News

Follow the latest analyses and key economic, financial, and global market news in this section. Our team reviews the most important market events daily and provides comprehensive insights for traders and enthusiasts.

  • Trump’s disapproval rating is at the highest of either term

    US midterm elections are now less than one year away on November 3, 2026 and Trump is getting some bad news.

    The latest poll from CNN/SSRS shows Trump’s disapproval rating is at 63%. That’s the highest of either term and — incredibly — one point above his previous high of 62% as he was leaving office in January 2021 following the Capitol riots.

    For Trump that’s a tough look despite records in the stock market and a decent jobs market. If anything goes wrong in either of those, it could get ugly. Here’s how Fox Business’ Charlie Gasparino sees it:

    The weak underbelly of the Trump presidency is what the tariffs are doing to working class voters who don’t speculated in markets. There is some latent inflation—prices for basic goods remain elevated and the tariffs make them sticky on the upside. Employment gains are good but not great. AI productivity helps but they carry wicked short term risks in terms of unemployment. For Trump, this needs to get sorted before the midterms

    At the same time, it’s not as dire for Republicans as it sounds because Democrats also have terrible numbers. They have a 5-point advantage on the generic ballot but that’s well short of the 11 point edge they had at this point in the 2018 midterms — when they took the House from Republicans.

    In any case, it’s all somewhat prescient today as New Yorkers vote today in a contest that features a candidate with a different vision for the Democratic party.

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

  • USDCAD technicals: USDCAD stretches to new highs going back to April.

    The USDCAD continues to push higher, extending beyond the October high at 1.40791 and breaking through the swing area between 1.4060 and 1.40668. This move marks a meaningful shift in momentum, as buyers have been able to sustain strength and force a clean break above what had been a key technical barrier throughout the month. The support down to 1.4060 is now a key support that needs ot hold to keep the bias to the upside in the short term. It is now the line in the sand for bullish control. Staying above it keeps the breakout intact and maintains buyer confidence; slipping back below would raise the risk of a failed break and potential corrective move lower.

    In the video above, I discuss this breakout dynamic in greater detail and outline the next key upside targets that traders will be watching closely. If the pair can continue to build value above the former highs, it would signal that buyers are firmly in command and open the door for further bullish extension toward higher technical levels on the chart. Conversely, failure to hold above the breakout zone would dampen the bullish tone and likely invite profit-taking or renewed selling pressure. For now, though, the momentum remains with the buyers, and the 1.4060–1.4068 region stands as the key barometer for maintaining that positive bias.

    This article was written by Greg Michalowski at investinglive.com.

  • The coppper market keeps getting tighter

    Copper prices are continuing to correct after hitting a record high last week but there are bullish signs on the horizon.

    The world’s largest copper producer is Chile’s Codelco reported earnings today of $607 million through the first nine months of the year and the CEO said he’s optimistic about prices. One of the big reasons is that major mines keep underproducing. A devastating accident at Freeport’s Grasberg mine (the largest in the world) will keep much of its production offline next year and at Codelco’s El Teniente mine an accident on July 31 caused a halt that the company said will take three years to normalize. In Africa, Ivanoe’s flagship mine had seismic problems and the massive Cobre Panama mine remains shuttered after protests.

    The even bigger problem might be the lack of quality grades and discoveries. Codelco is struggling to keep production high and now sees this year’s production at 1.31-1.34m metric tons from 1.34-1.37m metric tons previously. At Teck’s nearby QB2 mine, it’s turning into something of a disaster as grades and production disappoint after a 10-year investment cycle to build it.

    Now zoom out and let’s look at Codelco as a symptom of a bigger problem. It’s the world’s largest copper producer and copper prices are at record highs. Its earnings are $607 million over nine months! That’s nothing compared to the money that’s being thrown around and earned in tech and AI. Why would you spend a decade building a copper mine to earn these kinds of profits when you can spin up and pump a tech company?

    So what happens? Underinvestment and that’s already been happening for a decade.

    The irony is that copper is the critical underpinning of everything that’s needed for AI, electricity growth and robotics. For next year, Goldman Sachs thinks the balances are slightly oversupplied but this will eventually come to a head.

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

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