Unemployment Rises, Tariff Talk Heats — Traders Take Cover

Author

FX Rocket Profits
October 16, 2025

In partnership with

Aussie Jobs Miss, Taco Trade Explained & Risk-Off Ripples

Markets took a cautious turn midweek as disappointing Australian jobs data and lingering geopolitical uncertainty weighed on sentiment.

Australia’s September jobs report missed expectations, with unemployment climbing to a four-year high of 4.2%. The Aussie dollar slipped as traders priced in a more dovish RBA stance, while risk assets softened across Asia.

Meanwhile, President Trump’s “Taco Trade” proposal — a tariff-linked incentive program aimed at reshaping U.S.–Mexico trade — sparked fresh debate. While details remain fuzzy, the market reaction was swift: MXN volatility spiked, and traders scrambled to assess the policy’s real impact.

The theme? When data disappoints and policy surprises, volatility finds new fuel.

⚡Daily Broad Market Recap – October 15, 2025

  • S&P 500 dipped 0.21%; gold held near $4,144.

  • Oil fell 1.4% to $58; Bitcoin dropped 2.6% to $112,789.

  • USD firmed against AUD and NZD; risk sentiment remained fragile.

🔥Australia’s September Jobs Report Disappoints

  • Unemployment rose to 4.2%, the highest since 2021.

  • Full-time jobs declined; participation rate slipped.

  • AUD weakened as traders priced in potential RBA easing.

📊Trump’s Taco Trade Explained

  • A proposed tariff-linked incentive program targeting U.S.–Mexico trade.

  • Aims to boost domestic production and reshape supply chains.

  • MXN volatility spiked as traders assessed the policy’s implications.

This issue blends soft data with spicy policy. As Aussie jobs disappoint and the Taco Trade stirs debate, traders are reminded that macro surprises — whether economic or political — can shift sentiment fast.

Happy Trading!

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