shutdown mount
This US government shutdown will end, just like all the others. It’s why the dip in equities on the day it started was an easy buying opportunity, something I repeatedly touted.
The question is: Will the market rally even further when it’s settled? I’d say that’s likely and I can’t really see a scenario where it’s bad news that the government is re-opened.
A few things are lining up to indicate that we’re in the endgame:
- An Axios report last yesterday about a bipartisan group floating a compromise
- The US Transport Secretary saying he may have to close parts of US airspace next week if the gov’t isn’t opened
- SNAP benefits running out, cutting off food to as many as 40 million Americans
- Trump’s disapproval rating rising
Now there is a WSJ report saying Senators were increasingly optimistic about a deal.
Several lawmakers who returned to Capitol Hill on Monday evening said they believed the shutdown would come to a close by the end of the weekend.
Today it will become the longest US shutdown in history.
This article was written by Adam Button at investinglive.com.
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