Insights 
VT 
In August, the United Kingdom’s year-on-year manufacturing production was recorded at -0.8%, slightly better than the expected -1%. This performance reflects a slight improvement in the manufacturing sector compared to forecasts.
Various articles report movements in different financial markets. The GBP/USD pair maintained a level above 1.3400 following UK data releases. Gold prices remained high, driven by concerns over global economic risks, including potential US government shutdown and US-China trade tensions.
Dogecoin Price Stability
Elsewhere, the Dogecoin price has stabilised around $0.19 this week, with an on-chain data report suggesting significant whale accumulation. The cryptocurrency’s technical outlook indicates potential for recovery if the support level holds.
Recent analyses provide insights into global economic trends and future market dynamics. Articles discuss ECB decisions, oil inventory reports, and implications of rising unemployment in Australia. The Dogecoin and S&P 500 markets are also examined for recent trading patterns and potential trends.
Comprehensive guides on top brokers are also shared, offering insights for traders focusing on costs, leverage, and specific geographic regions. These insights aim to support informed decision-making for trading in various financial markets by 2025.
The slightly better-than-expected UK manufacturing data from August is giving some support to the Pound. We see this propping up GBP/USD above the 1.3400 level for now. However, with recent September data showing UK inflation remaining stubbornly above 3% while GDP growth stagnates, any strength in Sterling might be temporary.
US Dollar Outlook
We believe the US Dollar will remain on the defensive in the coming weeks. The latest Non-Farm Payrolls report, which added only 155,000 jobs against an expected 190,000, gives the Federal Reserve a clear reason to remain dovish. This weak labor data reinforces the market’s bet that rate cuts could be back on the table in early 2026.
Concerns over a potential US government shutdown and ongoing trade tensions are pushing capital into safe havens like Gold. We saw a similar flight to safety during the banking sector turmoil back in 2023, and Gold is now approaching the record highs of over $2,400 per ounce it first hit in 2024. This suggests that long positions in Gold, while crowded, remain a logical hedge against market uncertainty.
Given this environment, we are looking at options strategies to navigate the expected volatility. Buying puts on the US Dollar Index (DXY) or call options on Gold could be effective ways to position for continued dollar weakness and risk aversion. Implied volatility in major currency pairs is rising, indicating that the market is pricing in larger price swings ahead of the next central bank announcements.
We are also watching EUR/USD closely, which is holding firm above 1.1650. Comments from the European Central Bank suggesting it is at the end of its rate-cutting cycle contrast sharply with the sentiment surrounding the Fed. This policy divergence could provide further upside for the pair as we head into the final quarter of the year.
