Bank of Japan Governor Ueda is meeting with Japan PM Ishiba. The two meet at least twice a year, this seems to be one of those regular meetings.There is much to discuss, including Japan bond rates ramping higher, which will lift new government funding costs if not addressed. Japanese Government Bond yields continue to surge, 20yr to its highest since 1999 This article was written by Eamonn Sheridan at investinglive.com.

Japan’s Financial Services Agency (FSA) has proposed shifting crypto oversight to the Financial Instruments and Exchange Act (FIEA).Currently, crypto assets are regulated under the Payment Services Act.The move would classify cryptocurrencies alongside securities, imposing stricter rules on issuers and exchanges.The FSA says tighter regulation would deter misconduct and improve transparency for investors.A legislative amendment is planned for submission to the ordinary Diet session next year.Stricter oversight could weigh on Japanese crypto exchanges in the near term but may bolster longer-term investor confidence and legitimacy of the sector. This article was written by Eamonn Sheridan at investinglive.com.

The McDonald’s CEO warned that strains on middle- and lower-income Americans could spell broader trouble for the U.S. economy. While affluent households continue to spend on travel and benefit from buoyant stock markets, lower-income consumers are pulling back hard, with McDonald’s seeing double-digit traffic declines from this group. Many are even skipping meals, particularly breakfast, to save money. The remarks echo recent warnings from retailers and discount chains that discretionary spending is weakening, suggesting headline consumption data may be masking a fragile backdrop. "middle and lower income consumers, they're under a lot of pressureupper income earning over $100k, things are good. Stock markets are near all time highs ... barometers of upper income consumers are doing quite wellwith middle and lower income consumers is actually a different story. It's that consumer is under a lot of pressure in our industry. Traffic for lower income consumers is down double digits"The Fed are acutely aware of this but resilient inflation is complicating thier rate cut path. This article was written by Eamonn Sheridan at investinglive.com.

Bridgewater founder Ray Dalio has warned that the US is on track for a “debt-induced heart attack” within the next few years, citing the excesses created by Washington’s latest budget. He estimated the tipping point could come “in three years, give or take a year or two.”Dalio said the imbalance between the supply of US debt and investor demand would force the Federal Reserve into a painful choice. Either it allows interest rates to rise, risking a debt-default crisis, or it steps in to buy unwanted bonds by creating money. “Both paths would hurt the dollar,” he cautioned, adding that doubts over US fiscal credibility are likely to intensify.Info via the Financial Times. This article was written by Eamonn Sheridan at investinglive.com.

J.P. Morgan asset management global market strategist Jack Manley spoke in an interview with Fox. In brief: believes the Fed’s current policy stance is too restrictive given the mixed signals in the economysees justification for starting a rate-cut cycledoubts the Fed will cut aggressively because labor markets remain tight, wages are growing, and consumers overall are resilientManley says that low- and middle-income households are under strain, stresses that higher earners drive most of the economy’s momentumOn markets, highlights the durability of the Magnificent 7 earnings story but expects a longer-term rotation toward broader S&P 500 participation, with earnings growth between big tech and the rest converging by 2026The full interview is here:There are plenty of arguments for easing rates, but Fed Reserve should be cautious, argues market strategist This article was written by Eamonn Sheridan at investinglive.com.

A U.S. judge has ruled that Google can keep operating its Chrome browser but must open up by sharing search data with rivals and ending exclusive search contracts.Google is banned from paying to be the exclusive search engine on devices and browsers, but the judgement declined more drastic remedies against the company, no break up:can keep Chromecan keep Android O/SThe ruling originates from the Justice Department’s 2020 lawsuit accusing Google of using restrictive agreements to preserve its dominance in online search. It follows a 2024 finding that Google had violated antitrust law by maintaining an illegal monopoly in search and advertising. The case is part of a wider U.S. crackdown on Big Tech, targeting firms like Meta, Amazon, and Apple. This article was written by Eamonn Sheridan at investinglive.com.

The two data points of note today are the GDP numbers from Australia for Q2 and also the private-survey services PMI from China. Aussie economic growth is expected to have improved from Q1 but not set the world on fire. The Chinese services PMI is what used to be known as the Caixin / S&P Global PMI. Caixin and no longer the sponsr though, now its ... wait for it ... the Ratings Dog/S&P Global PMI. Ratings Dog, yes, I'm not making this up. We've had official and private PMIs from China for August already:China Manufacturing PMI (August 2025) 49.4 (expected 49.5) Services 50.3 (expected 50.3)ICYMI - China data showed manufacturing sector contracted for a fifth straight monthChina S&P Global Manufacturing PMI (August) 50.5 (expected 49.5, prior 49.5)Later we'll hear from Reserve Bank of Australia Governor BullockShann Memorial Lecture – Technology and the Future of Central Banking at the RBA – by Governor Michele Bullock, PerthThis snapshot from the investingLive economic data calendar.The times in the left-most column are GMT.The numbers in the right-most column are the 'prior' (previous month/quarter as the case may be) result. The number in the column next to that, where there is a number, is the consensus median expected. This article was written by Eamonn Sheridan at investinglive.com.

US Judge issues a sealed decision in Google's online search monopoly case. the firm must share info with its competitionthe firm will not be ordered to sell off Chrome firm will not be forced to sell Android operating system Shares are up more than 4% in after hours This article was written by Eamonn Sheridan at investinglive.com.

US August ISM manufacturing 48.7 vs 49.0 expectedUS July construction spending -0.1% vs -0.1% expectedUS August S&P Global final manufacturing PMI 53.0 vs 53.3 prelimAugust Canada S&P Global manufacturing PMI 48.3 vs 46.1 priorTrump: We're going to the Supreme Court tomorrow on tariff decisionTrump confirms that Space Command will move to AlabamaTrump: China, India and Brazil kill us with tariffsECB's Muller: It makes sense to hold rates and watch the economyAtlanta Fed GDPNow Q3 tracker 3.0% vs 3.5% priorGoldman Sachs bumps US economic growth tracker to 1.7% for Q3New Zealand GDT price index -4.3%Markets:Gold up $62 to $3538US 10-year yields up 5.6 bps to 4.97%S&P 500 down 48 points to 6412 WTI crude oil up $1.63 to $65.64USD leads, JPY lagsIt was an ugly risk-off day to mark the start of the US trading week (following Monday's holiday) but it wasn't as bad as it could be. Futures cracked further early in US trade and were down more than 1.3% at the lows. There was some moderate recover from there that came in spurts. Ultimately the S&P 500 finished 45 points above the lows but still down by 45 points.The US dollar was strong and choppy. Early in US trade there was some heavy selling and a retracement that saw USD/JPY give back 50% of its gains. The move was short-lived though as dollar buyers returned as the day wore on. That wasn't enough to break the early extremes but it resulted in some sizeable moves across the FX market.The big talk was in gold, which touched $3500 for the first time in Asia before retracing. It fell back to $3475 early in US trading before exploding higher to $3538 and closing at the highs. That helps to confirm a breakout to the consolidation that kicked off in April.Oil was also lively as WTI hit $66.00 only to fall back to $64.55, then turn again to $65.64 per barrel. In terms of equity market movers, the losers vastly outnumbered the winners with financials and transports as laggards. Nvidia was down 1.8% while Tesla fell 1.4%. This article was written by Adam Button at investinglive.com.

We're going to the Supreme Court tomorrowWe need an early decisionIf you took away tariffs, we could be a third world countryIf that ruling ever went against us, we would have to give trillions back (the US has collected around $280 billion in tariffs)This is no surprise but we will have to see how long the timeline stretches. This article was written by Adam Button at investinglive.com.

As for all the rumors about his health, he looks the same as always.Alabama really wanted this command center badlyAsked about health rumors, says that Biden would go months without appearingSays he was very active over the weekendIt's why the media has such little credibilityWe fired on a boat carrying drugsThe boat comment is the most-interesting one as it could relate to Venezuela. Secretary of State Marco Rubio also tweeted something cryptic about smoke and fire. This article was written by Adam Button at investinglive.com.

It was a nice day for the oil bulls as crude settled higher by $1.58 to $65.59. It's the highest for WTI since August 7.I don't know if I would read too much into the upside at this point, given the growth concerns that are evident elsewhere. I think this is more about the concerns around Russian barrels and perhaps this weekend's OPEC+ decision. The main sustainable catalyst I could see for oil would be if Trump' tariffs are blocked permanently. That said, a rebound to $70 could come with the ebb and flow of markets. This article was written by Adam Button at investinglive.com.

There has been an intriguing political sub-plot over the past few days as Trump stayed out of the limelight, despite some questions about his health. If something was bothering him, it's evidently not anymore as he is set to speak at any moment.A report from earlier today said he would be announcing a Space Command headquarters but with Trump it's never one thing. The command will evidently be moved to Alabama from Colorado in something of a political football.He will surely be asked about the court ruling that struck down his tariffs.Politico has more on the Congressional agenda here.Update: Trump is speaking on the Scott Jennings radio show before his appearance and says:He's very disappointed in PutinWe will be doing something to help people liveThe tariff decision was an economic emergencyChina, India and Brazil kill us with tariffs This article was written by Adam Button at investinglive.com.

The focus in commodity markets today is undoubtedly on previous metals but oil is trading at the best levels since August 6. WTI crude is up $1.65 to $65.66 in volatile trading that saw a $1 selloff and recovery in US trade.Time spreads are widening today and that's helping the supply/demand picture. In geopolitics, the US is leaning on Europe to cut off Russian oil altogether while India and Russia grow closer.In the Middle East, the imposed further sanctions on a network of tankers carrying Iranian oil.Looking ahead, OPEC+ will meet on Sunday and it should be the first meeting in awhile where fresh barrels aren't added. Technically, there isn't much standing in the way of a return to $70 if today's highs break. This article was written by Adam Button at investinglive.com.

Looking at recent data, we are more-or-less on the projected path from the last round of ECB projectionsIn light of all the recent turmoil, the economy has held up quite well in Europe (cites US trade policy and Ukraine war)The market is pricing in about a 30% chance of an ECB rate cut by year end, with no scope for a move next week. This article was written by Adam Button at investinglive.com.

Goldman Sachs bumped up their GDP forecast to 1.7% but the Atlanta Fed has lowered its tracker to 3.0% from 3.5%.After this morning’s releases from the US Census Bureau and the Institute for Supply Management, the nowcasts for third-quarter real personal consumption expenditures growth and real gross private domestic investment growth declined from 2.3 percent and 6.1 percent, respectively, to 1.7 percent and 5.3 percent. These declines were partially offset by an increase in the nowcast of the contribution of inventory investment to third-quarter real GDP growth from 0.59 percentage points to 0.69 percentage points. This article was written by Adam Button at investinglive.com.

Goldman Sachs has boosted its Q3 US GDP tracker to 1.7% from 1.6%. Economist at Goldman write:The ISM manufacturing index increased by less than expected in August. The composition of the report was mixed, with increases in the new orders and employment components but a decline in the production component. The S&P Global manufacturing PMI was revised down in the August final reading. Nominal construction spending decreased in July, in line with consensus expectations, implying a 0.5% (month-on-month, seasonally adjusted) decline in real terms. The details of the construction spending report were slightly stronger than our previous GDP tracking assumptions. We boosted our Q3 GDP tracking estimate by 0.1pp to +1.7% (quarter-over-quarter annualized) and our Q3 domestic final sales estimate by the same amount to +0.7%.We're still a long ways from a real print on Q3 but there will be some meaningful swings in expectations this week with ISM services and non-farm payrolls to come.h/t @MikeZaccardi This article was written by Adam Button at investinglive.com.

A snapshot of the closing levels shows:STOXX 600 -1.5%German DAX -2.2%France's CAC -0.7%UK's FTSE 100 -0.8%Spain's IBEX -1.5%Italy's FTSE MIB -1.6%The bigger development was in the bond market, where 30-year gilts earlier hit 5.75%, which is the highest since 1998. This article was written by Adam Button at investinglive.com.

The kiwi is down 40 pips today and the latest dairy auction numbers won't help, with prices down 4.3%.Avg price $4043Whole milk powder -5.3% This article was written by Adam Button at investinglive.com.

NASDAQ Futures Analysis Today: Sellers Reassert After Early BounceinvestingLive.com (formerly ForexLive.com) – After a volatile morning, NASDAQ futures are showing that sellers have regained control. What looked like a bottom just after the U.S. open, with a powerful coast-to-coast rally, has since rolled over. Our orderFlow Intel methodology — an advanced blend of order flow analytics and AI-assisted market reading — shows that sellers are once again winning the larger battle.Today’s Market Recap on Nasdaq FuturesEarly Flush and Bounce: Futures flushed toward the 23,000 round number at the U.S. open, then staged a sharp reversal, rallying all the way from the session’s Value Area Low (~23,029) to just below the Value Area High near 23,266.Aggressive Buying Footprint: During that rally, we saw extreme Delta SL (aggressive ask buying) outliers — a clear signature that institutions were pressing into the tape.Double Top Resistance: The rally ran out of steam under a key resistance cluster at 23,263–23,282, where sellers stepped back in with conviction.Cumulative Delta Decline: Despite the rallies, the Cumulative Delta never held positive. This confirmed that buyer bursts were more about short covering than a true trend reversal.Distribution and Rejection: The failed push into resistance created a lower double top pattern, a classic order flow signature of distribution. Since then, sellers have reasserted themselves and pushed the market lower again, with downside magnets at 23,088 (Value Area Low) and the 23,000 round number.Educational Insight: What OrderFlow Intel AddsThe orderFlow Intel methodology goes beyond candlesticks and price levels:It tracks Delta metrics (net buying vs. selling volume at bid/ask) to uncover whether rallies are powered by real demand or just weak covering.It monitors Cumulative Delta to reveal the broader tide — in this case, sellers remained dominant even as prices bounced.It highlights absorption patterns like Delta SL outliers, which show when institutions are defending or pressing key levels.It overlays these signals with historic reference levels (like today’s operator-flagged 23,282) to detect when markets reject “too clean” levels — often a sign of anxious sellers lying in wait.By combining this with AI pattern recognition, we filter noise from signal — helping traders avoid false starts and spot when buyers or sellers truly control the tape.Why This Matters to Traders and InvestorsMany traders watching today may have assumed the bottom was in when NASDAQ futures ripped off the open. But orderFlow Intel revealed a different story: buyers were active, but they weren’t strong enough to flip the larger tide. That distinction matters — and it helps explain why price has since rolled over.For investors, the takeaway is clear: even in powerful intraday reversals, you need to confirm whether the side in control has truly shifted. Today, the sellers proved they were still the larger force.AI + Order Flow: A New Trading LensAt investingLive.com, we’re building the next generation of market intelligence. The orderFlow Intel methodology is supported by AI analysis that crunches thousands of data points in real time. Traders and investors get not just levels and setups, but context — why those levels matter and who is winning the battle behind the chart.Bottom LineBias: Sellers have reasserted control after the open bounce.Key Levels to Watch: 23,088 (VAL) and 23,000 round number as near-term magnets.Larger Picture: Rallies into resistance are distribution zones, not trend reversals, until proven otherwise.Trade at your own risk. This analysis is for educational and decision-support purposes, not financial advice. This article was written by Itai Levitan at investinglive.com.