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Collins’ focus on how widespread inflation is moves attention to core and services prices, not just the headline energy-driven numbers. Signs of fuel costs spreading into broader prices would firm December hike pricing and support front-end yields and the dollar. For oil, that means sustained strength in crude and products now carries a second-round risk the Fed is explicitly watching. Her stress on elevated uncertainty also leaves room for the data to delay the next move, which caps how aggressively markets can price an October hike.

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Collins has already called for another hike, and now she is spelling out what will set the timing: whether inflation spreads beyond energy in an uncertain economy.

Summary:

• Boston Fed President Susan…

US stocks closed lower Tuesday, but the closing changes tell only part of the story. The Dow swung through nearly 729 points, while the S&P 500 and Nasdaq Composite traded on both sides of unchanged. The Nasdaq 100 never made it into positive territory.

Earnings season got underway with JPMorgan, Citigroup, Wells Fargo, Goldman Sachs, Johnson & Johnson and UnitedHealth reporting. The results were mixed, but the share-price reaction was consistent: all six finished lower. Even earnings beats and improved guidance were not enough to keep buyers in control.

Attention now turns to September’s US CPI report, due Wednesday at 8:30 AM ET. That gives traders another important test as they weigh corporate earnings against the inflation outlook.

The…

China releases consumer and producer price data for September at 0130 GMT on Wednesday, which is 9:30 pm US Eastern time on Tuesday. Factory-gate inflation is the reading most likely to move markets, as higher global energy costs continue to feed through the economy.

August sets the benchmark. Consumer prices rose 0.8% y/y, up from 0.5% and in line with forecasts, while the 0.4% monthly gain beat expectations. Producer prices climbed 3.8% y/y from 3.5%, with the statistics bureau pointing to rising energy prices.

There are three things to watch.

• The first is producer prices. The August increase reflected imported inflation, with higher crude oil and non-ferrous metal prices lifting petrochemical and smelting prices at home. Another firm…

Crude oil futures settled at $94.14, up $0.40 or 0.43%, as elevated Middle East tensions kept supply risks in focus.

Headlines centered on reports that Israeli Prime Minister Benjamin Netanyahu spoke with President Trump last week about renewing military action against Iran. Netanyahu reportedly wanted to act before the elections, while Trump told him to prepare but made no firm commitment to support an attack. Israel’s defense minister warned that anyone attacking Israel would pay the price, regardless of election timing. Meanwhile, Iran’s IRGC navy commander reportedly threatened to sink American ships approaching the entrance to the Strait of Hormuz.

Tensions also remained high in Yemen. The Saudi-led coalition said it struck an oil…

Comments from Fed’s Williams, reported by Bloomberg News, cross the wires:

• Currently sees no need for rate hike in 2027.
• Said there are still signs inflation will slow “quite a bit” and approach the Fed’s 2% target next year.
• One more interest rate hike appropriate this year
• The rate path will be about maintaining a balanced economy.
• Not seeing broader price pressure outside AI and energy.
• No sign the labor market is contributing to inflation

U.S. Treasury yield moves:

• 2-year: 4.795%, unchanged.
• 10-year: 5.217%, down 2.7 basis points.
• 30-year: 5.561%, down 3.7basis points.

Treasury yields moved lower following the comments. The dollar index also extended losses, trading down 0.36% at 102.17.

Analysis: Williams’ comments lean dovish. He sees…

The USDCAD extended to a new high for the year on Friday following the weaker-than-expected Canadian jobs report. However, the breakout could only stretch about 7 pips above the previous yearly high near 1.4292 before reversing lower.

The buyers had their shot. They could not keep the break going.

By Friday’s close, the price had rotated lower. Selling continued on Monday until the pair reached its rising 100- and 200-hour moving averages—the blue and green lines on the chart. Buyers leaned against those levels and pushed the price higher.

That rebound stalled near Monday’s closing level and below the previous yearly high at 1.4292. Today, sellers have taken back control, pushing the pair lower in a more trend-like move. The USDCAD is down…

As London and European traders head home, the major European stock indices have closed mostly lower. The declines were modest in Germany, France and the UK, while Spain underperformed. Italy’s FTSE MIB bucked the trend with a gain.

The closing levels showed:

• Germany’s DAX: 25,259.91, down 17.78 points or 0.07%

• France’s CAC 40: 7,827.64, down 5.25 points or 0.07%

• UK’s FTSE 100: 10,650.34, down 5.94 points or 0.06%

• Spain’s IBEX 35: 19,210.70, down 75.10 points or 0.39%

• Italy’s FTSE MIB: 50,057.17, up 22.18 points or 0.04%

European bond yields are mixed

Benchmark 10-year yields moved lower in most of the major European markets, with the UK the exception:

• Germany: 3.463%, down 0.5 basis points

• France: 4.839%, down 5.5 basis points

• UK: 5.451%, up 0.8…

The USDCHF has been playing ping-pong between support and resistance over the last six trading days, confined to a range between 0.8290 and 0.8348. That is just 58 pips, with neither buyers nor sellers able to sustain a break.

Yesterday, both extremes were tested. Support held near 0.8291, while resistance near 0.8348 capped the rally into the close.

Today, sellers leaned against that topside resistance in the Asia-Pacific session and pushed the price toward two interim support targets:

• The 100-hour moving average at 0.8322.

• The 200-hour moving average at 0.83156.

The low reached 0.8313, briefly dipping below both moving averages before quickly bouncing higher. Sellers had their shot below the moving averages, but could not sustain the…

Stocks reverse after the market opens: Bumble's deal, bank earnings and the AI-chip selloff

October 13, 2026 | U.S. stocks | Market snapshot: 10:35 a.m. ET, using 15-minute-delayed data

A stock can rise on disappointing earnings, fall after encouraging guidance or change direction within minutes of the opening bell. Tuesday's U.S. session illustrates why traders should look beyond the first headline. Bumble's takeover, JPMorgan's earnings recovery, healthcare weakness and a selloff in AI-related hardware all offer different lessons about how markets price expectations.

The common thread is that a news event explains why investors are paying attention, but subsequent price action helps reveal how they are evaluating that news.

1. Bumble stock:…

Crude oil futures have rebounded after trading lower earlier in the day, with buyers defending a key cluster of technical support.

The low reached $91.70, just above the 38.2% retracement of the rally from the July low to the September high at $91.60. The price also held above the rising 100-hour moving average at $91.36 and the 200-hour moving average at $90.86.

That trifecta of support gives traders a clear area to define risk. Sellers would need to break below all three levels to shift the technical bias more firmly to the downside. Until then, buyers retain more control.

Buyers reclaim $93.48. Yesterday’s high is next.

The rebound has taken the price back above the top of a swing area at $93.48, with crude currently trading near $93.79.…

• Prior month 3.98 million

Details for September 

• Existing home sales annualized sales rate of 3.99 million versus 3.95 million estimate
• Existing-home sales: +1.5% month over month in September.
• Regional monthly sales:Increased in the South and West, unchanged in the Midwest, and declined in the Northeast.
• Year-over-year sales:Declined in all four regions.
• Market conditions:Higher inventory and longer selling times are giving buyers more negotiating power.

September median existing-home prices by region:

• Northeast: $523,600, down 3.4% from August, but up 4.7% year over year.
• Midwest: $329,600, down 3.9% from August, but up 3.1% year over year.
• South: $361,000, down 1.4% from August, but up 0.2% year over year.
• West: $613,600, down 0.9% from August and…

Yesterday, I did a post-on gold sellers on the back of news Kazakhstan was selling some of the reserves. I spoke cautiously in regard to the move given the semi-holiday trading, but acknowledged that the precious metal was testing a key target near the 100 and 200 hour moving averages and that the area would help define the next move.

See the post and the video HERE

Gold buyers ended up defending the  important technical area. The price has bounced higher in trading here today but those buyers still have work to do before claiming more control.

The pullback tested the 100-hour and 200-hour moving averages (blue and green lines on the chart below), where willing buyers helped stall the decline. The price has since bounced above those levels…