Mexico’s jobless rate rose to 2.7% in September, slightly up from 2.6%. This data gives us a look at employment trends in the country. Several currencies are fluctuating. The GBP/USD has dropped below 1.33 due to fiscal issues in the UK. USD/CAD is also losing ground because of weak US consumer confidence, while USD/CHF is down as the Swiss Franc gains strength.

Gold and Cryptocurrency Market Trends

Gold prices are steady, holding above $3,900 after recently dipping to a three-week low. The cryptocurrency market remains stable, with bitcoin, ethereum, and XRP holding their ground thanks to renewed ETF inflows. Analysts are exploring predictions for the top five forex brokers in 2025, focusing on factors like low spreads, high leverage, and regulatory status. This information highlights the need for thorough research before making trading decisions. It’s important to note the risks of investing. Mistakes or incomplete information can happen. The author and FXStreet do not provide personalized advice, stressing the importance of independent research.

Author’s Views and Risk Notices

All opinions in this article belong to the author and may not reflect those of FXStreet or its affiliates. The article includes a clear warning that investing carries risks, which could lead to emotional strain and financial losses. The small increase in Mexico’s unemployment rate to 2.7% is a minor detail, but it fits into a trend of a slowing economy. We noticed this last quarter when Mexico’s Q2 2025 GDP growth was slightly below expectations at 2.1%. This suggests that the Mexican Peso may not perform well, even against a weakening US dollar. A broader issue is the weakness in the US dollar, largely due to expectations of a Federal Reserve rate cut. This perspective is backed by the latest US Consumer Price Index for September 2025, which fell below forecasts at 2.5%, along with a consumer confidence reading that hit a 12-month low. This scenario makes buying put options on the US Dollar Index more appealing in the coming weeks. The pound sterling is facing its own issues, making it particularly weak. UK national debt recently exceeded 105% of GDP for the first time since the 1960s, causing market anxiety ahead of the upcoming fiscal budget. Any short-term rallies in the GBP/USD pair could provide opportunities to establish bearish positions through futures or options. In this context, gold is acting as expected, stabilizing well above $3,900 per ounce. Typically, periods just before a Fed easing cycle, like what we saw in mid-2019, are very supportive for precious metals. We see value in buying call options aimed at a rise toward the significant $4,000 level. The best opportunities lie in pairing a weak currency with a strong one. With fiscal concerns in the UK and the Swiss Franc seen as a safe haven amid global uncertainty, the GBP/CHF currency cross looks particularly promising. We should position ourselves for a further decline in this pair over the next month. Create your live VT Markets account and start trading now.

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