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Student loan borrowers who are behind on their payments will be pushed into default in coming months, says Moody’s Analytics economist Justin Begley.
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GBP/USD climbs as Bessent softens US stance, Powell’s dovish tilt
The Pound Sterling recovers some ground, advances 0.60% on Wednesday during the North American session as Sino-US tensions eased on comments of US Treasury Secretary Scott Bessent. The GBP/USD trades at 1.3396 after bouncing off daily lows of 1.3309. -
Nuclear stocks surge after U.S. Army launches program to deploy small reactors
AI power demand and Trump’s executive orders have fuelled a wave of market enthusiasm about nuclear power. -
Cable springs to a five-day high
There is a particularly strong bid in cable in the past hour or so as the US dollar slumps.
It’s not clear what’s behind the move as there are no obvious headlines. We’re starting to see some selling in US equities and broadly in the US dollar. Oil prices are now down on the day and that could have the market thinking that the Fed will have more space to cut.
Between the trade war with China and US government shutdown, there are some negative risks to the US dollar that aren’t evident in Europe and the UK.
This article was written by Adam Button at investinglive.com.
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Fed’s Miran sees China trade tensions as a further reason for quick interest rate cuts
Miran said the latest impasse in trade talks between the U.S. and China poses new dangers to the economic outlook. -
AUDUSD technicals: The 100 hour MA target stalls the rally on the first look. What now?
The AUDUSD experienced a volatile session yesterday, marked by a sharp down-then-up reversal as traders reacted to shifting macro headlines and shifting sentiment. Early in the Asian and European sessions, the pair came under strong selling pressure amid renewed trade war concerns between the U.S. and China, with risk appetite fading and commodity-linked currencies broadly on the defensive. The downward momentum drove the pair lower, but the tone shifted dramatically once the North American session began.
As the U.S. dollar weakened following dovish-like remarks from Fed Chair Powell, the AUDUSD found a footing and began to recover. Buyers stepped in near key intraday support, helping the pair rebound and ultimately push above the 0.6481 swing level, a zone previously flagged as an important technical pivot. The subsequent retest of that level confirmed support, as buyers defended the breakout and built a base for today’s continued move higher.
The rally extended to yesterday’s high and into the path of the falling 100-hour moving average, currently near 0.6516. That technical barrier attracted fresh selling interest, leading to a modest pullback. The price action has since consolidated between resistance at the 100-hour MA and support from a nearby swing area between 0.6500 and 0.65046.
At this juncture, the market has effectively defined its battle lines — with short-term direction hinging on which side breaks first. A sustained move above the 100-hour MA would invite further upside momentum, with traders eyeing deeper retracement targets from the recent decline. Conversely, a break below 0.6500 would signal buyer fatigue and could tilt momentum back toward the downside. For now, the pair sits in technical limbo, with traders awaiting the next catalyst to shove the AUDUSD out of its current standoff.
This article was written by Greg Michalowski at investinglive.com.
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S&P 500 Inside Day after another TACO trade
After Friday’s 2.7% tariff-induced S&P 500 crash and Monday’s 1.3% recovery, traders are asking if it’s safe to re-enter the market. Monday’s “inside day” pattern—where the entire session traded within Friday’s range—signals market indecision despite the fierce bounce. -
AUD/USD rises as RBA flags inflation risks, Fed dovishness weighs on USD
AUD/USD advances by 0.40% to trade around 0.6510 on Wednesday at the time of writing. The Australian Dollar (AUD) gains ground after Sarah Hunter, Assistant Governor of the Reserve Bank of Australia (RBA), warned on Wednesday that inflation risks in the economy remain tilted to the upside. -
USD/JPY Eases Further on Rate Cut Expectations But Key Supports Still Hold
USDJPY fell further on Wednesday as dovish remarks from Fed Powell added to expectations for Fed rate cuts in October and December and kept the dollar at the back foot. Fresh bears hit one week low but faced strong headwinds at initial support at 150.90 (rising 10DMA / former top of Aug 1), guarding more […]
The post USD/JPY Eases Further on Rate Cut Expectations But Key Supports Still Hold appeared first on Action Forex.
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Walmart deploys millions of new sensors in retail’s first large-scale deployment of IoT tech
Walmart is deploying millions of ambient Internet of Things battery-free sensors throughout its U.S. supply chain to enhance services and add efficiencies.
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