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The US Dollar (USD) failed to extend its recovery despite the positive start to the day, eventually receding modestly amid the steady lack of progress around any shutdown deal and a persistent risk-off environment.
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Gold steadies above $4,100 as Powell strikes neutral-dovish tone
Gold price edges up during the North American session, yet trades below the all-time high of $4,179 reached earlier on Tuesday as investors digest Federal Reserve (Fed) Chair Jerome Powell’s speech. -
Trump: I’m unhappy with Spain, thinking about trade punishment
Trump has been trying to arm-twist Spain into spending more on defense.
That came after Spanish Prime Minister Pedro Sanchez said he would not commit to the 5% NATO target, calling it “incompatible with our welfare state and our world vision,” while committing to 2.1%.
This article was written by Adam Button at investinglive.com.
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NZD/USD Price Forecast: Downtrend persist after hitting six-month low
The New Zealand Dollar trims some of its earlier losses, as the Greenback turns negative on the day sponsored by the escalation of trade tensions between Washington and Beijing and Fed Chair Jerome Powell slightly dovish remarks. The NZD/USD trades at 0.5718, down 0.14%. -
Social Security COLA for 2026: Agency confirms when to expect announcement
Millions of Social Security beneficiaries will find out on Oct. 24 how much their monthly payments will increase in 2026 due to the government shutdown. -
CME announces first trades on options on Solana and XRP futures
Would have been nice to have those puts on Friday!
What an insane weekend it was. I was saddened to read all the posts from traders who were crushed. I also didn’t understand how Cryto.com CEO Kris Marszalek was calling for regulation afterwards. That’s not what people signed up for.
Regulators should look into the exchanges that had most liquidations in the last 24h and conduct a thorough review of fairness of practices. Any of them slowing down to a halt, effectively not allowing people to trade? Were all trades priced correctly and in line with indexes? What’s the setup for trade monitoring and AML programs? Are their internal trading teams fully Chinese-walled? $20B in liquidations, a lot of users got hurt. The job of regulatory bodies is to protect the consumers and assure market integrity.
This whole thing is going to end up the same way as the stock market did except none of it is funding startup companies.
This article was written by Adam Button at investinglive.com.
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Trump shutdown firings touch bipartisan priorities: Not just ‘Democrat Agencies’
Republican Sens. Susan Collins and Lisa Murkowski have spoken out against the firings by the Trump administration. -
USDCAD tests support. Corrective move returns to the “break point”. Buyers lean.
The USDCAD made a notable break higher earlier today, pushing above a key swing area between 1.4010 and 1.4026. Within that zone lies the 38.2% retracement of the 2025 trading range at 1.40212 — a level that acted as resistance last week but ultimately gave way. This week, buyers reclaimed control, driving the pair up to a session high of 1.4079 before dollar selling prompted a pullback.
That correction, however, found support near 1.4029, holding just above the top of the broken swing area and roughly 8 pips above the 38.2% retracement level. The pair has since rebounded modestly, trading around 1.4040.
The same story remains in play as noted in the earlier [see earlier post by clicking here] — the 1.4010–1.4026 zone now defines the risk for buyers. Staying above keeps the bullish bias intact and supports a potential push back toward the week’s highs. Conversely, a move back below that zone would represent a failed breakout, likely leading to buyer disappointment and a shift back toward a more neutral or bearish tone.
This article was written by Greg Michalowski at investinglive.com.
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Dow Jones Industrial Average rebounds as investors shake off trade tensions
The Dow Jones Industrial Average (DJIA) gained ground on Tuesday after a tumultuous late start to the new trading week for US equity markets. -
Meta removes Facebook page allegedly used to target ICE agents after pressure from DOJ
Meta removed a Facebook group page that was allegedly used to “dox and target” U.S. ICE agents in Chicago after being contacted by Department of Justice.
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