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China Communist Party research office head:

• Expect China GDP to reach 140 trln yuan this year
• Projects this year’s per capita GDP to surpass global average.

China deputy head of Office of Financial, Economic Affairs Commission:

• Will pursue growth model driven by domestic demand, consumption

China Science, Technology Minister on AI:

• Will accelerate development, seek breakthroughs

• Will step up efforts on top-level design of AI

• Will develop chips with high-level resources

• Will strengthen AI governance

• Will work to make AI an international public good

This article was written by Eamonn Sheridan at investinglive.com.

Japan’s private sector lost further momentum in October, with both manufacturing and services activity softening, according to S&P Global’s Flash PMI survey. The Manufacturing PMI slipped from 48.5 to 48.3, extending its contraction, while Services PMI fell from 53.3 to 52.4. As a result, Composite index eased from 51.3 to 50.9, signaling the slowest pace […]

The post Japan PMI composite falls to 50.9, weak Yen keeps inflation hot appeared first on Action Forex.

China’s Xi cited in official media, Xinhua:

• China’s development facing strategic opportunities and challenges

• We should comprehensively promote the integrated development of education, science, and technology talent

• We should strive to break through key core technologies

This article was written by Eamonn Sheridan at investinglive.com.

President Trump claimed Canada had ran an ad featuring former President Ronald Reagan talking about tariffs to influence a pending U.S. Supreme Court case.

The United States (US) Bureau of Labor Statistics (BLS) will publish the all-important Consumer Price Index (CPI) data for September on Friday at 12:30 GMT.

Australia’s private sector activity sent mixed signals in October, according to the S&P Global Flash PMI survey. Manufacturing PMI slipped back into contraction, falling from 51.4 to 49.7, while Services PMI rose to 53.1 from 52.4, lifting the Composite PMI modestly from 52.4 to 52.6. The data suggest that overall business activity grew at a […]

The post Australia PMI composite ticks up to 52.6, easing inflation keeps RBA on easing track appeared first on Action Forex.

Trump on the warpath against Canada again – says all trade talks cancelled.

I guess this was inevitable following this:

• Canada has slashed how many American vehicles Stellantis and GM can import tariff-free
• Canada announces ‘significant’ reductions to import quotas of General Motors & Stellantis

But, Trump says his knickers are in a twist over something else:

This article was written by Eamonn Sheridan at investinglive.com.

Trump has called off ongoing trade negotiations with Canada, which were said to be near the finish line:

The Ronald Reagan Foundation has just announced that Canada has
fraudulently used an advertisement, which is FAKE, featuring Ronald
Reagan speaking negatively about Tariffs. The ad was for $75,000. They
only did this to interfere with the decision of the U.S. Supreme Court,
and other courts. TARIFFS ARE VERY IMPORTANT TO THE NATIONAL SECURITY,
AND ECONOMY, OF THE U.S.A. Based on their egregious behavior, ALL TRADE
NEGOTIATIONS WITH CANADA ARE HEREBY TERMINATED. Thank you for your
attention to this matter! President DJT

USD/CAD is taking it in stride so far.

Trump has a thing he likes to do in negotiations where he leaves the counterparty at the altar before making nice.

Here is the ad, which was from the Ontario government, not the Federal government.

Here is the actual speech. The bolded are words used in the ad.

My fellow Americans:

…

That message of free trade is one I conveyed to Canada’s leaders
a few weeks ago, and it was warmly received there. Indeed, throughout the world there’s a growing realization that the way to prosperity for
all nations is rejecting protectionist legislation and promoting fair
and free competition. Now, there are sound historical reasons for this.
For those of us who lived through the Great Depression, the memory of
the suffering it caused is deep and searing. And today many economic
analysts and historians argue that high tariff legislation passed back
in that period called the Smoot-Hawley tariff greatly deepened the
depression and prevented economic recovery.

You see, at first, when someone says, “Let’s impose tariffs on
foreign imports,” it looks like they’re doing the patriotic thing by
protecting American products and jobs. And sometimes for a short while
it works — but only for a short time. What eventually occurs is: First,
homegrown industries start relying on government protection in the form
of high tariffs. They stop competing and stop making the innovative
management and technological changes they need to succeed in world
markets. And then, while all this is going on, something even worse
occurs. High tariffs inevitably lead to retaliation by foreign countries
and the triggering of fierce trade wars. The result is more and more
tariffs, higher and higher trade barriers, and less and less
competition. So, soon, because of the prices made artificially high by
tariffs that subsidize inefficiency and poor management, people stop
buying. Then the worst happens: Markets shrink and collapse; businesses
and industries shut down; and millions of people lose their jobs.

The memory of all this occurring back in the thirties made me
determined when I came to Washington to spare the American people the
protectionist legislation that destroys prosperity. Now, it hasn’t
always been easy. There are those in this Congress, just as there were
back in the thirties, who want to go for the quick political advantage,
who will risk America’s prosperity for the sake of a short-term appeal
to some special interest group, who forget that more than 5 million
American jobs are directly tied to the foreign export business and
additional millions are tied to imports. Well, I’ve never forgotten
those jobs. And on trade issues, by and large, we’ve done well. In
certain select cases, like the Japanese semiconductors, we’ve taken
steps to stop unfair practices against American products, but we’ve
still maintained our basic, long-term commitment to free trade and
economic growth.

So, with my meeting with Prime Minister Nakasone and the Venice
economic summit coming up, it’s terribly important not to restrict a
President’s options in such trade dealings with foreign governments.
Unfortunately, some in the Congress are trying to do exactly that. I’ll
keep you informed on this dangerous legislation, because it’s just
another form of protectionism and I may need your help to stop it.
Remember, America’s jobs and growth are at stake.

Until next week, thanks for listening, and God bless you.

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

Gold Analysis for Today with tradeCompass (October 24, 2025)

The Bigger Picture for Gold Prices: Structural Demand Shift

Major institutions are turning increasingly bullish on gold, positioning it as a core strategic asset rather than a short-term inflation hedge. JPMorgan projects that gold prices could double by 2028, driven by a global rotation from bonds to hard assets as traditional hedges lose reliability.
Meanwhile, Goldman Sachs stands firm on its $4,900 forecast, citing strong central-bank accumulation and likely rate cuts in 2026.
Takeaway: Gold’s narrative is evolving — from crisis protection to long-term portfolio diversification.

The Technical View for Gold: Market Behavior Matters

Despite recent volatility, gold’s broader structure remains intact. As noted in Greg Michalowski’s technical analysis, gold fell nearly 9%, testing the $4,000 zone before rebounding sharply. It later gained about $50 (1.2%) to $4,147, confirming that the $3,955–$4,000 range remains strong support while $4,200 acts as near-term resistance.
Takeaway: Price structure is consolidating, not collapsing — bulls continue to defend key levels.

Bridging Fundamentals and Technicals for Gold Investors and Traders

Institutional conviction and technical resilience now align. With JPMorgan and Goldman reaffirming long-term bullish outlooks even after corrections, dips are increasingly viewed as opportunities. However, traders are watching inflation data closely, as Giuseppe Dellamotta’s CPI preview notes that a hotter CPI could delay rate cuts and pressure gold temporarily.

Gold Price Key Levels and Catalysts

Support: $4,000 and $3,955
Resistance: $4,090–$4,200
Catalysts: Inflation data, Fed tone, and central-bank gold demand.
For investors, these levels align with strategic accumulation; for traders, confirmation beyond thresholds remains key before taking new positions.

tradeCompass Map for Gold Traders Today

Gold futures (reminder: tradeCompass always looks at the futures contracts!) currently trade at $4,125.5, just below our bearish threshold at $4,127.5 — yesterday’s value area low. Price is near today’s session low ($4,121.2), where short-term traders may begin covering profitable shorts and scalpers may attempt to build long positions on a potential double bottom.

This is where tradeCompass helps: we look for sustained price behavior — not just quick spikes — beyond the bullish or bearish thresholds before acting. Many traders wait roughly 15 minutes to confirm that momentum holds before entering.

If the bearish threshold activates and price sustains below it:

• Partial Profit 1: $4,111.4 — near the value area high from two days ago.

• Partial Profit 2: $4,095.5 — above the VWAP from October 22.

• Partial Profit 3: $4,068.8 — aligns with a liquidity pocket from midweek.

• Partial Profit 4: $4,037.8 — horizon view for today’s compass.

If price instead reverses above $4,152, the bullish premise engages:

• Partial Profit 1: $4,159

• Partial Profit 2: $4,166

• Partial Profit 3: $4,200 — key round number and prior liquidity zone.

• Partial Profit 4: $4,220 — near the VWAP of October 21.

For deeper swing setups, visit InvestingLive.com (formerly ForexLive) for extended tradeCompass horizons.

tradeCompass Risk Management

We’ll move the stop to the entry after the first profit target — not the second — since the early levels are relatively close and may face short-term reversals. This defensive tactic helps protect profits while keeping flexibility.

Educational Insight: Liquidity Pools & Partial Profits

Liquidity pools are areas where a concentration of stop orders, pending entries, or large resting orders exist. Price often gravitates to these zones because market makers and algorithms seek liquidity to fill large positions.
Taking partial profits at these points helps lock in gains while reducing exposure , a key discipline for day traders facing unpredictable intraday reversals.

(This analysis is provided by investingLive.com, formerly ForexLive.com for educational purposes and decision support, not financial advice. Trade and invest responsibly.)

This article was written by Itai Levitan at investinglive.com.

Japan finmin Katayama:

• Important that the Bank of Japan’s monetary policy aligns with the government’s basic policy
• Necessary to maintain close communication between BoJ and government
• BOJ’s Ueda himself has emphasised importance of maintaining an accommodative monetary environment
• Based on this, I do not believe it is a situation that requires me to make any particular comment on BoJ policy
• spoke with Bessent for about 15 minutes on the phone
• Told Bessent she wants to tackle various issues
• Will meet Trump and Bessent next week

This article was written by Eamonn Sheridan at investinglive.com.