This article has been translated from English to Gen Z Slang.
Tech stocks just hit fresh peaks on Thursday, while peeps were like, "Government shutdown, what? 🤷♂️" Instead, everyone's vibing on Russia's latest drama, where they're threatening clapbacks if the U.S. gets all missile-happy in Ukraine. Meanwhile, the dollar's doing the cha-cha with these shutdown rumors, but gold is all "I ain't stopping!" as it shoots for $3,900. 💰
Peep the latest tea and economic updates you might've missed in the latest trading sessions! 👀
Headlines & Data:
- Australia Balance of Trade for August 2025: 1.83B (7.1B forecast; 7.31B previous)
- Australia Imports for August 2025: 3.2% m/m (-1.3% m/m previous)
- Australia Exports for August 2025: -7.8% m/m (3.3% m/m previous)
- Australia Household Spending for August 2025: 0.1% m/m (0.3% m/m forecast; 0.5% m/m previous); 5.0% y/y (5.3% y/y forecast; 5.1% y/y previous)
- Japan Consumer Confidence for September 2025: 35.3 (35.5 forecast; 34.9 previous)
- Swiss Consumer Price Index Growth Rate for September 2025: -0.2% m/m (-0.1% m/m forecast; -0.1% m/m previous); 0.2% y/y (0.2% y/y forecast; 0.2% y/y previous)
- Euro area Unemployment Rate for August 2025: 6.3% (6.2% forecast; 6.2% previous)
- U.S. Challenger Job Cuts for September 2025: 54.06k (150.0k forecast; 85.98k previous)
- U.S. EIA Natural Gas Stocks Change for September 26, 2025: 53.0Bcf (75.0Bcf previous)
- U.S. Fed Balance Sheet for October 1, 2025: 6.59 (6.8 forecast; 6.61 previous)
- Russia warns of ‘appropriate’ response if US sends Tomahawks to Ukraine
- U.S. House Speaker Mike Johnson addresses government shutdown in news conference, saying Republicans ‘have nothing to negotiate’
Broad Market Price Action:
Dollar Index, Gold, S&P 500, Oil, U.S. 10-yr Yield, Bitcoin Overlay Chart by TradingView
Thursday’s session was a rollercoaster 🎢 with Russia's missile drama clapping back at shutdown shenanigans. But hey, as the day ended, everyone mellowed out. 🤙
The S&P 500 snatched a 0.13% gain, clocking in at 6,715.35, flexing for the fifth time in a row like a boss. Yep, the tech crew had our backs, with the Nasdaq 100 up 0.39% to 22,844.05. Nvidia, led by some mad AI hype, hit new highs too, thanks to OpenAI's insane $500 billion valuation shocker. 💹
Gold took a chill pill, dropping 0.24% to about $3,865 per oz, taking a little breather after flexing past $3,900. It's still kinda bougie thanks to shutdown anxiety and potential Fed money printer action. 📈
WTI oil kept dropping like it's hot, losing 1.35% to just chill out near $60.60. That's four months low, lads. OPEC's weekend plans to pump more, and Trump's Gaza peace vibes prob helped. ⛽️
Bitcoin shot up 2.4% to over $120k, proving it’s still everyone's edgy alt asset fave during trad market shaky vibes. 🚀
The 10-year Treasury yield dipped by 4 points to 4.08%, with bonds getting love since Tomahawk hype got folks needing a safe space. Still, U.S. shutdown vibes and inflation nos still kept things tense. 🔥
FX Market Behavior: U.S. Dollar vs. Majors:
Overlay of USD vs. Majors Chart by TradingView
The dollar was riding that twisty-turny wave on Thursday, yo. 🌊 Started chill in Asia and London, then flexed during this drama with Russia. But when govt por pals hit the pause button 🙅♀️, it chilled again.
It was vibin’ steady in Asia, then caught the feels around the early U.S. sesh. This was when Russia flexed about an “appropriate” clapback if any Tomahawks were heading to Ukraine. NATO x Moscow drama, whoo! 😬
Then it hit reverse at 11:30 AM ET when Speaker dude Mike Johnson said Republicans are outta here with negotiations during this shutdown mess. That hard stance scared away the dollar stans as it meant extended shutdown stress. 🔥
Trump’s mulling over cutting “thousands” of federal gigs with budget boss Vought. The talk 'bout cutting jobs in shutdown crisis kinda made the dollar quake too, adding that extra drama. 😶🌫️
Upcoming Potential Catalysts on the Economic Calendar
- Australia S&P Global Services PMI Final for September 2025 at 11:00 pm GMT
- Japan Unemployment Rate for August 2025 at 11:30 pm GMT
- Japan S&P Global Services PMI Final for September 2025 at 12:30 am GMT
- Japan BOJ Gov Ueda Speech at 1:05 am GMT
- Euro area HCOB Services PMI Final for September 2025 at 8:00 am GMT
- U.K. S&P Global Services PMI Final for September 2025 at 8:30 am GMT
- Euro area PPI for August 2025 at 9:00 am GMT
- Euro area ECB President Lagarde Speech at 9:40 am GMT
- U.S. Fed Williams Speech at 10:05 am GMT
- U.S. Nonfarm Payrolls for September 2025
- U.S. Unemployment Rate for September 2025
- U.K. BoE Gov Bailey Speech at 1:20 pm GMT
- Canada S&P Global Services PMI for September 2025 at 1:30 pm GMT
- U.S. S&P Global Services PMI Final for September 2025 at 1:45 pm GMT
- Euro area ECB Schnabel Speech at 1:50 pm GMT
- U.S. ISM Services PMI for September 2025 at 2:00 pm GMT
- U.S. Fed Jefferson Speech at 5:40 pm GMT
Friday's session will go heavy with shutdown updates and any Russia-Ukraine tea following those missile vibes ⛄.
With the official NFP party probs taking a raincheck 'cause of shutdown, all eyes on ISM Services PMI like it's the only gig in town. We gotta see if services keep flexing while manufacturing's snoozing. Any number below 50, and it's panic at the disco! 🎶
Stay savage out there forex fam, and don't forget to check out our Forex Correlation Calculator before diving into any trades! 💪📊
