Trump Questions USMCA Renewal as Trade Talks Continue 
Gold Tumbles Below $4,400 on NFP Shock: Fed Easing Bets Crater, Sell on Rallies to $4,300 
Asian Currencies Stabilize as Dollar Holds Near Two-Month High After Fed Hawkish Signal 
Fed Chair Kevin Warsh Signals Policy Overhaul as Hawkish Rate Outlook Rattles Markets 
Canada, British Columbia Launch $5 Billion Infrastructure Partnership to Boost Housing, Transit, and Healthcare 
Gold Prices Rebound on U.S.-Iran Peace Deal Optimism Despite Fed Rate Hike Signals 
J.P. Morgan Sees Potential Vestas Guidance Upgrade Amid Strong Wind Energy Demand 
US Stock Futures Jump on Reports of Preliminary US-Iran Peace Deal Despite Fed’s Hawkish Outlook 
Japan Inflation Stays Below BOJ Target Despite Rate Hike and Rising Energy Cost Risks 
China’s AI Manufacturing Boom Masks Weak Consumer Economy, Citi Says 
The foreign exchange market saw a stronger Dollar amidst subdued trading activity due to the US market holiday. Dollar bulls took advantage of thinner liquidity to push the greenback higher, supported by the anticipation of further interest rate cuts from the ECB. The lack of clarity surrounding China’s fiscal stimulus weighed on the Aussie and Kiwi.
Attention is also focused on the UK, where key economic releases are scheduled for the week. Market participants closely watch upcoming employment and wage growth data, followed by CPI and retail sales figures. These indicators will inform expectations regarding potential rate cuts from the Bank of England (BoE), which is facing internal disagreements over its approach to monetary policy in response to a slowing economy.
China's export and import data for September showed weaker-than-expected trade performance. Exports grew by 2.4% year over year, and imports increased by 0.3% year over year. China's trade surplus narrowed to USD 81.7B.
Fed Governor Christopher Waller acknowledged that recent economic data is mixed but asserted the US economy is on “solid footing.” He highlighted strong employment levels and progress in inflation, despite occasional setbacks.
