News

Republican Sens. Susan Collins and Lisa Murkowski have spoken out against the firings by the Trump administration.

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.

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 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.

The asset manager’s fee growth was the star of the show, thanks to its push into areas beyond stocks and bonds.

There’s a sharp divide between what Gen Z values and what hiring managers are actually looking for, according to new research. CEO and Harvard-trained career expert Suzy Welch shares her advice for an “unemployable” generation.

OpenAI is building a full AI ecosystem, as Apple did for smartphones and Microsoft did for PCs.

New JPMorgan data shows how different Americans in different income brackets perceive the economy.

Bank of England (BoE) Governor Andrew Bailey spoke at a fireside chat at the Institute of International Finance Annual Membership Meeting in Washington, DC. In the speech, Bailey claimed that today’s labor market data backs his view of a softening labor market.

There is an interesting article in The Telegraph that cites some western executives who have toured Chinese factories recently.

They also quoted a statistic that I think might be the most-important one in the world: China added 295K robots last year, the US added 34,000.

Fortescue Metals Group President Andrew Forrest:

“I can take you to factories [in China] now, where you’ll basically
be alongside a big conveyor and the machines come out of the floor and
begin to assemble parts,” he says.

“And you’re walking alongside
this conveyor, and after about 800, 900 metres, a truck drives out.
There are no people – everything is robotic.”

Greg Jackson, the boss of British energy
supplier Octopus.

“We visited a dark factory producing some astronomical number of
mobile phones”

“The process was so heavily automated that there
were no workers on the manufacturing side, just a small number who were
there to ensure the plant was working.

“You get this sense of a
change, where China’s competitiveness has gone from being about
government subsidies and low wages to a tremendous number of highly
skilled, educated engineers who are innovating like mad.”

Ford CEO Jim Farley from July:

“It’s the most humbling thing I’ve ever seen.”

“Their cost and the quality of their vehicles is far superior to what I see in the West.”

“We are in a global competition with China, and it’s not just EVs. And if we lose this, we do not have a future at Ford.”

There is a good chance the battle is already lost

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