In the UK, mortgage approvals in September exceeded expectations, reaching 65.944K instead of the forecasted 64.5K. The Bank of Canada is likely to cut its benchmark interest rate by a quarter point to 2.25%. This would follow the trend of easing measures that started in September.

US Federal Reserve Rate Projection

The US Federal Reserve is expected to lower its policy rate after its meeting in October. The wording of their statement and comments from Fed Chair Powell will be crucial, especially since no new economic data is available. Solana has teamed up with Western Union, one of the largest global remittance networks. Institutional interest in Solana is on the rise, highlighted by the Bitwise Solana Staking ETF (BSOL), which recorded $56 million in trading volume on its first day. The strong UK mortgage approvals hint that the housing market is more resilient than anticipated. With UK inflation holding steady at 2.8% for September 2025, the Bank of England may take a more cautious approach to rate cuts than other central banks. This could make buying call options on the British pound against the US dollar a strategic trade soon. Today’s expected rate cut from the Bank of Canada is largely anticipated, so the key opportunity will be in the market’s reaction to the announcement. Canada’s Q3 GDP showed a slight contraction of 0.1%, so if the bank hints at speeding up its easing cycle, it could lead to a drop in the Canadian dollar. An options straddle on the USD/CAD currency pair seems like a smart way to navigate the uncertainty surrounding the bank’s statement.

Focus On Forward Guidance

During the US Federal Reserve meeting, the emphasis will be on forward guidance rather than on the expected rate cut itself. Recall that a single remark from Chair Powell at the August 2025 Jackson Hole symposium caused a 2% swing in the S&P 500. Given this sensitivity, investing in VIX futures or call options could be a prudent hedge against possible market overreactions to his remarks. Solana’s collaboration with a well-established payment company like Western Union marks a big step toward mainstream adoption. This partnership, along with the successful launch of the Bitwise spot ETF, which achieved over $56 million in volume, shows strong institutional interest. With SOL’s price already rising over 40% this October, we are exploring out-of-the-money call options to speculate on further gains as the year ends. Create your live VT Markets account and start trading now.

here to set up a live account on VT Markets now