This article has been translated from English to Gen Z Slang.
The markets were giving off some sus vibes on Tuesday – kind of all over the place. 😂 With no big news dropping, traders were out here dodging curveballs from French drama, Japan getting a new leader, and the endless U.S. gov shutdown sitch. 😅
Peeps, don't snooze on the recent deets and news you def wanna catch from the latest trading sessions! 📈
Headlines & Data:
- New Zealand NZIER Business Confidence for September 30, 2025: 18.0% (19.0% forecast; 22.0% previous) 😬
- Australia Westpac Consumer Confidence Change for October 2025: -3.5% to 92.1 (3.2% forecast; -3.1% previous) 🤔
- Japan Household Spending for August 2025: 2.3% y/y (1.2% y/y forecast; 1.4% y/y previous); 0.6% m/m (0.3% m/m forecast; 1.7% m/m previous) 🔥
- Australia ANZ-Indeed Job Ads for September 2025: -3.3% m/m (-0.4% m/m forecast; 0.1% m/m previous) 📉
- Japan Leading Economic Index Prel for August 2025: 107.4 (106.4 forecast; 106.1 previous) ✨
- Germany Factory Orders for August 2025: -0.8% m/m (1.5% m/m forecast; -2.9% m/m previous) 🏭
- U.K. Halifax House Price Index for September 2025: -0.3% m/m (0.2% m/m forecast; 0.3% m/m previous); 1.3% y/y (2.2% y/y forecast; 2.2% y/y) 🏠
- France Balance of Trade for August 2025: -5.5B (-4.9B forecast; -5.6B previous) 📉
- Canada Balance of Trade for August 2025: -6.32B (-3.5B forecast; -4.94B previous) 🍁
- Canada Ivey PMI s.a for September 2025: 59.8 (51.0 forecast; 50.1 previous) 🔢
- Federal Reserve Governor Stephen Miran thinks the Fed can keep cutting rates thanks to low-key inflation vibes and slow pop growth 📉
- U.S. Consumer Inflation Expectations for September 2025: 3.4% (3.1% forecast; 3.2% previous) 💸
- New Zealand Global Dairy Trade Price Index for October 7, 2025: -1.6% (1.0% forecast; -0.8% previous) 🐄
- On Tuesday, Kashkari from the Fed said serious rate cuts might bring the heat on inflation 🔥
- U.S. Consumer Credit Change for August 2025: 0.36B (12.0B forecast; 16.01B previous) 🤑
Broad Market Price Action:
Dollar Index, Gold, S&P 500, Oil, U.S. 10-yr Yield, Bitcoin Overlay Chart by TradingView
Tuesday's session was like party, no major moves in Asia and London, but the U.S. session was lit for cautious peeps with the Greenback and gold snatching up gains. With no major party poopers, it probs was just some repositioning after that wild risk rally. ✌️
Gold hit a boss level at $4,004.40, flexing with a 0.7% pop, even levelling up to $4,009 at one point. It’s been serving more heat this year than during 'rona times and the '07-'09 recession. New worries about budget squads, bank vibes, and world drama might have this shiny metal glowing up! 💰
The S&P 500 tripped to around 6,715, taking a chill pill after maxing out with all-time highs just screaming for a pause. Meanwhile, the Nasdaq was dragging by 0.47% as tech titans like Oracle brought it down with low-key cloud margin tea. ☁️
Oil made a little climb after a shaky ride, maybe thanks to OPEC+’s early decision to up production just a bit – West Texas Intermediate went over $61 a barrel after catching those rough waves last week. 🤷♂️
Bitcoin took an L on this session, likely coz techy assets dipped and maybe some peeps were cashing out after hitting $126K – ain't no big crypto scoops to blame here. 💸
US 10-year yields did a little drop by two basis points to 4.13%, 'cause bonds found support during a mega $58 billion Treasury auction. 💵
FX Market Behavior: U.S. Dollar vs. Majors:
Overlay of USD vs. Majors Chart by TradingView
The dollar was flexing mad power on Tuesday, gaining steam from Asia to London and chilling a bit later in the U.S. afternoon. With nothing big sparking it, probs the counter currency struggle bus was boostin’ the Dollar. 💪
The Greenback was on a roll from Asia to London. The yen dropped majorly, taking its biggest nosedive in 5 months, sinking 1.9% to chill at 150.35 per dollar. This drama came after Sanae Takaichi scooped the Prime Minister title in Japan, and folks are worried she might drop more debt for those tax cuts. 😲
The euro stumbled, down 0.3% against the dollar, as the French bond drama played out with Lecornu throwing in the towel, sending 10-year yields moving up 11 basis points. This political frenzy is making people nervous about France's budget game. 😬
Despite the U.S. shutdown saga and crazy mixed data, the Greenback stayed shining as uncertainties piled up, ending the week strong as the go-to currency. 📈
Upcoming Potential Catalysts on the Economic Calendar
- Japan Average Cash Earnings for August 2025 at 11:30 pm GMT 📈
- Japan Current Account for August 2025 at 11:50 pm GMT 🕰️
- Australia RBA Annual Report 2025 📊
- Australia Building Permits Final for August 2025 at 12:30 am GMT 🏗️
- RBNZ Interest Rate Decision for October 8, 2025 at 2:00 am GMT 💰
- Japan Eco Watchers Survey Outlook for September 2025 at 5:00 am GMT 🌱
- Germany Industrial Production for August 2025 at 6:00 am GMT 🏭
- U.S. MBA 30-Year Mortgage Rate for October 3, 2025 at 11:00 am GMT 🔑
- U.S. MBA Mortgage Applications for October 3, 2025 at 11:00 am GMT 🏠
- U.S. Fed Musalem Speech at 1:20 pm GMT 🗣️
- U.S. Fed Barr Speech at 1:30 pm GMT 📜
- U.S. EIA Crude Oil Stocks Change for October 3, 2025 at 2:30 pm GMT 🛢️
- U.K. BoE Pill Speech at 3:00 pm GMT 💬
- ECB President Lagarde Speech at 4:00 pm GMT 🗣️
- FOMC Minutes at 6:00 pm GMT ⏰
All eyes on the Reserve Bank of New Zealand’s rate decision; a 25 bps cut’s on the table since the economy's slowing its roll. 🤔
The FOMC minutes bout to spill the tea on their September talks, esp about jugglin’ inflation moods and growth vibes. 📊
Ayy, if the U.S. shutdown saga finds an ending, major market moves incoming since it’s been stalling key data and sparking job loss fears. 🙈
Peepin’ on those Fed speeches all week to catch clues for the October meet, with policymakers split on how fast to shift rates. 🎤
Keep it lit, forex fam, and don’t you dare forget to scope out our Forex Correlation Calculator before making moves! 🔥
