US Treas Sec Bessent: Says 3% growth is not unreasonable.

On Iran, China, have seen a substantial increase in purchases of arranging oil. On AI says that we are finding US watermarks on Chinese models. Starting to see the emergence of US open source models on AI On Ai, says that we are creating competitors. On the economy says 3% growth is not unreasonable. On the Canada trade, says this is just repriprocity On US government funding says that we don't need another shutdown. This article was written by Greg Michalowski at investinglive.com.

Forexlive5h ago1 min readSingle source

US Treas Sec Bessent: Says 3% growth is not unreasonable. — Image · Forexlive

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5-point summary · 1 min

On Iran, China, have seen a substantial increase in purchases of arranging oil.
On AI says that we are finding US watermarks on Chinese models.
Starting to see the emergence of US open source models on AI On Ai, says that we are creating competitors.
On the Canada trade, says this is just repriprocity On US government funding says that we don't need another shutdown.
This article was written by Greg Michalowski at investinglive.com.

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Integrity note · The source publication didn't make the full article available — Xela wrote this version from what could be gathered (headline, public summary, and signals). Facts and attributions are preserved; for the original piece in the publisher's own words, read it at Forexlive.

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·27m ago

AUDUSD reached key technical target and backed off. MA target approached on the downside

The rebound from today's low extended from 0.6991 to 0.7026, carrying the pair above several significant technical hurdles. The rally pushed through last week's high at 0.7021, cleared a swing high from June 19 in the same area, and briefly traded above the 38.2% retracement of the decline from the May high to the late-June low at 0.7022. However, buyers were unable to sustain momentum above that cluster of resistance. The failure to hold the breakout gave sellers the green light to re-enter, with the move aided by broad U.S. dollar strength as USDJPY continues to trade at fresh 40-year highs. The ensuing decline has taken the pair back toward the 0.7000 level, with today's low reaching 0.7002. Standing in the sellers' way is the rising 100-hour moving average, currently at 0.69962. Given that buyers have successfully defended this moving average during each of the past two trading days, it remains the key technical pivot for the near-term outlook. Stay above the 100-hour moving average, and the bias remains tilted toward another attempt at the 0.7021-0.7022 resistance cluster. A decisive break above that area would strengthen the bullish case and shift the focus toward higher targets. Move below the 100-hour moving average, however, and the technical picture would become more bearish. That break would expose the 200-hour moving average at 0.69729, followed by a key swing area between 0.6962 and 0.6978, where buyers would need to make another stand. For now, the market remains at an important crossroads. Buyers continue to control the short-term bias while the pair holds above the 100-hour moving average, but sellers earned some credibility by rejecting the breakout above the 0.7022 resistance cluster. The next meaningful directional move is likely to be determined by whichever side can force a sustained break of these key technical levels with momentum. This article was written by Greg Michalowski at investinglive.com.

ForexliveSingle source

·2h ago

Trump meets with Lebanese President Joseph Aoun in the White House

Trump is speaking to reporters in the Oval Office along with the Lebanese president who is visiting: Relationship with Lebanon very good. Lebanon has been hit hard for many decades. We're going to help Lebanon a lot. I'll have Lebanon properly treated, with respect. On Houthi blockade: We'll see what happens. On Houthi blockade in Red Sea: If something happens, we'll just have to take care of business. Will be speak about Lebanese Army taking over villages that Hezbollah withdrew from Will be looking at issues in pilot zones. Would speak to Hezbollah if Aoun wanted him to Iran wants to desperately meet. We are not leaving Iran No interest in meeting Iran until they are ready Iran has a very evil people leading the country We will not let Iran have a nuclear weapon. We will hit any site Iran is thinking about having nuclear. Iran has not seen anything yet On Iran, we have been nice W e will be hitting Pickaxe Mountain area*** pretty soon. On Canada tariffs, not related to wild fires, but are looking at that. It is the first meeting at the WHite House with the Lebanese President. Recent U.S.-brokered diplomacy has shifted the focus toward replacing Hezbollah's presence with the Lebanese Armed Forces. Under a phased "pilot zone" plan, Israeli forces are beginning to withdraw from selected villages in southern Lebanon while the Lebanese Army moves in to assume security responsibilities. The expectation is that the Lebanese government will extend its authority, disarm Hezbollah in those areas, and prevent the group from re-establishing military positions. Israel has said further withdrawals will depend on whether the Lebanese Army can successfully keep Hezbollah from returning. President Donald Trump's meeting today with Lebanese President Joseph Aoun comes as this first phase is being implemented. The United States is backing Lebanon's government politically and militarily in an effort to strengthen the Lebanese Army, reduce Hezbollah's influence, and move both Israel and Lebanon toward a broader security arrangement that could eventually evolve into a formal peace agreement. While the initial troop redeployments represent progress, the process remains fragile, with significant skepticism over whether Hezbollah can be effectively disarmed without triggering renewed conflict. _____________________________________________________________ The site has drawn greater attention amid reports that Iran may have moved centrifuges or other sensitive nuclear equipment there following attacks on facilities such as Natanz. Its proximity to Natanz and its fortified underground structure have made Pickaxe Mountain a growing focus in discussions about Iran’s nuclear capabilities. This article was written by Greg Michalowski at investinglive.com.

ForexliveSingle source

·2h ago

Canada Carney: Latest tariff threat are a violation of USMCA

He will look at all options if the United States goes ahead with latest tariff threats He does not want a partial trade agreement with the United States, wants a deal that addresses all critical sectors Provinces will be responsible for lifting their bans on US alcohol and should only do so as part of an overall trade deal with the US. E arlier in the day, U.S. Trade Representative Jamieson Greer emphasized that the administration remains committed to negotiating with Canada despite the latest escalation in trade tensions. Greer said discussions with Canadian officials remain constructive and have not been suspended, adding that the U.S. has spent the past year urging Canada to remove its retaliatory tariffs. He reiterated that President Trump's objectives are to reduce the U.S. trade deficit with Canada and encourage more manufacturing to return to the United States. Greer also stressed that trade disputes between the two countries are not new and that any agreement must ultimately produce better outcomes for U.S. businesses. From a market perspective, the USDCAD has responded by pushing back above its 200-hour moving average at 1.4085, giving buyers the technical edge. Holding above that moving average keeps the near-term bias tilted to the upside. A move back below would weaken the bullish case and shift the bias back toward neutral, with the 100-hour moving average at 1.40417 serving as the next key support level. This article was written by Greg Michalowski at investinglive.com.

ForexliveSingle source

·3h ago

The broader Nasdaq and S&P indices are pushing higher. What are the technicals telling traders?

Last week offered a reminder of how important those resistance levels are. The NASDAQ briefly traded above the hourly moving averages but stalled near a key swing area around 26,310, where sellers stepped back in. The index then fell below both moving averages on Thursday and opened with a bearish gap lower on Friday before beginning the current recovery. Unless buyers can push through the two hourly moving averages, the rally remains more of a corrective bounce within a broader bearish technical structure. The S&P 500 is in slightly better technical shape. The index has already climbed back above its 200-hour moving average at 7,467.03, but it is now testing the more important 100-hour moving average at 7,513.28. That level proved to be a ceiling on Friday, when buyers briefly pushed above it only to encounter willing sellers that forced the index back lower. Today's rally brings traders back to the same decision point. A sustained move above the 100-hour moving average would strengthen the bullish case and shift momentum back toward the upside. Conversely, failure to break and hold above the 100-hour moving average would keep the technical outlook more neutral-to-bearish. A move back below the 200-hour moving average at 7,467.03 would put the focus squarely on the downside once again, with the 7,421.82 swing area becoming the next key support. A break below that level would give sellers greater control. In the video above, I take a closer look at both the NASDAQ and the S&P 500 from a technical perspective. I also include a bonus review of two semiconductor leaders—Micron and Nvidia. Last week I highlighted Micron as a stock to watch for support near the bottom of a swing area around $818.67, followed by the 50% retracement below. At Friday's open, the stock briefly gapped below the $818 level but quickly found buyers and reversed sharply higher—a classic rejection of lower prices. That rebound carried the shares back toward the $900 area, where resistance emerged near the previously broken 38.2% retracement. Today, Micron gapped higher once again and is currently trading up $67, or 7.76%, at $932.63. The next key upside target comes against its falling 100-hour moving average at $961.62. A move above that level would strengthen the technical picture further and give buyers another important victory. Nvidia is also showing signs of improving technically, with the stock climbing back above its nearly converged 100-hour and 200-hour moving averages (blue and green lines), both clustered near $203. As long as the price can hold above those key moving averages, the near-term bias tilts back in favor of the buyers. The next upside targets come into a swing area between $212.19 and $214.00, where sellers previously stepped in. On the downside, a move back below the 100- and 200-hour moving averages would shift the focus back toward the 100-day moving average near $199. That level proved to be solid support last week, attracting willing buyers and helping to stabilize the stock. Holding above the hourly moving averages keeps buyers in control, while a break back below them would hand momentum back to the sellers. This article was written by Greg Michalowski at investinglive.com.

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