More from Fed’s Collins: Inflation continues to be top of mind
more to come
This article was written by Eamonn Sheridan at investinglive.com.
more to come
This article was written by Eamonn Sheridan at investinglive.com.
This is dovish but the market mover right now is Trump’s fresh attack on China.
This article was written by Adam Button at investinglive.com.
Here we go again:
Trump’s tweet:
I believe that China purposefully not buying our Soybeans, and causing difficulty for our Soybean Farmers, is an Economically Hostile Act. We are considering terminating business with China having to do with Cooking Oil, and other elements of Trade, as retribution. As an example, we can easily produce Cooking Oil ourselves, we don’t need to purchase it from China.
Now we’re fighting over cooking oil?
This article was written by Adam Button at investinglive.com.
This is certainly the chart of the day. The Russell 2000 is far outpacing other US major indexes today after strong earnings from Wells Fargo. That has the financials-heavy Russell 2000 up almost 2% on the day but — more importantly — its at a record high and breaking above the major double top from 2021 and 2024.
This article was written by Adam Button at investinglive.com.
There is one area where everyone seems to agree:
In a speech on CCTV today, Chinese Premier Li Qiang said China should be “continuously forming new growth points for expanding domestic demand.” He also doubled down on a crackdown on curbing ‘disorderly competition’. That last line has boosted optimism in Chinese stocks but risks creating global inflation.
This article was written by Adam Button at investinglive.com.
The USDCHF moved lower during Fed Chair Powell’s Q&A session, extending a decline that began earlier in the day when the pair fell back below its 100-hour moving average (blue line) at 0.80327. That drop also pushed the price under a swing area between 0.8017 and 0.80233, which in turn opened the door for a retest of the 200-hour moving average.
Recall that late Friday, the pair tumbled sharply following the U.S.–China tariff headlines, breaking below the 200-hour MA for the first time in weeks. On Monday, the market staged a brief rebound after President Trump softened some of his weekend remarks, but upside momentum faded as sellers reasserted control.
Looking ahead, the 200-hour moving average, the 50% retracement level, and the natural resistance near 0.8000 form a critical downside pivot zone. A decisive move below and sustained break through this area would strengthen the bearish bias, exposing support targets at 0.7986 followed by the broken 38.2% retracement at 0.79588.
Conversely, if buyers can once again defend this zone, it would signal another hold of key support, keeping the pair confined to its broader consolidation range.
This article was written by Greg Michalowski at investinglive.com.
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