Financial Markets Update 10 December 2025
It's party time tonight
News Overnight
A big increase in job openings cements 25bps cut by the FED tonight but what about the presser? Never will a FED Chair’s words be more scrutinised.
Everyone, including us, forgot that it’s the Bank of Canada’s monetary policy meeting today as well and their announcement will precede the FED’s. Expect another cut and it’ll be another policy error. It’s US interest rates that need to go lower.
Markets had a good day with Silver spiking, BTC doing well and USD/YEN now the release valve for Japan.
Breaking
Trump on brink as Europe plans ‘nuclear option’ if US sells out Ukraine [Express]
Macron Calls for ECB Monetary Policy Approach Rethink [Yahoo! Finance]
Sizing up hedge funds’ relative value trades in US Treasuries and interest rate swaps [BIS]
RBA is worried it cut interest rates too far [AFR]
Rise in US job openings offers hope of labour market stabilisation [FT]
Investors warm up for long spell of discordant Fed [Bloomberg]
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Bitcoin Update 10 December 2025
BTC is headed to it’s date with destiny at 96.5k where it will meet the strong downtrend resistance, and then the pivot line at 99.0k.
USD/YEN 10 December 2025
With 10 year yield approaching 2% and potential YCC or similar a possibility, the release valve has become the YEN. Price popped overnight with immediate target of 158.00 to 158.70, double top and trend resistance.
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Australia 2 Year Yield 10 December 2025
Yesterday’s RBA decision to hold rates steady was no surprise, but Michelle Bullock’s presser spoke of no conversations about rate cuts, rate cuts are off the table. She’s preparing the market for a hike in the new year unless inflation inexplicably disappears.
Silver 10 December 2025
Silver took out 60.00 and is now headed to trend resistance at 62.20. Price is not overbought on the daily but is on the weekly and monthly.
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