Insights 
VT 
The Argentina Consumer Price Index rose to 2.1% in September from a previous 1.9%. In the foreign exchange market, the PBOC set the USD/CNY reference rate at 7.0995 compared with 7.1021 prior.
Gold prices have surged above $4,150 due to safe-haven flows driven by US-China trade tensions. Silver has also climbed near $52.00, impacted by these tensions.
Euro And Pound Dynamics
The EUR/USD currency pair increased above 1.16 following neutral-dovish remarks by Fed Chair Jerome Powell and changes in the French government’s pension reform plans. Meanwhile, the GBP/USD pair rebounded above the 1.3300 mark amid US Dollar weakness and Britain’s labour market report.
Ethereum’s open interest has hit its lowest since May due to a decrease in crypto leverage. CME has overtaken Binance as the largest futures market, influencing the cryptocurrency landscape.
Various platforms have been highlighted as top brokers for trading in different markets in 2025. This information is meant for informational purposes on trading and does not serve as an investment recommendation. The article emphasises conducting personal research before making investment decisions, as markets are subject to risks and uncertainties.
Safe Haven Assets Strategy
Given the fresh US-China trade tensions, we see safe-haven assets as the primary play for the coming weeks. Gold has already broken past $4,150, a significant jump from the previous records we saw in 2024 which were closer to $2,400. We should consider buying call options on gold and silver ETFs to capitalize on further upside momentum while managing risk, as outright shorting seems far too dangerous in this environment.
The US Dollar is softening on the back of Fed Chair Powell’s neutral-to-dovish remarks, creating a clear trend. This sentiment is driving bets on future rate cuts, a major shift from the hiking cycle that ended back in 2023. We believe traders should look at put options on dollar index funds or consider shorting USD futures to ride this downward pressure.
This dollar weakness is directly benefiting other major currencies like the Euro and the Pound. With EUR/USD climbing above 1.16, we see opportunities in long call option spreads to cheaply gain exposure to a continued rally toward multi-year highs. The situation with GBP/USD above 1.33 is similar, though we remain cautious due to the underlying weakness in the UK’s own recent labor market data.
The Australian Dollar presents a more complex picture, suggesting a volatility-based strategy is best. The RBA is signaling stronger-than-expected inflation, which is bullish for the Aussie, yet its fate is tied to Chinese economic data, which is clouded by trade tensions. We think using options straddles on the AUD/USD is a prudent way to trade the expected sharp move without having to pick a direction.
