This article has been translated from English to Gen Z Slang.
Yo fam, the vibes were wild this Wednesday as the markets kinda skipped past the first US gov shutdown in seven years like it was NBD. Stocks were 💪 for the fourth day in a row, even while Washington was a hot mess. The wild ADP payrolls miss had the Fed rethinking rate cuts, so Treasury yields dipped, and you know it, gold and Bitcoin strutted up! 🚀
Catch up on those spicy headlines and econ tea you might've missed in the latest trading sessions! 📰
Headlines & Data:
- U.S. Gov Shutdown kicks off at 12:01 AM ET cause the squad on Capitol Hill couldn’t put a dollar in the jukebox, ya feel? 🤦♂️
- Australia’s AIG Manufacturing Index for Sep 2025: big oof at -13.2 (-22.0 said the rumor mill; -20.9 last time)
- Japan's Tankan Vibes for Big Manufacturers Q3 2025: chillin' at 14.0 (15.0 was the hope; 13.0 was past tea)
- Japan’s S&P Global Manufacturing PMI Final for September 2025 is literally 48.5 (48.4 on bated breath; 49.7 what dreams are made of)
- U.K. House Prices Sep 2025: UP 0.5% m/m (0.6% dream 🌙); a wild 2.2% y/y (2.1% word on the street)
- Swiss Manufacturing PMI Sep 2025: it's low-key sad at 46.3 (47.5 was on the horizon; 49.0 was the last Gemini)
- Eurozone's HCOB Manufacturing PMI for Sep 2025: chillin' at 49.8 (49.5 in the ether; 50.7 otherwise)
- Euro area CPI Sneak Peek for Sep 2025 posted at 2.2% y/y (right on forecast—someone buy a lottery ticket, stat; 2.0% previous)
- U.S. ADP Employment for Sep 2025: a big oof at -32.0k (40.0k singing in the rain; 54.0k better times remembered) – first sad print in a hot minute
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U.S. ISM Manufacturing PMI for Sep 2025 showcasing a 49.1 (49.0 on the tellies; 48.7 last time) – seven whole months of sub 50 vibes
- U.S. ISM Manufacturing Jobs: 45.3 (44.0 on the internal Slack; 43.8 tea last time)
- U.S. ISM Manufacturing Prices: 61.9 (63.6 in the haze; 63.7 was the vibe)
Broad Market Price Action:
Dollar Index, Gold, S&P 500, Oil, U.S. 10-yr Yield, Bitcoin Overlay Chart by TradingView
Wednesday came in with the drama of the first U.S. shutdown since '18-'19, but our risk assets? Steady as they come! 👌 Weak labor market data had peeps betting the Fed's gonna cut rates faster than a TikTok trend fades, TBH.
The S&P 500 was vibin’ higher for the fourth sesh straight, cause traders were like "what shutdown?" and more into how employment deets might sway money moves. Tech stocks were poppin'—shoutout to Nvidia riding high with CoreWeave’s mega AI cloud deal with Meta. 🚀🔥
Gold was making gains again, futures blasting above $3,900 per ounce, creating a storm of lit factors—gov drama, sketchy employment data, and Fed easings all brought the bling. 💰 Shutdown fears were a real thing with potential delays on lit econ stats like Friday's crucial U.S. non-farm payrolls.
WTI crude oil was feeling the heat, dropping to lows like $61.40—a product of all the "OPEC+ might OK another production boost" jitters, probs adding at least 137,000 barrels a day to the mix. Plus, more crude from Iraq's Kurdistan Region hitting Turkey just had to be a thing. 😬
Bitcoin saw some bull energy too, peeking above $118,000 as folks started appreciating it as the alt asset of the gamer's dream amidst the U.S.'s drama. Metaplanet's buying spree of 5K BTC during the London grind was like extra rich sauce on pancakes. 🥞💰
10-year Treasury yield grazed 4.085% and chilled around 4.10% while bonds took their rally cues from the U.S. maintenance shutdown saga and that disastah of an ADP employment report showing the first shrink in private payrolls in forever. 😵💫
FX Market Behavior: U.S. Dollar vs. Majors:
Overlay of USD vs. Majors Chart by TradingView
The dolla had a rollercoaster moment on Wednesday, bellies full of butterflies after the U.S. boiler room shutdown and that tear-inducing ADP drop before making a rebound during the U.S. PM shenanigans. 🌊
Greenback was all zen at the Asian sesh before it did the drift downward as the gov shutdown vibes left the building in the Asia Times. US Politicos? 🍿 They fumbled the bag 🚨 for Fed funding talks, sparking "will we even get deets?" moments. Uh-oh, pow! Labor Statistics said peace out to reports during shutdown, meaning no usual September jobs tea this Friday.#Alas
This spillugi transformed the chaos of the week into the ADP Non-farm payroll deets drop, with private gigs going down by 32,000 jobs in September, while everyone expected 45,000 more gigs. This twist marked a major-phase gloomy tbh, sending our fave greenback scurrying low like a Gen Z running after TikTok clout.
Yet, it wasn’t all sad. Thanks to ISM Manufacturing PMI glowing up slightly, the dollar saw a resurgence.🏃♂️ Headline numbers were in the red yet one ounce better than expectations. That uptick probs came from peeps balancing their faves 'n portfolios amid the shutdown drama! 🔍
Packaged currencies had their moves. Yen was that overachieving cousin rocking the safe-haven edge thanks to U.S. drama. Euro? Hanging tight while eurozone inflation hit a hyped 2.2% as guessed. Commodities currencies saw their own vibes, though, balancing between WG30 WorldGen worries and U.S. Dollar shenanigans.
Upcoming Potential Catalysts on the Economic Calendar
- Australia’s trade deets for Aug 2025 at 1:30 am GMT. Could spice up the pot.
- Australia RBA Financial Stability Rev Report dropping @ 1:30 am GMT. Lit alerts only.
- Japan Delivers Consumer Confidence Vibes for September 2025 around 5:00 am GMT
- Swiss CPI Glow-up Rate for September 2025, done @ 6:30 am GMT
- Eurozone Unemployment Facts from Aug 2025 spill @ 9:00 am GMT
- U.S. Challenger Job Slices for Sep 2025 dished out @ 11:30 am GMT
- U.S. Entry-Level Jobless Claims dropping for Sept 27, 2025, if blessed.
- U.S. August 2025 Factory Orders — TBD.
- U.S. Fed Logan Gives the Word @ 2:30 pm GMT.
Thursday’s tea-pour could seem weak compared to whatever was on the table yesterday, but a few zesty deets are there. Swissy inflation in the line-up, could play with SNB policy bonds, meaning, CHF traders better come prepped 💪.
Typically, Thursdays are jobless claims time, but thanks to the gov shutdown, that’s a goner. The U.S. Challenger Job Cuts vibe is the top boi for possible moves during the U.S. drama-honey sesh.
Dudes, stay prepped for any shutdown meshgars. VP JD Vance is on mass media vibes saying this shutdown’s a mini, but the White House threatens quick worker sackoffs if it drags, adding some mega ‘ini-minis’ to the already bumpy fiscal coaster. 🎢🆘
Stay chill out there forex crew and make sure to peek at our Forex Correlation Calculator when making any slick trades! 💰🤑
