The USDCAD technical picture remains largely unchanged. On Monday, the pair pushed above the 38.2% retracement of the 2025 trading range and also broke above a key swing area between 1.40106 and 1.40268. Since then, the price has held above that zone, keeping buyers in control of the short-term bias.However, upside momentum has been capped, with the Tuesday high at 1.40798 marking the current ceiling. Stronger resistance lies ahead between 1.4149 and 1.4183, an area that also includes the 50% midpoint of the 2025 range.For now, the market is in a tug-of-war between buyers defending support and sellers leaning on resistance. A break below 1.4010 would likely disappoint buyers and shift short-term control back to the sellers. Conversely, a move above 1.40798 could unlock fresh upside momentum and target the next resistance cluster near 1.4150–1.4183. This article was written by Greg Michalowski at investinglive.com. 🔗 Read Full Article 💡 DMK Insight The USDCAD pair is like that reliable friend who shows up just when you need them—hovering above the 38.2% retracement and holding steady in a key swing area. This stability signals that buyers are still in the driver’s seat, which could offer a sense of security for traders looking for a foothold in these choppy waters. But let’s not get too cozy; the market can be as unpredictable as a cat on a hot tin roof. In the end, it’s a reminder that while short-term gains are nice, keeping an eye on the broader trends is essential for long-term success. 📮 Takeaway In a market where stability is a rare commodity, USDCAD’s current hold offers a glimmer of hope for cautious traders.

Gold has run into some heavy selling after the US equity open, with prices falling $100.The selling accelerated after the break of yesterday’s low of $4278.There is no clear catalyst for the drop but gold is extremely technically overbought and there may be some market participants looking to take profits ahead of the weekend.It’s way too early to say that gold’s parabolic move has busted. I’d imagine there will be plentiful buyers on dips at $4000 with perhaps some earlier support at $4090. I’ve been repeatedly surprised at how shallow dips have been in this incredible run up. This article was written by Adam Button at investinglive.com. 🔗 Read Full Article 💡 DMK Insight Gold's recent tumble of $100 is a stark reminder that even the shiniest assets can lose their luster when traders decide it's time to cash in. The absence of a clear trigger for this sell-off suggests a classic case of profit-taking, especially after a prolonged rally that had many feeling like they were sitting on a golden throne. It’s a lesson in the fickle nature of markets—what goes up can come down faster than you can say “inflation hedge.” For investors, this might be the moment to reassess their glittering holdings and remember that even gold can tarnish when the profit-taking urge strikes. 📮 Takeaway In the world of trading, even gold can lose its shine when profit-taking kicks in.

Sector Overview: Winners and LosersConsumer Cyclical & Automotives 🚗: Tesla (TSLA) surged by 2.06%, highlighting robust gains in the automotive sector. This boost suggests bolstered investor confidence, possibly due to optimism around sustainable vehicle sales or recent positive announcements.Technology 📉: In the semiconductor space, Broadcom (AVGO) fell by 2.12%, marking a significant sector decline. Despite this dip, Nvidia (NVDA) gained 0.72%, signaling resilience amid broader pressure.Healthcare 💊: Eli Lilly (LLY) witnessed a notable drop of 2.41%, urging caution as investors react to market forces or sector-specific developments. This sector marked one of today’s biggest losses.Financials 💰: Increasing trends in payment systems as Mastercard (MA) climbed 1.61%, alongside Visa (V), which is up by 1.39%, showcasing strength in credit services.Utilities & Energy 💡: Exxon Mobil (XOM) increased by 1.21%, driven by stable energy prices and optimism about future prospects.Market Mood and TrendsToday’s market displays a mixed sentiment as investors navigate through sector-specific movements. While some sectors like consumer cyclicals and credit services show promising growth, healthcare and specific technology stocks are dragging behind. The overall mood signals cautious optimism, underscored by volatile responses to recent corporate announcements and macroeconomic policies.Strategic RecommendationsInvestors should adopt a balanced approach by diversifying across thriving industries like automotive and credit services while closely monitoring the semiconductor and healthcare sectors for potential buying opportunities. Revisiting portfolio allocations in light of recent energy sector strength could also be advantageous.Stay updated with market analytics and adjust your strategies at InvestingLive.com for continuous insights and opportunities. 📊🔍 This article was written by Itai Levitan at investinglive.com. 🔗 Read Full Article 💡 DMK Insight In the rollercoaster world of stocks, Tesla's recent surge is a breath of fresh air for investors, signaling that the electric vehicle dream is still very much alive. Meanwhile, Broadcom's dip reminds us that even tech giants can stumble, especially when the market's mood swings like a pendulum. It’s a classic case of “what goes up must come down,” but for those keeping an eye on the automotive sector, it’s a hopeful reminder that innovation can still drive growth. So, buckle up, because the road ahead is anything but predictable. 📮 Takeaway In a market of highs and lows, Tesla's rise offers a glimmer of hope while Broadcom's fall serves as a cautionary tale—stay alert, investors!

Earlier today, the EURUSD pushed higher, making a strong test of a key resistance level: the 50% midpoint of the September high-to-October low range. This level is located at 1.17297, and the high of the day came in just shy of it at 1.17285.Following this resistance test, steady selling pressure entered the market. The subsequent move to the downside first tested an intermediate swing area between 1.1680 and 1.1685, which also contains the 38.2% retracement of the aforementioned range.The price action continued lower, moving toward another critical support zone defined by the swing area of 1.16449 to 1.16596. Crucially, the 100-day Moving Average (MA) sits right within this zone at 1.16484.Buyers have actively defended this lower area, with the low reaching 1.1657—holding above the 100-day MA. This defense has led to a modest bounce, and the pair is currently trading near 1.1663.OutlookFor Sellers: Control requires a decisive break and close below the 100-day Moving Average (1.16484).For Buyers: Dip buyers will continue to use the 100-day MA as a floor for a potential rotation back toward the 38.2% retracement/swing area (1.1680-1.1685).The 50% midpoint (1.17297) remains the absolute key barometer and defining hurdle for any sustained breakout to the topside. This article was written by Greg Michalowski at investinglive.com. 🔗 Read Full Article 💡 DMK Insight The EURUSD's flirtation with that 1.17297 resistance level is like watching a high-stakes poker game—one moment of hesitation, and the whole table could flip. Traders are clearly feeling the pressure, as the near-miss at the resistance suggests a market still grappling with uncertainty. It’s a reminder that while the currency pair may be strutting its stuff, the underlying volatility is just waiting to pounce. For investors, this dance between resistance and selling pressure signals that caution is still the name of the game—no one wants to be the last one holding the chips when the music stops. 📮 Takeaway In the currency market, a near-miss at resistance is often a sign to tread carefully—uncertainty is still lurking.

The latest Atlanta Fed GDPNow model for Q4 is at 3.9%, up from 3.8%. The problem with the model is that it depends on economic data and we’re not getting much of it now, so everyone is pretty much flying blind. They did pick up some dribs and drabs.”After yesterday’s monthly treasury statement report from the Treasury’s Bureau of the Fiscal Service, the nowcasts of third-quarter real personal consumption expenditures growth and real gross private domestic investment growth increased from 3.2 percent and 4.0 percent, respectively, to 3.3 percent and 4.4 percent, while the nowcast of third-quarter real government expenditures growth decreased from 1.8 percent to 1.5 percent.”The next update isn’t scheduled until Oct 27 and hopefully we have some real data by then. This article was written by Adam Button at investinglive.com. 🔗 Read Full Article 💡 DMK Insight The Atlanta Fed’s GDPNow model nudging up to 3.9% is like a weather forecast predicting sunshine while the skies are still cloudy—promising, but not exactly reliable. With economic data trickling in like molasses, traders are left squinting into the fog, trying to make sense of a landscape that feels more like guesswork than guidance. It’s a reminder that in the world of finance, optimism can sometimes be a double-edged sword; we might be on the brink of a sunny quarter, or we could just be setting ourselves up for a rainy surprise. 📮 Takeaway In uncertain times, a glimmer of growth can be both a beacon of hope and a potential mirage—stay cautious.

BOE’s Greene is speaking and says: Core and services inflation are going sideways.Indications are in disinflation process is slowing. Concerned about second-round effects of inflationFirms more sensitive to upside inflation surprises.Policy not meaningfully restrictiveShould slow down rate cutting cycleSlack has opened up in the labor market making wage part of wage price spiral less likely. Latest rising UK unemployment is in line with what we were expecting.We should not cut rates every quarter, but rate cutting cycle not over.The cautionary comments point to more steady policy with still a downside in rate bias. This article was written by Greg Michalowski at investinglive.com. 🔗 Read Full Article 💡 DMK Insight The Bank of England's Greene is painting a picture that feels all too familiar—core inflation and services are stuck in a holding pattern, like a bad sitcom that just won’t end. With disinflation losing steam and firms bracing for inflation surprises, it’s clear that the monetary policy party isn’t quite ready to call it a night. The labor market's newfound slack might sound like good news for wage earners, but for traders, it signals a cautious approach ahead. In a twist, it seems the BOE is more concerned about inflation's sequel than the original plot, reminding us that sometimes, the sequel is worse than the first. 📮 Takeaway As inflation dynamics shift, traders should brace for a longer, more cautious rate-cutting cycle.

The Fed’s Musalem:I could support a path with another cut if more risk to jobs emerge and inflation remains containedFed should not be on a preset course, and followed balance approachSees limited space before rate cuts would make policy accomodativeImportant for the Fed to be cautious right nowDoes not make decisions on one data point amid broader shutdown.Important for the Fed to go meeting by meeting on policy deliberationWeare in a particulary uncertain momentIt is premature what to say comes with FOMC meetings after OctoberTariff impact still flowing into the economyTariffs will work through the economy into the middle of next yearRetailer are feeling increased pressure to pass on tariffsConsumers facing firms facing more trouble passing throuh tariffsPurchasing power still an issue for many AmericansInflation is still a very big thing for consumers it is really important for the Fed to get inflation back to 2%.Some are saying non-interest rate related costs matter more right now.Tariffs don’t appear to be passing through to services.Services inflation has been at high level, need more work to lower.He is totally committed to a target of 2%, believes Fed supports the same.By 2nd half of 2026 will move back toward 2% inflation, but needs policy to lean against inflation.Business contacts say that the jobs market has cooled.Labor market is not a source of inflation. The job market is near full employment right now.Job gains have been affected by immigration changesjob market breakeven is between 30,000 and 80,000.We could see negative payroll prints but unemployment may not move.It is not seeing any increase in layoffs.We are not in imminent problem for job market but risks have increased.Monetary policy is somewhere between restrictive and neutral.Financial conditions are accommodative right nowEquity prices are not a key part of thinking about the economy.He always have to worry about credit market risks.Credit conditions are really good now.Low probability that the Fed leader will not be qualified This article was written by Greg Michalowski at investinglive.com. 🔗 Read Full Article 💡 DMK Insight In a world where central banks often seem like they’re playing a high-stakes game of Jenga, the Fed's Musalem is advocating for a careful, measured approach—think of it as a financial tightrope walk. With the job market hanging in the balance and inflation behaving itself, the Fed is right to avoid any knee-jerk reactions. It’s a delicate dance, and while traders might be itching for clarity, the reality is that a cautious Fed is a sign of a maturing economy, not a stalling one. So, let’s keep our eyes peeled; the next move could be a subtle nudge rather than a bold leap. 📮 Takeaway A cautious Fed signals maturity in the economy, reminding us that sometimes, slow and steady wins the race.