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Siegel told CNBC’s “Squawk Box” that the U.S. should create a rare earth minerals reserve as rising trade tensions threaten global supply chains.
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‘Long and painful nightmare’ is over, Trump says, on historic day for the Middle East
Trump arrived in Tel Aviv earlier Monday to mark the release of Israeli hostages by Hamas after more than two years in captivity. -
Sunset Market Commentary
Markets Tensions between the US and China eased over the weekend after Friday evening’s dramatic turn of events in which US President Trump slapped China with an additional 100% tariff from November 1st over export restrictions for rare earth commodities. Vice-president JD Vance and Trump later indicated that negotiations are ongoing. US Treasury Secretary Bessent, […]
The post Sunset Market Commentary appeared first on Action Forex.
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Silver trades to a new record high
Silver prices are surging, up $1.77 (3.53%) on the day to $51.92, after touching a new record high of $52.02.
Looking at the chart, the corrective lows have been consistently supported by an upward-sloping trendline that has guided the move higher since mid-September. While the price has occasionally dipped below the 100-hour moving average (currently at $49.45), it has not fallen below the 200-hour moving average (now at $48.55) since the last major rally — a sign that buyers continue to defend key support levels.
For sellers to gain more control, they would need to push and hold the price below both moving averages and the rising trendline.
Another key reference point is $49.83, the previous all-time high from 2011. A sustained move below that level would shift focus back toward the moving averages and trendline support, signaling a possible change in the bullish momentum.
This article was written by Greg Michalowski at investinglive.com.
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The U.S. has stepped in with an extraordinary bailout of Argentina. Here’s what it means
The Treasury Department has extended a financial lifetime to Argentina in apparent hopes of heading off an emerging market financial crisis. -
Fastenal’s (FAST) accelerated rally stalls: Back to reality?
Fastenal Company (FAST), the industrial distribution giant supplying everything from fasteners to safety equipment, just delivered a textbook technical setup—and now we’re at the moment that separates patient traders from nervous ones. -
GBP/JPY Daily Outlook
Daily Pivots: (S1) 201.30; (P) 202.53; (R1) 203.20; More… Intraday bias in GBP/JPY remains neutral and more consolidations could be seen. With 201.24 resistance turned support intact, further rally is still in favor. Break of 205.30 will target 61.8% projection of 184.35 to 199.96 from 197.47 at 207.11. However, firm break of 201.24 will confirm […]
The post GBP/JPY Daily Outlook appeared first on Action Forex.
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Israeli defense minister Katz: Any delay in releasing bodies will be a gross violation
Israeli defense minister Katz is on X saying:
That did not take long.
Do you want peace? Can it happen?
This article was written by Greg Michalowski at investinglive.com.
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USDCAD technicals: The USDCAD is trading at highs for day & testing topside resistance
The USDCAD is trading higher and setting new session highs, bringing the pair back into a key swing area between 1.4010 and 1.40268.
Within that zone sits the 38.2% retracement of the move down from the early February high, coming in at 1.40212. Last week, the price briefly pushed above this area on two separate four-hour bars but failed to sustain momentum on either attempt.
The question now is whether the third time will be the charm. A clean break above 1.40268 could open the door for renewed upside momentum and a potential acceleration higher.
On the flip side, if sellers once again defend the area, the downside levels to watch include 1.3986 (the high from two weeks ago) and 1.39702 (last week’s pre-breakout high).
A move below those levels would likely trigger additional selling pressure, with the 200-day moving average at 1.3950 serving as the next key support target.
This article was written by Greg Michalowski at investinglive.com.
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