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On Monday, the British pound attempted to slip further below the daily MACD line, but by the end of the day, a white candlestick had formed, rising 19 pips, and the price closed above that line. The Marlin oscillator is slowly approaching the boundary of the bullish territory, which suggests that the nearest target at 1.3525 may be reached by tomorrow. A breakout above this level will open the path toward the key resistance at 1.3631. On the four-hour chart, the price has consolidated above both indicator lines—the balance line and the MACD line. The Marlin oscillator's signal line has moved into positive territory. The trend is upward, and the 1.3525 target is now clearly in focus. The material has been provided by InstaForex Company - www.instaforex.com

On the weekly chart, the price has reversed from the upper boundary of the price channel. Multiple divergences have formed between the price and the Marlin oscillator. The Marlin signal line itself is moving within its own descending channel. On the daily chart, the price has turned downward precisely from the 138.2% Fibonacci retracement level. The next target is likely the 100.0% level, which corresponds to the peak of August 22. After that, a test of the MACD line at 1.6188 is possible. The Marlin oscillator is approaching the boundary of the bearish zone. If it manages to consolidate below this level (previous attempts have been unsuccessful), it could provide strong support to the price, helping to realize its bearish intent. On the 4-hour chart, the price reversed downward from the Fibonacci 123.6% level and the balance line resistance. At this point, the price has consolidated below these lines. Marlin has turned downward and is located in negative territory. The MACD line is also turning downward. The next target is 1.6228. There remains an unclosed Monday gap. However, in this pair, price gaps can take up to a year to close. The material has been provided by InstaForex Company - www.instaforex.com

Ethereum price started a steady increase above $4,650. ETH is now consolidating and might aim for more gains if it clears the $4,750 resistance. Ethereum remained stable above $4,500 and started a fresh upward move. The price is trading above $4,550 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $4,550 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up if it settles above $4,720 and $4,750. Ethereum Price Gains Over 10% Ethereum price remained supported above the $4,400 level and started a fresh increase, like Bitcoin. ETH price was able to climb above the $4,500 and $4,620 resistance levels. The price even spiked toward $4,750 and might continue to rise. A high is formed at $4,759 and the price is now correcting some gains. There was a move below the 23.6% Fib retracement level of the recent upward move from the $4,472 swing low to the $4,759 high. Ethereum price is now trading above $4,550 and the 100-hourly Simple Moving Average. Besides, there is a key bullish trend line forming with support at $4,550 on the hourly chart of ETH/USD. On the upside, the price could face resistance near the $4,720 level. The next key resistance is near the $4,750 level. The first major resistance is near the $4,780 level. A clear move above the $4,780 resistance might send the price toward the $4,840 resistance. An upside break above the $4,840 region might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $4,880 resistance zone or even $4,920 in the near term. Pullback In ETH? If Ethereum fails to clear the $4,750 resistance, it could start a fresh decline. Initial support on the downside is near the $4,615 level and the 50% Fib retracement level of the recent upward move from the $4,472 swing low to the $4,759 high. The first major support sits near the $4,550 zone and the trend line. A clear move below the $4,550 support might push the price toward the $4,500 support. Any more losses might send the price toward the $4,420 region in the near term. The next key support sits at $4,350. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $4,550 Major Resistance Level – $4,750

Ethereum has finally broken free from a multi-year-long consolidation phase, reigniting bullish sentiment across the crypto market. After spending over three years struggling to hold above the $4,000 level, ETH has now confirmed a decisive breakout, a move seen as the start of its next major rally. With momentum building and technical indicators aligning, analysts suggest that a run toward the $7,000 region could be closer than ever Ethereum Breaks Free After 1,146 Days Of Consolidation Mags, a popular crypto analyst on X, recently shared a bullish update, noting that ETH could be on track to reach the $7,331 mark. According to the analyst, this target aligns with the broader bullish trend that has been forming since Ethereum’s breakout above key resistance levels. After more than 1,146 days of consolidation from its bottom, Ethereum finally broke above the crucial $4,000 level, marking a significant technical milestone. During this cycle, ETH had made three prior attempts to break past this resistance, each ending in rejection. However, the fourth attempt in August succeeded, confirming the breakout and signaling the start of a new bullish phase. Following the breakout, ETH has been consolidating above the $4,000 zone, building momentum for what could be the next leg upward. The stability around this level indicates that buyers are actively defending support, keeping the broader structure intact and setting the stage for a potential continuation toward higher targets. Mags also pointed out that Ethereum experienced a brief fakeout, where the price dipped below $4,000 to reach $3,800 before staging a sharp V-shaped recovery. This rebound, driven by strong buying pressure, further strengthens the bullish outlook. With the current price action holding firm, the analyst believes Ethereum is primed for a move toward the 1.618 Fibonacci extension level at $7,331, which could define the next major wave in its ongoing rally. Ethereum Confirms Major Structural Retest: The “V-Bottom” Is Holding Strong Galaxy, a prominent crypto analyst, recently shared an update noting that the ETH chart has successfully retested the “V-bottom” structure along with the major triangle pattern that dates back to 2021. This signals that the asset may be entering a new growth phase after consolidating for an extended period within these key technical formations. While Galaxy acknowledged that the road ahead won’t be smooth, with potential dips, periods of choppy price action, and stretches of low volatility, the overall outlook remains highly optimistic. The analyst believes that Ethereum is gradually positioning itself for a major move upward, with the current structure suggesting that a five-digit ETH is becoming an increasingly realistic target in the future.

On Monday, the GBP/USD currency pair declined only slightly, in contrast to the EUR/USD pair. A new political crisis erupted in France, where the new Prime Minister resigned after holding the position for less than a month. The euro was likely under pressure from the market due to this event. However, the political crisis in France has nothing to do with the British pound. At the same time, the pound has plenty of its own problems. Remember, just over the past couple of months, the British currency has crashed twice on news surrounding issues with the 2026 budget. In short, government spending has outpaced revenue, making it impossible to draft a workable budget proposal. The country's main Treasury official, Rachel Reeves, even broke down in tears in Parliament under a barrage of harsh criticism. The pound has also fallen due to record-high government bond yields not seen in 27 years. Again, to simplify: the higher the yield, the more expensive borrowing becomes for the government, and the greater the strain on the national budget. Thus, the British pound is far from being every trader's and investor's dream asset, and the UK is certainly not the most trouble-free country in the world. However, we've been saying this since the beginning of 2025, when Donald Trump returned for a second term. In 2025, it's the dollar that's been collapsing, while other currencies have risen—not necessarily due to the strength of their own economies, but because of the dollar's weakness. Currently, the U.S. is facing more issues than the UK. This week, all eyes will be on a key event: a speech by Jerome Powell. But what exactly will the Federal Reserve chair have to say? This question is especially relevant in the current environment. Markets, in general, no longer know what to expect from Powell's appearances. And now, even Powell himself doesn't have much to talk about—because key labor and unemployment reports have not been published. Inflation data is likely to suffer the same fate. That means the Fed will have to make its next interest rate decision based essentially on thin air. In such a case, we might even assume that the Fed will make no decision at all and leave rates unchanged. On what basis would they pursue monetary easing? Granted, there's a 90% chance that the labor market continues to weaken, and September's rate cut likely wasn't enough to revive it. However, Powell and his colleagues have repeatedly emphasized that decisions will be based only on macroeconomic data. Therefore, Powell this week might answer the key question: Will the Fed even consider discussing another rate cut if the data is not published before October 29? For the record, the market is almost certain that rates will be cut again, both in October and in December. But those expectations are scarcely visible on charts of dollar movements. In theory, demand for both the pound and the dollar may be waning simultaneously. But if that's the case, who then is the beneficiary when the two world's major currencies are falling together? The average volatility of the GBP/USD pair over the past five trading days is 76 pips, which is considered "average" for this pair. On Tuesday, October 7, we therefore expect the pair to move within the range limited by the levels of 1.3403 and 1.3555. The higher linear regression channel is pointing upward, indicating a clear upward trend. The CCI indicator has entered oversold territory, once again signaling the potential resumption of the uptrend. Nearest Support Levels:S1 – 1.3428 S2 – 1.3367 S3 – 1.3306 Nearest Resistance Levels:R1 – 1.3489 R2 – 1.3550 R3 – 1.3611 Trading RecommendationsThe GBP/USD currency pair is undergoing a correction, but its long-term outlook remains unchanged. Donald Trump's policies are likely to continue putting pressure on the dollar, so we do not expect growth from the U.S. currency. Therefore, long positions targeting 1.3672 and 1.3733 remain much more relevant if the price is above the moving average. If the price is below the moving average, short positions become possible with technical targets at 1.3403 and 1.3367. From time to time, the U.S. currency shows signs of a correction, as it is doing now, but sustained strengthening requires concrete signs—such as the end of the trade war or other major positive developments. Explanation of Illustrations:Linear Regression Channels help determine the current trend. If both channels point in the same direction, the trend is strong.The Moving Average Line (settings: 20.0, smoothed) indicates the short-term trend and trading direction.Murray Levels mark target levels for price movements and corrections.Volatility Levels (red lines) represent the expected price range for the pair over the next 24 hours, based on current volatility indicators.The CCI Indicator enters the oversold region below -250 or the overbought region above +250, signaling a possible trend reversal.The material has been provided by InstaForex Company - www.instaforex.com

The EUR/USD currency pair traded lower throughout Monday, which is, at the very least, surprising. Let's remember that in 2025, the United States faces a multitude of challenges. Each passing week brings new developments that practically scream at the market to continue dumping the U.S. dollar. Of course, the dollar is not the currency of a developing country. It cannot and will not fall endlessly. However, one must agree that the fundamental and macroeconomic backdrop remains such that betting on dollar growth is simply unreasonable. Just last week, it became clear that nearly all published U.S. data surprised traders in a negative way. The key disappointment came in the ADP report, as NonFarm Payrolls were unavailable. The main takeaway for traders was that the U.S. labor market continues to slow. Admittedly, most market participants may have chosen to wait for the official NFP report, given that ADP is considered secondary. However, this doesn't justify the dollar's failure to drop last week. The ISM business activity indices also fell short of expectations. Although a slight increase was seen in the manufacturing sector, the index remains below the 50.0 "watershed" level. As for the services sector, it plunged by 2 points and is now teetering on the edge of contraction. As a reminder, the U.S. Bureau of Labor Statistics is currently not collecting or releasing data. Therefore, there will be no U.S. inflation report this week. On what basis will the Federal Reserve make its monetary policy decision at the end of the month? That remains entirely unclear. Given the current circumstances, the outcome of the decision is a mystery shrouded in darkness. The level of uncertainty is now growing not just due to Donald Trump's leadership, his trade wars, the White House's protectionist policies, and his continued attacks on the Fed (the list is endless), but also due to the absence of critical macroeconomic data. We believe that this uncertainty is precisely why the market is hesitant to act—participants don't know what to expect. And ironically, this very uncertainty should be the primary reason for selling off the U.S. dollar. What investor would want to invest in an economy where the current inflation level is unknown? Where the president provokes a second government shutdown, makes unilateral decisions, and is willing to fire half of the federal administration to pressure the opposition? In our view, this type of uncertainty should drive the dollar down into the abyss. Incidentally, a weaker dollar works in Trump's favor. On the other side, a strong euro is unfavorable for the ECB and the EU as a whole. It's entirely plausible that some form of currency intervention has begun on the part of the ECB to prevent further euro appreciation. Of course, currency interventions are informally prohibited, but the ECB is under no obligation to disclose its actions to Trump or anyone else. In short, something is clearly off in the currency market. As of October 7, the average volatility of the EUR/USD pair over the past five trading days is 62 pips, which is classified as "moderate." For Tuesday, we expect the pair to move between the levels of 1.1651 and 1.1775. The higher linear regression channel is pointing upward, indicating that the uptrend remains intact. Moreover, the CCI indicator has entered oversold territory, which may trigger a new wave of upward movement in the trend. Nearest Support Levels:S1 – 1.1658 S2 – 1.1597 S3 – 1.1536 Nearest Resistance Levels:R1 – 1.1719 R2 – 1.1780 R3 – 1.1841 Trading Recommendations:The EUR/USD pair continues to correct downward, but the overall uptrend remains visible across all higher timeframes. The U.S. dollar remains heavily influenced by Donald Trump's policies, and he shows no intention of "stopping at what's been achieved." The dollar had its burst of growth over the past month, but it now appears to be time for a sustained downturn. If the price remains below the moving average line, short positions may be justified with targets at 1.1658 and 1.1651, based solely on technical grounds. Long positions remain valid if the price is above the moving average line, with targets at 1.1841 and 1.1902 in line with the ongoing uptrend. Explanation of Illustrations:Linear Regression Channels help determine the current trend. If both channels point in the same direction, the trend is strong.The Moving Average Line (settings: 20.0, smoothed) indicates the short-term trend and trading direction.Murray Levels mark target levels for price movements and corrections.Volatility Levels (red lines) represent the expected price range for the pair over the next 24 hours, based on current volatility indicators.The CCI Indicator enters the oversold region below -250 or the overbought region above +250, signaling a possible trend reversal.The material has been provided by InstaForex Company - www.instaforex.com

GBP/USD 5-Minute Chart Analysis On Monday, the GBP/USD currency pair once again failed—possibly for the third or fourth time—to break through the 1.3420–1.3425 area. A rebound followed, suggesting that the British currency could rise, at least up to the Senkou Span B line, even in the absence of fundamental or macroeconomic support. In any case, no significant news is expected today from either the United States or the United Kingdom. Overall, the British pound continues to trade rather poorly. The pair still has enough reason to revive the upward trend of 2025, but traders remain hesitant to initiate buying activity. There were no significant events on Monday in either the U.S. or the U.K. From a technical perspective, the situation on the hourly timeframe is far from optimal. Last week, nearly every day brought news that pointed toward a weakening dollar. Yet overall price movement remained sideways rather than trending upward or downward. The market is currently in a state of stagnation, and the U.S. economy is experiencing a "shutdown." Traders may be avoiding bold moves until there's more clarity on how long the shutdown will last—but that explanation is somewhat unconvincing. On the 5-minute timeframe, only one trading signal was formed yesterday. For several hours, the price attempted to rebound from the 1.3420–1.3432 area and ultimately succeeded. For the rest of the day, the British pound rose steadily, and we believe this movement is likely to continue. COT Report COT reports for the British pound show that the sentiment of commercial traders has changed repeatedly over recent years. The red and blue lines, which reflect the net positions of commercial and non-commercial traders, often intersect and typically remain close to the zero mark. Currently, they are nearly at the same level again, which indicates an approximately equal number of long and short positions. The dollar continues to decline due to Donald Trump's policies, so at the moment, demand for the pound from market makers is not particularly crucial. The trade war may continue in one form or another for quite some time. Regardless, the Federal Reserve is expected to lower interest rates over the coming year, and demand for the dollar will likely decrease. According to the latest report for the British pound, the "Non-commercial" group opened 3,700 BUY contracts and closed 900 SELL contracts. Thus, the net position of non-commercial traders increased by 4,600 contracts over the week. In 2025, the pound rose significantly, but it's essential to understand that there is one underlying reason for this—Donald Trump's economic policies. Once that factor is neutralized, the dollar might begin to strengthen again, but when that will happen is anyone's guess. The rate of increase or decrease in the pound's net position doesn't really matter. The dollar's net position continues to decline—often at a faster pace. GBP/USD 1-Hour Chart Analysis On the hourly timeframe, the GBP/USD pair maintains a newly established upward trend. The trendline has been breached, giving traders the right to expect further growth in the pair. The dollar still lacks any global support for strengthening, so we anticipate a resumption of the 2025 upward trend in virtually any scenario. Last week, the pair bounced off the critical Senkou Span B line, which triggered a corrective pullback. It subsequently rebounded twice from the Kijun-sen line. For October 7, we identify the following key levels: 1.3125, 1.3212, 1.3369–1.3377, 1.3420, 1.3533–1.3548, 1.3584, 1.3681, 1.3763, 1.3833, and 1.3886. The Senkou Span B line (1.3524) and Kijun-sen line (1.3425) can also act as trading signals. Stop Loss orders should be moved to breakeven once the price moves 20 pips in the desired direction. The Ichimoku indicator lines may shift throughout the day, which must be taken into account when interpreting the signals. There are no scheduled high-impact events or reports on Tuesday in either the United Kingdom or the United States. Therefore, traders will have little news to react to—but we still anticipate continued growth in the British pound. Trading Recommendations Today, traders may continue to expect upward movement. The price has bounced from the Kijun-sen line of the Ichimoku indicator, suggesting that upward momentum may continue—at least up to the Senkou Span B line. Since no macroeconomic news is expected today, the pair is likely to remain in a sideways channel overall. Explanation of IllustrationsSupport and resistance levels – thick red lines where price movement may come to a halt. These are not sources of trading signals. Kijun-sen and Senkou Span B lines – Ichimoku indicator lines transferred from the 4-hour to the 1-hour timeframe. These are considered strong lines. Extreme levels – thin red lines from which the price previously bounced. They function as trading signal points. Yellow lines – trend lines, trend channels, and various other technical patterns. Indicator 1 on the COT charts shows the net position size for each category of traders. The material has been provided by InstaForex Company - www.instaforex.com

Analysis of EUR/USD on the 5-Minute Chart The EUR/USD currency pair experienced a sharp decline on Monday but rebounded almost as quickly. What do these two opposing movements tell us? First, the European currency most likely dropped due to the political crisis in France. Although we don't view this factor as significant—given France experiences political crises regularly—the market may have reacted to the news regardless. Second, the quick recovery of the euro appears to be a result of bargain buying. Traders saw an attractive exchange rate and quickly started purchasing. This tells us that no one in the market is seriously considering medium-term purchases of the U.S. dollar. From a technical standpoint, we continue to observe a market characterized by "pushing and treading water" within a limited price range. The price dropped toward recent local lows yesterday but failed to continue declining. Therefore, as before, we expect a new rise in the euro, particularly in the medium term. To confirm the completion of the downward trend, traders need to see a consolidation above the Senkou Span B line. There remain more than enough negative factors weighing on the dollar. Yesterday, the 5-minute timeframe yielded three trading signals. Around the Kijun-sen line, there were two sell signals. The first was very strong. The price then dropped to the 1.1666 level, around which it hesitated for quite some time. Eventually, it consolidated above this level, and a new level at 1.1657 was added. After a slightly inaccurate rebound from this level, the price returned to the critical line. As a result, traders had the opportunity to open two profitable trades yesterday. COT Report The latest COT report is dated September 23. The chart above clearly shows that the net position of non-commercial traders remained "bullish" for a long time. Bears were only able to gain the upper hand briefly at the end of 2024 and quickly lost it again. Since Trump assumed office as U.S. President for the second time, the dollar has continued to decline. While we can't say with certainty that the dollar's decline will continue, current global developments point toward that outcome. We still don't see any fundamental reasons to support the euro's growth. However, the dollar continues to face a sufficient number of factors that contribute to its weakness. The global downtrend remains intact, but at this point, does it matter how the price moved over the past 17 years? Once Trump ends his trade wars, the dollar may begin to recover. However, recent events indicate that the "war" will persist in some form. The potential loss of the Federal Reserve's independence is also a powerful negative factor for the U.S. currency. The layout of the red and blue lines on the indicator continues to indicate a bullish trend. During the latest reporting week, the number of long contracts held by the "Non-commercial" group decreased by 800, while the number of short contracts increased by 2,600. As a result, the net position declined by 3,400 contracts over the week. Analysis of EUR/USD on the 1-Hour Chart On the hourly timeframe, the EUR/USD pair continues to form a downward trend. However, this cannot be considered fully concluded since the price is moving sideways and hasn't breached the 1.1750–1.1760 zone or the Senkou Span B line. Still, there's no clear basis for expecting a strong dollar rally. The daily timeframe shows that the overall upward trend remains in place. For October 7, the following levels are important for trading: 1.1234, 1.1274, 1.1362, 1.1426, 1.1534, 1.1604–1.1615, 1.1657–1.1666, 1.1750–1.1760, 1.1846–1.1857, 1.1922, 1.1971–1.1988, as well as Senkou Span B (1.1782) and Kijun-sen (1.1715). Ichimoku indicator lines can shift throughout the day, and this must be taken into account when determining trading signals. Remember to place a Stop Loss at breakeven if the price moves 15 pips in the expected direction. This helps to avoid unnecessary losses if the signal turns out to be false. On Tuesday, European Central Bank President Christine Lagarde is set to speak again in the Eurozone, but we don't expect any significant developments. She has already commented on the latest inflation data, noting that the current inflation level is acceptable to the ECB. In contrast, the U.S. economic calendar is entirely empty. Trading Recommendations On Tuesday, the recovery of the European currency may resume. Traders still need to overcome the 1.1750–1.1760 zone and the Senkou Span B line to consider the downward trend conclusively over and begin anticipating a new upward trend. A break above the Kijun-sen line will also allow for the opening of long positions. Explanation of Illustrations Support and resistance levels – thick red lines where price movement may come to a halt. These are not sources of trading signals. Kijun-sen and Senkou Span B lines – Ichimoku indicator lines transferred from the 4-hour to the 1-hour timeframe. These are considered strong lines. Extreme levels – thin red lines from which the price previously bounced. They function as trading signal points. Yellow lines – trend lines, trend channels, and various other technical patterns. Indicator 1 on the COT charts shows the net position size for each category of traders. The material has been provided by InstaForex Company - www.instaforex.com

Bitcoin price started a strong increase and traded above $126,000. BTC is now consolidating gains and might aim for more gains in the short term. Bitcoin started a major increase above the $125,000 zone. The price is trading above $124,000 and the 100 hourly Simple moving average. There is a short-term bullish trend line forming with support at $124,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might continue to move up if it clears the $125,500 zone. Bitcoin Price Sets New ATH Bitcoin price managed to stay above the $122,000 zone and started a fresh increase. BTC settled above the $123,500 resistance zone to start the current move. The bulls were able to pump the price above the $125,000 and $125,500 levels. They even cleared the $126,000 level. A new high was formed at $126,198 before there was a minor pullback. The price traded below the 23.6% Fib retracement level of the recent wave from the $122,230 swing low to the $126,198 high. Bitcoin is now trading above $124,000 and the 100 hourly Simple moving average. Besides, there is a short-term bullish trend line forming with support at $124,200 on the hourly chart of the BTC/USD pair. Immediate resistance on the upside is near the $125,250 level. The first key resistance is near the $125,500 level. The next resistance could be $126,200. A close above the $126,200 resistance might send the price further higher. In the stated case, the price could rise and test the $126,500 resistance. Any more gains might send the price toward the $128,000 level. The next barrier for the bulls could be $130,000. Downside Correction In BTC? If Bitcoin fails to rise above the $125,500 resistance zone, it could start a fresh decline. Immediate support is near the $124,200 level and the trend line. The first major support is near the $123,250 level or the 76.4% Fib retracement level of the recent wave from the $122,230 swing low to the $126,198 high. The next support is now near the $122,500 zone. Any more losses might send the price toward the $121,200 support in the near term. The main support sits at $120,500, below which BTC might struggle to recover in the short term. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $124,200, followed by $123,250. Major Resistance Levels – $125,500 and $126,500.

As Bitcoin (BTC) hit a new all-time high (ATH) of $125,708 on Binance yesterday, BTC exchange inflows are starting to show signs of slowing down. As a result, crypto analysts are confident that the top cryptocurrency by market cap may be on the cusp of a healthy rally. Bitcoin Exchange Inflows Slump Amid New ATH According to a CryptoQuant Quicktake post by contributor ChainSpan, fresh on-chain data shows that the average amount of BTC inflows into exchanges such as Binance has decreased significantly. To recall, BTC sent to exchanges is usually seen as a warning sign, as it suggests that investors are attempting to sell their holdings at prevailing market prices. As a result, high inflows to exchanges typically create selling pressure on the underlying asset’s price. On the contrary, a decrease in exchange inflows indicates that BTC holders are opting to hold their assets in cold wallets. One of the cascading effects of lower exchange inflows is that it could lead to a “supply crunch” for BTC, which may lead to extraordinary price appreciation in a short duration. ChainSpan noted that as Bitcoin’s price surged from $108,000 to $125,000 over the past few weeks, the inflow average for the cryptocurrency has dropped from 0.55 to 0.48. This suggests that the current rally is being driven by organic market demand and holding behavior. Put simply, the increase in BTC’s price is not happening in tandem with a speculative selling wave, but rather on a foundation of reduced selling pressure. The analyst added: In the short term, this backdrop supports the upward trend. Yet, if large inflows into exchanges suddenly appear in the coming days, it could be a sign that major players are preparing to sell. In such a case, a short-term correction in the price may follow. The CryptoQuant analyst concluded by saying that although the current market conditions point toward low selling intent and strong demand for BTC, a sudden spike in exchange inflows could derail the digital asset’s momentum. As a result, investors should keep a close eye on the metric. Will BTC Surge Further In Q4? While BTC has already created a new ATH, some crypto analysts forecast that the digital asset may record more gains in the coming quarter. Crypto analyst Rekt Capital predicted that BTC could peak sometime in mid-November. Similarly, recent analysis by the team at The Bull Theory forecasts that BTC may surge as high as $143,000 in October. Historically, October has been one of the strongest months for BTC in terms of price appreciation. That said, BTC must first ensure it decisively breaks through the stiff resistance at $125,000 and defends the support level at $118,000. At press time, BTC trades at $125,189, up 1.9% in the past 24 hours.

Japan just made history and the Japan stock market is rocketing. Last week Sanae Takaichi was elected to be Japan’s new prime minister. setting her up to become the nation’s first female prime minister. She is very conservative. Japan’s immigration policy will end. Tokyo may cooperate with Trump on crypto Arigato. Known as a fiscal hawk with a taste for economic expansion, Takaichi’s policies are already boosting markets. So is she set to be a game-changer for crypto and the Japanese stock market or is she going to make a mess similar to what we saw UK PMs Liz Truss and Rishi Sunak do? Japan Stock Market: Who is “Japan’s Iron Lady” and What’s Her Fiscal Policy? Crypto Fear and Greed Chart All time 1y 1m 1w 24h Dubbed Japan’s Iron Lady, Sanae Takaichi built her career in the mold of Margaret Thatcher. Born in 1961, she studied business at Kobe University, trained at the Matsushita Institute, and spent time as a US Congressional Fellow before entering politics in 1993. Her ascent was steady, not flashy – unless you count her dope photo on a motorcycle in the 90s – and defined by calculated moves through Japan’s political machinery. With over three cabinet posts, including stints as Minister of Internal Affairs and Minister of Economic Security, she earned a reputation as a pragmatic reformer with a steel spine. “I will have everyone work like carriage horses. I will abandon the concept of work-life balance,” Takaichi said after being elected. Learn more rallied to an all-time high of $125,653, riding a wave of liquidity and macro uncertainty. Free money goes to risk on assets and crypto is gonna print. DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025 Will Takaichi Deliver the Crypto Tax Reform Japan’s Been Waiting For? U.S.-Japan Crypto Cooperation on the Table While Takaichi hasn’t spoken directly about cryptocurrency or Web3, her pro-growth policies could revive one of Japan’s longest-running policy debates: crypto taxation reform. The Financial Services Agency (FSA) recently proposed overhauling Japan’s crypto tax structure for 2026, including: Introducing separate 20% taxation on crypto gains (to match equities). Allowing loss carryforwards for up to three years. Clarifying corporate tax treatment for token issuers and startups. One of Takaichi’s first major foreign policy tests comes later this month, when President Donald Trump visits Tokyo. If Takaichi aligns even partially with Trump’s deregulatory stance on crypto, Japan could position itself as Asia’s regulatory counterweight to China’s digital yuan. The squeeze is on; this could be the return to 1980s Japan. Cue the City Pop! EXPLORE: Samsung Adds Coinbase to Wallet App, Giving Millions Easy Crypto Access Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways The clock is ticking on one of crypto’s longest legal dramas and the XRP price could be ready to rocket. The XRP price broke above $3.00 and didn’t flinch. At least not yet… The post Sanae Takaichi Becomes Japan’s First Female Prime Minister – What Her Fiscal Policies Could Mean for Crypto appeared first on 99Bitcoins.

Dogecoin (DOGE) is back in the spotlight after a sharp rebound from support, rallying roughly 15% to trade around $0.25–$0.26. The move coincides with heavy whale accumulation, over 30 million DOGE scooped up in 24 hours, and notable exchange outflows topping $25 million, signaling coins moving to cold storage. With price compressing just beneath a dense resistance cluster, traders are asking the big question: is a 20% breakout to over $0.30 next? Whales Accumulate as Exchange Balances Fall On-chain data paints a constructive backdrop. Large holders added more than 30 million DOGE as spot demand returned, while net outflows from exchanges suggest decreasing sell-side inventory. That tightening supply, coupled with rising participation from both short- and long-term holders (per HODL Waves), supports the idea that conviction is building beneath price. Meanwhile, the Spent Coins Age Band has dropped sharply, implying fewer dormant coins are being moved, even as price rises, often a hallmark of early uptrends. Key Levels to Watch $0.26 Trigger, $0.30–$0.34 Targets Technically, DOGE is coiling under a 0.618 Fibonacci retracement near $0.2626, a level analysts such as The Great Mattsby flag as the immediate “doorway” to momentum. The resistance band stretches through $0.26–$0.28, reinforced by the weekly Ichimoku cloud edge and the 50-week MA, creating a high-confluence ceiling. A daily/weekly close above $0.2626–$0.275 would flip multiple trend filters and validate a push toward $0.30, with $0.32–$0.34 (20% higher) the next logical zone. Above there, historical Fibonacci checkpoints at $0.33–$0.35 and $0.41 come into play. On the downside, $0.24–$0.25 remains key first support (former breakout/retest area), followed by $0.23 and $0.22. Losing $0.24 would dent the near-term structure and risk a deeper pullback into the mid-$0.20s. On-Chain and Technicals Hint at 20% Breakout Price recently broke a descending channel, then cleanly retested the upper boundary as support classic reversal behavior. Momentum gauges back the move, as the +DI sits above –DI with a rising ADX, the MACD has flipped positive, and DOGE continues to ride an ascending channel that’s guided higher lows since summer. Some analysts also note a rising megaphone on higher time frames, where a sustained close above the upper rail could accelerate toward $0.70 later this cycle. With whales buying, exchange supply thinning, and price compressing under a high-confluence ceiling, DOGE has the ingredients for a 20% breakout, provided it can secure a decisive close above $0.2626–$0.275. Until then, expect continued range-trading between $0.24–$0.28 as the market builds energy for the next move. Cover image from ChatGPT, DOGEUSD chart from Tradingview

The BNB price continues to defy broader market trends, reaching an impressive new peak of $1,240 to kick off the week and solidifying its status as one of the top performers in the cryptocurrency industry. BNB Chain Partners With Chainlink Over the past 30 days, the BNB price has recorded an impressive 41% gain, driven in part by a recent collaboration between BNB Chain and Chainlink (LINK), dubbed as one of the market’s leading oracle providers. This partnership was publicly announced on Monday on social media platform X (formerly Twitter), where Chainlink revealed that BNB Chain had adopted its data standard to make official US Department of Commerce data available on-chain. The data sourced from the Bureau of Economic Analysis will enable Chainlink Price Feeds to deliver critical macroeconomic indicators directly to BNB Chain. These indicators include key metrics like Gross Domestic Product (GDP), the Personal Consumption Expenditures (PCE) Price Index, and Real Final Sales to Private Domestic Purchasers. Chainlink asserts that the availability of such data opens up a series of new possibilities for developers, allowing for the creation of new types of digital assets, prediction markets that leverage transparent economic inputs, and perpetual futures markets grounded in official government statistics. Furthermore, decentralized finance (DeFi) protocols can improve their risk management strategies by aligning them with real-world economic conditions. BNB Price Target Raised To $1,500 Market expert Crypto King has been vocal about the BNB price trajectory, asserting that the token is demonstrating a clear trend of upward momentum. He identified three significant breakout phases: one in July that sparked a strong rally, a second in September, and the current breakout, which he believes is building toward new highs. Crypto King has set an ambitious target of $1,500 for Binance Coin, suggesting that this structural climb is anything but random. However, not all market analysts share the same optimism. Another expert, known as Crypto Claws on X, has issued a cautionary note, warning that if the current momentum fizzles, a correction toward the $700 range by December could be on the horizon. This scenario would imply a potential 43% decline for the BNB price, raising concerns about the token’s technical structure and the likelihood of a necessary pullback before the next significant bullish leg. In addition to the BNB price performance, other cryptocurrencies are also following the token’s lead. Bitcoin (BTC) has surged past the $125,000 mark, achieving a new record, while Ethereum (ETH) is just 5% shy of breaking its previous high. Meanwhile, Chainlink’s native token, LINK, remains well below its all-time high of $52.70, currently trading just under $23—a gap of nearly 57% that suggests room for growth. Featured image from DALL-E, chart from TradingView.com

Morgan Stanley has updated its investment guidance and is now suggesting that some clients allocate a small slice of their portfolios to Bitcoin. If taken seriously, that shift could send as much as $40 to $80 billion into the crypto market. The bank is now referring to Bitcoin as a “scarce asset similar to digital gold” and is recommending allocations between 2 and 4 percent, depending on how much risk a client is willing to take on. What the Guidance Recommends The new guidance comes from Morgan Stanley’s Global Investment Committee. It breaks things down based on the type of portfolio. For example, portfolios focused on “Opportunistic Growth” may go up to 4 percent in Bitcoin or similar digital assets. Those with a “Balanced Growth” approach might go as high as 2 percent. Meanwhile, portfolios centered around income or wealth preservation are being told to skip crypto entirely. While the bank still acknowledges that Bitcoin can be volatile during times of macro stress, it also notes that its overall volatility has been declining over time. Why It Has the Potential to Move Markets This change matters because of the sheer size of Morgan Stanley’s client base. The bank advises around 16,000 financial advisors who collectively manage close to $2 trillion in assets. Even if only a portion of those clients follow the new guidance, it could easily result in tens of billions flowing into Bitcoin. That’s where the $40 to $80 billion estimate comes from, based on what a 2 to 4 percent allocation from that total pool could look like. The bigger story here is the shift in tone. Just a few years ago, crypto access was limited mostly to high-net-worth clients or those with a special interest. Now it is being folded into standard portfolio advice. DISCOVER: Best New Cryptocurrencies to Invest in 2025 Signals of Mainstream Institutional Shift This puts Morgan Stanley in line with other major players who are starting to open up more to digital assets. BlackRock, for example, has already said that a small Bitcoin allocation can make sense in a long-term portfolio. Market Cap 24h 7d 30d 1y All Time Many in the industry see Morgan Stanley’s move as a sign that crypto is no longer stuck on the sidelines. It is becoming a real option for a much wider range of investors. DISCOVER: 20+ Next Crypto to Explode in 2025 Risks and Caveats Of course, the bank is not ignoring the risks. The guidance points out that Bitcoin can act unpredictably when the broader market is under pressure. Correlation patterns can also shift, making it harder to forecast behavior. Morgan Stanley also advises clients to use regulated ETFs or structured financial products rather than hold crypto directly, mostly to simplify operations and reduce risk. It also makes clear that crypto exposure is not for everyone. Risk tolerance, liquidity needs, and personal financial goals still play a huge role in whether this guidance fits a specific client. What to Watch Next The big question now is how many advisors and clients will actually take this advice. The final impact on Bitcoin will depend entirely on how much capital ends up flowing in. It will also be worth watching whether the bank starts offering similar guidance for other digital assets. On the market side, the key is whether Bitcoin can handle large-scale inflows without major price swings. If Morgan Stanley’s clients begin to act in unison, we could be looking at one of the biggest waves of institutional adoption in Bitcoin’s history. This may only be a small percentage on paper, but when that small percentage is applied to trillions of dollars, the effects can be massive. DISCOVER: 20+ Next Crypto to Explode in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways Morgan Stanley now recommends a 2–4% Bitcoin allocation for certain clients, calling it a “scarce asset similar to digital gold.” The guidance varies by portfolio type, with growth-focused clients advised to consider higher exposure, and conservative ones told to avoid it. If widely followed, the recommendation could move $40 to $80 billion into Bitcoin from Morgan Stanley’s $2 trillion in managed assets. This puts Morgan Stanley in line with other major institutions, signaling that crypto is becoming part of mainstream portfolio strategy. Clients are urged to use regulated products like ETFs for exposure, and the bank warns that crypto still carries volatility and risk. The post Morgan Stanley Bitcoin Guidance Could Channel $80B Into Crypto appeared first on 99Bitcoins.

Strategy Hits Pause on Bitcoin Buys While Cash Still Goes Out Last week, Strategy drew attention not for scooping up more Bitcoin, but for stepping back and taking a breather. Despite that pause, the company still pushed ahead with $140 million in dividend payments. That’s unusual, given how consistent its buying streak has been over time. The decision seems to be part of a deliberate and well-timed approach to managing its large Bitcoin treasury. No New Bitcoin Added Since Late July This marks the first time since the end of July that Strategy decided not to add to its Bitcoin holdings. Internally, the company framed it as a temporary pause rather than any shift in direction. Meanwhile, dividend payouts continued without interruption. Source: Shutterstock At the time the pause took place, the firm’s Bitcoin stash was worth about 80 billion dollars and totaled around 640,000 BTC, showing the scale it’s operating at. Dividend Clock Keeps Ticking Even though there were no new purchases, Strategy kept its dividend commitments. That $140 million payout reflects how it continues to deliver returns to shareholders. In the background, some preferred share classes like STRC and STRD did not receive direct payments but instead began accruing interest. In just one quarter, that added up to around 22.4 million dollars for STRC and 37.6 million dollars for STRD. The dividend engine kept running, even if the buying engine paused. DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025 Pauses Have Happened Before This isn’t the first time Strategy has taken a break from accumulating Bitcoin. Past pauses occurred near the ends of the first and second quarters, which makes this latest move feel more like a recurring pattern than a surprise. Market Cap 24h 7d 30d 1y All Time Some analysts believe these gaps give the company space to evaluate market conditions or prepare for larger moves. This most recent pause also came as Bitcoin edged closer to its recent highs, which might have influenced the timing. Stock Still Moves Up Investors didn’t panic. In fact, the market responded with a 2.8 percent bump in Strategy’s share price, bringing it to around 361 dollars. For the year, the stock is up about 25 percent. That’s despite the usual ups and downs that come with Bitcoin exposure. One reason for the calm may be the company’s transparency and strong numbers. It reported a gain of 3.9 billion dollars in the fair value of its Bitcoin holdings for the third quarter, which helped settle any nerves. DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in October2025 A Tactical Approach, Not Just Hoarding The decision to pause and still pay dividends shows that Strategy is balancing growth with returns. It is not blindly buying at all times. Instead, it seems to be managing cycles thoughtfully. The repeat pattern of pausing around quarter ends supports the idea that this is part of a larger plan. Watching for When the Buying Resumes The big question now is when the buying will start again. Will Strategy jump back in soon or stretch this pause a bit longer? Market reactions to any restart will be worth watching. Also worth noting is how the preferred shares evolve during this time, since their dividend accruals give some insight into how Strategy handles its cash. If accumulation resumes in the coming weeks, it may reinforce that the long-term Bitcoin strategy remains unchanged. DISCOVER: 20+ Next Crypto to Explode in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways Strategy paused Bitcoin purchases for the first time since late July, marking a tactical break rather than a shift in direction. Despite the pause, the company pushed ahead with $140 million in dividend payments, keeping its shareholder commitments intact. Past pauses have happened near quarter ends, suggesting this move is part of a recurring pattern tied to broader strategic planning. Investor confidence stayed strong, with shares rising 2.8 percent and Bitcoin holdings showing a $3.9 billion fair value gain in the third quarter. The company’s approach reflects a balance between accumulating Bitcoin and rewarding shareholders, pointing to a deliberate, cycle-based strategy. The post Strategy Stops Buying Bitcoin but Pays $140 Million in Dividends appeared first on 99Bitcoins.

President Donald Trump on Monday directed United States agencies to reissue permits for the 340 km Ambler industrial road in northwest Alaska and announced a $35.6 million federal investment linked to mining exploration. The executive order, which overturns a 2024 federal rejection and will help fund exploration in the Ambler Mining District, “is in the public interest and will unlock Alaska’s mineral potential by securing domestic supplies of critical minerals,” the White House said in a statement. At an Oval Office ceremony, Interior Secretary Doug Burgum said construction could begin as soon as the second quarter next year. The Bureau of Land Management, National Park Service and US Army Corps of Engineers are to reissue authorizations after years of litigation that stalled the project, the White House said. Building the road will allow miners to tap copper, cobalt, gallium and germanium deposits in one of the largest undeveloped copper-zinc belts in the world. Trilogy Metals (TSX, NYSE-A: TMQ) and joint-venture partner South32 (ASX, LSE, JSE: S32) said they signed a binding letter of intent for funding with the US Department of War – with half of the money being used to buy new Trilogy units and the other half to acquire South32 stock. The deal is to leave the US with about 10% ownership of Vancouver-based Trilogy. It includes low-priced 10-year warrants or options that become exercisable only after the road is built and give the government the right to nominate one independent Trilogy director for three years. Closing of the transaction is subject to routine approvals and two conditions: reauthorization of the Defense Production Act and completion of a federal Foreign Ownership, Control or Influence review. The letter of intent will terminate if those conditions aren’t met by March 31. The parties will also negotiate a framework on permitting, financing and construction of the state-sponsored road, with federal help to facilitate road financing and an intent to use the FAST-41 process to expedite any future mine permits at the Upper Kobuk Mineral Projects (UKMP). The Alaska Industrial Development and Export Authority holds the road project. Stalled project Federal approvals for Ambler were reversed in 2024 and then mired in court, effectively freezing state and federal permits. Today’s order instructs agencies to reissue them, asserting no “economically feasible and prudent” alternative and underlining securing critical-minerals supply. The Ambler Road is to open up Trilogy and South32’s UKMP, which is anchored by the Arctic copper-zinc project. Arctic holds a probable reserve base of 46.7 million tonnes grading 2.11% copper, 2.9% zinc, 0.56% lead, 0.42 gram gold per tonne and 31.8 grams silver and underpins a 2023 feasibility study. It has a projected 13-year mine life. The nearby Bornite copper-cobalt system holds 208.9 million tonnes inferred at 1.42% copper for 6.5 million lb. of the red metal, among other exploration targets. Opposition The environmental advocacy group Sierra Club called the move a blow to subsistence communities and wildlife on Monday. The proposed route is to cross Gates of the Arctic National Park and, opponents say, would bisect the Western Arctic Caribou Herd’s migration corridor, causing irreversible damage. Eighty-nine Tribes and First Nations have passed resolutions opposing the project and communities along the corridor largely oppose the road, the group said. “Communities along the proposed route of the road have consistently made their voices clear in opposing this damaging project,” Sierra Club’s lands protection director, Athan Manuel, said in a statement. “This order ignores those voices in favour of corporate polluters.”

BNB .cwp-coin-chart svg path { stroke-width: 0.65 !important; } BNB BNB $1,222.14 4.52% BNB BNB Price $1,222.14 4.52% /24h Volume in 24h $4.38B Price 7d Some people like Ash are noticing. And it begs the question: Is BNB a good buy now? How much further can price rally? Before continuing, please catch up with last month’s article here. DISCOVER: Best Meme Coin ICOs to Invest in 2025 BNB Hits New ATH At $1238: What Comes Next? (BNBUSD) Continuing from last month, we will look at the Daily chart first. I will erase the scribbles after this article since they are not relevant anymore. But it is worth keeping them to be able to go back and review previous analysis. How accurate was it, or how far off? Option one, with the yellow, is what we see came true with BNB. The green line at $840 never got retested. The trend is up, as price is above all three MAs, and the order is from smallest to largest: 50, 100, and 200. DISCOVER: Top Solana Meme Coins to Buy in 2025 (BNBUSD) The 4H chart gives really good information on price action over the two weeks since my last article covering BNB price. Here we can see clearly the retrace to the $910-$945 orderblock, then reclaiming the Moving Averages and continuing for the next ATH. Even though the bearish Evening Star pattern was formed, the pull-back was rather shallow and brief. Making shorts a risky play. It is good to focus on looking for long entries when the market is trending up. DISCOVER: Top 20 Crypto to Buy in 2025 Low Timeframe And Next Moves (BNBUSD) The last chart for today will be on the 1H timeframe. Perfect to see the break above last ATH of $1083, retest and continuation. As we can see here, sometimes price does not stick around long at the retest area. Though it is good to mark it as a now support level. So, is it late to enter a long position now? Traders would rather wait for a retrace than enter right around ATH. Until price cools down, it might be good to look at other coins for favourable set-ups. As for BNB price, the next Fib levels sit at $1455 and $1640, respectively. Stay safe out there! DISCOVER: Next 1000X Crypto – Here’s 10+ Crypto Tokens That Can Hit 1000x This Year Join The 99Bitcoins News Discord Here For The Latest Market Update BNB Price Crushing The $1200 Level For a New ATH: What's Next? BNB price hits $1238 for new ATH. Next Fib levels are at $1455 and $1640. RSI on 1D and 1W is high, but could stay there Orderblock between $900-$940 got tested and held Price might cool down for a few days. Or not. The post BNB Price Crushing The $1200 Level For a New ATH: What’s Next? appeared first on 99Bitcoins.

Investors have piled into Solana-linked products and on-chain cash, pushing the network back into the spotlight. Based on reports, the total supply of stablecoins sitting on Solana recently climbed to about $15 billion, a new peak that traders say is adding fuel to activity on the chain. Stablecoin Liquidity Hits A Milestone The bulk of that supply is held in USDC, which accounts for roughly 75% of stablecoins on Solana, according to analytics cited by market commentators. That concentration has helped trading desks and decentralized apps move larger sums with less friction than on some rival chains. On top of the on-chain cash, US-listed ETFs tied to Solana and related products have recorded fast early takeup, giving institutions a simpler route into the token and staking rewards. The REX-Osprey SOL + Staking ETF, known by the ticker SSK, passed the $100 million AUM mark within days of launch, showing how appetite for regulated access to Solana can materialize quickly. ETFs Bring Fresh Flows And Visibility Reports show that REX-Osprey’s suite of crypto ETFs has now crossed half a billion dollars in combined assets under management, a sign that product innovation on Wall Street is translating into real capital flows into the sector. Market watchers say ETFs let big investors get exposure without interacting directly with wallets and custody solutions. Network Upgrades, Use Cases Part Of The Move Observers point to recent code upgrades and faster settlement as part of why more stablecoins are parked on Solana. Those changes aim to reduce delays and lower costs for traders who move USDC and other dollar-pegged tokens. Although technical gains in and of itself do not produce price movement, they can enhance a network’s attractiveness for high-frequency activity and for projects focused on tokenized assets that require transaction finality. Regulatory Framework Remains Relevant Regulation and approvals in the United States have influenced this impulse. Asset managers have filed for Solana ETFs and modified their necessary paperwork with the SEC while awaiting permits to list a product tied to the token. According to a recent reports, multiple firms have updated their submissions while the regulator is still reviewing. The broader political backdrop, including comments from US President Donald Trump and others, has kept attention on how policy could tilt institutional demand. Featured image from Unsplash, chart from TradingView

The growing confidence that the U.S. Federal Reserve will cut interest rates two more times this year has been the main driver behind the notable seven-week rally of the traditionally non-yielding yellow metal. Additional support stems from concerns that the prolonged U.S. government shutdown may negatively impact economic data, strengthening demand for safe-haven assets amid ongoing trade and geopolitical tensions. Sanae Takaichi's victory in Japan's ruling Liberal Democratic Party (LDP) leadership elections has raised the likelihood that the Bank of Japan will postpone its next interest rate hike. Although this triggered a sell-off in the Japanese yen and supported the U.S. dollar, it has had little effect on gold's strong bullish momentum. Even a generally risk-on sentiment in financial markets — which typically weighs on safe havens like gold — has not reversed the current positive impulse. This suggests sustained upward pressure in the XAU/USD pair and reinforces the likelihood that the current bullish trend will continue. According to CME's FedWatch Tool, the probability of a 25-basis-point Fed rate cut in October and December is 95% and 83%, respectively — further bolstering gold's rally. In addition, the White House is expected to initiate mass layoffs of federal employees if President Donald Trump deems negotiations with Democrats on ending the partial government shutdown unsuccessful. This adds another layer of uncertainty and reinforces gold's appeal as a defensive asset. Takaichi's win in the LDP's second-round vote also increases expectations that the BoJ will not commence rate hikes in October, offering further support for XAU/USD. Still, Japan's expected accommodative policy stance weighs on the yen, thereby strengthening the dollar — a factor which, together with overall market optimism, could potentially limit gold's upside in situations of overbought market conditions. Key U.S. macroeconomic data releases have been postponed due to the ongoing government shutdown. In this context, speeches by FOMC members could influence USD sentiment and support gold prices. From a technical standpoint, a move above the psychological $3,900 mark serves as renewed bullish confirmation, reinforcing the near-term optimistic forecast. However, the daily Relative Strength Index (RSI) remains well above the 70 level, indicating overbought conditions. This means that buyers should proceed with caution. Conversely, any corrective pullback can be viewed as a new buying opportunity. Support is expected to be found in the $3,900–$3,885 area. A firm break below this region could trigger technical selling, driving the precious metal down toward the next support around $3,850. The area between $3,850 and the round figure of $3,800 remains the key reversal zone to watch. The material has been provided by InstaForex Company - www.instaforex.com

Last week, Christine Lagarde spoke three times. This week, she is scheduled to speak three more times. It may seem that every appearance by the European Central Bank president should trigger a strong market reaction, but in reality, not every speech captures the market's attention. Only those in which her rhetoric regarding key economic indicators or monetary policy changes meaningfully from prior statements tend to matter. Last week, Lagarde made it clear that the current level of inflation in the Eurozone is acceptable to the ECB. This was a very important statement, allowing for a straightforward conclusion: the ECB does not intend to change its monetary policy parameters anytime soon. Lagarde noted that inflation remains stably near the target level, and minor fluctuations "around the mark" are natural and cannot be eliminated. The index will always be slightly above or below 2%, and it's not worth reacting to every such move. At the same time, Lagarde mentioned that upside risks to inflation persist. Geopolitical shifts, changes in global trade dynamics, and sharp jumps in energy prices could push inflation substantially above the target once again. However, she did not hint at how the ECB might respond in such a scenario or whether the institution is prepared to raise rates again if necessary. From my perspective, the Eurozone is one of the few global economies that have genuinely returned inflation to its target. For example, the United States and the United Kingdom cannot say the same. The ECB's monetary policy actions in recent years deserve full credit. If the ECB does not plan to resume monetary easing, I have more bad news for the U.S. dollar. The Federal Reserve will continue to cut interest rates, one way or another. Therefore, the rate spread between the ECB and the Fed, which had been widening for the last year and a half and helped support the dollar, will begin to narrow — an obvious disadvantage for the American currency. It seems that the market is merely accumulating reasons for the next wave of dollar sell-offs. These reasons have already filled the trunk; now it's only a matter of time before the market shifts from building a case to taking action. EUR/USD Wave Structure:Based on my analysis of the EUR/USD pair, it continues to form a bullish wave segment. The wave pattern remains entirely dependent on the news background related to decisions by Trump and the internal and external policies of the new U.S. administration. The target for the current wave can reach up to the 1.2500 level (the 25th figure). At present, a corrective wave 4 appears to be forming, which may already be complete. The overall bullish wave structure remains intact. Therefore, I am currently considering only buy positions. By year-end, I expect the euro to rise toward 1.2245, which corresponds to the 200.0% Fibonacci. GBP/USD Wave Structure:The wave structure for GBP/USD has undergone a change. We are still dealing with a bullish impulsive wave; however, its internal structure has become harder to read. If wave 4 develops into a complex three-wave structure, the overall pattern will normalize; however, wave 4 will then be significantly longer and more complicated than wave 2. In my opinion, the most reliable reference point currently is the 1.3341 level, which corresponds to the 127.2% Fibonacci. Two failed breakout attempts at this level have signaled the market's readiness for new buying activity. The pair's targets remain above the 1.3800 level (38th figure). My Key Analysis Principles:Wave structures should be simple and clear. Complex patterns are difficult to trade and often fail to unfold as expected.If you're not confident about the market's direction, it's better to stay out.There is never 100% certainty in forecasting. Always use stop-loss orders.Wave analysis can be combined with other types of analysis and trading strategies.The material has been provided by InstaForex Company - www.instaforex.com

On Monday, USD/JPY unexpectedly breached the 150 range, shocking traders with a 200-pip upward gap. The pair continues to show bullish momentum, ascending into new price territories. The last time the pair reached the 150.50 level was in early August, when traders were reacting to the outcome of the Bank of Japan's July meeting. Back then, the meeting results disappointed yen bulls: the central bank remained overly cautious and failed to signal a clear timeline for the next interest rate hike. As a result, the yen weakened, and USD/JPY hit multi-month highs, peaking at 150.92. The rally is also indirectly linked to the BOJ's anticipated inaction. However, the catalyst behind the jump was the news that Sanae Takaichi had become the new leader of Japan's ruling Liberal Democratic Party. Her victory triggered a broad sell-off in the yen. Interestingly, this outcome was expected to happen a year ago. In the 2024 party primaries held at the end of September, Takaichi was the front-runner, but surprisingly lost to Shigeru Ishiba, who was widely expected to finish third. Ishiba made a bold move by dissolving the lower house of parliament, seeking greater political leverage through new elections. That miscalculation was fatal — the LDP lost its majority in the lower house for the first time since returning to power in 2012. When the upper house elections were held in July this year, the ruling coalition also lost its majority there. Such devastating political results led to Ishiba's resignation — both as LDP leader and prime minister (officially "to prevent division within the party"). Despite the prime minister's resignation, power remained within the LDP, which chose its new leader over the weekend. As noted, Sanae Takaichi emerged as the winner. First, Takaichi's win was not guaranteed. In the second round, she received 185 votes, compared to her opponent's 156. Second, Takaichi is well known for her firm opposition to tightening monetary policy. In her view, the BoJ raising rates would undermine Japan's fragile economic recovery. She is also seen as a protege of former Prime Minister Shinzo Abe and a proponent of his economic policies, dubbed "Abenomics," which favored aggressive fiscal and monetary stimulus. Following her victory, the probability of a BOJ rate hike by the end of the year fell sharply — from 70% to just 35–40%. Those numbers speak volumes. Officially, the BoJ is an independent institution. However, it's no secret that Japan's prime minister can exert political influence over the central bank. That's why the victory of a clearly dovish candidate in the party primary sent USD/JPY rocketing into the 150 range. Still, this market reaction may have been overblown. After all, Takaichi has only won the internal party leadership for now — her official appointment requires parliamentary approval. Although it is usually a formality, the LDP no longer holds an outright majority in either house, which means Takaichi will need to rely on coalition partners or opposition support. A vote is expected mid-month. Until then, the "Takaichi factor" will remain in focus for USD/JPY traders — but it's unlikely to fuel continued strong growth, especially after a 200-pip gap up. The yen weakened for understandable reasons: the market sees a potential return to cheap money and larger government spending. But such politically driven spikes are often followed by corrections. Prior to the parliamentary vote, the "Takaichi factor" is likely to fade gradually, allowing USD/JPY sellers to attempt a partial gap close. Also worth noting — despite the impulsive price movement, buyers failed to break through interim resistance at 150.50 (upper line of the Bollinger Bands on the H4 chart) and even stronger resistance at 150.80 (upper boundary of the Kumo cloud, aligned with the upper Bollinger Band on the weekly chart). If buyers fail to breach 150.50 in the short term, the bullish momentum may fizzle out. In that case, short positions will once again become favorable, with targets at 150.00 and 148.50. The material has been provided by InstaForex Company - www.instaforex.com

One prime minister's resignation is already a big deal. But when four of them step down in quick succession, it can spark panic. That's precisely what is happening across French and European markets after Sebastien Lecornu announced that he does not intend to lead the French government. The reason is simple: an inability to reach a consensus with major political parties on the national budget. This unpleasant surprise from Paris knocked the EUR/USD pair off balance. Yield Spread Between German and French Bonds Soars The sell-off in French government bonds has pushed the yield spread between French and German securities — a key measure of political risk in Europe — to its highest since late 2024. Investors are now seriously concerned that replacing one incapable prime minister with another could eventually force Emmanuel Macron to resign as President of France. Such a development would be devastating for EUR/USD. At this point, President Macron faces the same options as before: appoint a new prime minister, call for snap parliamentary elections, or resign himself. Each scenario brings its own set of risks. Right- and left-wing parties smell weakness and now have even more reasons to reject any proposed budget, regardless of who holds the premiership. Meanwhile, the deadline to adopt a new fiscal plan is fast approaching, which increases the likelihood of emergency measures being implemented. It's not just bonds that are being dumped — French equities are suffering too. The CAC 40 has been one of the worst performers among major European indices in 2025, trailing behind the EuroStoxx 600, let alone the far more resilient U.S. S&P 500. This outperformance by U.S. markets has triggered capital outflows from Europe, dampening bullish momentum for EUR/USD and hindering the pair's ability to reclaim its upward trend. Political Uncertainty and a Weakened Euro Escalating political turmoil in France, skepticism surrounding Germany's fiscal stimulus under Friedrich Merz, Europe's poor performance in its trade conflict, and ongoing geopolitical instability tied to the war in Ukraine — all of these factors contribute to growing doubts that the euro can reach the 1.20 level in 2025, despite diverging monetary policies. Indeed, senior ECB officials, such as Chief Economist Philip Lane and Vice President Luis de Guindos, have made it clear that the central bank's easing cycle has come to an end. According to them, the risks to inflation — whether upward or downward — are now balanced. They assert with confidence that consumer price growth has anchored around the 2% target. Meanwhile, the Fed plans to continue cutting rates, which should weigh on the U.S. dollar overall. Technically, the daily EUR/USD chart shows a correction unfolding within a classic 1-2-3 reversal pattern. Short positions opened on the break below the consolidation zone near 1.171 should be held, as the pattern suggests continued downside for the pair. The material has been provided by InstaForex Company - www.instaforex.com

The outlook for Eurozone economic growth remains broadly optimistic, supported by rising real disposable incomes, low inflation, and high wages. These factors are expected to form a foundation for sustained consumer demand. Although PMI data has been mixed — with manufacturing slowing and services accelerating — consumer demand remains solid, and GDP growth, while modest, is stable. Inflation rose in September from 2.0% year-over-year to 2.2%. This increase was anticipated due to rising energy prices, while core inflation remained steady at 2.3%. At this stage, there are no reasons to expect a resurgence in inflation, which means the ECB is likely to stick to its policy outlook without the risk of needing to reassess. The ECB's policy forecast remains unchanged. In September, the ECB kept its interest rate unchanged at 2%. Staff projections were optimistic; notably, the inflation outlook for 2027 was revised down. ECB President Christine Lagarde struck a somewhat hawkish tone, linking lower inflation to a stronger euro. Still, the market remains convinced that further rate cuts are unlikely unless there is a sharp deterioration in economic conditions. The risk of inflation falling below target is minimal. On October 1, a notable event occurred: 28 of Europe's largest companies pledged to increase their investment in the region by 50% by 2030. While this commitment remains uncertain — especially as the trade agreement between the United States and Europe is designed to keep capital flowing into the U.S. — it nonetheless contributes to positive expectations for the European economy. Currently, markets assume that the U.S. dollar will remain weak. However, the narrative around Federal Reserve rate cuts cannot be sustained indefinitely. A single monthly inflation report showing an uptick could quickly change market sentiment. October marks the first month expected to reflect the impact of the new U.S. tariff policy. The chances of inflation not rising are minimal, and the market will inevitably recalibrate its expectations for Fed policy accordingly. With no new CFTC data available, there is a noticeable attempt by the estimated price to break below the long-term average. Last week, we suggested that the EUR/USD pair was unlikely to break its high at 1.1919 and that a downward correction might develop. So far, euro price action confirms that view, with the pair trading near the local low of 1.1646 on Monday morning. We anticipate a further attempt to break below this support with a move toward the next target at 1.1570/80. The material has been provided by InstaForex Company - www.instaforex.com

Swiss gambling watchdog tests FIFA’s blockchain ticket plan, putting a spotlight on where digital collectibles end and gambling begins. According to Swiss information, Switzerland’s gambling authority, Gespa, has initiated a preliminary investigation into FIFA’s blockchain-based “Right-to-Buy” ticket scheme for the 2026 World Cup, examining whether the product falls under Swiss gambling law. The tokens, sold on FIFA’s Collect marketplace, give holders a guaranteed window to buy match tickets once sales open. They can also be traded on a secondary market. Gespa said it is currently gathering information before deciding if further action is needed. DISCOVER: Top 20 Crypto to Buy in 2025 How Is FIFA Using Avalanche and Modex to Power Its New Blockchain Marketplace? FIFA’s Right-to-Buy (RTB) is described as a digital asset that grants permission to purchase tickets for specific matches or stages, but it does not include the ticket itself. Official listings show RTB drops tied to host cities and match phases, with some already sold out. The system operates on the new FIFA Blockchain, which was built in partnership with Modex and is based on Avalanche’s EVM-compatible network. In an emailed statement, Gespa director Manuel Richard said it “cannot be ruled out that the offering on collect.fifa.com may be relevant under gambling legislation,” adding that the regulator will conduct additional fact-finding. Under Swiss law, Gespa can order local internet providers to block access to non-compliant sites and alert prosecutors if violations are found. FIFA has not commented publicly on the matter, according to reports from Swiss media. The review marks one of the first tests of how tokenized sports products will be treated under gambling and consumer protection rules ahead of the next World Cup. Market activity around FIFA’s blockchain ticket scheme remains strong. Data from recent listings show Right-to-Buy (RTB) tokens priced from approximately $149 for early group-stage options to more than $7,000 for high-demand matches, such as the Azteca opener. An England “Right-to-Final” token, listed at $999, sold out quickly. DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025 Is There an Official FIFA Crypto Behind These Token Sales? Reports suggest that FIFA has already generated eight-figure revenue from RTB sales, even before general ticket sales have opened. The inquiry comes as fans question FIFA’s ticket pricing model. The Football Supporters’ Association called the costs “astonishing” after first-release final tickets started above $2,000. On the resale side, FIFA’s official marketplace charges fees to both buyers and sellers, while dynamic pricing has sent some listings to several times their face value. Technically, FIFA has shifted its Collect marketplace from earlier chains to its own Avalanche-based Layer 1 network, using USDC on the Avalanche C-Chain for transactions. Modex is listed as the technology provider on FIFA’s site. DISCOVER: 20+ Next Crypto to Explode in 2025 There is no FIFA cryptocurrency or tokenized payment system involved. RTBs act as utility collectibles digital passes that give holders the right to buy tickets later. Payments are made in regular currencies or USDC, making the tokens more of an access right than a form of money. Gespa’s preliminary review will decide if any enforcement action is needed. The outcome could shape how FIFA manages tokenized ticket rights for the upcoming North American World Cup and set a broader precedent for blockchain ticketing in global sports. DISCOVER: 10+ Next Crypto to 100X In 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates The post Is a FIFA Crypto Coming? Blockchain World Cup Tickets Probed appeared first on 99Bitcoins.

Log in to today's North American session Market wrap for October 6th The week opens on the typical 2025 trade: Metals, propelled by Gold (1.90%) and Palladium (4.50%!), Cryptocurrencies, and Tech rage higher. What is unusual is that the US Dollar also had a very decent session, which does not corroborate with the overall currency-debasing theme and the usual market correlation: It’s not the first time we've seen this in the past few weeks, and it could become an interesting trade. Energy commodities have actually also seen a decent session with most of the highly traded names up between 0.70% for Ethanol to 2.20% for Gasoline futures. So, which asset is giving up its share if it's not the US Dollar or commodities? In these scenarios, players must turn to other markets, particularly FX. The suspect is in one of the currency majors, particularly in the Land of the Rising Sun. The Yen had a rough opening this week, as the most recent LDP elections in Japan put Sanae Takaichi in the direction. This was a dovish surprise after hanging very close with Kuzoimi in election polls, a candidate who would have been more favorable for the Japanese currency. Takaichi is effectively very close to Abenomics policy, which aims to provide consistent stimulus and easy fiscal conditions to keep boosting the Nippon economy. This may add barriers to the change of direction the Bank of Japan was taking. (This piece on the Yen is a lovely read if you want to know more.) Read More:Gold (XAU/USD) set to challenge $4,000 as prices renew all-time highs in today’s session - Potential targets and price forecastUS tech runs higher to start the week, but other sectors diverge – US outlookBitcoin breaks above $125,000 as shutdown fears brings Crypto safe-haven demandCross-Assets Daily Performance Cross-Asset Daily Performance, October 6, 2025 – Source: TradingView We discussed the strong performance in metals today but we didn't give many details: Silver hit some new highs and came $1 close to its ATH ($49.81) at its session peak, while Gold casually broke the $3,900 level in a huge weekly open, marking daily highs at $3,970 and looking like the $4,000 is approaching very fast. In digital assets, cryptos really surprised higher with the strong flows coming into the market with attempts to diversify from the US-centric assets amid the ongoing government shutdown adding to the market uncertainty. EU Stocks were largely the losers of this session, and the same for bonds which have been struggling to find traction with the political uncertainty (same for European bonds). A picture of today's performance for major currencies Currency Performance, October 6 – Source: OANDA Labs Once again, Yen bulls couldn't hold the huge wave of dovish repricing as Takaichi won the elections and stands as the big outstander in FX majors. The weakness led to some huge reversals of the past two weeks of trading flows (largely invalidating one of the pieces published last week on Yen strength): Political risk is (almost) always the biggest risk for currencies and their attractiveness. Elsewhere, Antipodean strength continues to roar back with the Chinese stimulus starting what resembles a new trend but will also have to be confirmed. Watch the USD and particularly the CAD tomorrow as Canadian PM Mark Carney visits President Trump to discuss trade and other issues, a major event for Loonie traders. A look at Economic data releasing through tonight and tomorrow's sessions For all market-moving economic releases and events, see the MarketPulse Economic Calendar. This evening session's tone remains light with a few, non-market moving events. NZD traders should still pay attention to the Consumer Confidence surveys releasing in the evening (Particularly the NZIER releasing very soon.) In Tuesday's session, Europe opens with German Factory Orders (02:00 ET) and multiple ECB speeches from Nagel and Lagarde. The ECB president was still adamant on maintaining the current stance (pause) with inflation solid around 2%, a positive for the Euro overall, but priced into the market already. In North America, a busy Fed lineup dominates Tuesday: Bostic, Bowman, Kashkari, and Miran all speak through the session — investors will watch for any clues on rate path convergence after mixed US data last week. Later in Asia, Japan releases Labour Cash Earnings and Current Account, followed by BoJ Governor Ueda’s speech (21:45 ET) — his first remarks post-LDP leadership vote, expected to draw extra attention from JPY traders. Tomorrow's evening session will also be a big focus for NZD traders, attention shifts to the RBNZ, which takes centre stage late Tuesday (21:00 ET). A pause is fully expected, but markets are already pricing roughly 25–30 bps of cuts over the next two meetings, making the policy statement and tone crucial for NZD direction. Safe Trades! Follow Elior on Twitter/X for Additional Market News, interactions and Insights @EliorManier 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. 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