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Israeli defense minister Katz is on X saying:

That did not take long.

Do you want peace? Can it happen?

This article was written by Greg Michalowski at investinglive.com.

The ceasefire and hostage release between Isreal and Hamas is a huge step in the peace direction

So what was agreed and implemented?

• As part of the agreement, Hamas will release the remaining living Israeli hostages. Check.

• In return, Israel will free a number of Palestinian prisoners and detainees (including 250 prisoners with life sentences and 1,700 held without charge) as part of the exchange. Check.

• Israel has ratified the ceasefire deal, and troops are to withdraw to an agreed line while hostages are released within a 72-hour timeframe. Check

• Humanitarian aid to Gaza will increase, with hundreds of aid trucks expected daily. Check

What is still unresolved?

• Disarmament of Hamas: The deal’s full enforcement requires Hamas to be disarmed, but that component is not clearly spelled out yet in the phases that have been agreed.

• Long-term governance of Gaza: How Gaza will be governed after the deal remains unresolved (e.g. whether a technocratic body or international security oversight will be installed) is still part of ongoing negotiations.

• Whether the ceasefire will hold: Historical precedent in this conflict shows that ceasefires are fragile. Some analysts warn that this “first phase” deal may not be a lasting peace, but rather a pause or step toward broader agreement.

• Full implementation timetable and verification: Key details—like exactly when all terms go into effect, mechanisms for verification, and what happens if one side violates the deal—are still being worked out in negotiations.

Overall — the Israel-Hamas deal is “real” in the sense that both sides have officially agreed to a first phase ceasefire and hostage-prisoner exchange.

But there will be some details to be ironed out which could cause obstacles. Many of the most difficult issues (security guarantees, disarmament, governance, long-term stability) remain open to negotiation and subject to adherence by both sides.

Nevertheless, it is human nature to grow comfortable with the status quo — even when that status quo includes war, conflict, and scarcity. Over time, people can lose sight of what a better reality might look like. Peace, however, stands in complete contrast to war, and bridging that divide is no small task for either Israel or Hamas. Still, perhaps this first taste of peace will awaken a deeper desire — a recognition that there can, and should, be more of it.

Similarly, on a broader scale, conflict often breeds more conflict — it becomes a mindset, almost a reflexive, Pavlovian response. In the U.S., for instance, political divisions have hardened to the point where if one party proposes an idea, the other instinctively rejects it. Votes often split cleanly along party lines — 100% one way, 100% the other. What was once a process of debate and compromise has turned into a competitive game of party versus party. Meanwhile, it’s the public that bears the cost of this gridlock, as opportunities for cooperation and progress are lost to partisanship.

Internationally, Russia, China, US remain at war. Bombs are not flying but Trump said that the US may supply Ukraine with Tomahawk missiles at the expense of escalation, but does it need that for peace?

I hope not. I hope there is solutions to problems. I hope that peace begets peace, and the trend of conflict/war begets conflict/war is stopped.

It is a hope, but hope can lead to great things….

• “Hope is being able to see that there is light despite all of the darkness.” — Desmond Tutu
• “Once you choose hope, anything’s possible.” — Christopher Reeve
• “Peace is not the absence of conflict, but the presence of creative alternatives for responding to conflict—alternatives to passive or aggressive responses, alternatives to violence.” — Dorothy Thompson (1893 – 1961) was an American journalist, radio broadcaster, and political commentator — one of the most influential women of her time.

This article was written by Greg Michalowski at investinglive.com.

While the US economic data will be confined to regional surveys like the Empire Manufacturing index on Wednesday, the Philly Fed Manufacturing index on Thursday, and the NAHB Housing market index on Thursday, there are a slew of Fed speaking engagements scheduled, which will try to fill in the gap from no economic data, with anecdotal commentary on the economy:

Monday, October 13

• 12:55 pm — FOMC Member Paulson Speaks

Tuesday, October 14

• 8:45 am — FOMC Member Bowman Speaks

• 12:20 pm — Fed Chair Powell Speaks

• 3:25 pm — FOMC Member Waller Speaks

• 3:30 pm — FOMC Member Collins Speaks

Wednesday, October 15

• 9:30 am — FOMC Member Miran Speaks

• 12:30 pm — FOMC Member Miran Speaks

• 1:00 pm — FOMC Member Waller Speaks

• 2:00 pm — Beige Book (report release)

• 2:30 pm — FOMC Member Schmid Speaks

Thursday, October 16

• 9:00 am — FOMC Member Waller Speaks

• (time not specified) — FOMC Member Barr Speaks

• (time not specified) — FOMC Member Miran Speaks

• 10:00 am — FOMC Member Bowman Speaks

• 4:15 pm — FOMC Member Miran Speaks

Friday, October 17

• 12:15 pm — FOMC Member Musalem Speaks

In addition, US earnings season will kick off this week with the slew of bank and financial company earnings leading the charge (as usual). In addition to the likes of J.P. Morgan Chase, Goldman Sachs, Citibank, Wells Fargo and American Express, Johnson & Johnson Ericsson, United Airlines, Taiwan semiconductor, and Travelers will also release giving a broader view of earnings for the quarter.

Below, is a list of the major companies releasing:

Tuesday
Before Open:

• BlackRock (BLK)

• JPMorgan Chase & Co. (JPM)

• Goldman Sachs (GS)

• Citi (C)

• Wells Fargo (WFC)

• Johnson & Johnson (JNJ)

• Domino’s Pizza (DPZ)

• Ericsson (ERIC)

• Albertsons (ACI)

Wednesday
Before Open:

• ASML Holding (ASML)

• Progressive (PGR)

• Dollar Tree (DLTR)

• Bank of America (BAC)

• Morgan Stanley (MS)

• Prologis (PLD)

After Close:

• United Airlines (UAL)

• J.B. Hunt (JBHT)

Thursday
Before Open:

• Taiwan Semiconductor (TSMC)

• BNY Mellon (BK)

• Charles Schwab (SCHW)

• Travelers (TRV)

• M&T Bank (MTB)

After Close:

• Interactive Brokers (IBKR)

• CSX Corp (CSX)

Friday
Before Open:

• American Express (AXP)

• Comerica (CMA)

This article was written by Greg Michalowski at investinglive.com.

• US-China relationship is good
• US going to reject licensing requirements
• We are taking sound measures to right this problem
• US has more cards

Things were going great until Bessent started to talk today. He keeps all options on the table but it’s hard to envision the US going through with the tariffs. De-escalation should remain the base base for markets.

This article was written by Giuseppe Dellamotta at investinglive.com.

• Trump’s Friday social media post turned the tables; China made a miscalculation
• Idea is to give Trump and Xi time to meet

On government shutdown:

• This is getting serious
• It’s starting to affect the economy

Bessent’s comments this morning turned the sentiment around a bit as he kind of dampened the hype.

This article was written by Giuseppe Dellamotta at investinglive.com.

Headlines:

• Dollar fades Friday drop in trading today
• Gold stretches into a new all-time high despite the positive risk sentiment: what’s next?
• Gold back at the highs again amid US-China kerfuffle
• Bessent: We have aggressively pushed back against China export controls
• China urges US to promptly correct “wrong practices” with regards to tariffs
• Trump: This is the historic dawn of a new Middle East
• BoE’s Greene: Activity is stronger than thought a year ago
• Germany September wholesale price index +0.2% vs -0.6% m/m prior
• Reminder: It is a long weekend in the US

Markets:

• AUD leads, JPY lags on the day
• European equities higher; S&P 500 futures up 1.0%
• Gold up 1.5% to $4,078.43
• WTI crude oil up 3.0% to $59.98
• Bitcoin down 0.8% to $114,137

There weren’t much meaningful headlines on the session as Trump is in Tel Aviv to mark his victory lap on the Gaza peace agreement. And that means he will be distracted from stirring up trade issues with China, at least for the time being.

He tried to cool down the rhetoric with Beijing at the end of the weekend and that’s feeding into some optimism that the latest tariffs threat will eventually result in another TACO scenario.

That is helping risk trades bounce back with the dollar also returning to favour a little on the day. USD/JPY is seen trading back up to above 152.00 but off earlier highs of 152.45 earlier in the session. Meanwhile, EUR/USD is down 0.3% to 1.1582 while USD/CHF is up 0.5% to 0.8033 currently.

In the major currencies space, the aussie is the lead gainer after slumping hard on Friday amid the US-China commotion. AUD/USD is trading with a gap up by 0.6% today to 0.6511, falling short of breaching its 100-day moving average of 0.6531 earlier.

In other markets, equities are seen bouncing back a little and posting a modest bounce after the sharp selloff on Friday. European indices are holding slight gains, with some of the optimism being slowly chipped away during the session. And even though it is a US holiday, the stock market will stay open in the day ahead. US futures are sitting higher but also off earlier highs, with S&P 500 futures seen up 1.0% currently after a modest opening gap up.

As for commodities, it’s a brand new week but same old story. Gold is once again shining as it jumps up to a fresh record high in eclipsing the highs last week around $4,060. The precious metal is trading up by 1.5% to $4,078 now as the hot streak continues. Likewise, silver is also seen up over 2% in hunting for a firm break above $51.

And we also have oil prices bouncing back strongly amid the better risk appetite today, with WTI crude oil recovering around 3% to near $60.

This article was written by Justin Low at investinglive.com.

• This was a provocative move
• There was substantial communication over the weekend
• There will be lots of staff level meetings
• China is neither going to command or control us
• We have already been in touch with allies, meeting them this week
• Expect support from India and other countries
• Believes that China is open to discussions on this matter
• If not, we have substantial levers we can pull
• We could move more aggressively than how China has
• We don’t want to decouple but China is sending a decoupling message
• Everything’s on the table, but confident that this can be de-escalated
• Trump still on track to meet with Xi in South Korea

The first few remarks sounded like he was trying to cool the rhetoric a little. However, the part on going “more aggressively” might be something to temper some of the optimism to start the week. It still sounds like both sides are still quite some ways of from pressing the pause button again though. But hey, at least there’s still time. We’re roughly three weeks away from the 1 November deadline.

This article was written by Justin Low at investinglive.com.

• It is an incredible triumph for Israel and the world
• Israel has won all that can be won by force of arms
• Against all odds, we have done the impossible and brought our hostages home
• It is time to translate these victories into the ultimate prize of peace and prosperity for the entire Middle East
• From Gaza to Iran, those bitter hatreds have delivered nothing but misery, suffering, and failure

Trump is in Tel Aviv today to mark his victory lap on the Gaza ceasefire deal. So, that will at least divert his attention away from trade and China just for the time being.

This article was written by Justin Low at investinglive.com.

The post Ex-Dividend 14/10/2025 first appeared on IC Markets | Official Blog.

IC Markets Asia Fundamental Forecast | 13 October 2025

What happened in the U.S. session?

President Trump’s renewed tariff threats triggered a global risk-off move, with sell-offs in equities (especially tech and Chinese stocks), commodities, and cryptocurrencies. The lack of official U.S. data due to the government shutdown kept investors focused on private data releases and key sentiment indicators. Oil and agricultural commodities were hit by both trade developments and demand-side worries, while the U.S. dollar remained volatile as rate cut prospects and shifting macro risks dominated currency trading.

What does it mean for the Asia Session?

Asian traders should watch for market responses to these data points, as well as any new details about China’s stimulus plan and moves from regional central banks. The outcomes may set the tone for volatility, momentum, and risk appetite through the week. China is scheduled to report its September external trade data and new yuan loans figures, which are forecasted to increase significantly, from 590 billion CNY last month to 1,460 billion CNY as per consensus forecasts.

The Dollar Index (DXY)

Key news events today

No major news event

What can we expect from DXY today?

The US Dollar on Monday showed continued volatility and a cautious market outlook due to a confluence of economic, political, and policy events. The primary bias for the dollar in mid-October is toward weakness as markets anticipate further Federal Reserve rate cuts and as key US economic data releases remain delayed by the ongoing government shutdown.​ Although the dollar showed bursts of strength from risk aversion and international developments, the dominant trend is weaker through mid-October on softer US data, expectations of multiple Fed rate cuts, and rising safe-haven asset flows out of the USD.​

Central Bank Notes:

• The Federal Open Market Committee (FOMC) voted, by majority, to lower the federal funds rate target range by 25 basis points to 4.00%–4.25% at its September 16–17, 2025, meeting, marking the first policy rate adjustment since December 2024 after five consecutive holds.
• The Committee maintained its long-term objective of achieving maximum employment and 2% inflation, acknowledging recent labor market softening and continued tariff-driven price pressures.
• Policymakers expressed elevated concern about downside risks to growth, citing a stalling labor market, modest job creation, and an unemployment rate drifting up toward 4.4%. At the same time, inflation remains above target, with CPI at 3.2% and core inflation at 3.1% as of August 2025; higher energy and food prices, largely attributable to tariffs, continue to weigh on headline measures.
• Although economic activity expanded at a moderate pace in the third quarter, the growth outlook has weakened. Q3 GDP growth is estimated near 1.0% (annualized), with full-year 2025 GDP growth guidance revised to 1.2%, reflecting slowing household consumption and tighter financial conditions.
• In the updated Summary of Economic Projections, the unemployment rate is projected to average 4.5% for the year, with headline PCE inflation revised up slightly to 3.1% for 2025. The Committee anticipates core PCE inflation to remain stubborn, requiring sustained vigilance and a flexible approach to risk management.
• The Committee reiterated its data-dependent approach and openness to further adjustments should employment or inflation deviate meaningfully from current forecasts. Several members dissented, either advocating a larger 50-basis-point cut or preferring no adjustment at this meeting, revealing heightened divergence within the Committee.
• Balance sheet reduction continues at a measured pace. The monthly Treasury redemption cap remains at $5B and the agency MBS cap at $35B, as the Board aims to support orderly market conditions in the face of evolving global and domestic uncertainty.
• The next meeting is scheduled for 28 to 29 October 2025.

Next 24 Hours Bias

Weak Bearish

Gold (XAU)

Key news events today

No major news event

What can we expect from Gold today?

Gold prices surged to new record highs ahead of Monday, October 13, 2025, driven by sustained safe-haven demand. As of the most recent trading sessions, gold repeatedly tested and briefly surpassed the $4,000 per ounce mark, reflecting financial market volatility, geopolitical tensions, and expectations of prolonged inflation in the US and globally.

Next 24 Hours Bias
Strong Bullish

The Australian Dollar (AUD)

Key news events today

No major news event

What can we expect from AUD today?

The Australian Dollar (AUD) is starting the week on a cautious note amid persistent US dollar strength, central bank commentary, and expectations around key economic releases. Recent data and official remarks will likely drive near-term volatility and sentiment for the currency, especially as markets await more clarity from the Reserve Bank of Australia (RBA) and upcoming Australian labor market data.

Central Bank Notes:

• The RBA held its cash rate steady at 3.60% at its October meeting on 29–30 September 2025, marking a second consecutive pause after August’s 25 basis point cut. The move affirms the Bank’s data-dependent approach as inflation trends within the target range.
• Inflation indicators remained stable through September, with headline CPI likely anchoring near 2.2%—comfortably within the 2–3% band. Insurance and housing costs remain sticky but are increasingly offset by moderation in discretionary goods.
• Trimmed mean inflation is estimated at around 2.8%, signaling underlying pressures remain contained. The Board continues to flag food and energy price volatility as short-term risks, though the broader disinflation narrative holds.
• Global conditions remain a source of uncertainty. U.S. policy expectations and uneven growth in China continue to weigh on commodities, even as trade disruptions have eased marginally since mid-year.
• Domestic growth shows resilience in the housing and services sectors, though manufacturing remains subdued. Household incomes have stabilized, but consumption remains only modest, capped by high borrowing costs.
• The labor market maintains relative tightness, though job growth has slowed notably since the first half of the year. Underutilization has ticked higher, but overall employment conditions remain supportive.
• Wage growth is plateauing, reflecting softer labor demand. Weak productivity continues to keep unit labor costs elevated, underscoring a medium-term concern highlighted repeatedly by the RBA.
• Household consumption prospects remain fragile. The combination of high rents and weak discretionary appetite suggests risks of a consumer-led slowdown in Q4 if confidence fails to rebound.
• The Board reiterated that subdued household spending poses risks to business sentiment and may dampen investment and job creation in the coming quarters.
• Monetary policy remains mildly restrictive. The RBA balanced confidence in inflation progress with caution around global and domestic demand risks, keeping further adjustments conditional on incoming data.
• The Bank reaffirmed its dual commitment to price stability and full employment, noting its readiness to act should conditions shift markedly.
• The next meeting is on 5 to 6 November 2025.

Next 24 Hours Bias

Medium Bearish

The Kiwi Dollar (NZD)

Key news events today

No major news event

What can we expect from NZD today?

The NZD is in a weak position after the RBNZ’s surprise 50bps rate cut, trading near multi-month lows against the USD. While there are signs of stabilization as traders anticipate the easing cycle may be nearing an end, technical signals remain bearish unless major resistance levels are breached. Traders are closely watching for signs of a bottom in the 0.5730-0.5750 range or a correction if resistance near 0.5807 is overcome

Central Bank Notes:

• The Monetary Policy Committee (MPC) agreed to cut the Official Cash Rate (OCR) by 25 basis points to 3.00% on 20 August 2025, marking a three-year low and continuing the easing cycle after July’s pause. The vote was split 4-2, with two members advocating a 50-basis-point cut, highlighting diverging views within the Committee.
• Policymakers indicated that significant uncertainty and a stalling economic recovery prompted this move, leaving the door open for further rate cuts later in the year, with a possible trough around 2.5% by December.
• Annual consumer price index inflation rose to 2.7% in the June quarter and is expected to reach 3% for the September quarter—at the upper end of the MPC’s 1 to 3% target band—but medium-term expectations remain anchored near the 2% midpoint.
• Despite the near-term uptick, headline inflation is projected to return toward 2% by mid-2026, as tradables inflation pressures ease and significant spare capacity continues to dampen domestic price momentum.
• Domestic financial conditions are broadly aligning with MPC expectations, as lower wholesale rates have translated into reduced borrowing costs for households. However, declining consumption and investment demand, higher unemployment, and subdued wage growth reflect ongoing economic slack.
• GDP growth stalled in the second quarter of 2025, contrasting with earlier projections. High-frequency indicators point to continued weakness driven by rising prices for essentials, weakening household savings, and constrained business lending.
• The MPC cautioned that ongoing global tariff uncertainties and policy shifts, especially recent changes in US trade regulations, could amplify market volatility and present both upside and downside risks to New Zealand’s recovery.
• Subject to medium-term inflation pressures continuing to ease as projected, the MPC signaled scope for further OCR cuts, possibly down to 2.5% by year-end, consistent with the latest Monetary Policy Statement outlook.
• The next meeting is on 22 October 2025.

Next 24 Hours Bias

Medium Bearish

The Japanese Yen (JPY)

Key news events today

No major news event

What can we expect from JPY today?

The yen is under strong downward pressure, with markets watching for any hint of Japanese government intervention or a surprise policy shift from the BoJ in the coming weeks. The Yen is trading near its weakest levels since mid-February, hovering around 153.00 per USD after a six-day losing streak last week. The primary factor is diminishing market expectations for a near-term Bank of Japan (BoJ) rate hike due to the leadership win of Sanae Takaichi, who favors expansionary fiscal and monetary policies.

Central Bank Notes:

• The Policy Board of the Bank of Japan decided on 17 September, by a unanimous vote, to set the following guidelines for money market operations for the inter-meeting period:
• The Bank will encourage the uncollateralized overnight call rate to remain at around 0.5%.
• The BOJ will continue its gradual reduction of monthly outright purchases of Japanese Government Bonds (JGBs). The scheduled amount of long-term government bond purchases remains unchanged from the prior decision, with a quarterly reduction pace of about ¥400 billion through March 2026 and about ¥200 billion per quarter from April to June 2026 onward, aiming for a purchase level near ¥2 trillion in January to March 2027.
• Japan’s economy continues to show a moderate recovery, with household consumption supported by rising incomes, although corporate activity has softened somewhat. Overseas economies remain on a moderate growth path, with the impact of global trade policies still weighing on Japan’s export and industrial production outlook.
• On the price front, the year-on-year rate of change in consumer prices (excluding fresh food) remains in the mid-3% range. Inflationary pressures remain broad-based, with persistent cost-push factors in food and energy, alongside solid wage pass-through. However, input cost pressures from past import surges are showing early signs of easing.
• Short-term inflation momentum may moderate as cost-push effects diminish, though rent increases and service-related price gains tied to labor shortages are likely to provide support. Inflation expectations among firms and households continue a gradual upward drift.
• Looking ahead, the economy is projected to grow at a slower-than-trend pace in the near term due to external demand softness and cautious corporate investment plans. However, accommodative financial conditions and steady increases in real labor income are expected to underpin domestic demand.
• In the medium term, as overseas economies recover and global trade stabilizes, Japan’s growth potential is likely to improve. With persistent labor market tightness and rising medium- to long-term inflation expectations, core inflation is projected to remain on a gradual upward trend, converging toward the 2% price stability target in the latter half of the projection horizon.
• The next meeting is scheduled for 30 to 31 October 2025.

Next 24 Hours Bias

Medium Bearish

Oil

Key news events today

No major news event

What can we expect from Oil today?

Oil prices have recently experienced a sharp decline, with both Brent and WTI crude trading at multi-month lows driven by easing Middle East tensions, increased supply, and renewed China–U.S. trade conflict concerns.  WTI crude slipped below $60 per barrel, settling at approximately $58.90 on Friday, October 10, and Brent crude closed at $62.73 per barrel, marking steep declines of over 4% and 3% respectively, in a single day.

Next 24 Hours Bias
Medium Bearish

The post IC Markets Asia Fundamental Forecast | 13 October 2025 first appeared on IC Markets | Official Blog.

Markets Crash After Trump Hits China with Tariffs – Nasdaq down 3.5%

US stock markets crashed late on Friday after President Trump announced fresh 100% tariffs on Chinese goods in retaliation for export limits that China has placed on rare earth minerals. The Dow dropped 1.90% to 45,479, the S&P 2.71% to 6,552, and the Nasdaq plunged 3.56% to 22,204. The dollar dropped, the DXY closing down 0.69% at 98.85, and Treasury yields fell hard; the 2-year down 9.1 basis points to 3.502%, and the 10-year down 10.6 basis points to 4.032%. Oil prices collapsed to 7-month lows, Brent down 3.82% to $62.73 and WTI down 4.24% to $58.90. Gold rallied on the news to push back above $4,000, ultimately closing up 1.02% at $4,017.79 an ounce.

Trade Conflict Adds More Volatility

Trade conflicts and tariffs raised their heads again in a big way on Friday to rock markets and send US stock markets and the dollar spiraling. The market had been buoyant again through most of last week despite the ongoing US government shutdown, and most investors were looking at this year’s trade conflicts as largely being settled until President Trump fired up on Friday, announcing additional 100% tariffs after China expanded export controls on rare earth mineral exports on Thursday. Traders are now anticipating more volatility on updates on the situation in the coming days, with the focus on whether tariffs will be implemented and whether a scheduled meeting between Trump and Xi Jinping will take place in a few weeks’ time.

Quiet Calendar and Thin Markets to Kick Off Trading Week

It is a very quiet macroeconomic calendar today to kick off the trading week, and with major centers on holiday, traders are expecting thin liquidity conditions. The Asian session is set to start on the back foot as investors react to the weekend’s escalation in the trade conflict between the US and China. New loans data is due out of China at some point (exp. 1,460 bio), which should see some reaction in local markets, although the trade updates are likely to be more impactful. There is little on the calendar to move markets in the London session, and with both US and Canadian markets closed for the day, traders are wary that we could see exacerbated moves in the latter session, with the likelihood high that we will get more geopolitical updates as the day progresses.

The post General Market Analysis – 13/10/25 first appeared on IC Markets | Official Blog.

It was another busy week for traders last week, with new highs being hit across global stock markets and commodities. The continued US government shutdown meant that we had little in the way of data updates from the world’s biggest economy, and it was geopolitics that held the most sway.
Investors are expecting markets to start on the back foot this week after the trade conflict between the US and China dramatically increased on Friday, hitting Wall Street hard in the final session after President Trump advised that he would be hitting China with another 100% tariff on imports to the US.
There are some key data updates due across the week ahead, and most traders are hoping for US data releases to recommence soon. Geopolitical updates look set to dominate direction in the first few days at least, and later in the week we will hear from a raft of central bankers.

Here is our usual day-by-day breakdown of the major risk events this week:

It is a quiet start to the week with little on the calendar to move the dial; however, traders are expecting another busy day as they adjust to the escalating trade conflict between the US and China and react to the weekend’s updates. Liquidity could be an issue as well, with holidays in Japan, Canada, and the US likely to lead to some exacerbated moves.

The calendar does liven up on Tuesday with some major data due out, as well as key central bankers speaking. The Asian session will see a focus on Australian markets with the RBA’s latest Monetary Policy Meeting Minutes out early in the day. UK employment data is out early in the London session, and this is followed by German ZEW Economic Sentiment numbers. The New York session sees some major updates from central bankers, with both Fed Chair Jerome Powell and Bank of England Governor Andrew Bailey speaking, as well as other FOMC members.

Chinese markets will be in focus during the Asian session with key PPI and CPI numbers due out. The London session looks quiet; however, the New York time zone sees the release of the Empire State Manufacturing Index data and more updates from central bankers from around the world who are gathered in Washington, D.C., including RBA Governor Michele Bullock.

Australian markets will remain in focus at the start of the Asian session with key employment data due out midway through the Sydney day. UK markets will again be in focus on the European open with a major data drop due — the GDP data probably the pick of the bunch. There is a raft of US data scheduled shortly after the New York open, including PPI, Retail Sales, and Weekly Unemployment Claims numbers; however, we still do not know whether this will be released. Once again, several FOMC members and other central bankers are due to speak from Washington, D.C.

It’s a quiet calendar day to end the week — barring any updated US data releases — with no tier-1 data scheduled. There are more central bankers scheduled to speak across the later sessions; however, the impact by Friday is likely to be minimal given the updates that have already preceded them.

The post The Week Ahead – Week Commencing 13 October 2025 first appeared on IC Markets | Official Blog.