There are some signs of progress on the US government shutdown and I’m optimistic it will end on the weekend but for now we wait. That means that a second non-farm payrolls report is going to be missed, leaving the Fed and markets with a big blind spot at a critical time.S&P 500 futures are down 0.5% as tech stocks struggle. Part of that is a report saying the US is blocking chip exports to China. The rally in NVDA late last month was at least partly due to reports that the Trump admin would drop some chip-selling restrictions. NVDA is down 1.3% in the pre-market.The highlight on the economic calendar today is the Canadian jobs report, which is likely to show a hangover from the +60.4K reading last month. The consensus is -2.5K with unemployment steady at 7.1%.Later, we get the November US consumer sentiment report from The Conference Board. This article was written by Adam Button at investinglive.com. 🔗 Source 💡 DMK Insight The potential end of the US government shutdown could shift market sentiment significantly this weekend. If lawmakers reach an agreement, expect a surge in risk appetite, particularly in equities and commodities, as traders will be looking for clarity on economic indicators like non-farm payrolls. Missing this report leaves a gap in the Fed’s data-driven decision-making, which could lead to increased volatility in the forex markets, especially for USD pairs. Keep an eye on how this plays out, as any positive news could push the S&P 500 above key resistance levels, while negative sentiment might lead to a flight to safety in assets like gold or the Japanese yen. The real story is how traders react to this uncertainty—are they positioning for a rebound or bracing for more turbulence? Watch for any announcements over the weekend that could impact market open on Monday, particularly in the context of the Fed’s upcoming meetings and economic outlook. 📮 Takeaway Monitor the weekend developments on the government shutdown; a resolution could boost equities and weaken the dollar, impacting USD pairs significantly.

Prior was +60.4Unemployment rate 6.9% vs 7.1% expected (prior 7.1%)Participation rate 65.3% vs 65.2% priorFull time -18.5K vs +106.1K priorPart time +85.1K vs -45.6K priorHourly wages for permanent employees % vs +3.6% priorUSD/CAD was trading at 1.1402 ahead of the report and quickly fell to 1.4075.The numbers in this report have yo-yo’d for months, making it tough to get a clean read on what’s happening with Canadian hiring. On net, the view was that it was weakening but not to a frightening degree, these past two reports could change that view. There have been signs of layoffs though so it’s tough to have any confidence in hiring, and not at this pace. If you average out the past four months, the monthly jobs growth is +5.1K, which I think is about right for where we are.Unemployment is back to where it was in April.The Bank of Canada cut rates this month but already signaled that it’s now on the sidelines. This certainly underscores that view. This article was written by Adam Button at investinglive.com. 🔗 Source 💡 DMK Insight The unexpected drop in the unemployment rate to 6.9% is shaking up the USD/CAD pair, and here’s why that matters right now: With the participation rate slightly up and full-time employment taking a hit, the mixed signals could lead to volatility in the forex market. The immediate reaction saw USD/CAD spike from 1.1402 to 1.4075, indicating traders are reacting to the potential implications for monetary policy. A lower unemployment rate might push the Fed to consider tightening sooner than expected, which could strengthen the USD against the CAD in the short term. However, the decline in full-time jobs raises concerns about the sustainability of this recovery, suggesting that traders should be cautious. Watch for resistance around 1.4075 and support near 1.1402 as key levels to gauge market sentiment. If the trend continues, it could also affect related assets like oil, given Canada’s heavy reliance on energy exports. Keep an eye on upcoming economic indicators that could further influence these dynamics. 📮 Takeaway Watch USD/CAD closely; resistance at 1.4075 and support at 1.1402 could signal upcoming volatility based on economic data.

S&P 500 futures are down 0.35% as we near the equity open.The weakness started early this week after Palantir earnings and the bizarre performances from the CEO led to some profit taking in highly valued tech stocks. Today’s catalyst was supposed to be Tesla shareholders approving a potential $1 trillion pay package for Elon Musk but shares are down 1.1% after initially jumping 3% on the vote.The most-worrisome one is Nvidia, which is obviously the flag-bearer for the market. It fell 4% yesterday and is down 1.6% pre-market. It’s erased most of the late-October rally. A good portion of the jump was based on hopes for re-opening sales to China but now that doesn’t look like it will happen so it’s been something of a U-turn. This article was written by Adam Button at investinglive.com. 🔗 Source 💡 DMK Insight S&P 500 futures slipping 0.35% signals a broader tech sector pullback, and here’s why that matters: The recent dip follows Palantir’s earnings report, which raised eyebrows and triggered profit-taking among high-flying tech stocks. With Tesla’s shareholders potentially green-lighting a $1 trillion deal, traders might’ve expected a bullish reaction, but the market’s current sentiment suggests caution. This could indicate that investors are wary of overvalued tech stocks, especially as we approach key resistance levels. If the S&P 500 can’t hold above its recent support, we might see further selling pressure, particularly in tech-heavy indices. Watch for the 4,300 level on the S&P 500; a break below could lead to a more significant downturn. On the flip side, if Tesla’s deal does go through and the market finds renewed confidence, we could see a quick rebound. But for now, the prevailing mood seems to favor risk-off strategies, especially with volatility expected to increase as earnings season unfolds. Keep an eye on related assets like the Nasdaq, which often mirrors tech sentiment, and be prepared for potential whipsaws as traders react to earnings reports and macroeconomic indicators. 📮 Takeaway Watch the 4,300 level on the S&P 500; a break below could trigger further selling in tech stocks.

In the kickstart video for the NA session on November 7, Greg Michalowski take a look at the 3 major currencies – the EURUSD, USDJPY and GBPUSD. What is the bias for traders, the next targets and the risk? This article was written by Adam Button at investinglive.com. 🔗 Source 💡 DMK Insight With ADA currently at $0.58, traders should be paying close attention to the broader currency movements, especially in the EURUSD, USDJPY, and GBPUSD pairs. The interplay between these major currencies could influence ADA’s price action, particularly if the USD shows strength or weakness. For instance, a bullish trend in the USD could lead to a dip in ADA as investors flock to safer assets. Conversely, if the USD weakens, we might see a rally in altcoins like ADA as capital flows into riskier assets. Watch for key resistance levels in the major pairs; if EURUSD breaks above its recent highs, it could signal a shift that impacts ADA positively. Keep an eye on the daily charts for these pairs to gauge momentum shifts, as they can provide clues about ADA’s next moves. Here’s the thing: while mainstream analysis often focuses solely on ADA’s fundamentals, the correlation with these major currencies can’t be overlooked. If you’re trading ADA, consider how shifts in the forex market could create volatility in the altcoin space. Monitor the USDJPY closely; a breakout could lead to significant ripple effects across crypto markets, including ADA. 📮 Takeaway Watch the EURUSD and USDJPY for potential shifts that could impact ADA; key resistance levels could signal major moves in the altcoin market.

Sector Overview: Tech and Semiconductors Slip, Financials Show StabilityThe semiconductor sector dominated market headlines today with a notable downturn. Major player Nvidia (NVDA) experienced a significant decline of 2.09%, setting the tone for other semiconductor stocks like Advanced Micro Devices (AMD), which fell by 2.00%, and Micron Technology (MU), down by 2.18%.Conversely, the financial sector displayed resilient performance. While JPMorgan Chase (JPM) saw a minor dip of 0.42%, others like Visa (V) and Berkshire Hathaway (BRK-B) added slight gains, up by 0.25% and 0.30%, respectively. This sector appears to maintain stability amidst the broader market volatility.Market Mood and Trends: Sentiment Wavers Amid Mixed PerformancesToday’s market mood is marked by uncertainty, particularly evident in the disparate performance between sectors. While technology and semiconductor stocks faced pressure, defensive sectors like consumer defensive showed modest gains, led by Walmart (WMT) and Costco (COST), up 0.44% and 0.63% respectively. This underscores a possible rotation as investors seek safety in more predictable sectors.Strategic Recommendations: Navigating Today’s Choppy WatersInvestors should monitor the semiconductor sector closely, as the current decline might present buying opportunities should valuations become attractive.Consider shifting some capital towards consumer defensive stocks like Walmart and Costco, which seem to offer stability amidst market fluctuations.Diversification remains crucial. Balancing exposure between high-growth areas like technology and safer bets such as financials and consumer defensives may cushion against volatility.As always, staying informed through real-time market data and frequent analysis is essential. Investors are encouraged to visit InvestingLive.com for ongoing insights and updates on market movements. 📈💼 This article was written by Itai Levitan at investinglive.com. 🔗 Source 💡 DMK Insight Semiconductor stocks are taking a hit, and here’s why that matters for traders: Nvidia’s 2.09% drop is a red flag, especially since it often leads the sector. This decline isn’t just an isolated incident; it’s indicative of broader market pressures, possibly linked to supply chain issues or waning demand. Traders should keep an eye on AMD and Micron, which are also down 2.00% and are likely to follow Nvidia’s lead. If this trend continues, it could signal a bearish phase for tech stocks overall, impacting related sectors like consumer electronics and software. But don’t overlook the financials, which are showing stability amidst this tech slump. If financials can maintain their strength, it might provide a cushion for the broader market. Watch for key support levels in the semiconductor sector; if Nvidia breaks below its recent lows, it could trigger further selling pressure. Keep an eye on the upcoming earnings reports for these companies, as they could either validate or counteract current market sentiment. 📮 Takeaway Monitor Nvidia’s support levels closely; a break below recent lows could lead to further declines in the semiconductor sector.

This is a bit childish at this point but Senate Republican leader John Thune says he’s willing to give Democrats everything they’re asking for in order to pass the government reopening bill, but only if they reopen it first. This article was written by Adam Button at investinglive.com. 🔗 Source 💡 DMK Insight Political maneuvering in the Senate could impact market sentiment, especially for risk assets like ADA. With ADA currently at $0.58, traders should keep an eye on how this political drama unfolds. If a government shutdown occurs, it could lead to increased volatility across the crypto markets, as uncertainty often drives risk-off sentiment. This might push ADA below key support levels, potentially triggering stop-loss orders for those holding long positions. Conversely, if a resolution is reached quickly, we could see a short-term rally as confidence returns. Look for ADA to test resistance around $0.60 if the political situation stabilizes. But here’s the flip side: if negotiations drag on, ADA could face downward pressure, especially if broader market indices react negatively. Traders should monitor news cycles closely and consider adjusting their positions based on the evolving political landscape. Keeping an eye on trading volumes and sentiment indicators will also be crucial in gauging market reactions to these developments. 📮 Takeaway Watch ADA closely; a government shutdown could push it below $0.58, while a resolution might see it test $0.60 resistance.

Details of the latest consumer sentiment report from the University of Michigan, for the month of November 2025:Final Oct was 53.6Current conditions 52.3 vs 59.2 expected (prior was 61.0)Expectations 49.0 vs 50.3 expected (prior was 51.2)1-year inflation 4.7% vs 4.6% prior5-year inflation 3.6% vs 3.7% priorThe headline is the lowest reading since June 2022 as it was narrowly below the Liberation Day lows. It’s safe to say that the government shutdown isn’t helping. The inflation expectations numbers are mixed but I’d put a heavier weight on the longer term number ticking lower.The US dollar has sagged on this reading with the euro as the main beneficiary, it’s up 40 pips to 1.1579. This article was written by Adam Button at investinglive.com. 🔗 Source 💡 DMK Insight Consumer sentiment just hit a new low, and here’s why that matters: traders need to brace for potential market volatility. The University of Michigan’s latest report shows a significant drop in consumer sentiment, with the headline number at 53.6, down from 61.0. Current conditions and expectations also fell short of forecasts, indicating a growing pessimism among consumers. This could signal a slowdown in spending, which is critical for economic growth. If consumers are feeling less confident, it could lead to weaker retail sales and impact sectors like consumer discretionary and even tech stocks that rely on consumer spending. Traders should keep an eye on inflation expectations, which remain stubbornly high at 4.7% for the one-year outlook. This could influence the Federal Reserve’s next moves, particularly if they decide to maintain or adjust interest rates. Watch for key support levels in the S&P 500 around 4,200; a breach could trigger further selling pressure. The real story is how this sentiment shift might ripple through to earnings reports in the coming quarters, especially for companies heavily reliant on consumer spending. 📮 Takeaway Monitor the S&P 500 around the 4,200 level; a break below could signal increased selling pressure as consumer sentiment declines.

The Canadian jobs data was stronger that expectations and that sent the USDCAD to new lows going back to Tuesday’s trade. However, the price bounced higher after trading at 1.40546 twice (double bottom). The October 14 high at 1.4079 was broken in the bounce, but quickly failed. That level is now close resistance for traders looking for more downside momentum. If the sellers are to take more control, getting below a swing area between 1.4060 to 1.4066 would be the next downside target. If broken the 38.2% of the move up from the Octoebr low at 1.4043 and the rising 200 hour MA at 1.40347 become the next targets that the sellers will need to get and stay below to take back more control. The video above outlines the technicals and the reviews the key levels in play. This article was written by Adam Button at investinglive.com. 🔗 Source 💡 DMK Insight The stronger-than-expected Canadian jobs data is shaking up the USDCAD, and here’s why that matters right now: With the USDCAD hitting new lows at 1.40546, the double bottom pattern suggests a potential reversal, but the failure to hold above the October 14 high of 1.4079 raises concerns. Traders should be cautious, as this bounce could be a short-lived reaction rather than a sustained recovery. The broader context of economic indicators, including inflation and interest rates, will play a crucial role in determining the next moves. If the USDCAD can reclaim and hold above 1.4079, it could signal a bullish trend, but a drop below the recent lows might trigger further selling pressure. Keep an eye on correlated assets like oil, as fluctuations in crude prices often impact the CAD due to Canada’s heavy reliance on oil exports. Watch for volatility in the coming days as traders react to this data and adjust their positions accordingly. 📮 Takeaway Monitor the USDCAD closely; a sustained break above 1.4079 could indicate a bullish reversal, while failure to hold may lead to further declines.

Asked about the removal of the world ‘careful’ from the BOE’s language saying ‘careful and gradual’, he says it shouldn’t be overinterpreted.The market is still off-balance on what’s coming next fro the Bank of England with pricing at 58% for a cut (though rising to 100% for February).More comments:I would emphasize continuity of BOE policy, not modest changes in language This article was written by Adam Button at investinglive.com. 🔗 Source 💡 DMK Insight The BOE’s shift in language is subtle but significant for traders navigating interest rate expectations. With the market pricing a 58% chance of a rate cut, and that rising to 100% by February, traders should be cautious. The removal of ‘careful’ suggests a potential shift in the BOE’s approach, which could impact GBP volatility. If the BOE signals a more aggressive stance, it could lead to a stronger pound, affecting forex pairs like GBP/USD. Watch for any upcoming statements or economic data releases that could sway these expectations. The key level to monitor is the 1.30 mark for GBP/USD; a break above could signal bullish momentum, while a drop below might indicate bearish sentiment. But here’s the flip side: if the market misreads the BOE’s intentions, we could see a sharp reversal. Traders should keep an eye on sentiment indicators and adjust positions accordingly, especially as we approach February’s meeting. 📮 Takeaway Watch GBP/USD around the 1.30 level; a break could signal bullish momentum if the BOE shifts its stance.