Financial Markets Update 9 December 2025
We're all praying for no policy errors from RBA and FED
News Overnight
Risk assets closed lower on Monday as traders square up before the most important FOMC meeting in a generation. Another policy mistake and the global economy is in deep trouble.
China’s trade surplus is still running at USD1T per year with 25% going to the US! This train can’t stop.
Breaking
Japan frustrated at Trump administration’s silence over row with China [FT]
Trump to issue executive order for single federal rule on AI regulation [FT]
Pimco Investment Chief Warns of ‘Dangerous’ Credit-Ratings Dynamic [Bloomberg]
US stocks end lower as investors wait for Fed rate decision [Reuters]
For Free Subscribers
US 10 Year Yield Update 9 December 2025
Yield has risen 20bps in the last 7 days of trading and is now pushing into resistance at 4.18%. If the market reacts like it did for the previous 2 cuts then yield should rise to around 4.30%.
USD/YEN Update 9 December 2025
Price has broken higher, but needs to confirm of course, with upside target of 158.30 and support on the downside at trend resistance, 154.90. DXY is consolidating into the FED tomorrow so USD/YEN should move higher, as Japanese 10 year yields approach 2%.
For Paid Subscribers
Ethereum Update 9 December 2025
Will Eth outperform Bitcoin in 2026 and can it decouple at all? That’s the question we’re asking ourselves. It’s 100% clear that all financial assets will be tokenised, and much quicker than anyone thinks. Ethereum is then the clear winner.
Dow Jones Update 9 December 2025
It’s the DJIA we’ll be watching tomorrow. Overnight price rejected downtrend resistance just above 48,000. Not so clear on S&P 500 and NASDAQ.
Economic Indicators Today
