Turkey’s current account balance reached $1.112 billion in September, surpassing expectations of $1 billion. This exceeded forecast indicates a minor improvement in the economic situation.<\/p>\n
UK’s labour market displayed weakness, with a rising unemployment rate in the third quarter reaching a pandemic high. The number of individuals on the payroll continues to decrease, and this trend is predicted to persist into October.<\/p>\n
Gold experienced an intraday dip but reversed to a level just below a three-week high. This reaction corresponds to positive developments toward the reopening of the US government, affecting risk sentiment and consequently the precious metal’s movement.<\/p>\n
Chainlink remains stable at around $15.35 as demand increases. Staking rewards and heightened whale activity have strengthened interest in the token, providing a boost to network engagement and participation.<\/p>\n
The currency markets are observing varied trends, with EUR\/USD consolidating below 1.1600, awaiting crucial US financial developments. The GBP\/USD is slightly stable near 1.3150, benefiting from improvements in risk sentiment, despite weak UK data affecting other currency pairs.<\/p>\n
Turkey’s current account surplus in September was a welcome surprise, beating expectations slightly. However, this positive data must be viewed cautiously given the country’s ongoing economic challenges. With inflation figures from October 2025 still showing a rate over 40%, the Lira remains vulnerable to shifts in global risk sentiment.<\/p>\n
All eyes are on the US, where we are waiting for a House vote on the funding bill to avoid a government shutdown. This political uncertainty is happening as the latest CPI data for October came in at a stubborn 3.5%, complicating the Federal Reserve’s path forward. Consequently, trading the dollar requires watching for Fed commentary, as any hints about future policy will cause significant moves.<\/p>\n
The British Pound continues to struggle, weighed down by expectations that the Bank of England will adopt a more dovish stance. Recent labour market data showed UK unemployment has risen to 4.9%, a sharp increase over the past year and nearing the highs we saw back in 2021. This weakness makes selling rallies in GBP\/USD a potentially viable strategy, especially as the pair trades within its expected 1.3065\/1.3230 range.<\/p>\n
The relentless climb of USD\/JPY to the 155 level is a direct result of the widening interest rate gap between the US and Japan. The Bank of Japan has shown little appetite to abandon its ultra-loose monetary policy, even after years of sustained Yen weakness. Traders should be cautious of intervention from Japanese authorities but recognize the underlying trend remains powerfully upward.<\/p>\n
Gold’s position just below its three-week high near $4,100 shows how sensitive the metal is to risk sentiment. A resolution to the US government funding issue could boost risk appetite and act as a headwind for the safe-haven asset. Derivative traders might consider strategies that profit from either a breakout above recent highs on renewed uncertainty or a drop if the political situation stabilizes.<\/p>\n
Create your live VT Markets account<\/a>\u00a0and\u00a0start trading<\/a>\u00a0now. <\/b><\/p>\n","protected":false},"excerpt":{"rendered":" Turkey’s surplus beats forecasts; UK job market weakens; gold rebounds; Chainlink stable amid rising interest.<\/p>\n","protected":false},"author":62,"featured_media":16976,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[59],"tags":[],"class_list":["post-34685","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-live-updates"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/posts\/34685","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/users\/62"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/comments?post=34685"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/posts\/34685\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/media\/16976"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/media?parent=34685"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/categories?post=34685"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/tags?post=34685"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}