Think i’ll spend the afternoon beach combing…

AUD and NZD jump higher on news of US-China trade agreement. Its still too early for US futures markets to open, but early Asia FX giving a vote of approval.

U.S. Treasury’s Scott Bessent said China will restart large-scale soybean imports and delay rare-earth export curbs after talks in Malaysia. He said Trump and Xi will seal a deal next week and that the threat of 100% tariffs is now off the table.

Conflicting reports followed a deadly fire at Iraq’s Zubair oil depot, with one worker killed and several injured. Local media said up to 1.5 mn bpd of Basra exports were halted, but officials said flows remain steady around 400,000 bpd.

NK hackers nabbed $2.8B crypto since '24; Bybit hack fuels $1.6B haul. Defense firms adapt, tracing funds to weapons.

Fed eyes rate cut amid 0.3% CPI rise; mega-cap tech earnings & Trump-Xi summit loom. Watch valuations!

Nikkei 225 futures show mixed signals with some contracts up 17329, while open interest dips.

Monday open levels, indicative FX prices, 27 October 2025. US/China tariff Pavlov Dog time Monday morning market liquidity is very thin. It'll improve as more Asian centres come online. Prices are liable to swing around. Take care out there.