Financial Markets Update 17 October 2025
Gold and Silver go parabolic
News Overnight
A big jump in the Australian Unemployment Rate surprised FX traders, keeping AUD/USD below the 15 year downtrend in the face of a weaker USD. Otherwise Philly Fed disappointed and UK numbers better than expected.
US Govt still shut.
Gold and Silver surged higher yet again, while equities stalled and Bitcoin is thumped yet again. USD and bond yields were lower.
Breaking
Fed’s Waller on board for an October rate cut, as Miran again presses for aggressive easing [Reuters]
On The Verge Of A Funding Crisis: Fed’s Emergency Liquidity Facility Unexpectedly Soars Most Since COVID [Zerohedge]
Barclays warns UK faces gilt market challenges ahead of Budget [investing.com]
US Nears Tariff Relief for Auto Industry After Lobbying Push [Bloomberg]
US regional bank shares sink on credit worries after fraud disclosures [FT]
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USD/YEN Update 17 October 2025
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S&P 500 Update 17 October 2025
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