News Overnight
Markets are getting nervous now as US Government is still shut, with another vote in the senate failing yesterday.
Equities and Bitcoin moved lower and USD and Gold moved up. Vix is trundling along the bottom and talking heads are looking for a big correction in equities (again).
Breaking
US shutdown to continue after funding measures fail again in Senate [BBC]
Japan 30-Year Bond Sale Demand Calms Nerves After Market Jolt [Bloomberg]
Gold hits record high on broader uncertainty, rate cut bets [Reuters]
Australians expect property boom as sentiment hits 15-year high [AFR]
Emerging markets roar back with biggest stock rally in 15 years [FT]
Yen, euro extend declines against dollar as politics dominates [Reuters]
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DXY Update 8 October 2025
The 15 year trend support and recent FED cut policy mistake, combined with the double bottom at 96.20 has given us room to consider a change of direction for the USD.