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Michael Saylor’s latest push to steady Bitcoin holders arrived as markets wobbled this week. A 15-second clip and a fresh corporate buy were timed closely, and both landed while investors were still digesting a sharp pullback that pushed Bitcoin near $102,000 before a rebound. Saylor Issues Viral Warning According to a short cinematic video titled “Don’t Feed The [Bitcoin] Bears,” Saylor used a playful metaphor — “Ursus Bitcoinius, the Bitcoin Bear” — to urge holders not to reward bearish chatter. Based on reports, Strategy, formerly MicroStrategy, also announced a purchase of 220 BTC for about $27.2 million. That move was presented as proof the company remains committed to its crypto holdings. Strategy’s total was reported at 640,250 BTC, valued at roughly $71.40 billion. Market Moves After Trade Shock Markets had slipped earlier after renewed US-China trade tensions. The drop forced liquidations and rattled traders. Bitcoin later recovered to about $111,500, but fear lingered. The broader crypto market cap held near $3.8 trillion. Ether traded past the $4,100, BNB at $1,180 and Solana above $190. Dogecoin outpaced many majors with a 5% gain on the day and a 20% rise for the week. On-Chain Notes And Sentiment Readings On-chain analysts said the pullback looked orderly. Based on reports from CryptoQuant, the sell-off was a controlled deleveraging rather than a panic exit. Sentiment trackers offered mixed signals; the Fear & Greed index sat near 37, while some risk measures showed readings closer to 34. “The bears seem to have had their fill,” FxPro’s Alex Kuptsikevich said. That comment reflected a view that downside pressure may be easing, but it did not mean risk had vanished. Why The Video And Buy Matter The combined message — public morale boost plus a buy — is designed to shore up confidence. Strategy’s purchases act as both an investment and a message to shareholders, who watch company holdings closely. Reports show many traders now defend the $109,000–$110,000 range as a makeshift base that formed back in August. Analyst Views And What To Watch Next Traders and analysts are watching headlines tied to geopolitical tensions and any fresh liquidation data. If risk aversion grows again, prices could test lower ranges. Conversely, steady buying and calmer macro news could support continued gains. Liquidity in futures markets and the pace of new inflows will be key variables. Public Signals Saylor’s video won attention. So did the 220 BTC purchase. Both were public signals aimed at pushing sentiment away from fear. The episode looked like a response to short-term turbulence rather than a definitive end to broader risks. Investors will likely treat the actions as one piece of information among many as they decide whether to add or wait. Featured image from Unsplash, chart from TradingView

Automated Trading – What Is Algorithmic Trading? Automated Trading Algorithmic trading, often referred to as “algo trading,” uses computer programs to automatically execute trades based on pre-set rules or mathematical models.These systems can be as simple as a moving average crossover strategy or as complex as AI-powered predictive algorithms reacting to real-time market data. At its core, algo trading removes emotion from the equation by relying on logic, data, and execution speed to make consistent, objective trading decisions. Automated Trading The Core Idea: If–Then Logic Every trading algorithm follows a fundamental structure: If condition X is met, then execute trade Y. For example: If the 50-day moving average crosses above the 200-day moving average — also known as the “golden cross” — then buy XAUUSD. This simple if–then framework allows traders to maintain discipline, remove emotion, and automate trading decisions based on clearly defined logic rather than market noise. Core Components of an Algorithmic Trading System No matter how complex, every trading algorithm includes four essential components: Signal Generation – Identifies when to buy or sell using price, volume, or technical indicators. Risk Management – Sets stop-loss levels, manages position sizes, and limits market exposure and drawdowns. Execution Strategy – Determines how to enter and exit trades efficiently to reduce slippage and market impact. Performance Feedback – Continuously evaluates results and fine-tunes strategy parameters for optimization. Popular Algorithmic Trading Strategies Algorithmic systems are built around different market behaviors. Here are the most common algo trading strategies used by institutional and professional traders. Trend Following: Buys in uptrends, sells in downtrends using indicators like moving averages or momentum filters. Mean Reversion: Bets that prices will revert to their historical averages after overbought or oversold conditions. Statistical Arbitrage: Exploits small inefficiencies between correlated assets . Market Making: Provides liquidity by posting both buy and sell quotes to capture the bid-ask spread. High-Frequency Trading (HFT): Executes thousands of trades in milliseconds to capitalize on micro price movements. News or Event-Driven Trading: Uses AI to analyze headlines, earnings releases, or central bank statements in real time. Each strategy has its strengths, weaknesses, and optimal market conditions. Successful traders often blend multiple methods to adapt to shifting dynamics. Execution Algorithms: Institutional Institutional traders use execution algos to enter or exit positions without signaling their intent to the market.You’ve probably noticed markets buying dips or selling rallies without obvious reason. This is often the work of execution algorithms quietly operating in the background. Some of the most common execution strategies include: VWAP (Volume-Weighted Average Price): Trades relative to market volume to achieve an average entry price. TWAP (Time-Weighted Average Price): Distributes trades evenly across a set time window. Iceberg Orders: Hide the true order size by displaying only a small visible portion. Sniper or Guerrilla Algos: Execute rapidly when temporary liquidity appears. These tools help institutions executing orders by minimizing slippage, maintaining stealth, and reducing market disruption. Automated Trading The Role of Data and Models Modern algorithmic trading is powered by massive data streams. Algos consume and process information from: Real-time price, volume, and order book data News feeds, sentiment analysis, and social media Macroeconomic indicators and central bank data Machine learning and AI-driven prediction models The cleaner and more comprehensive the data, the smarter and more adaptive the algorithm becomes. Speed and Infrastructure In algorithmic trading, speed is everything.Algos execute trades in microseconds, often using servers co-located near exchange data centers to reduce latency. If you’ve ever seen the market move on an economic release before the headline even hits your screen that’s the algos reacting first. Why Can’t I Compete With the News Trading Algos? In this environment, milliseconds can mean millions. Why Human Oversight Still Matters Despite all the technology, humans remain an essential part of the trading equation.If algorithms were the perfect solution, every trader would be sipping cocktails on a tropical beach, living off automated profits.But markets are not perfectly logical and that’s why human input still matters. Algos can’t anticipate surprises such as: Unexpected geopolitical events A sudden tweet from a world leader An economic report that misses expectations Automated Trading NAS100 4 HOUR CHART When markets “whipsaw,” suddenly reversing direction algos can get trapped on the wrong side of the move.That’s why firms include kill switches and human oversight to intervene when volatility spikes or strategies malfunction. The Reality Check: Algos Are Tools, Not Magic Algorithmic trading has revolutionized markets, making them faster, more efficient, and data-driven. While algo trading allows traders to maintain discipline, remove emotion, and automate trading decisions, it is not a guaranteed path to profits. Many retail traders discover that even a winning algo can fail when conditions change. One approach is to understand how algos think and then think like an algo, but trade like a human. Anther is to manually trade signals triggered by an algo, filtering out those that do not seem like a good risk/reward trade. The other is to fully automate trading while recognizing why the term “Caveat Emptor” (Let the Buyer Beware) applies to relying totally on an algo. In any case, knowing how to read market structure, stop zones, and liquidity flows will give you insight into how algos move prices and how to position yourself on the right side of their logic. Automated Trading Take a FREE Trial of The Amazing Trader – Algo Charting System The post Algorithmic Trading Explained: How Algos Think, Trade, and Shape Today’s Markets appeared first on Forex Trading Forum.

Now that the bull run is dead, will Fed Chair Jerome Powell do further rate cuts? This crash proved two things : 1. Always DCA into bitcoin 2. Hold and assume it’s a lifetime investment Meanwhile, Powell signaled this week that the central bank could be nearing the end of its three-year effort to unwind the massive stimulus unleashed during the 2020 pandemic. Speaking before the National Association of Business Economics in Philadelphia, Powell said the Fed may soon conclude its balance-sheet reduction.” “We may approach that point in the coming months,” Powell said, noting that policymakers have adopted a “deliberately cautious approach” to avoid a repeat of the 2019 money market freeze that forced emergency intervention. (Source: Polymarket) Here’s the best case: the US government sputters back to life within 7–12 days. Here’s what you need to know: DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025 Will Powell Do Further Rate Cuts? Fed Nears End of Quantitative Tightening The Fed’s portfolio peaked at nearly $9 Tn during the pandemic’s peak and now stands around $6.6 Tn, according to FRED. The runoff, known as quantitative tightening (QT), has reduced excess bank reserves and raised questions about whether liquidity conditions could again tighten too sharply. Powell stopped short of confirming an October rate cut but didn’t deny it either, saying the “economic outlook hasn’t changed much” since the Fed’s last meeting. Markets took that as tacit confirmation that another rate cut could be coming, but .cwp-coin-chart svg path { stroke-width: 0.65 !important; } .cwp-coin-widget-container .cwp-graph-container.positive svg path:nth-of-type(2) { stroke: #008868 !important; } .cwp-coin-widget-container .cwp-coin-trend.positive { color: #008868 !important; background-color: transparent !important; } .cwp-coin-widget-container .cwp-coin-popup-holder .cwp-coin-trend.positive { border: 1px solid #008868; border-radius: 3px; } .cwp-coin-widget-container .cwp-coin-trend.positive::before { border-bottom: 4px solid #008868 !important; } .cwp-coin-widget-container .cwp-coin-price-holder .cwp-coin-trend-holder .cwp-trend { background-color: transparent !important; } .cwp-coin-widget-container .cwp-graph-container.negative svg path:nth-of-type(2) { stroke: #A90C0C !important; } .cwp-coin-widget-container .cwp-coin-popup-holder .cwp-coin-trend.negative { border: 1px solid #A90C0C; border-radius: 3px; } .cwp-coin-widget-container .cwp-coin-trend.negative { color: #A90C0C !important; background-color: transparent !important; } .cwp-coin-widget-container .cwp-coin-trend.negative::before { border-top: 4px solid #A90C0C !important; } Bitcoin BTC $111,432.41 0.97% Bitcoin BTC Price $111,432.41 0.97% /24h Volume in 24h $64.83B Price 7d The labor market, while not collapsing, appears frozen in what economists call a “no hiring, no firing” equilibrium. Meanwhile, Wall St. firms remain cautious amid trade friction, automation adoption, and policy uncertainty heading into 2025. US Economic Data Points to Fragile Momentum, What’s Next? (Source: Polymarket) Job openings are down 9% year-over-year, wages flat near 4.1%, and inflation still grinding higher. With the Fed’s next big data week coming, CPI on Oct. 15, PPI on Oct. 16, payrolls on Oct. 17 , this market looks dead. But it’s often when you’re most frustrated, bored, and pissed off (same thing as frustrated, but more apt) that things melt up. Powell’s signals are softening: QT may be ending, and rate cuts are back on the table. Stocks have perked up, treasury yields are slipping, and Bitcoin’s hovering above $112K. We should still see a new BTC ATH in Q4. EXPLORE: BNB Meme Season? Hajimi, 币安人生, And Many 100‑1000x Runners. Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways Now that the bull run is dead, will Fed Chair Jerome Powell do further rate cuts? This crash proved two things :1. Always DCA into bitcoin. TJob openings are down 9% year-over-year, wages flat near 4.1%, and inflation still grinding higher. The post Now That the Bull Run is Dead, Will Powell Do Further Rate Cuts? End of Fed Tightening Near as Job Market Softens appeared first on 99Bitcoins.

Another day, another crypto hack. Hackers hijacked the official DOTA 2 YouTube account to advertise dota2coin, a Solana-based memecoin. The hack came to surface on 15 October 2025, when the scammers started a livestream claiming to launch an official DOTA 2 token. The livestream, headlined “Dota 2 Launch Official Meme Coin Hurry Up,” showcased a (now expired) URL for a Pump.fun token page that redirected viewers back to the compromised YouTube channel. Once the scammers are in, they start a livestream for their shakedown operations, trying to trick people into sending crypto or buying fake tokens. In one incident, the scammers compromised the YouTube account belonging to India’s Supreme Court to promote a fake XRP giveaway. Google’s Threat Analysis Group has previously outlined the modus operandi of these scams, with attackers pretending to be exchanges like Binance or Gemini in an attempt to add credibility to their scams. Previously, hackers have impersonated tech personalities such as Apple co-founder Steve Wozniak, in a Bitcoin giveaway scam, taking away victims’ lifetime savings. EXPLORE: Next 1000X Crypto – Here’s 10+ Crypto Tokens That Can Hit 1000x This Year Crypto Crimes Have Evolved From Phishing To Organized Crime At Scale Aside from the DOTA 2 take-over, another case in the UK highlights the evolution of crypto scams into large scale organized crime. On October 16, 2025, the Metropolitan Police detained five suspects in the UK in connection with a mass-scale cryptocurrency investment scam, potentially defrauding thousands and likely to result in losses upwards of £1 million ($1.34 approximately.) The suspects ran several sites, selling fake presale access to newly launched cryptocurrencies. The sites promised high payouts and guaranteed that the tokens would get listed on large exchanges. In reality, the entire endeavor was a nonstarter. Victims were misled and left holding assets that were worthless. This scam, as well as others in recent times, highlight the increased complexity of crypto crimes. It’s no longer simply phishing mails or forged livestreams. Scammers are building entire ecosystems with the intention of mimicking actual crypto projects. The Met’s Economic Crime Directorate are now encouraging victims to report the crime. EXPLORE: Best New Cryptocurrencies to Invest in 2025 Key Takeaways Hackers hijacked DOTA 2’s YouTube to promote a fake Solana meme coin: dota2coin The scam used livestreams and fake token links to trick viewers into buying worthless assets UK police arrested five people for running fake crypto presale sites defrauding thousands The post DOTA 2 Crypto Hack: How Scammers Hacked DOTA2 YouTube Channel in Meme Coin Heist appeared first on 99Bitcoins.

Credible Crypto, a widely followed market technician with 479,900 followers on X, turned decisively upbeat on XRP in an October 15 video, arguing that the token’s high-time-frame structure “still looks absolutely freaking fantastic” despite “the most devastating and most significant liquidation event in the history of crypto.” He framed last Friday’s cross-market crash—“around 10 times more than the FTX collapse”—as a bottom-forming anomaly and said XRP’s key support held on closing bases, keeping his double-digit price outlook intact. XRP Targets Double-Digits The analyst’s core claim is straightforward: the violent wick to fresh lows across many venues did not invalidate XRP’s high-time-frame uptrend. He points to a monthly demand band at roughly $2.00–$2.40, noting that even after the flash-liquidity cascade “we did not get any 4-hourly closes below $2.30,” and that the deeper prints to $1.17 on some exchanges were byproducts of forced liquidations rather than organic selling. “Ultimately on the high time frames once again it looks fantastic,” he said, adding that XRP’s prior five-wave advance began at ~$0.49; as long as price holds above the origin of that impulse, he views the recent selloff as a mid-cycle correction, not a cycle top. In his words: “This is not the end of the bull run for XRP… we have much higher to go.” He lays out clear tactical markers. On the USD pair, the first meaningful supply band sits around $2.70–$3.11; acceptance above that region would suggest the next impulse has begun. On relative pairs, he highlights a now-familiar horizontal he calls “Gandalf’s grave” on XRP/BTC—a prior multi-touch resistance that recently flipped to support and was respected on hourly closes even during the crash. The path forward, in his telling, splits into two equally plausible tracks. In the first, Bitcoin runs hot toward $130–$150k in a parabolic extension while XRP chops sideways; that rotational dynamic would push XRP/BTC lower toward a deeper, high-time-frame demand zone even as XRP/USD holds a higher base above ~$1.90–$2.30. In the second, XRP stabilizes here and rips sooner, with XRP/BTC launching directly and “the minimum move… a 50% move up against Bitcoin,” which would place XRP/USD at new all-time highs. He cautions that a drift lower on XRP/BTC would be a feature, not a bug: “If you’re not fully loaded on XRP, that is when you should get fully loaded,” he said. Crucially, Credible Crypto ties the XRP roadmap to Ethereum’s next leg. He argues ETH showed “one of the cleanest impulsive movements” in years—a full five-wave advance from ~$2,000 to ~$4,700—then sketched two scenarios. In scenario one (the more aggressive), that $2,000–$4,700 move is wave one of a much larger sequence to $10,000+, with the current drawdown constituting wave two before a $5k–$6k expansion leg. In scenario two (less aggressive), ETH is missing a final wave-five push to new highs just above $5k, and then would undergo a broader, deeper wave-two correction. He even provides a hard invalidation for scenario two: if ETH fell to ~$2,700–$2,800, the overlap with wave-one territory would scrap it, implicitly favoring scenario one. Either way, he says, “sub-$2,000 Ethereum is likely gone for the rest of the cycle.” Why does this matter for XRP? Because if ETH makes a clean run to and through $5k first, XRP/ETH likely bleeds into a deeper green demand band before reversing—timing that would map to XRP/USD basing while the ETH leg completes. He sees that as constructive signal, not weakness: a final dip in XRP/ETH toward higher-time-frame demand would “tell us when we may be seeing good risk-reward opportunity for long trades on XRPUSD,” and the longer the base, “the greater the expansion.” Credible Crypto’s playbook for confirmation is explicit. On XRP/USD, watch for an impulsive five-wave thrust off the lows and for clean acceptance above $2.70–$3.11. On XRP/BTC, either a swift reversal from the “Gandalf’s grave” retest or a controlled bleed into a deeper, pre-identified demand block that would time a stronger USD-denominated breakout later. On XRP/ETH, a drift to the green demand area would likely coincide with ETH’s final push past $5k, after which he expects the cross to reverse hard in XRP’s favor. At press time, XRP traded at $2.42.

Coloured precious stones miner Gemfields (LON: GEM) (JSE: GML) confirmed on Thursday that two police officers were killed earlier this week during an attack at its Montepuez ruby mine in northern Mozambique. According to the company, about 40 illegal miners marched on the mine gate on Monday and assaulted officers guarding the entrance. No Gemfields employees or contractors were injured, and the company said conditions on site have since remained calm. Gemfields said it was informed that the attack may have been linked to an earlier incident involving district immigration authorities investigating suspected illegal immigrants in a nearby village, during which one person reportedly died. The Montepuez operation, located in Mozambique’s impoverished Cabo Delgado province, hosts the world’s richest known ruby deposit. Despite its economic potential, the mine has long been a flashpoint of tension between security forces and local residents, many of whom are unemployed young people drawn to the area’s lucrative gemstones. In recent weeks, Gemfields said illegal miners have sabotaged supply infrastructure connected to the mine’s new processing plant, which is in its final commissioning phase. History of violence Montepuez has a history of violent incursions and human rights controversies. In 2019, Gemfields paid $7.5 million to settle claims from local families alleging abuses by police and security contractors. The settlement did little to ease hostilities. Months later, more than 800 people stormed the mine, leaving nearly a dozen dead, according to the company. Gemfields also reported that a mob attacked and burned a company vehicle during the unrest. Operations were again suspended in December last year when over 200 individuals linked to illegal ruby mining tried to invade a nearby residential village. Shares in Gemfields dropped 1.5% on the news in mid-day trading but recovered shortly after. They were last changing hands at 6.04p, giving the company a market capitalization of 2.3 billion South African rand ($121 million).

On October 20, 2025, the crypto market saw a major flash crash that sent Bitcoin down 20%, and altcoins suffered between 50% and 80% losses as a result. Reports from data trackers show that more than $19 billion in leveraged positions were liquidated as a result. This led to the largest liquidation event in the crypto industry up until that point, leading to comparisons and speculations that this could be a repeat of the infamous COVID-19 crash of 2020. What It Means For Bitcoin And Crypto If This Is A Repeat Of 2020 One of the key crypto players who has pointed out that the current cycle could be similar to that of 2020 is crypto analyst Rekt Fencer. Fencer took to X (formerly Twitter) to share with their over 330,000 followers, a side-by-side chart showing the 2020 performance compared to what is happening now in 2025. To put this in perspective, back in 2020, the crypto market suffered a flash crash where the Bitcoin price fell by more than 50%, and the altcoin market followed. This was a result of the COVID-19 lockdowns that were announced around the world in a bid to curb the spread of the virus. In response to the shutdowns, the stock market had crashed, taking Bitcoin and the crypto market down with it. This led to over $1.2 billion in daily liquidation, which at the time was the most significant liquidation in crypto history. However, this figure now pales in comparison to the over $19 billion in liquidations that were recorded last week. Despite the disparity in the liquidation volumes, crypto analyst Rekt Fencer believes that this could lead to a repeat of what happened after the COVID-19 crash. Back then, the bounce from the crash had been rapid. By 2021, one year later, the entire crypto market had risen to new all-time highs. Taking that performance and using it to map out the Bitcoin and crypto market performance after last week’s crash, it would mean that the market is ready for another bull run. It would also put the market at the bottom of the bull run, meaning that the Bitcoin price is far from its all-time high price. Rekt Fencer explains that “History is about to repeat itself” and “The real move starts when everyone thinks it’s over.” Thus, another explosive rally could be right on the horizon, if this isn’t the start of a bear run.

Overview: The US dollar is mostly a little softer ahead of the start of the North American session. Participants do not seem to have much short-term conviction amid the heightened tensions between the US and China and wary of political developments in France and Japan. Against several pairs, the greenback has frayed its recent ranges but there has been limited follow-through. Poor Australian jobs data boosted market speculation of a rate cut next month, while a recovery in the UK's August GDP is helping lift sterling to the top of the G10 currency performers today. French Prime Minister Lecornu has survived one of two no-confidence motions today after yesterday's significant compromises bought the government some time. Unexpectedly aggressive intervention by the Reserve Bank of India yesterday, and US claims that India has agreed to stop buying Russian oil has seen further gains in the Indian rupee today, making it among the strongest of the emerging market currencies today. Equities continue to march higher. Led by a 2.5% rally in South Korea's Kospi and 1.3% rise in Taiwan's Taiex, most equity markets in the Asia Pacific region advanced today. Europe's Stoxx 600 is about 0.40% higher, and if sustained it would be the third gain this week. US index futures are 0.30%-0.45% better. The disappointing Australian jobs report sent its 10-year yield down more than six basis points (to around 4.14%), while European benchmark 10-year yields are narrowly mixed. The 10-year Treasury yield continues to hover around 4.0%, now 4.02%. Gold stretched to a new record (~$4242) but is now around $4230. December WTI is holding above $58 today but below $58.65. USD: The Dollar Index has finally broken out of last Thursday's range (~98.70-99.55) to the downside, falling to almost 98.40 today. This overshot the (50%) retracement of this month's gains. The 20-day moving average and the (61.8%) retracement are in the 98.20-25 area. The government remains closed and some two million federal employees will go without a paycheck this week. A federal judge ruled yesterday against anymore "reduction in force lay-offs). Still, both political parties appear to be retrenching rather than seeking a compromise. Even with the government shut, the economic calendar is not empty. Today features three surveys: the October Philadelphia Fed survey, the NY Fed's business services survey, and NAHB home builders survey. Still, when everything is said and done, the derivatives markets show near full confidence of a rate later this month and in December. EURO: The euro appears to have forged a base around $1.1540 but has yet to prove itself on the upside. Yesterday, it held below last Thursday's high, slightly below $1.1650, and the (50%) retracement of this month's decline is around $1.1660. Today it has been bid to $1.1675. The next retracement (61.8%) and the 20-day moving average are around $1.1690. France's immediate political logjam has broken with significant and necessary compromises by President Macron. Prime Minister Lecornu has survived one of two no-confidence votes today, but Macron's reform agenda has been stymied, and Lecornu has promised not to use the constitutional provision (Article 49.3) that allows bypassing the National Assembly, which minority French governments have relied on. CNY: The US dollar has frayed the lower end of the range that has confined it since last Thursday against the offshore yuan (~CNH7.1240-CNH7.1500). It was sold to almost CNH7.1210 today before recovering to almost CNH7.1315. The PBOC lowered the dollar's reference rate to its lowest level in nearly a year. It was set at CNY7.0995 yesterday and CNY7.0968 today. Meanwhile, the Dutch government's actions (to take control of Chinese-owned subsidiary of Wingtech, Nexperia continues to be discussed. In late September, the US had put 100s of subsidiaries of Chinese sanctioned companies on its entity list (which is appears to be part of the context of Beijing's tightening and broadening of it critical minerals regime), and it had reportedly threatened to include Nexperia, according to press reports. The Dutch government quickly capitulated but did not go public until last week. Beijing responded this week by blocking Nexperia China and its subcontractors from exporting some components, which appears to undermine the Dutch operations. JPY: The dollar peaked at the end of last week around JPY153.25. Yesterday's low, near JPY150.90, and today it has been sold to JPY150.50. Options for almost $830 mln expire at JPY150.50 today. The (38.2%) retracement of this month's rally was near JPY150.70, and the (50%) retracement is slightly below JPY150.00. The exchange rate seems caught between the soft US yields on the one hand and Japanese politics on the other. The new head of the LDP wants easy monetary and fiscal policy, and she looked poised to be the next prime minister. However, her inability to find a compromise with junior ally for 26 years, the Komeito Party, and the severing of the alliance has created an opportunity for the main opposition parties. Three opposition parties are exploring scope an agreement to support the head of the Democratic Party for the People (DPP) Tamaki as their prime minister candidate. Meanwhile, Takaichi has reached to the Osaka-based opposition party Japan Innovation Party (Ishin) for support for her bid to be prime minister. The DPP and the Constitutional Democratic Party are also trying to woo Ishin. The vote is next week. August was a rough month for Japan. Yesterday, it revised down the month's industrial output to -1.5% from -1.2% and today it reported a 0.4% decline in the tertiary industry index (from a revised 0.2% gain in July, which was initially reported at 0.5%). The enthusiasm for a rate hike this month peaked at the end of September with about a 70% chance of a hike, the most since April. Now, with a new LDP head who could still very well be the next prime minister advocating easy monetary and fiscal policy and poor economic data in tow, the swaps market has around a 15% chance of a hike priced. GBP: Sterling reached a four-day high slightly above $1.3400 yesterday and extended the recovery today to almost $1.3445. Recall, that it set a two-and-a-half month low on Tuesday near $1.3250. Near today's high, sterling met the (38.2%) of the decline since the FOMC rate cut a month ago. The (50%) retracement is slightly above $1.3485. The UK reported that the economy expanded by 0.1% in August after July's unchanged estimate was revised to a 0.1% contraction. Industrial output rose 0.4% (-0.9% in July was revised to -0.4%), while the index of services activity was flat and July's0.1% gain was revised away. The trade balance deteriorated slightly, while construction output weakened (-0.3% after a 0.2% gain in July was revised to zero). CAD: After reaching its best level in six months on Tuesday near CAD1.4080, the greenback consolidated yesterday. Previous resistance around CAD1.4020 now offers support. The daily momentum indicators are stretched but have not turned down. The greenback may need to take out the CAD1.3965 area to begin signaling a top. Nearby resistance is around CAD1.4100, though the CAD1.4165 area is the (50%) retracement of this year's decline. Economic data shows the Canadian economy softened in August but the employment data from last week provides some sense of optimism that it performed better last month. AUD: The Australian dollar managed to extend Tuesday's recovery. It reached $0.6440 on Tuesday, its lowest level in nearly two months before recovering to almost $0.6525 in North America. A disappointing jobs report pushed the Aussie to $0.6480 before recovering back above $0.6500. Options for about A$435 mln at $0.6500 expire today. Overall employment rose by almost 15k (the 5.4k loss in August was doubled in the revision to -11.9k. Full-time posts increased by almost 9k after falling by a revised 48.6k in August (from -40.9k initially). Labor supply growth by almost increase in new employment and this saw the unemployment rate rise to 4.5% from a revised 4.3% (from 4.2% initially). The odds of a rate cut at next month's meeting, as reflected in the indicative pricing in the futures market, have risen to about 67% from about 36% yesterday. It was near 31% at the end of last month. MXN: The dollar remains confined to the range set at the end of last week against the Mexican peso of roughly MXN18.3635-MXN18.6370. While yesterday's low was near MXN18.4350, the MXN18.42 area is the middle of the range that has prevailed since the FOMC meeting on September 17 to cut rates. The greenback is trading between about MXN18.4350 to MXN18.4815, so far today. Options for almost $400 mln at MXN18.39 expire today. Mexico's economic calendar picks up next week with the IGAE report, which is similar to a monthly GDP, August retail sales, and inflation for the first half of October. The central bank meets again on November 6. Pending more data, we suspect that Banxico may pause but signal that the easing cycle is not over. Disclaimer

The trade war, which flared up again last week following Donald Trump's announcement of 100% tariffs on Chinese goods, continues to put pressure on the US dollar. On Thursday morning, the greenback slipped to a low of 98.38, and this may not be the bottom if the uncertainty in US-China relations persists. Here's what we know so far about the conflict — and what markets should expect next. Dollar under pressure: latest currency market trends On Thursday morning, the US dollar index dropped to 98.38 against a basket of major world currencies — a level not seen since spring. The dollar index, which measures the strength of the greenback against six key currencies, fell 0.16% over the past 24 hours and 0.33% over the past week. The euro, in turn, climbed to a one-week high, reaching $1.1664. The Japanese yen showed the most notable strength, rising to 150.52 per dollar — its highest level in seven days. The visible flight from the dollar is driven not only by growing expectations of a Federal Reserve rate cut, but also by geopolitical tensions. Mounting concerns over a potential escalation in the US-China conflict, which reignited last week, are weighing heavily on the greenback. How the new round of the trade war started To recap: the conflict between the US and China began earlier this year, when both sides imposed initial packages of import tariffs and retaliatory restrictions. After several rounds of negotiations and mutual concessions throughout the spring, the two countries agreed on a 90-day trade truce, which was extended multiple times. However, Washington's recent move to impose technical sanctions and new port fees on Chinese vessels triggered a renewed wave of confrontation. Beijing responded in kind, announcing tighter export controls on rare earth minerals and other strategic materials. Additionally, there's growing talk in China about new barriers for Western companies operating in the country. In response, Donald Trump warned that if China doesn't make concessions, additional 100% tariffs could take effect as early as November 1. The White House later softened its tone slightly, with officials saying the U.S. remains open to dialogue and is willing to discuss ways to resolve the dispute. Trump–Xi meeting: hopes and fears Markets and businesses are now pinning their hopes on the upcoming meeting between U.S. President Donald Trump and Chinese President Xi Jinping, which, according to US officials, could take place later this month on the sidelines of the APEC summit in South Korea. This meeting is expected to be a pivotal moment: it could either halt the escalation or cement the divide between the world's two largest economies. US Treasury Secretary Scott Bessent emphasized that Washington is committed to serious diplomatic engagement. Bessent is set to travel to Asia ahead of the summit to meet with Chinese Vice Premier He Lifeng and lay the groundwork for the leaders' face-to-face discussion. This level of preparation underscores the White House's emphasis on negotiations as a tool to stabilize the situation. Still, markets remain cautious: on the one hand, the meeting offers a real chance to extend the current truce and potentially roll back some restrictions. On the other hand, the increasingly harsh rhetoric from both sides leaves little room to expect any major breakthrough without significant trade-offs. New threats and diplomatic strains Despite hopes for the upcoming talks, the trade conflict continues to intensify with new threats. This week, markets reacted strongly to Donald Trump's remarks about possibly restricting imports of Chinese vegetable oil used in biofuel production. Trump said such measures are being considered in retaliation for Beijing's refusal to purchase American soybeans, and that the administration is prepared to act decisively to protect US farmers. Meanwhile, Treasury Secretary Bessent noted that if China continues to tighten export controls on strategic materials, the US is prepared to coordinate countermeasures with its allies, including Europe, Canada, Australia, India, and other Asian nations. He stressed that bureaucratic missteps in China should not dictate the terms of global supply chains, and that any reckless move from Beijing will be met with a collective and firm response. Bessent also singled out the behavior of certain Chinese officials, sharply criticizing Deputy Commerce Minister Li Chengang for what he described as "disrespectful" and "unhinged" behavior during an August visit to Washington. According to Bessent, such actions raise tensions and signal a potential rupture in relations — something the world clearly wants to avoid. Expert views and de-escalation scenarios Most economists agree that the coming weeks will be crucial for the fate of global trade and currency markets. Experts from the Commonwealth Bank of Australia and OCBC believe the most likely scenario is not a sweeping trade deal, but rather another extension of the current truce — even if time-limited. Joseph Capurso, for example, sees a strong possibility that the US and China will prolong mutual concessions for another 90 or even 180 days to avoid further escalation. At the same time, some analysts point out that market jitters stem primarily from structural uncertainty and unpredictable behavior on both sides. The latest tariff and export control threats may simply be posturing — a way to build diplomatic leverage ahead of the summit. Traders report increased volatility in recent days, along with growing demand for safe-haven assets like gold, the yen, and the Swiss franc — reflecting a decline in confidence in the dollar as the world's reserve currency. Some experts go further: a prolonged trade war could reshape global supply chains, and the dollar's current weakness may be just the "first warning shot" before a deeper correction. Markets are particularly uneasy about China's export control mechanisms. Some strategists warn that full implementation of the new rules could lead to a shortage of high-tech components and trigger inflationary pressures in the U.S. and Europe. What's next: key risks and market outlook In the short term, markets will remain extremely sensitive to any statements or leaks related to US-China negotiations. The key date is November 10, when the current phase of the truce is set to expire. If the leaders can at least temporarily "freeze" the conflict, the dollar's decline may slow, and global indices could begin to recover. However, analysts caution that even in the event of de-escalation, the strategic rivalry between the two economic superpowers will not disappear. Investors are already seeking alternatives to the dollar. Capital is flowing into European and Asian markets, as well as into gold. Safe havens — like the franc, yen, and certain commodities — remain in focus. If talks collapse and the proposed tariffs are enacted, the risk of currency turbulence and structural shifts in global trade will only intensify. Ultimately, the dollar's fate in the coming weeks will depend less on macroeconomic indicators or Fed rate decisions, and more on political dialogue between world leaders. A weaker dollar could become the new market norm if the diplomatic impasse continues. But a sharp pivot toward even a temporary compromise could restore trust in the greenback and help stabilize global markets. The material has been provided by InstaForex Company - www.instaforex.com

Stock indices show mixed performanceUS stock indices ended the day with mixed results: the S&P 500 rose by 0.40%, and the Nasdaq 100 added 0.46%. Asian equities also posted gains, despite ongoing trade tensions between the US and China, while gold hit a new all-time high, drawing investor interest. Investors are now awaiting fresh inflation data to gauge the likelihood of further rate cuts by the Federal Reserve. Follow the link for details. Banking sector boosts market optimismPositive earnings reports from US banks and efforts by the US to ease trade tensions with China contributed to a rally in the S&P 500. Profits among the six largest banks rose by 19%, although market volatility and uncertainty remain elevated. Analysts note that the financial sector could serve as a growth engine in the fourth quarter, provided that lending activity stays stable. Follow the link for details. As a reminder, InstaForex offers the best conditions for trading stocks, indices, and derivatives, helping traders profit effectively from market volatility. The material has been provided by InstaForex Company - www.instaforex.com

For the second consecutive day, the GBP/JPY pair is showing gains. Mixed data from the UK failed to exert any noticeable pressure on the British pound. On the other side of the pair, expectations that the Bank of Japan will continue its policy normalization and raise interest rates by the end of the year are preventing the Japanese yen from suffering deeper losses. However, domestic political uncertainty could make further monetary tightening by the Bank of Japan more difficult, ultimately limiting the intraday rise of the Asian currency. Disagreements within the ruling Liberal Democratic Party (LDP) and its coalition partner Komeito have jeopardized Sanae Takaichi's ambitions to become the country's first female prime minister. At the same time, this has eased concerns about Japan's fiscal stability, keeping alive expectations for a possible rate hike by the Bank of Japan later this year. From a fundamental standpoint, it would be prudent to wait for continued buying above the 203.00 round level before fully confirming the end of the correction and opening new long positions. Meanwhile, traders with a bearish bias may prefer to wait for a sustained move below 201.30 before entering new short positions. From a technical perspective, oscillators on the daily chart remain positive, indicating that the path of least resistance for the pair is upward. Nonetheless, it is advisable to wait for a steady move above the 203.00 level before initiating new buy positions. At the same time, for bears, it makes sense to wait for a decline below Tuesday's low near 201.30 before opening new short positions. The material has been provided by InstaForex Company - www.instaforex.com

As the market volatility continues, Ethereum (ETH) has dropped 3.1% in the daily timeframe and is attempting to hold a key price area as support once again. Despite the dip, some analysts have suggested that the King of Altcoin is set to start a new expansion phase soon. Ethereum Retests Major Support Zone On Wednesday, Ethereum fell below the $4,000 level for the third time this week, retesting a crucial area before bouncing. The cryptocurrency has been trading within the $3,800-$4,800 price range in the daily timeframe since the early August breakout. During the recent market correction, ETH briefly lost its local range, reaching a two-month low of $3,435 last Friday. Nonetheless, the price quickly bounced from the lows, reclaiming the $4,000 area over the weekend. Since then, the King of Altcoins has been hovering around the lows, attempting to reclaim the range’s mid-zone but ultimately failing. As the price retested the $3,900 area, Daan Crypto Trades noted that Ethereum has been able to maintain daily closes above the $4,100 area despite this week’s volatility, suggesting that a recovery of this level is still possible today. Nonetheless, failing to hold this area in the daily timeframe could propel a drop to the $3,800 support and risk a potential dip to the $3,400 mark. The trader also warned that the cryptocurrency must also hold the $4,100 region on the weekly timeframe to maintain its current structure and target a climb to the range highs around $4,800. He affirmed that “the real fun starts if this can trade and close above $5K. Until then, we’re range-bound within those two levels.” Similarly, Ali Martinez highlighted that ETH could see a 28%-53% rally based on Ethereum’s MVRV Extreme Deviation Pricing Bands. According to the analyst, if the price holds the $3,900 level, which is a major support, “the Pricing Bands point to a move toward $5,000 or even $6,000.” Is A Repeat Of ETH’s 2021 Playbook Coming? Other market watchers have also shared a positive long-term outlook for ETH, suggesting that investors shouldn’t worry about the recent price pullbacks. Analyst Crypto Jelle pointed out the 18-month descending broadening wedge formation on Ethereum’s chart, which was broken out of during the Q3 rally. Jelle noted that the cryptocurrency is “just holding the breakout area as support,” consolidating between the breakout area and the last cycle’s ATH. To the analyst, ETH looks “very ready for a rapid expansion higher” once it breaks out of the accumulation range. Meanwhile, Crypto Kaleo emphasized the structural similarities between the beginning of the last bull market’s breakout and Ethereum’s current price action. Per the chart, the King of Altcoins traded within a two-year range during the previous cycle, retesting the range’s resistance twice and briefly deviating below the range’s low before breaking out. Then, ETH saw a multi-month accumulation period above the breakout level before continuing its rally toward new highs. Kaleo’s post highlighted that the cryptocurrency appears to be repeating a similar playbook, currently consolidating before potentially resuming its run toward higher targets in the next few months. As of this writing, ETH is trading at $4,001, a 11.3% decline in the weekly timeframe.

A positive risk sentiment is undermining demand for the safe-haven CHF and helping to limit losses for the pair. However, expectations of Fed rate cuts, renewed U.S.–China trade tensions, and the ongoing U.S. government shutdown continue to put pressure on the dollar. The USD/CHF pair is attempting to halt its decline today. U.S. dollar selling has continued for the third consecutive day amid growing concerns about economic risks linked to the prolonged U.S. government shutdown and renewed trade tensions with China. Additional downward pressure comes from dovish expectations regarding Federal Reserve policy — a key factor weighing on the dollar's exchange rate. On Wednesday, the Senate once again failed to pass the government funding bill approved by the House of Representatives — for the ninth time. The government shutdown, which began on October 1, has now lasted three weeks. At the same time, tensions between the U.S. and China have intensified: the U.S. has expanded restrictions on the export of technological goods, while China has announced strict controls over rare earth metals — further fueling fears of a full-scale trade war. Meanwhile, market participants are already pricing in a 25-basis-point rate cut by the U.S. central bank at two upcoming meetings — in October and December. This trend is largely supported by the dovish tone of Fed Chair Jerome Powell, who said on Tuesday that the labor market remains in a depressed state, with low hiring and firing activity. This continues to favor dollar bears. However, the positive sentiment in equity markets is preventing the Swiss franc — a traditional safe-haven asset — from strengthening too sharply. This also helps attract buyers to the USD/CHF pair around the 0.7935–0.7930 area. Today, special attention should be paid to the speeches of several influential FOMC members, which could provide new signals and shift market dynamics during the North American session. From a technical perspective, oscillators on the daily chart are mixed, and the Relative Strength Index (RSI) has dropped into negative territory, indicating weakness among the bulls. Nevertheless, the pair will likely attempt to halt its decline. If it manages to break above 0.7975, prices may gain momentum to reach the 0.8000 psychological level, with 0.7990 acting as an intermediate resistance. However, failure to hold above 0.7958 could push the pair down to 0.7940. A drop below that level would mean USD/CHF losing its footing, accelerating the fall toward the 0.7900 level. The material has been provided by InstaForex Company - www.instaforex.com

Today highlights Bitcoin and crypto price dips following Trump news on trade policies. Our prediction warned of Bitcoin price volatility last week, and it hit the mark as markets reacted to US and China tensions. Crypto bros are now watching, monitoring, and hoping for Trump 3pm speech for clues on easing pressures. Read the original piece here. The post Crypto News Today, October 16: Last Week’s Bitcoin Price Prediction Came True, Another Pain Came | Trump Announcement to Revive Crypto? appeared first on 99Bitcoins.

Asia Market Wrap - Asian Stocks Advance Most Read: EUR/JPY Forecast: Support at 175.00 Holds the Key to Immediate Bullish Continuation Stock markets were mostly up across Asia on Thursday, driven by a strong rebound in the chip sector and a good start to the US earnings season. Japan’s Nikkei index climbed 1.2%, heavily boosted by chip and Artificial Intelligence (AI) related stocks. This momentum increased after Taiwanese chip giant TSMC announced record earnings, and also because political developments raised the chances that pro-stimulus lawmaker Sanae Takaichi would become Japan's next Prime Minister. Even though the announcement came after its market closed, Taiwanese stocks finished the day up 1.4%, hitting a new record. South Korea’s KOSPI index also surged, jumping 2.2% to a record peak, after a high-level official expressed optimism about ongoing talks to finalize a trade deal with the US Similarly, Australia’s main stock index added 0.9% and hit its own record high, a rise fueled by the hope that poor recent job data would encourage the central bank to cut interest rates soon. However, the Chinese markets lagged behind: Hong Kong’s Hang Seng index fell 0.7%, and mainland Chinese stocks were flat, as investors remain cautious about the complicated and uncertain path of trade relations with the US. UK Economy Shows Resilience, Bigger Picture Remains a Concern The UK economy grew slightly in August 2025, expanding by 0.1%, which reversed a small decline in July and met market expectations, but the growth was narrowly focused. The primary driver of this modest expansion was the production sector, which grew by 0.4%, bouncing back after shrinking the month before. This increase was led by strong growth in manufacturing (up 0.7%) and the energy/utilities sector. However, the largest part of the economy, the services sector, showed zero overall growth for the second month in a row. While some areas like administrative support and healthcare saw strong growth, these were completely canceled out by significant drops in other consumer-facing industries like retail/wholesale trade, arts/entertainment, and transportation. Furthermore, the construction sector shrank by 0.3%, mainly because repair and maintenance work decreased. This overall picture suggests the UK economy is struggling to gain solid, broad momentum. With that in mind the OBR is still likely to downgrade its economic assessment in the Autumn, blowing a £25bn hole in the budget relative to the Spring Statement in March. European Session - Nestle Rallies 7.5% European stock markets saw a marginal uptick on Thursday as market participants processed a mix of company earnings, following a week of volatility driven by tariff concerns. The overall STOXX 600 index nudged up 0.06%. The day's movement was characterized by strong gains in the food and beverage sector being balanced out by losses in the travel and leisure sector. The biggest winner was Nestle, the world’s largest packaged food company, whose stock climbed 7.59% after it reported sales growth that was better than expected and announced plans to cut 16,000 jobs. However, not all companies shared this success. French spirits maker Pernod Ricard dipped 0.77% after confirming a previously warned-about 7.6% drop in sales, which it blamed on weak consumer demand and stores reducing inventory in China and the US. In the UK, hotel operator Whitbread fell 7.1% after reporting a drop in half-year profit due to lower food and beverage sales. On the positive side, Franco-German lab equipment company Sartorius and its French unit both saw their shares jump over 9% after releasing positive quarterly results and forecasts. On the FX front, the U.S. dollar weakened slightly on Thursday, continuing its recent slide, as concerns over the trade war between the US and China weighed on sentiment. The dollar index, which tracks the dollar's value against other currencies, was down 0.16% and heading for a weekly loss. In Europe, the euro climbed 0.12% to a one-week high as traders became confident that French Prime Minister Sebastien Lecornu would survive two no-confidence votes in parliament, which helps reduce political uncertainty for the currency. Meanwhile, the Japanese yen briefly strengthened before leveling out, as the country's s ruling party began talks with a potential new partner (the Japan Innovation Party) that could help the pro-stimulus candidate Sanae Takaichi secure the Prime Minister position next week. Separately, the Australian dollar slipped 0.36% after new data revealed that unemployment had hit a four-year high in September, increasing the likelihood that Australia's central bank might cut interest rates. Currency Power Balance zoom_out_map Source: OANDA Labs Oil prices increased by about 1% on Thursday, rebounding from earlier losses, after a statement from US President Donald Trump suggested that global supply could tighten. Trump claimed that Indian Prime Minister Narendra Modi had promised India would stop buying oil from Russia. Since India and China are currently the two largest buyers of Russian crude, a halt by India would remove a significant amount of discounted oil from the market, potentially driving up prices elsewhere. This news caused both Brent crude and U.S. West Texas Intermediate (WTI) futures to rise by around 1%, with Brent trading at $62.47 a barrel and WTI at $58.85 a barrel. Gold prices soared to yet another record high on Thursday, marking the fifth day in a row of gains, as investors continue to rush toward the metal as a safe investment. This sustained rally is being fueled by multiple sources of global and domestic uncertainty. Spot gold rose to $4,232.39 per ounce, after setting an all-time record of $4,241.77 in the Asian session.. For more on the movement of Gold prices, read Gold (XAU/USD) Price Eyes Acceptance Above $4100/oz on US-China Trade War Fears, Up 2% on the Day Economic Calendar and Final Thoughts The most important issue for financial markets right now is the unstable relationship between the US and China, particularly ahead of two critical dates. Presidents Trump and Xi are scheduled to meet around October 29-31 at the APEC summit in Korea, just before the November 10th deadline when US tariffs on Chinese goods are set to jump significantly if no agreement is reached. The big unknown is whether China's aggressive move to impose export controls on rare earth materials is a genuine, long-term threat or simply a powerful tactic to gain concessions in the upcoming talks. This step by China has clearly alarmed G7 nations, who are preparing a rare joint statement of protest. While US Treasury Secretary Scott Bessent has hinted at a longer extension on existing tariffs if tensions ease, the failure to resolve these rare earth controls could lead to a very difficult and volatile few weeks for markets worldwide. Due to the US government shutdown, no key economic data is being released today. Instead, attention will turn to speeches being given by two Federal Reserve officials, Christopher Waller and Stephen Miran, later this afternoon (around 3:00 PM CET). Both of these officials are known for favoring a cautious approach, or even cuts, to interest rates, which could put slight downward pressure on the US dollar. As a result, the dollar index could remain close to the 98.50 level today. zoom_out_map For all market-moving economic releases and events, see the MarketPulse Economic Calendar. (click to enlarge) Chart of the Day - FTSE 100 Index From a technical standpoint, the FTSE 100 has broken below the 100-day MA. However the most recent four-hour candle has closed as an inverted hammer candlestick which does hint at further upside. The period-14 RSI is trading below the 50 level hinting at bearish momentum. If this breaks back above the 50 mark, we could see the FTSE 100 rally back toward the Tuesday highs around the 9500 mark. Meanwhile a rejection at current price levels could set the FTSE up to retest support at 9357 before the 200-day MA at 9326 comes into focus. FTSE 100 Index Four-Hour Chart, October 16. 2025 zoom_out_map Source: TradingView.com (click to enlarge) Follow Zain on Twitter/X for Additional Market News and Insights @zvawda Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2025 OANDA Business Information & Services Inc.

A BNB Coinbase deal has officially been reached, rewriting crypto’s rivalry map. It’s the first real bridge between the two giants. People are going ride or die with .cwp-coin-chart svg path { stroke-width: 0.65 !important; } .cwp-coin-widget-container .cwp-graph-container.positive svg path:nth-of-type(2) { stroke: #008868 !important; } .cwp-coin-widget-container .cwp-coin-trend.positive { color: #008868 !important; background-color: transparent !important; } .cwp-coin-widget-container .cwp-coin-popup-holder .cwp-coin-trend.positive { border: 1px solid #008868; border-radius: 3px; } .cwp-coin-widget-container .cwp-coin-trend.positive::before { border-bottom: 4px solid #008868 !important; } .cwp-coin-widget-container .cwp-coin-price-holder .cwp-coin-trend-holder .cwp-trend { background-color: transparent !important; } .cwp-coin-widget-container .cwp-graph-container.negative svg path:nth-of-type(2) { stroke: #A90C0C !important; } .cwp-coin-widget-container .cwp-coin-popup-holder .cwp-coin-trend.negative { border: 1px solid #A90C0C; border-radius: 3px; } .cwp-coin-widget-container .cwp-coin-trend.negative { color: #A90C0C !important; background-color: transparent !important; } .cwp-coin-widget-container .cwp-coin-trend.negative::before { border-top: 4px solid #A90C0C !important; } BNB BNB $1,176.29 0.96% BNB BNB Price $1,176.29 0.96% /24h Volume in 24h $4.43B Price 7d At the same time, Coinbase has accelerated its multi-network roadmap, promising integrations with Bitcoin Hyper, Maxi Doge, PEPENODE, and Snorter Bot. According to Barron’s research, newly listed tokens on Coinbase have historically averaged +91% gains in their first five trading days, underscoring the platform’s influence on early price discovery. DISCOVER: 7 High-Risk High-Reward Cryptos for 2025 BNB Price Action: Data Points to Rising Activity Despite BNB Volatility (Source: CoinGecko) BNB currently trades around $1,168, down 4.3% in the past 24 hours and 11% over the week, but still up +27% month-over-month, according to CoinGecko. DeFi Llama puts Binance Smart Chain’s total value locked at over $8.7 Bn, keeping it behind only Ethereum and Tron. (Source: DefiLlama) The Coinbase BNB deal lands just as Binance faces new scrutiny over its listing practices. Limitless Labs CEO CJ Hetherington claims the exchange demands a cocktail of airdrops, deposits, and token reserves and as much as 16% of a project’s total supply. Binance denied the allegations, calling them “false and discriminatory,” and warned of possible legal action. Why The Coinbase BNB Listing Matters The BNB listing feels like a ceasefire in crypto’s longest cold war. For Coinbase, it’s proof that liquidity now matters more than loyalty. For Binance, it’s validation that its ecosystem has grown too big for any one exchange to ignore. In a market driven by scale and credibility, the two had no choice but to squash differences. EXPLORE: BNB Meme Season? Hajimi, 币安人生, And Many 100‑1000x Runners. Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways A BNB Coinbase deal has officially been reached, rewriting crypto’s rivalry map. It’s the first real bridge between the two giants. The XRP price broke above $3.00 and didn’t flinch. At least not yet… The post BNB Coinbase Deal Marks a Turning Point in the Exchange Wars appeared first on 99Bitcoins.

On Wednesday, the EUR/USD pair continued its upward movement after consolidating above the 61.8% retracement level at 1.1594 and closed above the 1.1645–1.1656 resistance level. Thus, the upward movement may continue today toward the next 38.2% retracement level at 1.1718. A consolidation below 1.1645–1.1656 would favor the U.S. dollar and lead to a decline toward the 1.1594 corrective level. The wave pattern on the hourly chart remains simple and clear. The last upward wave broke the high of the previous wave, while the last completed downward wave did not break the previous low. Therefore, the trend is now turning bullish. Recent labor market data, the Fed's shifting monetary policy outlook, and Trump's renewed aggression toward China all support bullish traders. On Wednesday, the bulls had few strong reasons for a new offensive. However, I want to draw traders' attention to the fact that since Jerome Powell's speech on Tuesday evening, only the bulls have been attacking, while the dollar keeps falling. I don't believe Powell's comments made most traders significantly more "dovish" regarding the FOMC's monetary policy outlook, but his speech itself may have acted as a trigger for the market. In recent weeks, I've repeatedly wondered: why has the dollar been rising when Donald Trump continues to escalate trade aggression against many countries, the Fed is expected to further ease monetary policy, and the U.S. labor market keeps weakening? In my view, the bulls hold all the cards needed to continue pressing forward. It seems they deliberately stepped back a little to buy the euro and sell the dollar at better prices. Therefore, I expect a new bullish trend, which should prove fairly long-lasting. By the way, the U.S. government shutdown continues, and Powell understands that rate cuts will be necessary, as the labor market cannot survive without them. On the 4-hour chart, the pair consolidated below 1.1680, which allows traders to anticipate a continuation of the decline toward the 127.2% retracement level at 1.1495. However, a bullish divergence has formed on the CCI indicator, which halted the decline. A close above 1.1680 and the descending trend channel would favor the euro and signal a resumption of the bullish trend toward the 161.8% retracement level at 1.1854. Commitments of Traders (COT) Report: During the last reporting week, professional traders closed 789 long positions and opened 2,625 short positions. The sentiment of the Non-commercial group remains bullish, largely thanks to Donald Trump, and continues to strengthen over time. The total number of long contracts held by speculators is now 252,000, while short positions amount to 138,000 — nearly a twofold difference. In addition, note the number of green cells in the upper table, which indicate strong position-building in the euro. In most cases, interest in the euro continues to grow, while interest in the dollar declines. For thirty-three consecutive weeks, large traders have been reducing their short positions and increasing their long ones. Donald Trump's policies remain the most significant factor for traders, as they may cause many long-term structural problems for the U.S. economy. Despite several important trade deals being signed, many key economic indicators continue to show weakness. News Calendar for the U.S. and the Eurozone: U.S. – Philadelphia Fed Business Activity Index (12:30 UTC)Eurozone – ECB President Christine Lagarde's Speech (16:00 UTC)On October 16, the economic calendar contains two entries, neither of which is particularly noteworthy. The influence of the news background on market sentiment on Thursday is expected to be weak. EUR/USD Forecast and Trading Recommendations: Sell positions may be considered upon a close below the 1.1645–1.1656 level on the hourly chart, targeting 1.1594. Buy positions could previously be considered upon a close above 1.1594, with a target of 1.1645–1.1656, which has already been reached. Today, a consolidation above 1.1645–1.1656 allows for new buy trades with a target of 1.1718. Fibonacci grids are drawn from 1.1392–1.1919 on the hourly chart and from 1.1214–1.0179 on the 4-hour chart. The material has been provided by InstaForex Company - www.instaforex.com

On the hourly chart, the GBP/USD pair continued its upward movement on Wednesday and reached the new resistance level of 1.3425–1.3431. A rebound of quotes from this zone will favor the U.S. dollar and lead to a moderate decline toward the support level of 1.3357–1.3360. A firm breakout above 1.3425–1.3431 would increase the likelihood of further growth toward the next 50.0% retracement level at 1.3487. The wave structure turned "bullish" in almost a single day. The last completed downward wave broke the previous low, but the most recent upward wave broke the previous high. The news background in recent weeks has been negative for the U.S. dollar, yet bullish traders had not taken advantage of the opportunities to advance. Now they may finally be spreading their wings. This morning, the U.K. released important reports on industrial production and GDP for August. The British economy grew by 0.1% m/m, in line with market expectations. Industrial production volumes increased by 0.4%, which exceeded forecasts. However, so far the pound has not used these data to extend its rally. The 1.3425–1.3431 resistance level may have played a role in halting the sterling's advance. It is also worth noting that after the speeches by Donald Trump and Jerome Powell on Tuesday evening, it's now the bulls who are attacking. In my view, this is quite logical. Bulls had been retreating for a long time, even though they had opportunities to strike. Jerome Powell made it clear to traders that the Fed is likely to continue easing its monetary policy. Donald Trump first raised tariffs on China to 100%, then threatened to cut off all relations with Beijing, followed by reports of 500% tariffs. Thus, there is absolutely no sign of "de-escalation" in U.S.-China relations. However, bullish traders now have a solid fundamental base and very favorable prices for a long-term offensive. On the 4-hour chart, the pair reversed in favor of the pound after forming a bullish divergence on the CCI indicator, and then rose to the 100.0% retracement level at 1.3435. A rebound from this level would allow traders to expect a reversal in favor of the U.S. currency and some decline. A breakout above this level would increase the likelihood of continued growth toward the next Fibonacci level of 127.2% – 1.3795. No new emerging divergences are observed on any indicator today. Commitments of Traders (COT) Report: The sentiment of the Non-commercial category of traders became more bullish during the last reporting week. The number of long positions held by speculators increased by 3,704, while the number of short positions decreased by 912. The gap between long and short positions now stands roughly at 85,000 vs. 86,000. Bullish traders are once again tipping the scales in their favor. In my view, the pound still faces downside risks, but with each passing month the U.S. dollar looks weaker and weaker. If previously traders worried about Donald Trump's protectionist policies without knowing what consequences they might bring, now they may be concerned about those very consequences: a possible recession, the continuous introduction of new tariffs, and Trump's confrontation with the Federal Reserve — which could result in the regulator becoming politically subordinate to the White House. Thus, the pound now looks far less vulnerable than the U.S. dollar. News Calendar for the U.S. and U.K.: U.K. – GDP Change (06:00 UTC)U.K. – Industrial Production Change (06:00 UTC)U.S. – Philadelphia Fed Business Activity Index (12:30 UTC)On October 16, the economic calendar contains three entries, two of which have already been released. The influence of the remaining news background on market sentiment throughout the rest of the day is expected to be very weak. GBP/USD Forecast and Trading Recommendations: Sell positions may be considered upon a rebound from the 1.3425–1.3431 level on the hourly chart, targeting 1.3360. Buy positions can be considered if the pair closes above the 1.3425–1.3431 level, with a target of 1.3487. Fibonacci grids are built between 1.3725–1.3247 on the hourly chart and 1.3431–1.2104 on the 4-hour chart. The material has been provided by InstaForex Company - www.instaforex.com

The U.S. dollar continues to lose ground against a number of risk assets as more Federal Reserve officials voice support for cutting interest rates at the upcoming meeting scheduled for the end of October this year. Steven Miran, a so-called Trump appointee, stated in an interview yesterday that recent trade tensions have heightened uncertainty about growth prospects, making it more important for policymakers to cut interest rates quickly. "There are now more downside risks than there were a week ago, and I think we, as policymakers, have to acknowledge that," Miran said on Wednesday. According to him, the increased uncertainty surrounding trade policy between China and the U.S. has created new downside risks. "I would say that right now I want even lower rates than a week or a month ago," Miran added. "However, given the change in the balance of risks, I think it's even more important to move quickly toward a more neutral policy." It is clear that many economists and market participants supported Miran's position, emphasizing that rate cuts are necessary to stimulate the economy amid growing uncertainty — a sentiment reflected in the weakening U.S. dollar. However, others voiced concerns about the potential negative consequences of sharp rate reductions. The risks of fueling inflation and devaluing the national currency are higher with such an approach. For this reason, a more balanced and gradual easing of monetary policy is needed — one that takes into account the current economic situation and potential threats. It is worth recalling that companies operating within the semiconductor supply chain are preparing for a full-scale trade war after President Donald Trump last week threatened to impose additional 100% tariffs on China. This move followed restrictions introduced by the Asian nation on the export of rare earth metals, to which the U.S. responded by saying it would also consider controlling the sale of any critical software. Federal Reserve Chair Jerome Powell, speaking this Tuesday, confirmed expectations for a second consecutive quarter-point rate cut at the upcoming meeting of officials later this month. Concerns that a slowdown in hiring could trigger a rise in unemployment are likely to influence the decision — even though inflation still remains above the Fed's 2% target. As for the current EUR/USD technical picture, buyers now need to focus on breaking above 1.1680. Only that will allow them to aim for a test of 1.1715. From there, the pair could rise to 1.1745, though doing so without the support of major players will be quite challenging. The most distant target remains the 1.1765 high. In case of a decline, I expect significant buying activity only around 1.1644. If no support is found there, it would be better to wait for a retest of the 1.1614 low or consider opening long positions from 1.1580. Regarding the GBP/USD technical picture, pound buyers need to break through the nearest resistance at 1.3450. Only then can they target 1.3480, above which further progress will be difficult. The most distant target is the 1.3525 level. If the pair declines, bears will attempt to regain control around 1.3400. If successful, a breakout below this range would seriously damage the bulls' positions and push GBP/USD down to 1.3370, with the potential to reach 1.3333. The material has been provided by InstaForex Company - www.instaforex.com

Yesterday, the European currency continued to strengthen against the U.S. dollar. Traders are now focusing primarily on the divergence between the European Central Bank and the Federal Reserve's policy paths: the former has no plans to change its stance anytime soon, while the American regulator, on the contrary, intends to actively cut rates by the end of the year. Yesterday, European Central Bank Governing Council member Joachim Nagel stated that there are currently no grounds for changing interest rates and warned that certain components of inflation require ongoing attention. Although it is still too early to say what will happen with borrowing costs in the coming months, the head of the Bundesbank noted that consumer prices are almost aligned with the 2% target. "I see that we are close to our target," Nagel said on Wednesday. "I don't see any reason to change anything unless something new emerges. But I don't see where that might come from." ECB officials are generally satisfied with the current level of interest rates, repeatedly describing monetary policy as being in good shape. Most believe that inflation—despite a projected shortfall over the next two years—will remain around 2%, and they are confident that the region's economy is successfully coping with the shocks caused by U.S. tariffs. However, some policymakers are reluctant to rule out another deposit rate cut, which has already been reduced eight times during this cycle, mindful that consumer price growth could stagnate below the target. President Christine Lagarde recently stated that she would never declare an end to easing, as the current favorable situation could still change. Incidentally, she is scheduled to speak again today. One of the officials advocating to keep the option of further rate cuts open is Governing Council member Francois Villeroy de Galhau. In a separate interview this week, the French official said that although the ECB is in a good position, that does not necessarily mean its stance is fixed. "The inflation risk is more tilted to the downside," Villeroy said. "Therefore, if there is a next move, I think a rate cut is more likely than an increase," he added. For now, the difference between the two regulators' policies is fully evident: the euro continues to strengthen, while the U.S. dollar is losing ground. Most likely, this trend will persist. As for the current EUR/USD technical picture, buyers now need to work on breaking above 1.1680. Only that will allow for a test of 1.1715. From there, it could move up to 1.1745, although doing so without support from large players will be quite challenging. The furthest target is the 1.1765 high. In the event of a decline, I expect significant buyer activity only around 1.1644. If no support is found there, it would be better to wait for a retest of the 1.1614 low or open long positions from 1.1580. Regarding the GBP/USD technical picture, pound buyers need to break through the nearest resistance at 1.3450. Only then will they be able to target 1.3480, above which further progress will be difficult. The furthest target is the 1.3525 level. If the pair falls, bears will attempt to regain control around 1.3400. If successful, a break below this range would seriously damage the bulls' positions and push GBP/USD down to 1.3370, with a potential extension to 1.3333. The material has been provided by InstaForex Company - www.instaforex.com

On-chain data shows the short-term holder Bitcoin whales have recently increased their Realized Cap share to the highest level ever. Bitcoin Is Currently Being Dominated By New Capital In a new post on X, CryptoQuant community analyst Maartunn has talked about the latest trend in the share of the Bitcoin whale Realized Cap held by the short-term holders. The Realized Cap here is an on-chain indicator that measures, in short, the total amount of capital that the BTC investors as a whole have put into the cryptocurrency. Changes in this metric reflect the incoming or outgoing of capital. In the context of the current topic, the Realized Cap of only a portion of holders is of interest: the whales. These are the entities carrying more than 1,000 BTC (about $111.4 million) in their balance. Whales can be further broken down into cohorts on the basis of holding time. Whale-sized holders who bought their coins within the past 155 days are known as the short-term holder (STH) or new whales. Similarly, those who have a holding time higher than this cutoff are called the long-term holder (LTH) or old whales. Now, here is the chart shared by Maartunn that shows how the Bitcoin Realized Cap dominance of these two groups has changed over the past decade: As displayed in the above graph, new whales have rapidly gained ground in the Bitcoin Realized Cap recently and hit a dominance of 44%. The STH whales represent the big-money capital that has come into the coin over the last 155 days. Thus, it would appear that 44% of the capital stored on the BTC network is currently “fresh.” This is the largest share of the whale Realized Cap that the STHs alone have occupied in the cryptocurrency’s history. To put things into perspective, the 2021 bull run topped out at a value of 31%. The STH whales gain Realized Cap dominance through two means: a transfer of coins between members of the cohort at a higher price and selling from the LTH whales. LTH whales are the resolute hands of the market who hold out through volatile periods in wait for profitable exit opportunities. These smart-money investors usually ramp up their selling during bull runs and transfer their coins to new money coming into Bitcoin. As long as demand is high enough to absorb this distribution, the rally continues, but once capital inflows drop off, the asset hits a top. So far, the growth in the STH whale Realized Cap share has maintained, but it only remains to be seen how much room is still left. BTC Price Bitcoin has been struggling to recover since Friday’s crash as its price is still trading around $111,400.

The crypto crash continued on Wednesday as selling pressure intensified across most sectors. The total crypto market cap fell another 1.2% to $3.78 trillion, with fear levels climbing as the Crypto Fear & Greed Index dropped to 32 (Fear). Amid growing uncertainty, traders are already looking for the next crypto to explode once the market stabilizes. Bitcoin .cwp-coin-chart svg path { stroke-width: 0.65 !important; } .cwp-coin-widget-container .cwp-graph-container.positive svg path:nth-of-type(2) { stroke: #008868 !important; } .cwp-coin-widget-container .cwp-coin-trend.positive { color: #008868 !important; background-color: transparent !important; } .cwp-coin-widget-container .cwp-coin-popup-holder .cwp-coin-trend.positive { border: 1px solid #008868; border-radius: 3px; } .cwp-coin-widget-container .cwp-coin-trend.positive::before { border-bottom: 4px solid #008868 !important; } .cwp-coin-widget-container .cwp-coin-price-holder .cwp-coin-trend-holder .cwp-trend { background-color: transparent !important; } .cwp-coin-widget-container .cwp-graph-container.negative svg path:nth-of-type(2) { stroke: #A90C0C !important; } .cwp-coin-widget-container .cwp-coin-popup-holder .cwp-coin-trend.negative { border: 1px solid #A90C0C; border-radius: 3px; } .cwp-coin-widget-container .cwp-coin-trend.negative { color: #A90C0C !important; background-color: transparent !important; } .cwp-coin-widget-container .cwp-coin-trend.negative::before { border-top: 4px solid #A90C0C !important; } Bitcoin BTC $110,927.03 1.80% Bitcoin BTC Price $110,927.03 1.80% /24h Volume in 24h $60.34B Price 7d Even with controversy surrounding its tokenomics and transparency, COAI’s rebound shows traders are still hunting for the next crypto to explode — and for now, the AI sector remains the only bright spot amid the ongoing crypto crash. EXPLORE: Binance $400M Compensation Fund Launched After Flash Crash – New Crypto to Buy To Make It Back? 46 minutes ago According to Financial Times: Trump Family Earns Over $1B in Crypto Ventures, Memecoin Boom, DeFi and Stablecoin Plays By Fatima A Financial Times investigation reveals U.S. President Donald Trump and his family raked in more than $1 billion in pre-tax profits over the past year from crypto-related ventures spanning trading cards, meme coins, DeFi, tokens, and stablecoins. Their crypto empire included the TRUMP and MELANIA coins, which together generated about $427 million in sales and transaction fees. In parallel, the World Liberty Financial (WLFI) token sales brought in around $550 million. Their USD1 stablecoin also recorded a massive $2.71 billion in sales during this period. The post [LIVE] Crypto News Today, October 16 – Crypto Crash Continues as Bitcoin Stuck Below $112K, XRP Price at $2.42; Coinbase Lists BNB: What’s the Next Crypto To Explode? appeared first on 99Bitcoins.

Quantum computing could break Bitcoin’s encryption and send the digital asset to zero far sooner than many people believe, according to Capriole Investments founder Charles Edwards. Speaking at TOKEN2049 earlier this month, Edwards shocked crypto enthusiasts by stating that he believes Bitcoin is under a huge threat from quantum computing, and that developers have a limited amount of time to address quantum concerns. Bitcoin .cwp-coin-chart svg path { stroke-width: 0.65 !important; } .cwp-coin-widget-container .cwp-graph-container.positive svg path:nth-of-type(2) { stroke: #008868 !important; } .cwp-coin-widget-container .cwp-coin-trend.positive { color: #008868 !important; background-color: transparent !important; } .cwp-coin-widget-container .cwp-coin-popup-holder .cwp-coin-trend.positive { border: 1px solid #008868; border-radius: 3px; } .cwp-coin-widget-container .cwp-coin-trend.positive::before { border-bottom: 4px solid #008868 !important; } .cwp-coin-widget-container .cwp-coin-price-holder .cwp-coin-trend-holder .cwp-trend { background-color: transparent !important; } .cwp-coin-widget-container .cwp-graph-container.negative svg path:nth-of-type(2) { stroke: #A90C0C !important; } .cwp-coin-widget-container .cwp-coin-popup-holder .cwp-coin-trend.negative { border: 1px solid #A90C0C; border-radius: 3px; } .cwp-coin-widget-container .cwp-coin-trend.negative { color: #A90C0C !important; background-color: transparent !important; } .cwp-coin-widget-container .cwp-coin-trend.negative::before { border-top: 4px solid #A90C0C !important; } Bitcoin BTC $110,927.03 1.80% Bitcoin BTC Price $110,927.03 1.80% /24h Volume in 24h $60.34B Price 7d QRL crypto is a token specifically designed to be secure against attacks from powerful quantum computers. It utilizes post-quantum cryptography, particularly the XMSS (eXtended Merkle Signature Scheme) algorithm, which is resistant to potential quantum computing threats. If the Bitcoin community fails to take necessary steps to protect the leading digital asset from the threat of quantum computing, the likes of QRL could become the face of crypto. With the potential for billions of dollars worth of BTC to be drained from wallets once quantum computing technology is fully operational, QRL crypto is taking steps now to secure itself against the same threat, which could make it one of the best investment choices right now. (SOURCE: MarketCapOf.com) Investors seem to agree as QRL is up +180% in the past month, barely flinching at the flash crash that wiped out nearly $20Bn from the market less than a week ago. It is currently trading for around $2.1, with a market cap of just $170M and all tokens in circulation. If QRL were to flip BTC due to its quantum computing-resistant technology, it would offer a 13,339x gain to overtake Bitcoin at its current market cap valuation of $2.2T. While this seems like a wild fantasy right now, quantum computing is coming quicker than many are anticipating, and if measures are not taken to secure Bitcoin soon, it could spell disaster for the leading digital asset and anyone not named Quantum Resistant Ledger (QRL) EXPLORE: Best Meme Coin ICOs to Invest in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates The post Experts Make Shocking Claim That Quantum Computing Can Destroy Bitcoin in 2 Years appeared first on 99Bitcoins.

Yesterday, US stock indices closed mixed. The S&P 500 rose by 0.40%, and the Nasdaq 100 gained 0.46%. The industrial Dow Jones edged down by 0.04%. Asian indices advanced as investors shifted their attention back to technology sector plays following a week largely dominated by the threat of a US-China trade war. The MSCI regional index climbed by 1.1%, supported by solid gains in South Korea, Japan, and Australia. This was partly driven by renewed interest in tech stocks after Dutch chipmaker ASML Holding NV reported earnings on Wednesday. The report added optimism that the artificial intelligence boom can still have a lasting impact on corporate profitability. Gold prices soared to $4,242 per ounce, up more than 60% year-to-date, as trade tensions and expectations of further US Federal Reserve rate cuts drew buyers back to the safe-haven metal. The US dollar index declined for the third consecutive day, while US Treasury performance was mixed after the two-year yield dropped to its lowest level of the year on Wednesday. The strong rally in Asian stocks signaled that investors remain optimistic about the region, despite renewed trade tensions between China and the United States. Asian equities have been one of the standout performers in global markets this year: the MSCI regional index has outpaced US benchmarks, gaining 23%. Investors have grown so accustomed to political ups and downs that they now understand: unless such events materially affect corporate earnings—the true drivers of the markets—they are unlikely to significantly impact forward profits. The key factor here is the ability of companies to adapt to changing political conditions. Firms with operational flexibility and diversified business models are better shielded from the negative impact of political developments. They can redirect operations, identify new markets, and adjust strategies to new realities. During Asian trading, technology stocks emerged among the top performers: shares of China's ZTE Corp. surged by 10% in Hong Kong, rebounding after a sell-off earlier this week. Shares of South Korean chipmaker SK Hynix Inc. jumped by 6.9%, helping lift the Kospi index by 2.1%. Since the start of the week, US markets have seen a noticeable drop in activity following statements from President Donald Trump that the US is in a state of trade war with China, and Treasury Secretary Scott Bessent's proposal for a more prolonged truce. Yesterday, Bessent hinted at the possibility of extending the suspension of import tariffs on Chinese goods for more than three months if China agrees to abandon its plan to tighten export controls on rare earth elements. As for the technical picture of the S&P 500, the main task for buyers today will be to break through the nearest resistance level of $6,697. This would support further upside and open the way for a move to the next level at $6,711. No less of a priority for bulls will be maintaining control over $6,727, which would further strengthen buyer positioning. In the event of a decline amid weakening risk appetite, buyers must assert themselves in the $6,682 area. A break below this level would quickly push the instrument back to $6,672 and open the way to $6,660. The material has been provided by InstaForex Company - www.instaforex.com

Upbeat corporate earnings from U.S. banks and Washington's attempts to de-escalate the trade conflict with China allowed the S&P 500 to extend its rally. The broad market index has recovered most of the losses suffered during the sell-off triggered by the White House's announcement of 100% tariffs on Chinese goods. The current pullback looks more like a rational recalibration than a reversal. The six largest U.S. banks earned $41 billion in profit in the third quarter, 19% more than during the same period in 2024. Shares of Morgan Stanley and Bank of America jumped by 4.4% and 4.7%, respectively. A positive signal for the S&P 500 came from banking executives' statements about a still-healthy economy, noting that American consumers continue to spend despite the uncertainty associated with White House policy. S&P 500 Dynamics and VIX Volatility Curve Uncertainty is certainly high. Investors had assumed trade conflicts were behind them. However, another outburst from Donald Trump brought a threat to increase tariffs on China by 100% starting in November. This has led to an inversion of the VIX curve. Rising demand for short-term derivatives could indicate that heightened volatility will persist in the near future. At the same time, the fact that the S&P 500 remains close to its record highs is evidence that the escalation of the U.S.–China trade conflict is not yet signaling alarm. It suggests that most of the speculative excess has been flushed out of the market. The S&P 500 has shed its ballast and is now in a position to continue its rally—an outcome the White House continues to promote. According to Scott Bessent, if Beijing refrains from tightening export controls on rare-earth minerals, the United States may extend current low tariff levels for more than 90 days. November will mark the time to revisit previously imposed tariffs, and such rhetoric from the White House signals its willingness to follow a path of trade de-escalation. Another supportive factor for the S&P 500 is the appointment of Stephen Miran, who was named to the FOMC by the president and has retained his role within the U.S. administration. Miran stated that the Washington–Beijing trade war increases the risk of a cooling U.S. economy, which calls for immediate action by the Federal Reserve to cut the federal funds rate. In summary, strong earnings from U.S. banks, the White House's indications of de-escalating the trade conflict with China, and expectations for continued monetary expansion from the Fed are all bolstering the stock market. However, the volatility curve inversion amplifies the risks of near-term consolidation for the broad market index. Technically, the daily chart shows that S&P 500 bulls are attempting to restore the upward trend. However, the market remains in a dead zone—a cluster of moving averages and fair value. Buy positions will become relevant from 6725, but failure to hold above this level will raise the risk of consolidation and provide an opportunity to sell. The material has been provided by InstaForex Company - www.instaforex.com