Insights 
VT 
Canada’s employment change exceeded predictions in September, with an increase of 60.4k jobs, surpassing the expected 5k rise. This unexpected growth occurred amidst various global economic shifts, including fluctuating trade tensions and currency market movements.
In other financial developments, global indices experienced volatility due to ongoing US-China trade dynamics. The US dollar faced pressure as market participants reacted to potential tariffs and geopolitical uncertainties.
Gold And Cryptocurrency Market Update
Gold prices witnessed an increase, reaching around $4,020, as investors sought stability amidst growing economic uncertainties. Meanwhile, in the cryptocurrency market, assets like Bitcoin and Ethereum showed resilience, although risks remain due to market volatility.
Discussed also were market strategies involving US tariffs, which remain a focal point of foreign policy and economic measures. Additional financial insights outlined the importance of selecting optimal brokers for trading activities, considering various factors like leverage, spreads and regulation.
Given Canada’s unexpectedly strong employment gain of over 60,000 jobs, we are seeing a clear divergence from expectations. This strengthens the case for a hawkish Bank of Canada, especially as Statistics Canada reported last month that core inflation remains sticky at 3.1%. Traders should consider options strategies that benefit from a stronger Canadian dollar, such as buying call options on CAD futures, as this data contrasts sharply with the slowing momentum in other G7 economies.
Market Volatility And Currency Trends
The market is being driven by fear stemming from renewed US-China tariff discussions, creating significant volatility. We see this reflected in the CBOE Volatility Index (VIX), which has surged over 30% this week to trade above 25, a level not consistently seen since the brief market correction in early 2024. This environment is ideal for volatility-based derivative plays, like straddles on the S&P 500, to profit from large price swings in either direction.
Gold breaking the $4,000 per ounce level is a major psychological and technical signal for a continued move higher. This is not just retail fear; data from the World Gold Council shows that central bank purchases have accelerated in the third quarter of 2025, adding a solid floor to the price. We believe buying long-dated call options on gold ETFs remains a viable strategy to capture further upside as geopolitical uncertainty persists.
While the US dollar is choppy, European currencies are showing more consistent weakness due to localized issues. With French political uncertainty weighing on the Euro and the UK’s latest budget deficit figures reminding markets of the fiscal troubles of 2022, there are opportunities for relative value trades. We are looking at shorting the Euro and the Pound against the Canadian dollar, creating a pairs trade that pits a weak fundamental story against a surprisingly strong one.
