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The US Dollar (USD) remains well supported as it extends this week’s postFOMC gains with broad strength against all of the G10 currencies with the exception of JPY, Scotiabank’s Chief FX Strategists Shaun Osborne and Eric Theoret report.

• Oil rigs up 2
• Natural gas rigs up 1

I guess $62 oil isn’t enough to stop the drilling. Word is that Exxon is the only company really spending this year.

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

The Utah-based company ranks No. 2 among the top U.S. sellers on Amazon’s third-party marketplace.

Early signs of iPhone 17 demand, coupled with upbeat remarks from Apple CEO Tim Cook himself, show that analysts ought to raise their estimates.

Federal Reserve Governor Stephen Miran spoke on CNBC’s “Money Movers” on Friday.

AI and Nvidia’s stock success have made the chip sector one of the market’s most closely watched. There’s an increasing number of ways to invest with ETFs.

President Donald Trump and Chinese leader Xi Jinping held a much-anticipated call aimed at finalizing a deal to keep TikTok from going dark in the U.S.

Canada’s Trade Mininister Dominic LeBlanc said expects to go to Washington, DC for trade talks in the next two weeks.

That comment helped to lift the Canadian dollar in today’s North American session. USD/CAD is down 23 pips to 1.3768 and that has the loonies as the top performing G10 currency today.

In the past week, Canada has dropped some tariffs and trade actions in what could be a sign that officials think a deal is possible. Retaliatory tariffs were dropped last month and a court fight over lumber tariffs was also shelved. Canadian steel and aluminum producers are suffering at the moment from high tariffs while farmers have been hit hard be Chinese retaliatory tariffs after Canada blocked Chinese auto imports to align with the US.

This week, Prime Minister Mark Carney was in Mexico to sign a “strategic comprehensive partnership” pact at deepening trade and investment. Both countries said said they would improve trade infrastructure
including ports, rail and energy corridors and invest and trade more in
areas including energy, critical minerals and agriculture.

As for the USD/CAD chart, it looks to me like a head-and-shoulders top could be shaping up. A break of the neckline would target a return to the summer lows.

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

The Investing Club holds its “Morning Meeting” every weekday at 10:20 a.m. ET.

The The New York Fed Staff Nowcast for 2025:Q3 is now 2.10%, which is fractionally higher than 2.08% last week. The Philly and Empire Fed surveys essentially cancelled each other out while the retail sales numbers added a slight lift.

The advance reading on Q3 isn’t due until Oct 30 so there is much data to come before we get anything close to a real consensus.

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