New Zealand’s employment rate for the third quarter saw no change, registering at 0%. This was below expectations, which had forecasted a modest increase of 0.1%. Other economic developments include the People’s Bank of China setting the USD\/CNY reference rate at 7.0901, compared to the previous 7.0885, and China’s services PMI dropping to 52.6 in October, aligning with predictions.<\/p>\n
The EUR\/USD currency pair showed resilience, trading near 1.1500, as market participants expected the European Central Bank to maintain a careful approach in its next meeting. In contrast, the GBP\/USD experienced further losses, breaking below the 1.3100 mark and declining by around 0.9% in one session. Gold contended with price pressure below $3,850 amid a strengthening US Dollar, though lower US Treasury bond yields provided some support. Ethereum’s price slipped below $3,500 due to ETF outflows, mirroring the broader bearish sentiment in the cryptocurrency market.<\/p>\n
A recent security breach affected the Balancer platform, resulting in a loss exceeding $120 million. Despite knowledge of the vulnerability, the platform was unable to halt the hack as it involved older pools. Best Brokers in 2025 provided a detailed list and recommendations for traders considering various markets and platforms.<\/p>\n
With New Zealand\u2019s employment growth hitting zero, we see this as a clear sign of a stalling economy. This puts the Reserve Bank of New Zealand in a difficult position, as recent data from Stats NZ also showed that annual inflation remains stubbornly high at 4.2%. This weak growth and high inflation dynamic makes shorting the NZD\/USD pair an increasingly attractive position.<\/p>\n
The British Pound’s sharp fall below 1.3100 confirms a strong bearish trend that we have seen developing for weeks. The UK economy is struggling with growth that is tracking near 0.1% for the quarter, yet the Bank of England is unable to cut rates due to persistent core inflation. This backdrop suggests that buying put options on the GBP\/USD could offer a way to capitalize on further expected weakness.<\/p>\n
We are watching the Australian dollar closely as it struggles near 0.6450, directly impacted by signs of a slowdown in China. China\u2019s recent services PMI, while still in expansion territory, has declined for two consecutive months, raising concerns about demand for Australian commodities. This reinforces a cautious outlook on the AUD, especially against the US dollar.<\/p>\n
The Euro is holding near 1.1500, but we think its upward potential is capped by a cautious European Central Bank. The market has fully priced out any further rate hikes, with the latest ECB meeting minutes from October 2025 signaling a pivot towards potential cuts in the new year. This suggests a range-bound market for EUR\/USD, making strategies that profit from low volatility, like selling strangles, worth considering.<\/p>\n
Gold\u2019s failure to push past $3,850, even with geopolitical risks simmering, highlights the overwhelming strength of the US dollar. After the significant run-up we saw over the past two years from the $2,000 level, momentum appears to be waning. We believe the precious metal is caught between supportive but declining US Treasury yields and a restrictive dollar, limiting its immediate upside.<\/p>\n
In the crypto markets, Ethereum dipping below $3,500 is a warning sign driven by institutional profit-taking. We have observed consistent outflows from major Ether ETFs over the past three weeks, a sharp reversal from the heavy inflows seen after their approval in 2024. This suggests waning conviction among larger players, making protective puts a prudent strategy for those holding crypto-related assets.<\/p>\n
Create your live VT Markets account<\/a>\u00a0and\u00a0start trading<\/a>\u00a0now. <\/b><\/p>\n","protected":false},"excerpt":{"rendered":" New Zealand job rate steady at 0%, China services PMI dips, markets mixed, Balancer hacked for $120M.<\/p>\n","protected":false},"author":5,"featured_media":16996,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[3],"tags":[],"class_list":["post-34025","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\/sv-eu\/wp-json\/wp\/v2\/posts\/34025","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/sv-eu\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/sv-eu\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/sv-eu\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/sv-eu\/wp-json\/wp\/v2\/comments?post=34025"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/sv-eu\/wp-json\/wp\/v2\/posts\/34025\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/sv-eu\/wp-json\/wp\/v2\/media\/16996"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/sv-eu\/wp-json\/wp\/v2\/media?parent=34025"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/sv-eu\/wp-json\/wp\/v2\/categories?post=34025"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/sv-eu\/wp-json\/wp\/v2\/tags?post=34025"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}