In September, the United States had 7.658 million job openings, exceeding the expected 7.2 million. This shows strong demand in the job market, even with some economic uncertainties. Gold prices remain high at about $4,200 per troy ounce. Although the strong US dollar affects the gold market, expectations of a Federal Reserve rate cut are helping support prices. In currency markets, the EUR/USD exchange rate is nearing the 1.1600 support level. The GBP/USD pair is also under pressure, dropping below 1.3300 due to the dollar’s strength and mixed signals from officials. In the world of cryptocurrency, Bitcoin is trading above $90,000, despite a tough market. Ripple (XRP) is holding above the $2.00 support level, even with broader market uncertainties. Looking ahead to 2026, there are growing risks for global economic recovery, particularly regarding trade and public debt. Even though recent data shows resilience, these issues suggest a concerning outlook for the global and European economies. The unexpected rise in job openings is creating tension in the market. However, the Federal Reserve’s expected 25 basis point rate cut tomorrow is seen as the main driver of market sentiment. This difference between data and expectations may create new opportunities in the coming weeks. The rise in gold prices to over $4,200 is linked to falling real interest rates. The U.S. 10-year yield has already decreased by more than 50 basis points this past quarter, anticipating Fed easing. Options on gold and silver look attractive, as the market suggests this easing cycle has only just started, offering potential buying opportunities in precious metals. The recent strength of the US dollar, pushing the DXY index towards 104, seems to be temporary, influenced by the surprising jobs data. We expect that a confirmed rate cut will weaken the dollar, making put options on the dollar or call options on pairs like EUR/USD worth considering. The Fed’s statements will be crucial; any indication of further cuts could speed up the dollar’s decline. Equity markets are on edge, as reflected by the CBOE Volatility Index (VIX) staying above 18 last week. A dovish rate cut could lead to a relief rally, making short-term call options on major indices like the S&P 500 a smart move. Traders may also think about selling volatility through options spreads after the announcement, assuming the Fed meets market expectations.

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