Financial Markets Update 3 October 2025
Bitcoin hits $120k as Gold and Silver consolidate
News Overnight
With Initial Jobless Claims and Nonfarm Payroll removed, traders didn’t know what to do so they didn’t do anything. Retail helped stock markets by the close and non-sovereign assets were yet again, the flavour of the day.
In Australia:
Exports Decline: Total goods exports dropped 7.8% MoM to approximately A$43.5 billion (estimated), with notable weakness in iron ore (-12% due to lower volumes and prices), coal (-5%), and natural gas (-3%). Key markets like China and Japan saw reduced shipments amid global economic slowdown concerns.
Imports Rise: Goods imports increased 2.6% to around A$41.7 billion, fueled by higher capital goods (machinery up 4%) and consumer goods (electronics up 3%), reflecting domestic demand recovery post-rate cuts by the Reserve Bank of Australia.
Services Trade: Not reported monthly; quarterly data from June 2025 showed a services surplus of A$5.2 billion, contributing to the overall goods-and-services balance.
Wall Street closes with records as tech support offsets labor, shutdown uncertainties [Reuters]
Breaking
Israeli military stops nearly all boats in aid flotilla, sparking global protests [Reuters]
Treasury Secretary Bessent says U.S. GDP could take a hit from the government shutdown [CNBC]
US government shutdown negative for credit rating, Europe’s Scope warns [Reuters]
For Free Subscribers
Bitcoin Update 3 October 2025
Price structure is now not negative, it’s neutral. Only a new all time high close above 123.3k pushes structure into positive territory.
For Paid Subscribers
Gold Update 3 October 2025
Market pauses to reassess price, bang - off goes Bitcoin. It’s fascinating to watch the cross-asset play between non-sovereign assets.
Economic Indicators Today
