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SYMBOL
LAST
BID
ASK
HIGH
LOW
NET CHG.
%CHG.
SPREAD
SPX
S&P 500 Index
6857.13
6857.13
6857.13
6865.94
6827.13
+7.41
+ 0.11%
--
DJI
Dow Jones Industrial Average
47850.93
47850.93
47850.93
48049.72
47692.96
-31.96
-0.07%
--
IXIC
NASDAQ Composite Index
23505.13
23505.13
23505.13
23528.53
23372.33
+51.04
+ 0.22%
--
USDX
US Dollar Index
98.840
98.920
98.840
98.980
98.740
-0.140
-0.14%
--
EURUSD
Euro / US Dollar
1.16589
1.16596
1.16589
1.16715
1.16408
+0.00144
+ 0.12%
--
GBPUSD
Pound Sterling / US Dollar
1.33535
1.33543
1.33535
1.33622
1.33165
+0.00264
+ 0.20%
--
XAUUSD
Gold / US Dollar
4224.01
4224.42
4224.01
4230.62
4194.54
+16.84
+ 0.40%
--
WTI
Light Sweet Crude Oil
59.385
59.415
59.385
59.480
59.187
+0.002
0.00%
--

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Amd Chief Says Company Ready To Pay 15% Tax On Ai Chip Shipments To China

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Kremlin Aide Ushakov Says USA Kushner Is Working Very Actively On Ukrainian Settlement

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Norway To Acquire 2 More Submarines, Long-Range Missiles, Daily Vg Reports

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Ucb Sa Shares Open Up 7.3% After 2025 Guidance Upgrade, Top Of Bel 20 Index

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Shares In Italy's Mediobanca Down 1.3% After Barclays Cuts To Underweight From Equal-Weight

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Stats Office - Austrian November Wholesale Prices +0.9% Year-On-Year

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Britain's FTSE 100 Up 0.15%

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Europe's STOXX 600 Up 0.1%

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Taiwan November PPI -2.8% Year-On-Year

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Stats Office - Austrian September Trade -230.8 Million EUR

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Swiss National Bank Forex Reserves Revised To Chf 724906 Million At End Of October - SNB

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Swiss National Bank Forex Reserves At Chf 727386 Million At End Of November - SNB

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Shanghai Warehouse Rubber Stocks Up 8.54% From Week Earlier

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Turkey's Main Banking Index Up 2%

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French October Trade Balance -3.92 Billion Euros Versus Revised -6.35 Billion Euros In September

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Kremlin Aide Says Russia Is Ready To Work Further With Current USA Team

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Kremlin Aide Says Russia And USA Are Moving Forward In Ukraine Talks

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Shanghai Rubber Warehouse Stocks Up 7336 Tons

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Shanghai Tin Warehouse Stocks Up 506 Tons

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Reserve Bank Of India Chief Malhotra: Goal Is To Have Inflation Be Around 4%

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          Israeli Forces Shell Gaza On War Anniversary, Hamas And Israel Discuss Trump Plan

          Olivia Brooks

          Political

          Middle East Situation

          Summary:

          Israeli tanks, boats and jets pounded parts of Gaza on Tuesday, giving Palestinians no respite on the anniversary of the Hamas attack that led to two years of war and underlining the challenges at talks on Donald Trump's plan to halt the conflict.

          Israeli tanks, boats and jets pounded parts of Gaza on Tuesday, giving Palestinians no respite on the anniversary of the Hamas attack that led to two years of war and underlining the challenges at talks on Donald Trump's plan to halt the conflict.

          Israel pressed on with its offensive, residents said, after Hamas and Israel began indirect negotiations on Monday in the Egyptian resort of Sharm el-Sheikh on sensitive issues such as Israel's withdrawal from Gaza and Hamas' disarmament.

          The talks on the U.S. president's plan are widely seen as the most promising yet for ending a war that has killed tens of thousands of Palestinians and devastated Gaza since the October 7, 2023 attack on Israel which killed 1,200 people.

          MILITANT GROUPS MARK ANNIVERSARY WITH STATEMENT

          Residents in Khan Younis in southern Gaza and Gaza City in the north reported heavy bombing from tanks and planes in the early hours on Tuesday, witnesses said. Israeli forces pounded several districts from the air, sea and ground, they said.

          Gaza militants fired rockets across the border early on Tuesday, setting off air raid sirens at Israeli kibbutz Netiv Haasara, and Israeli troops continued to tackle gunmen inside the enclave, the Israeli military said.

          Marking the anniversary of the attack, an umbrella of Palestinian factions including Hamas, the Islamic Jihad and smaller militant groups vowed "the choice of resistance by all means is the sole and only way to confront the Zionist enemy."

          "No one has the right to cede the weapons of the Palestinian people. This legitimate weapon... will be passed through the Palestinian generations until their land and sacred sites are liberated," the statement issued in the name of "Factions of the Palestinian Resistance" said.

          Israelis marking the second anniversary of the Hamas attack - in which 251 people were taken back to Gaza as hostages - gathered at some of the worst-hit sites of that day and at Tel Aviv's so-called Hostages Square.

          "It's like an open wound, the hostages, I can't believe it's been two years and they are still not home," said Hilda Weisthal, 43. "I really hope that all the leaders will make a push and that this war will end."

          In Gaza, Mohammed Dib, 49, voiced similar hopes of an end to the conflict.

          "It's been two years that we are living in fear, horror, displacement and destruction," he said. "We are hoping, with these new negotiations, to reach a ceasefire and a final end to the war."

          ISRAEL INCREASINGLY ISOLATED ON WORLD STAGE

          Israel is negotiating from a position of strength. It responded to the 2023 attack by launching its offensive to eliminate Hamas in Gaza, while also assassinating the top Hamas leaders outside the Strip and other Iranian-backed groups such as Lebanon's Hezbollah and weakening Yemen's Houthis.

          It also killed Iran's top military commanders and attacked Iranian nuclear facilities during a 12-day war which was joined by the United States.

          But Israel's military onslaught on Gaza, which local health authorities say has killed over 67,000 people and has flattened the tiny enclave, isolated the country on the world stage.

          Some Western leaders have recognised Palestinian statehood and pro-Palestinian protests have erupted around the world.

          Israel and Hamas have both endorsed the overall principles behind Trump's plan, under which fighting would cease, hostages go free and aid pour into Gaza.

          The plan also has the backing of Arab and Western states. Trump has called for negotiations to take place swiftly towards a final deal, in what Washington hails as the closest the sides have yet come to ending the conflict.

          TRUMP SEEKS MAJOR FOREIGN POLICY TRIUMPH

          Trump has invested significant political capital in efforts to end the war.

          Even if a deal is clinched during talks in Egypt, major questions will linger, including who will rule Gaza and rebuild it.

          Trump and Israeli Prime Minister Benjamin Netanyahu have ruled out any role for Hamas, which seized Gaza in 2007 after defeating its rivals in a brief civil war.

          Though Trump says he wants a deal quickly, an official briefed on the negotiations, speaking on condition of anonymity, said he expected the round of talks that started on Monday would require at least a few days.

          An official involved in ceasefire planning and a Palestinian source said Trump's 72-hour deadline for the hostages' return could be unachievable for dead hostages. Their remains may need to be located and recovered from scattered sites.

          The Israeli delegation includes officials from spy agencies Mossad and Shin Bet, Netanyahu's foreign policy adviser Ophir Falk and hostages coordinator Gal Hirsch. Israel's chief negotiator, Strategic Affairs Minister Ron Dermer, was expected to join later this week, pending developments in the negotiations, according to three Israeli officials.

          The Hamas delegation is led by the group's exiled Gaza leader, Khalil Al-Hayya, who survived an Israeli airstrike in the Qatari capital, a month ago.

          The U.S. has sent special envoy Steve Witkoff and Jared Kushner, the president's son-in-law who has strong ties to the Middle East, the White House said.

          Source: Reuters

          Risk Warnings and Disclaimers
          You understand and acknowledge that there is a high degree of risk involved in trading. Following any strategies or investment methods may lead to potential losses. The content on the site is provided by our contributors and analysts for information purposes only. You are solely responsible for determining whether any trading assets, securities, strategy, or any other product is suitable for investing based on your own investment objectives and financial situation.
          Add to Favorites
          Share

          Vietnam's Stock Market Awaits Critical FTSE Russell Upgrade Decision

          Gerik

          Economic

          Stocks

          Vietnam’s Stock Market Poised for Major Milestone: FTSE Russell Upgrade

          Vietnam's stock market is on the edge of a significant transition, with the upcoming FTSE Russell classification report on October 8, 2025, expected to determine whether the country will be upgraded from a “Frontier Market” to a “Secondary Emerging Market.” This upgrade could open the floodgates for billions of dollars in foreign investment, propelling the country's market into the global spotlight.
          FTSE Russell's decision could mark a historic shift for Vietnam's financial landscape, providing the country access to the vast pool of global passive investment funds. If the upgrade is granted, it would likely trigger the inclusion of approximately 30 Vietnamese stocks in international investment portfolios, potentially attracting at least $1 billion from passive investment funds. This would be a major milestone in the country’s efforts to bolster its market position and align with international standards.
          The anticipated upgrade is seen as a result of Vietnam's robust efforts to meet the 9 required criteria and 2 optional criteria outlined by FTSE Russell, which include reforms in foreign investor access, trading, and foreign ownership limits. The government has enacted several key regulatory changes, such as eliminating pre-trade margin requirements for foreign investors, streamlining processes for opening foreign investment accounts, and allowing greater foreign ownership in local companies.

          Government Support and Ongoing Efforts

          Vietnam’s government, along with regulatory bodies such as the State Securities Commission and the State Bank, have made significant strides in aligning the country’s market with international standards. According to Deputy Minister of Finance Nguyễn Đức Chi, these reforms reflect Vietnam’s commitment to long-term, sustainable market development. The government has also worked closely with international organizations, ensuring that Vietnam's stock market is evaluated fairly and transparently.
          Vietnam’s Finance Minister, Nguyễn Văn Thắng, along with the Vietnam Stock Exchange (VNX), recently signed a memorandum of understanding (MOU) with FTSE Russell to strengthen market infrastructure and develop relevant indices. This move is seen as a crucial step toward solidifying Vietnam's position on the global investment map.
          Market analysts remain optimistic, with many predicting a positive outcome for Vietnam’s market upgrade. If successful, the country could aim for further elevation to MSCI’s Emerging Markets index in 2026–2027. This would cement Vietnam’s place in the global economic arena and provide an opportunity for continued market growth and development.

          A Critical Moment for Vietnam’s Stock Market

          While the FTSE Russell upgrade is a significant step forward, experts like SSI’s Nguyễn Duy Hưng caution that it is not the end of the journey. The market must continue to meet rigorous international standards and pursue additional reforms to fully realize its potential in the global investment ecosystem.
          As the October 8 deadline approaches, Vietnam’s stock market remains in suspense, awaiting FTSE Russell’s pivotal decision. An upgrade would represent a major achievement for the country, but the path ahead requires continued effort and commitment to achieving even higher standards, including the potential inclusion in MSCI's Emerging Markets index in the near future. With global investors closely watching, the next few years will be crucial for Vietnam’s stock market to prove its readiness for greater global integration.
          To stay updated on all economic events of today, please check out our Economic calendar
          Risk Warnings and Disclaimers
          You understand and acknowledge that there is a high degree of risk involved in trading. Following any strategies or investment methods may lead to potential losses. The content on the site is provided by our contributors and analysts for information purposes only. You are solely responsible for determining whether any trading assets, securities, strategy, or any other product is suitable for investing based on your own investment objectives and financial situation.
          Add to Favorites
          Share

          World Bank Upgrades China’s 2025 Growth Forecast to 4.8% Despite U.S. Trade Tensions

          Gerik

          Economic

          China's Economic Resilience Amid Global Trade Tensions

          The World Bank has upgraded its growth forecast for China, predicting a 4.8% expansion in 2025, up from 4% previously forecast in April. This marks a positive outlook for the country, aligning more closely with China's official target of around 5% GDP growth for the year. While the upgrade comes after a summer of heightened trade tensions with the U.S., which saw tariffs on Chinese goods temporarily escalate, the World Bank has acknowledged that China’s economy has benefitted from significant government support.
          Despite facing persistent trade issues, including a high tariff environment with the U.S., China’s exports have held strong, supported by increased shipments to Southeast Asia and Europe. The World Bank credits the country's stimulus measures, particularly targeted consumer programs, as key to sustaining retail sales and supporting export growth. However, with exports expected to ease in the coming years, a slowdown is anticipated.

          Challenges Remain for Domestic Consumption and Real Estate

          While the external sector has been a bright spot, domestic consumption has remained weak. Retail sales growth in August was only 3.4%, missing expectations, and real estate investment continued its downward trajectory with a 12.9% drop in the first eight months of the year. Despite strong tourism numbers during the “Golden Week” holiday, consumer spending showed signs of sluggishness, and economists warn that consumption growth could be weaker than official figures suggest.
          Further compounding domestic challenges, youth unemployment remains high, with one in seven young people out of work. Additionally, China faces structural issues, including an aging population and the pressures of technological disruption, which could hinder long-term growth. A key factor differentiating China from the U.S. is the limited job creation by startups, which are less effective in China compared to their U.S. counterparts.

          Outlook for 2026 and Beyond

          Looking ahead, the World Bank forecasts China’s GDP growth will slow further to 4.2% in 2026. This expected dip reflects a combination of lower export growth and a gradual reduction in government stimulus to prevent public debt from spiraling. As a result, China’s role in driving regional growth will diminish slightly, impacting other developing economies in East Asia.
          However, despite these challenges, the broader East Asia and Pacific region, buoyed by China's expected growth, is set to expand by 4.8% in 2025, according to the World Bank's updated projections. This represents a slight increase from the earlier forecast of 4%.
          In summary, while China’s short-term economic prospects are improved by strong export performance and government stimulus, long-term growth may face pressures from both domestic and international challenges, including the ongoing trade war with the U.S. and internal structural shifts.

          Source: CNBC

          To stay updated on all economic events of today, please check out our Economic calendar
          Risk Warnings and Disclaimers
          You understand and acknowledge that there is a high degree of risk involved in trading. Following any strategies or investment methods may lead to potential losses. The content on the site is provided by our contributors and analysts for information purposes only. You are solely responsible for determining whether any trading assets, securities, strategy, or any other product is suitable for investing based on your own investment objectives and financial situation.
          Add to Favorites
          Share

          AI Elites Continue to Drive Industry Growth, as OpenAI Partners with AMD and Figma Shares Surge

          Gerik

          Economic

          OpenAI and AMD Forge Stronger Ties

          In a significant development for the AI industry, OpenAI has announced a partnership with AMD to deploy 6 gigawatts of the company’s Instinct graphics processing units (GPUs) to support OpenAI’s expanding AI infrastructure. The deal also includes an option for OpenAI to acquire up to 10% of AMD, further cementing their collaboration in the AI space. This deal comes on the heels of OpenAI’s previous partnership with Nvidia, creating a tightly-knit ecosystem of companies that supply capital, technology, and computing power essential for AI growth.
          This deepening alliance among the industry’s key players – OpenAI, AMD, Nvidia, and Oracle – has led to what analysts describe as a “circular economy” in AI. While this approach has spurred rapid technological advancement, concerns are growing about the potential risks if any one of these crucial players falters.

          Figma and AI Sentiment Push Stock Prices Higher

          Following OpenAI’s announcement, Figma’s stock surged, fueled by CEO Sam Altman’s onstage promotion of the design software. This move highlights the continued optimism surrounding AI, with significant institutional and retail investments flowing into AI-related companies.
          Despite concerns about potentially overheated valuations, AI continues to capture the attention of investors, particularly as companies across sectors look to integrate artificial intelligence into their operations.

          The AI Arms Race and Its Impact on the Market

          As the AI arms race accelerates, analysts are closely monitoring whether the current “band of brothers” in the industry can meet the high expectations surrounding AI’s potential. With strong earnings anticipated from AI-focused companies, the industry’s rapid development may continue to push market sentiment.
          However, with AI driving much of the growth, questions remain about how long the trend can continue and whether the sector can manage the immense financial pressure. Wells Fargo’s chief equity strategist, Ohsung Kwon, noted that AI will dominate the third-quarter earnings season, underscoring the industry’s current impact.

          Global Implications: Japan and China

          Meanwhile, Japan’s bond market faces a potential shift as new Prime Minister Sanae Takaichi, with a pro-growth agenda, is expected to test the country’s fiscal policy and bond market stability. The markets are betting that Takaichi will maintain Japan’s dovish stance while increasing fiscal activity, which could push long-term yields higher.
          On the global stage, the World Bank raised its growth forecast for China, as the country’s economy is poised to benefit from AI investments and the overall global demand for technology-driven growth.
          OpenAI’s ongoing partnerships and the growing dominance of AI in the market are reshaping the technological landscape. With companies like OpenAI, AMD, and Figma at the forefront, the industry’s future appears promising, but risks remain. Investors are keeping a close eye on these developments as AI sentiment continues to dominate financial markets.

          Source: CNBC

          To stay updated on all economic events of today, please check out our Economic calendar
          Risk Warnings and Disclaimers
          You understand and acknowledge that there is a high degree of risk involved in trading. Following any strategies or investment methods may lead to potential losses. The content on the site is provided by our contributors and analysts for information purposes only. You are solely responsible for determining whether any trading assets, securities, strategy, or any other product is suitable for investing based on your own investment objectives and financial situation.
          Add to Favorites
          Share

          European Stocks Tumble Amid Political Uncertainty in France and Disappointing German Data

          Gerik

          Economic

          Stocks

          Political Crisis in France Weighs on European Markets

          European stocks edged lower on Tuesday, reflecting growing concerns following the resignation of French Prime Minister Sebastien Lecornu, which triggered political instability in France. The CAC 40 index fell by about 1.3% on Monday, with French banks, such as Societe Generale and BNP Paribas, facing significant losses. However, luxury stocks showed some resilience, with companies like Renault, Kering, and LVMH rebounding in early trading.
          Lecornu’s sudden resignation, just a day after appointing a new cabinet, has left markets uncertain about the future direction of French politics. Despite a call from President Emmanuel Macron for Lecornu to have further discussions with rival parties, the political chaos has created a ripple effect on investor sentiment. The resignation comes after a series of failed attempts to address France's mounting fiscal issues, which have contributed to the market downturn.

          Weak German Data and Corporate Updates Add to Market Caution

          In addition to France’s political drama, disappointing economic data from Germany exacerbated investor concerns. German factory orders for August fell by 0.8% compared to July, a significant miss from the expected 1.1% increase. This slowdown in the manufacturing sector has raised doubts about the strength of the Eurozone's largest economy.
          In corporate news, energy utility Naturgy saw its stock drop by 3.11% after announcing the sale of about 3.5% of its shares. The company is looking to join the MSCI indexes, a move that added to the negative sentiment surrounding the market.
          On a more positive note, Shell’s shares rose by 1.7% after the British oil giant reported that its trading in the gas division was expected to be significantly higher in Q3, despite a $600 million hit from the cancellation of its biofuels project in Rotterdam.

          Global Market Trends: U.S. Futures and Japan’s Record Highs

          Meanwhile, U.S. stock futures showed slight declines on Tuesday after Wall Street reached new highs, buoyed by optimism around potential mergers and acquisitions and expectations of a Federal Reserve rate cut. Despite concerns about the ongoing U.S. government shutdown, which has delayed key economic data, investor sentiment in the U.S. remained strong.
          In Asia, Japan’s Nikkei 225 hit another record high on Tuesday, following the positive momentum from the tech sector on Wall Street.
          The political instability in France, compounded by disappointing economic data from Germany, contributed to the overall decline in European markets on Tuesday. While luxury stocks showed resilience, the broader market sentiment remained cautious. The ongoing U.S. government shutdown and uncertainty surrounding the global economy continue to weigh on investor confidence across markets.

          Source: CNBC

          To stay updated on all economic events of today, please check out our Economic calendar
          Risk Warnings and Disclaimers
          You understand and acknowledge that there is a high degree of risk involved in trading. Following any strategies or investment methods may lead to potential losses. The content on the site is provided by our contributors and analysts for information purposes only. You are solely responsible for determining whether any trading assets, securities, strategy, or any other product is suitable for investing based on your own investment objectives and financial situation.
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          Gold Nears $4,000 as US Shutdown and Global Crises Drive Demand

          Gerik

          Economic

          Commodity

          Gold Prices Surge as Global Uncertainties Propel Demand

          Gold prices reached a new all-time high, pushing toward the $4,000 per ounce mark, as the ongoing US government shutdown and political instability in France added uncertainty to global markets. On Monday, gold surged 1.9%, reaching $3,977.44 an ounce. The extended US government shutdown, which has halted key economic data releases, has left investors in a state of uncertainty about the US economy's health, further driving demand for safe-haven assets like gold.
          In addition to US political drama, the resignation of French Prime Minister Sebastien Lecornu and the potential rise of Japan's first female prime minister, Sanae Takaichi, have increased concerns about fiscal stability, further contributing to the surge in gold prices. Gold’s upward trajectory has been supported by continued institutional and retail investments, especially in Europe and Japan, as traders seek refuge from volatile markets.
          The US Federal Reserve's decision to lower interest rates, paired with ongoing gold-buying by central banks, has further bolstered gold’s appeal. The People’s Bank of China extended its gold-buying streak for an 11th consecutive month in September, adding to the bullish sentiment.

          Investor Sentiment and the Future Outlook for Gold

          Goldman Sachs has raised its gold price forecast for December 2026 to $4,900 per ounce, citing ETF inflows and central bank buying as major drivers of this growth. With gold becoming an increasingly attractive hedge against the US dollar and global economic shocks, experts suggest a 5% portfolio allocation to gold as a prudent move.
          Gold’s rally is not only driven by geopolitical events but also by a shift in investor sentiment, with many now viewing gold as a safer asset than the US dollar. As central banks continue to purchase gold and institutional investors increasingly allocate funds to the precious metal, the outlook for gold remains positive. Analysts expect gold’s price to continue rising, with many predicting a significant upside in the coming years.

          Source: Bloomberg

          To stay updated on all economic events of today, please check out our Economic calendar
          Risk Warnings and Disclaimers
          You understand and acknowledge that there is a high degree of risk involved in trading. Following any strategies or investment methods may lead to potential losses. The content on the site is provided by our contributors and analysts for information purposes only. You are solely responsible for determining whether any trading assets, securities, strategy, or any other product is suitable for investing based on your own investment objectives and financial situation.
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          IC Markets Asia Fundamental Forecast | 07 October 2025

          IC Markets

          Economic

          Commodity

          Forex

          What happened in the U.S. session?

          Shutdown-driven data blackout kept traders focused on Fed communications while haven demand pushed gold above $3,900, oil firmed on a small OPEC+ hike, Treasury yields nudged up, and equity futures stayed positive; the biggest movers were gold, WTI, U.S. Treasuries, U.S. stock futures, and Bitcoin under the same macro narrative.

          What does it mean for the Asia Session?

          Tuesday’s Asian market trading will be guided by macro events such as the RBNZ rate decision, ongoing Japanese political changes, and updates from the ECB’s Lagarde later in the day. The US government shutdown continues to delay major economic releases, sustaining a cautious yet volatile trading environment across risk assets and major FX pairs.

          The Dollar Index (DXY)

          The US Dollar starts the week consolidating after robust gains, with global risk sentiment, Fed policy outlook, and geopolitical uncertainties all playing major roles. The balance of strong data, slowing labor momentum, and persistent inflation will dictate the Dollar’s performance, with an eye on upcoming Fed statements and global event risks.

          Central Bank Notes:

          ● The Federal Open Market Committee (FOMC) voted, by majority, to lower the federal funds rate target range by 25 basis points to 4.00%–4.25% at its September 16–17, 2025, meeting, marking the first policy rate adjustment since December 2024 after five consecutive holds.
          ● The Committee maintained its long-term objective of achieving maximum employment and 2% inflation, acknowledging recent labor market softening and continued tariff-driven price pressures.
          ● Policymakers expressed elevated concern about downside risks to growth, citing a stalling labor market, modest job creation, and an unemployment rate drifting up toward 4.4%. At the same time, inflation remains above target, with CPI at 3.2% and core inflation at 3.1% as of August 2025; higher energy and food prices, largely attributable to tariffs, continue to weigh on headline measures.
          ● Although economic activity expanded at a moderate pace in the third quarter, the growth outlook has weakened. Q3 GDP growth is estimated near 1.0% (annualized), with full-year 2025 GDP growth guidance revised to 1.2%, reflecting slowing household consumption and tighter financial conditions.
          ● In the updated Summary of Economic Projections, the unemployment rate is projected to average 4.5% for the year, with headline PCE inflation revised up slightly to 3.1% for 2025. The Committee anticipates core PCE inflation to remain stubborn, requiring sustained vigilance and a flexible approach to risk management.
          ● The Committee reiterated its data-dependent approach and openness to further adjustments should employment or inflation deviate meaningfully from current forecasts. Several members dissented, either advocating a larger 50-basis-point cut or preferring no adjustment at this meeting, revealing heightened divergence within the Committee.
          ● Balance sheet reduction continues at a measured pace. The monthly Treasury redemption cap remains at $5B and the agency MBS cap at $35B, as the Board aims to support orderly market conditions in the face of evolving global and domestic uncertainty.
          ● The next meeting is scheduled for 28 to 29 October 2025.

          Next 24 Hours Bias

          Weak Bullish

          Gold (XAU)

          Gold’s record-setting rally is backed by safe-haven flows and dovish monetary policy expectations, but extreme overbought signals suggest caution for traders as volatility could increase if economic or policy surprises occur. Gold prices have surged to record highs, trading just under $4,000 per ounce amid global economic and political uncertainty, strong safe-haven demand, and expectations of further U.S. interest rate cuts.Next 24 Hours BiasMedium Bullish

          The Australian Dollar (AUD)

          The Australian Dollar (AUD) is experiencing a mixture of stabilizing domestic factors and shifting global sentiment. The AUD/USD pair traded near 0.6593 on October 6, reflecting a marginal decline of 0.16% from the previous session and a 0.07% weakening over the past month. The currency remains range-bound, with technical resistance around 0.6610 and near-term targets above 0.6700 if global risk appetite holds.

          Central Bank Notes:

          ● The RBA held its cash rate steady at 3.60% at its October meeting on 29–30 September 2025, marking a second consecutive pause after August’s 25 basis point cut. The move affirms the Bank’s data-dependent approach as inflation continues to trend within the target range.
          ● Inflation indicators remained stable through September, with headline CPI likely anchoring near 2.2%—comfortably within the 2–3% band. Insurance and housing costs remain sticky but are increasingly offset by moderation in discretionary goods.
          ● Trimmed mean inflation is estimated at around 2.8%, signaling underlying pressures remain contained. The Board continues to flag food and energy price volatility as short-term risks, though the broader disinflation narrative holds.
          ● Global conditions remain a source of uncertainty. U.S. policy expectations and uneven growth in China continue to weigh on commodities, even as trade disruptions have eased marginally since mid-year.
          ● Domestic growth shows resilience in the housing and services sectors, though manufacturing remains subdued. Household incomes have stabilized, but consumption remains only modest, capped by high borrowing costs.
          ● The labor market maintains relative tightness, though job growth has slowed notably since the first half of the year. Underutilization has ticked higher, but overall employment conditions remain supportive.
          ● Wage growth is plateauing, reflecting softer labour demand. Weak productivity continues to keep unit labour costs elevated, underscoring a medium-term concern highlighted repeatedly by the RBA.
          ● Household consumption prospects remain fragile. The combination of high rents and weak discretionary appetite suggests risks of a consumer-led slowdown in Q4 if confidence fails to rebound.
          ● The Board reiterated that subdued household spending poses risks to business sentiment and may dampen investment and job creation in the coming quarters.
          ● Monetary policy remains mildly restrictive. The RBA balanced confidence in inflation progress with caution around global and domestic demand risks, keeping further adjustments conditional on incoming data.
          ● The Bank reaffirmed its dual commitment to price stability and full employment, noting its readiness to act should conditions shift markedly.
          ● The next meeting is on 5 to 6 November 2025.

          Next 24 Hours Bias

          Weak Bullish

          The Kiwi Dollar (NZD)

          The New Zealand Dollar is likely to remain muted today, focused on upcoming policy action and further economic releases, with traders watching for signs of either a confirmed breakout or deeper downside if sentiment sours further. The NZD remains under pressure as markets widely expect the Reserve Bank of New Zealand (RBNZ) to cut rates at its next meeting, with consensus predicting a reduction from 3.00% to 2.75%. This expectation has weighed on the currency, as cuts typically diminish investor appeal.Central Bank Notes:

          ● The Monetary Policy Committee (MPC) agreed to cut the Official Cash Rate (OCR) by 25 basis points to 3.00% on 20 August 2025, marking a three-year low and continuing the easing cycle after July’s pause. The vote was split 4-2, with two members advocating a 50-basis-point cut, highlighting diverging views within the Committee.
          ● Policymakers indicated that significant uncertainty and a stalling economic recovery prompted this move, leaving the door open for further rate cuts later in the year, with a possible trough around 2.5% by December.
          ● Annual consumer price index inflation rose to 2.7% in the June quarter and is expected to reach 3% for the September quarter—at the upper end of the MPC’s 1 to 3% target band—but medium-term expectations remain anchored near the 2% midpoint.
          ● Despite the near-term uptick, headline inflation is projected to return toward 2% by mid-2026, as tradables inflation pressures ease and significant spare capacity continues to dampen domestic price momentum.
          ● Domestic financial conditions are broadly aligning with MPC expectations, as lower wholesale rates have translated into reduced borrowing costs for households. However, declining consumption and investment demand, higher unemployment, and subdued wage growth reflect ongoing economic slack.
          ● GDP growth stalled in the second quarter of 2025, contrasting with earlier projections. High-frequency indicators point to continued weakness driven by rising prices for essentials, weakening household savings, and constrained business lending.
          ● The MPC cautioned that ongoing global tariff uncertainties and policy shifts, especially recent changes in US trade regulations, could amplify market volatility and present both upside and downside risks to New Zealand’s recovery.
          ● Subject to medium-term inflation pressures continuing to ease as projected, the MPC signaled scope for further OCR cuts, possibly down to 2.5% by year-end, consistent with the latest Monetary Policy Statement outlook.
          ● The next meeting is on 22 October 2025.

          Next 24 Hours Bias

          Medium Bearish

          The Japanese Yen (JPY)

          The Japanese Yen is under strong selling pressure entering primarily driven by political developments with the new LDP leader Sanae Takaichi, who is seen as favoring fiscal stimulus and looser monetary policy. This has led to expectations that the Bank of Japan will hold back on interest rate hikes, contributing to yen depreciation against major currencies, especially the US dollar. The yen’s weakness is coupled with cautious bets on incoming monetary policy changes and a mixed outlook on USD/JPY movements with potential short-term rebounds but overall downward pressure in the coming days.Central Bank Notes:

          ● The Policy Board of the Bank of Japan decided on 17 September, by a unanimous vote, to set the following guidelines for money market operations for the inter-meeting period:
          ● The Bank will encourage the uncollateralized overnight call rate to remain at around 0.5%.
          ● The BOJ will continue its gradual reduction of monthly outright purchases of Japanese Government Bonds (JGBs). The scheduled amount of long-term government bond purchases remains unchanged from the prior decision, with a quarterly reduction pace of about ¥400 billion through March 2026 and about ¥200 billion per quarter from April to June 2026 onward, aiming for a purchase level near ¥2 trillion in January to March 2027.
          ● Japan’s economy continues to show a moderate recovery, with household consumption supported by rising incomes, although corporate activity has softened somewhat. Overseas economies remain on a moderate growth path, with the impact of global trade policies still weighing on Japan’s export and industrial production outlook.
          ● On the price front, the year-on-year rate of change in consumer prices (excluding fresh food) remains in the mid-3% range. Inflationary pressures remain broad-based, with persistent cost-push factors in food and energy, alongside solid wage pass-through. However, input cost pressures from past import surges are showing early signs of easing.
          ● Short-term inflation momentum may moderate as cost-push effects diminish, though rent increases and service-related price gains tied to labor shortages are likely to provide support. Inflation expectations among firms and households continue a gradual upward drift.
          ● Looking ahead, the economy is projected to grow at a slower-than-trend pace in the near term due to external demand softness and cautious corporate investment plans. However, accommodative financial conditions and steady increases in real labor income are expected to underpin domestic demand.
          ● In the medium term, as overseas economies recover and global trade stabilizes, Japan’s growth potential is likely to improve. With persistent labor market tightness and rising medium- to long-term inflation expectations, core inflation is projected to remain on a gradual upward trend, converging toward the 2% price stability target in the latter half of the projection horizon.
          ● The next meeting is scheduled for 30 to 31 October 2025.

          Next 24 Hours Bias

          Strong Bearish

          Oil

          The latest developments for the oil market on Tuesday, October 7, 2025, revolve around OPEC+ announcing a modest increase in oil production by 137,000 barrels per day starting in November, the same increase as in October. This cautious move helped oil prices rise about 1-1.5% on Monday after some concerns over a potential supply glut. Brent crude oil was trading around $65.30 per barrel, and U.S. West Texas Intermediate crude around $61.59 per barrel.Next 24 Hours BiasWeak Bullish

          Source: IC Markets

          To stay updated on all economic events of today, please check out our Economic calendar
          Risk Warnings and Disclaimers
          You understand and acknowledge that there is a high degree of risk involved in trading. Following any strategies or investment methods may lead to potential losses. The content on the site is provided by our contributors and analysts for information purposes only. You are solely responsible for determining whether any trading assets, securities, strategy, or any other product is suitable for investing based on your own investment objectives and financial situation.
          Add to Favorites
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