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Spot silver soared above $46.00, recently touching the $45 an ounce level in late September. The powerful and enduring rally in precious metals this year has lifted silver as much as 55% in 2025, outpacing the 43% gain in gold. The push to fresh highs in silver comes alongside news that the U.S. economy grew at a faster pace in the second quarter. The third estimate of Q2 U.S. GDP came in at 3.8%, which is higher than the previous estimate of 3.3%. Upward revisions to consumer spending contributed to the better number. This followed a negative reading in the first quarter of the year, which revealed that economic growth shrank by 0.6%. Other economic news also surprised on the upside, including a 2.9% jump in August durable goods orders. Following two months of declines, big orders for military and civilian aircraft lifted the report. Military aircraft and parts saw a 50% surge in orders in August, the Commerce Department said. Americans Still Struggle To Buy A Home On the home front, however, fresh data reveals that Americans who want to buy a home are still struggling. In August, home sales slipped in August by 0.2%, due in large part to high home prices and elevated mortgage rates. The median home price jumped to $422,600, which is a 2% increase from a year ago and the highest price ever recorded for the month of August. Mortgage rates fell slightly recently, but 30-year mortgage rates are still considered high, at around 6.26%. Precious Metals Stand Out As Best Performing Asset Class in 2025 Precious metals remain the favored asset for investors as economic news remains mixed. While some new data reveal growth, inflation remains higher than the Federal Reserve’s 2% target, and everyday Americans remain challenged by high interest rates. The precious metals markets stand out as the best performing asset class in 2025. Gold has set dozens of new record highs this year. A 10% decline in the U.S. dollar, active central bank gold buying, and ongoing geopolitical tensions and wars are supporting the upward trend in gold. Gold is on pace for its best performance in 46 years. It’s notable that gold is performing so well, even while stocks have climbed moderately this year—but the stock market is rising in part due to monetary debasement—the U.S. dollar is down 10% this year, the Fed cut rates recently, and the U.S. money supply is rising again. Silver is climbing with support from its dual demand stream. Silver is both a precious and widely used industrial metal. Investors have piled into silver amid a risk-off mood in the stock market and a desire to diversify into a metal that both protects against stock market volatility and also benefits from increased industrial and manufacturing uses. Investors On the Sidelines May Be Missing Out Analysts say the rally in precious metals has further to go. Near term, silver sees a target at $50 an ounce, and gold’s next objective is $4,000. As investors on the sidelines have experienced this year, it’s costly to underestimate the historic and powerful precious metals rally we are seeing now. Don’t wait to get involved. Consider increasing your allocation to the safety and growth that precious metals provide. There’s more upside ahead. The post Silver Near $45 for First Time in 14 Years Amid Strong Economic Data appeared first on Blanchard and Company.

Spot silver soared above $46.00, recently touching the $45 an ounce level in late September. The powerful and enduring rally in precious metals this year has lifted silver as much as 55% in 2025, outpacing the 43% gain in gold. The push to fresh highs in silver comes alongside news that the U.S. economy grew at a faster pace in the second quarter. The third estimate of Q2 U.S. GDP came in at 3.8%, which is higher than the previous estimate of 3.3%. Upward revisions to consumer spending contributed to the better number. This followed a negative reading in the first quarter of the year, which revealed that economic growth shrank by 0.6%. Other economic news also surprised on the upside, including a 2.9% jump in August durable goods orders. Following two months of declines, big orders for military and civilian aircraft lifted the report. Military aircraft and parts saw a 50% surge in orders in August, the Commerce Department said. Americans Still Struggle To Buy A Home On the home front, however, fresh data reveals that Americans who want to buy a home are still struggling. In August, home sales slipped in August by 0.2%, due in large part to high home prices and elevated mortgage rates. The median home price jumped to $422,600, which is a 2% increase from a year ago and the highest price ever recorded for the month of August. Mortgage rates fell slightly recently, but 30-year mortgage rates are still considered high, at around 6.26%. Precious Metals Stand Out As Best Performing Asset Class in 2025 Precious metals remain the favored asset for investors as economic news remains mixed. While some new data reveal growth, inflation remains higher than the Federal Reserve’s 2% target, and everyday Americans remain challenged by high interest rates. The precious metals markets stand out as the best performing asset class in 2025. Gold has set dozens of new record highs this year. A 10% decline in the U.S. dollar, active central bank gold buying, and ongoing geopolitical tensions and wars are supporting the upward trend in gold. Gold is on pace for its best performance in 46 years. It’s notable that gold is performing so well, even while stocks have climbed moderately this year—but the stock market is rising in part due to monetary debasement—the U.S. dollar is down 10% this year, the Fed cut rates recently, and the U.S. money supply is rising again. Silver is climbing with support from its dual demand stream. Silver is both a precious and widely used industrial metal. Investors have piled into silver amid a risk-off mood in the stock market and a desire to diversify into a metal that both protects against stock market volatility and also benefits from increased industrial and manufacturing uses. Investors On the Sidelines May Be Missing Out Analysts say the rally in precious metals has further to go. Near term, silver sees a target at $50 an ounce, and gold’s next objective is $4,000. As investors on the sidelines have experienced this year, it’s costly to underestimate the historic and powerful precious metals rally we are seeing now. Don’t wait to get involved. Consider increasing your allocation to the safety and growth that precious metals provide. There’s more upside ahead. The post Silver Near $45 for First Time in 14 Years Amid Strong Economic Data appeared first on Blanchard and Company.

On Tuesday, the EUR/USD pair continued a modest upward move toward the resistance zone at 1.1789–1.1819. A rebound from this zone would work in favor of the U.S. dollar and a decline toward the 76.4% Fibonacci level at 1.1695. Consolidation above 1.1789–1.1819 would increase the likelihood of further growth toward the next corrective level, the 127.2% Fibonacci at 1.1896. The wave situation on the hourly chart remains simple and clear. The last completed downward wave broke the low of the previous wave, while the new upward wave has not yet broken the previous peak. Thus, the trend is still "bearish" for now. Recent labor market data and the shifting Fed monetary policy outlook support bullish traders, so the trend may begin to change again this week. To complete the "bearish" trend, the price needs to consolidate above the last peak at 1.1819. Tuesday was full of events, but traders largely ignored them, focusing entirely on the U.S. shutdown, which officially began today. Still, one report deserved attention — German inflation. The Consumer Price Index rose to 2.4% y/y, 0.1% higher than expected. Later today, the eurozone inflation report will be released, which may show acceleration compared to August and could also exceed forecasts. If that happens, bulls may launch a new offensive, as the ECB will shift its focus from easing to tightening monetary policy. Of course, higher inflation than 2.3–2.4% is needed for rate hikes, but everything starts small. In the UK, inflation a year ago was 1.7%, and now it stands at 3.8%. Attention should also be paid today to U.S. ISM and ADP reports. On the 4-hour chart, the pair reversed in favor of the euro around the 1.1680 level. Thus, the upward move may continue toward the 161.8% corrective level at 1.1854. Consolidation below 1.1680 would work in favor of the U.S. dollar and open the way for a decline toward the 127.2% Fibonacci level at 1.1495. No emerging divergences are observed today. Commitments of Traders (COT) Report: During the last reporting week, professional players closed 789 long positions and opened 2,625 short positions. The sentiment of the "Non-commercial" group remains "bullish" thanks to Donald Trump and is strengthening over time. The total number of long positions held by speculators is now 252,000, compared to 138,000 short positions. The gap is effectively twofold. In addition, note the number of green cells in the table above, which indicate strong increases in euro positions. In most cases, interest in the euro continues to grow, while interest in the dollar declines. For thirty-three consecutive weeks, large players have been reducing short positions and adding longs. Donald Trump's policies remain the most influential factor for traders, as they may cause numerous long-term and structural problems for America. Despite several important trade agreements, many key economic indicators show declines. News calendar for the U.S. and the Eurozone: Eurozone – Consumer Price Index (09:00 UTC).U.S. – ADP Employment Change (12:15 UTC).U.S. – ISM Manufacturing PMI (14:00 UTC).The October 1 economic calendar contains three entries, each quite important. The influence of the news background on market sentiment will be present on Wednesday. EUR/USD Forecast and Trader Tips: Sales were possible after a close below the support level at 1.1789–1.1802 on the hourly chart, with targets at 1.1695 and 1.1637–1.1645. All targets have been reached. New sales will be possible on a rebound from the 1.1789–1.1802 level with a target at 1.1695. Buying was possible on a rebound from the 1.1637–1.1645 zone with targets at 1.1695 and 1.1789–1.1802. Today, these trades can be kept open with stop-loss moved to breakeven. Fibonacci grids are built from 1.1789–1.1392 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

In the early hours today, CZ Binance leveled sharp criticism at media giants like Reuters, accusing them of recycling identical FUD(Fear, Uncertainty, and Doubt) narratives to damage his reputation. That move set the tone for a volatile session as XPL and Aster crypto both collapsed under pressure, with .cwp-coin-chart svg path { stroke-width: 0.65 !important; } Plasma XPL $1.08 2.01% Plasma XPL Price $1.08 2.01% /24h Volume in 24h $2.13B Price 7d Buy with Best Wallet climbed 4%, and the collective crypto market breathed in fresh bullish energy. The first day of Uptober’s aura seems to be working its magic. One key reason why crypto is up today is the surge in ETF and institutional capital. Per Coinglass, spot BTC ETFs alone recorded daily net inflows in the hundreds of millions. (source – Inflows, Coinglass) DefiLlama’s ETF dashboard similarly shows positive flows into crypto-related funds. That fresh capital provides base support and fuels upside. On the derivatives side, perpetual futures volumes and open interest are flashing signs of leverage betting. Funding rates are turning positive, which also suggests buyers are willing to pay for longs, another reason why crypto is up today. In DeFi, total value locked (TVL) remains stable, while DEX volumes and stablecoin supply growth confirm active participation and liquidity backing the move. (source – TVL, Defillama) Macro tailwinds help explain why crypto is up today, too. Gold, hitting record highs, has drawn attention toward risk assets. Betting on rate cuts in the coming months adds optimism. Regulatory clarity in Europe (MiCA) and moves to integrate crypto with fintech rails also tilt sentiment positive — more institutional buyers now feel safer entering the crypto market. So why is crypto up today? Because seasonal tailwinds, institutional flows, on-chain metrics, and memecoin hype all intersect right now. Market Cap 24h 7d 30d 1y All Time DISCOVER: 9+ Best Memecoin to Buy in 2025 Read the full story here. 3 hours ago Is It All Over For Aster Crypto? ASTER Price Tumbles -30% as Whales Bid New Crypto to Buy By Akiyama Felix When Aster crypto launched, it carried a reputation unlike most projects. Backed and promoted by Binance founder Changpeng Zhao (CZ), the token’s association alone fueled speculation that it could become a top-tier perpetual DEX competitor. Early September 2025 was a frenzy: ASTER pumped nearly 20x from launch, hitting an all-time high above $2.4, with volumes surging into the billions. Traders were chasing wild upside targets, and the crypto market was exploding with FOMO, with some even calling ASTER the “Binance-backed rocket.” (Source – defillama) Read the full story here. The post Latest Crypto Market News Today, October 1: CZ Binance Bash Reuters and Forbes, BNB Chain Hacked, Aster Crypto and Plasma XPL Freefalling appeared first on 99Bitcoins.

On the hourly chart, the GBP/USD pair on Tuesday continued a very sluggish upward move after consolidating above the 76.4% Fibonacci level at 1.3425. Thus, the pound's growth may continue today towards the next corrective levels at 1.3482 and 1.3528. Consolidation below 1.3425 or a rebound from 1.3482 would work in favor of the U.S. dollar and a pullback toward the nearest levels. The wave structure remains "bearish." The last completed downward wave broke the previous low, while the new upward wave has not yet broken the last high. The news background for the pound over the past two weeks has been negative, but I believe traders have already fully priced it in. This week, however, the negative background may shift to the dollar. To cancel the "bearish" trend, the pair needs to rise another 300 points, but I think we will see signs of a trend reversal to "bullish" much earlier. On Tuesday, the UK released its inflation report, which did not encourage bullish traders to launch a new attack. The British economy grew by 0.3% q/q and 1.4% y/y. The annual figure came in above expectations, so the pound could have strengthened slightly. Meanwhile, the U.S. shutdown began today, widely discussed in recent days. Republicans failed to reach an agreement with Democrats on extending funding for at least another two months, which resulted in many government services halting operations and employees being sent on unpaid leave. For the dollar, this is yet another reason to keep falling, but over the next three days traders will closely monitor U.S. economic data. It remains unclear whether these will even be published, since statistical agencies are also affected by the shutdown. However, the absence of data is also bad news for the dollar, as traders will expect the worst, which may lead to new selling of the U.S. currency. On the 4-hour chart, the pair rebounded from the 1.3339 level and turned in favor of the British pound. Consolidation above the 100.0% Fibonacci level at 1.3435 – increases the likelihood of further growth toward the 127.2% corrective level at 1.3795. No emerging divergences are observed today on any indicator. A new decline in the pound can be expected only after consolidation below 1.3339. Commitments of Traders (COT) Report: The sentiment of the "Non-commercial" trader category became more "bullish" in 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 at approximately 85,000 versus 86,000. Bullish traders are once again tipping the balance in their favor. In my view, the pound still retains downward prospects, but with each passing month the U.S. dollar looks weaker and weaker. Previously, traders worried about Donald Trump's protectionist policies without fully understanding the results they might bring. Now they may be concerned about the consequences of that policy: a possible recession, the constant introduction of new tariffs, Trump's battles with the Fed, which could leave the regulator "politically controlled" by the White House. Thus, the pound now appears far less risky than the U.S. currency. News calendar for the U.S. and the UK: U.S. – ADP Employment Change (12:15 UTC).U.S. – ISM Manufacturing PMI (14:00 UTC).The October 1 economic calendar contains two entries, each fairly important. The impact of the news background on market sentiment will be present on Wednesday, particularly in the second half of the day. GBP/USD Forecast and Trading Advice: Selling the pair is possible today if the hourly close occurs below 1.3425, targeting 1.3332–1.3357, or in case of a rebound from 1.3482. Buying could be considered from the 1.3332–1.3357 zone with targets at 1.3425, 1.3482, and 1.3528. These trades may be kept open today with a stop-loss moved to breakeven. Fibonacci grids are built from 1.3332–1.3725 on the hourly chart and from 1.3431–1.2104 on the 4-hour chart. The material has been provided by InstaForex Company - www.instaforex.com

On-chain analytics firm CryptoQuant has revealed the five key Bitcoin on-chain alerts that could be to keep an eye on in the coming week. Bitcoin Is Observing Developments On These Metrics In a new thread on X, CryptoQuant has discussed about some Bitcoin on-chain alerts that could be to watch amid the consolidation phase in the cryptocurrency’s price. The first indicator shared by the analytics firm is the 60-day change in the market cap of USDT, the number one stablecoin. As is visible in the above chart, the 60-day change in the USDT market cap has continued to sit at a notable positive level recently, implying the stablecoin has been witnessing growth. Stablecoins are one of the main inlets of capital into the cryptocurrency sector, so growth in them can generally be a positive sign. Currently, the 60-day change in the USDT market cap has a value of $10 billion. “This is a clear sign of fresh liquidity entering the market,” notes CryptoQuant. Another stablecoins-related indicator that can be relevant for Bitcoin is the Stablecoin Supply Ratio (SSR), which measures the ratio between the market cap of BTC and combined that of all stables. A low value in the indicator can prove to be a bullish sign, as it implies investor purchasing power in the form of stablecoins is high compared to the Bitcoin market cap. From the below chart, it’s apparent that the Relative Strength Index (RSI) of the BTC SSR stands at a value of 21 right now, which is considered to be inside the “buy” territory. Another bullish sign that’s developing for Bitcoin is in the Accumulator Address Demand, an indicator that measures the demand that’s coming from addresses that have zero history of selling the cryptocurrency. These perennial HODLers now own 298,000 BTC, which is a new record. A metric that’s still inside the bearish zone, however, is the Inter-Exchange Flow Pulse (IFP). This metric keeps track of the BTC flows happening between spot and derivatives exchanges. The indicator has been following a downtrend during the past few months, which is considered to be a bear market pattern. “Watch closely: a shift upward often marks the start of bullish momentum,” says the analytics firm. The final metric shared by CryptoQuant is the Realized Price of the short-term holders (STHs), which measures the average cost basis of the Bitcoin investors who got in during the last 155 days. During BTC’s recent plunge, the STHs briefly dipped into losses, but the asset has since recovered above their Realized Price of $109,775. Bullish trends have historically continued when the coin has traded above this level. BTC Price Bitcoin has climbed back to $114,200 following its recovery surge in the last couple of days.

Traders are lowering their expectations regarding how much the Federal Reserve will cut interest rates in the coming months, illustrating how mixed signals from central bank officials are clouding the outlook for monetary policy. In the futures market, the scenario implying just one 25-basis-point rate cut in 2025 and the so-called neutral rate — the optimal rate at which policy neither stimulates nor restrains growth — is now expected to be only partially realized. This stands in sharp contrast with last week, when bets on a 50-basis-point cut by year-end were in demand. A wider range of views on monetary policy expressed by Fed officials in recent days contributed to this shift: traders rushed to hedge both the risk of the central bank delivering significant rate cuts and the risk of it acting less aggressively. For example, newly appointed member Steven Miran stated that policy remains too restrictive and advocated for a 125-basis-point rate cut across the two remaining FOMC meetings in 2025, while Atlanta Fed President Raphael Bostic said the Fed must stay vigilant over inflation risks. Meanwhile, Fed Chair Jerome Powell last week indicated that the outlook for the labor market and inflation is subject to risks and gave no hints as to whether he would support a rate cut at the next Fed meeting in October. Recall that during its September meeting, the FOMC cut the federal funds rate for the first time this year, to 4–4.25%. Currently, interest-rate swaps are pricing the neutral rate at about 2.95% and a total of roughly 40 basis points in rate cuts across the two remaining scheduled meetings this year. News of the U.S. government shutdown could significantly affect the Fed's future outlook and its plans for further rate cuts. Without new data, which will not be published during the shutdown, it is unlikely that the Committee will proceed with a cut at the October meeting. However, there is always a chance that Republicans and Democrats will reach an agreement on spending, allowing the government to reopen and the release of fresh statistics that influence central bank decisions to resume. As for the current technical picture of EUR/USD, buyers now need to focus on reclaiming the 1.1770 level. Only this will allow for a test of 1.1795. From there, the pair may climb to 1.1820, though doing so without support from large players will be quite difficult. The furthest target is the 1.1845 high. In case of a decline, I expect significant buying activity only around 1.1730. If no major buyers appear there, it would be better to wait for a renewal of the 1.1710 low or consider opening long positions from 1.1680. As for the current technical picture of GBP/USD, pound buyers need to take the nearest resistance at 1.3490. Only then will they be able to aim for 1.3530, above which it will be rather difficult to break. The furthest target is the 1.3565 level. In case of a decline, bears will attempt to seize control at 1.3440. If successful, a breakout of this range would deal a serious blow to the bulls' positions and push GBP/USD down to the 1.3400 low, with the prospect of reaching 1.3365. The material has been provided by InstaForex Company - www.instaforex.com

Key takeaways The US government shutdown, the first in nearly seven years, heightens political uncertainty ahead of the 2026 midterm elections.Past shutdowns show the US dollar tends to weaken during and after such impasses, with the 2018 episode triggering a 2% decline.Rising unemployment and Trump’s threat of mass layoffs increase bets for Fed rate cuts in October and December 2025.The Eurozone/US policy rate spread is steepening, reinforcing upside momentum in EUR/USD. The US government has officially entered a shutdown in nearly seven years today, 1 October 2025, after Senate Republican and Democratic leaders remained locked in a stalemate over health care subsidies and engaged in brinkmanship maneuvers to frame the 2026 midterm elections. The previous shutdown occurred in late December 2018 during President Trump’s first term, which lasted for 34 days, the longest US government shutdown in history since 1976. Based on the data compiled by Bloomberg for the last three shutdowns, in 2013, early 2018, and late 2018, the US dollar drifted lower (Bloomberg Dollar Spot Index) both during the impasse and in the aftermath of the shutdowns. The late 2018 episode produced the most pronounced bout of US dollar weakness; the greenback shed around -2% during the shutdown period of 34 days. Right now, let's examine one key macro factor that is likely to support the ongoing medium-term uptrend phase of the EUR/USD in light of the latest US government shutdown. Risk of a spike in the US employment rate leads to a more dovish Fed Fig. 1: The Eurozone/US implied policy interest rate curve spread with EUR/USD as of 30 Sep 2025 (Source: MacroMicro) To heighten brinkmanship ahead of the 2026 US midterm elections, President Trump suggested his administration could leverage the shutdown to pursue mass layoffs of government employees, going beyond the temporary furloughs already affecting an estimated 750,000 personnel. The current unemployment rate in the US has increased to 4.3% in August 2025 from 4.2% in July, its highest level since October 2021. Hence, the unemployment rate could spike higher if the shutdown lasts for more than a week, with the mass layoffs proposed by Trump. The Fed funds futures market has started to price in a bleak US labour market condition that triggers an increase in bets for two more Fed rate cuts in the October and December FOMC meetings before 2025 ends Based on the latest data from the CME FedWatch tool, the odds of a 25 basis points (bps) cut to reduce the Fed funds rate to 3.75%-4.00% on the 29 October FOMC meeting have increased to 95% from 90% a day ago. Also, the odds have risen to a 75% chance of another 25 bps rate cut in the 12 December 2025 FOMC meeting to bring the Fed funds rate lower to 3.50%-3.75% from around 58% chance recorded previously ex-post 17 September 2025 FOMC meeting. All in all, the increase in Fed rate cut bets has led to the Eurozone/US implied policy interest rate curve spread to inch higher to -1.84% in November 2025 from -1.93% in October 2025 and rose steadily in the next few months to be at -1.55% by March 2026. Also, the curve spread has shifted upwards from three months ago (see Fig. 1). The steepening of the Eurozone/US implied policy interest rate curve spread is likely to assert upside pressure in the EUR/USD. Let’s now examine the latest technical factors on the EUR/USD to determine the next potential short-term (1 to 3 days) trajectory and its key levels to watch. Fig. 2: EUR/USD minor trend as of 1 Oct 2025 (Source: TradingView) Fig. 3: EUR/USD medium-term & major trends as of 1 Oct 2025 (Source: TradingView) Preferred trend bias (1-3 days) Bullish bias with key short-term pivotal support at 1.1680 for the EUR/USD. A clearance above 1.1760 increases the odds of a new minor bullish impulsive up move sequence for the next intermediate resistances to come in at 1.1820, 1.1860, and 1.1910 in the first step (see Fig. 2). Key elements The EUR/USD exited from the minor descending channel resistance on Monday, 29 September 2025, and traded back above its 50-day moving average. These observations suggest that the minor corrective decline sequence from its 17 September 2025 ex-post FOMC high to 25 September 2025 low of 1.1645 is likely to have ended (see Fig. 2).The hourly RSI momentum indicator of the EUR/USD has managed to hover above a horizontal support at the 46 level, which suggests a potential build-up of short-term bullish momentum (see Fig. 2).The yield spread between the 2-year German Bund and the US Treasury note has just staged a bullish breakout on Tuesday, 29 September 2025, at the time of writing. It narrowed to -1.57% as of Wednesday, 1 October 2025, at the time of writing, from -1.7% printed on 25 September 2025 (see Fig. 2).This development indicates a relative decline in the yield attractiveness of the 2-year US Treasury versus its German counterpart, which in turn exerts downside pressure on the US dollar against the euro (see Fig. 2).The EUR/USD has continued to oscillate above a medium-term ascending trendline in place since the 3 February 2025 low, coupled with a recent bullish momentum reading seen in its daily RSI momentum indicator. These observations support the ongoing medium-term uptrend phase of the EUR/USD (see Fig. 3).Alternative trend bias (1 to 3 days) Failure to hold at the 1.1680 short-term key support invalidates the bullish scenario on the EUR/USD to expose the next intermediate supports at 1.1630/1.1615 and 1.1570 (the medium-term pivotal support). 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.

Yesterday, the U.S. Congress missed the midnight deadline for funding submissions, which led to the first government shutdown in nearly seven years — and the third under President Donald Trump. The White House Office of Management and Budget ordered agencies to implement their contingency plans for a funding lapse, which will halt government operations except for essential duties, disrupt the work of hundreds of thousands of Americans, and shut down many federal services. Both parties have reached a deadlock over healthcare subsidies. Experts note that the shutdown and its economic consequences could drag on. If it lasts for three weeks, the unemployment rate could rise to 4.6–4.7% from 4.3% in August, as furloughed workers are counted as temporarily unemployed. Against this backdrop, Trump announced that his administration would use the shutdown to conduct mass layoffs of federal employees, going beyond the temporary furlough that has already affected an estimated 750,000 government workers. This move could worsen the economic fallout of the shutdown. Experts and labor unions warn that such a step would not only deepen the shutdown's economic impact but also inflict long-term damage on the public sector. Mass layoffs would result in the loss of qualified personnel and disorganization within key agencies. Many government employees, fearing job loss, would be forced to seek other opportunities, leading to a brain drain and reduced efficiency in public administration. Moreover, layoffs could negatively affect the morale of remaining staff, creating an atmosphere of instability and uncertainty. This may cause a decline in productivity and a deterioration in the quality of public services. The economic consequences of such a decision could be quite severe. In addition to reduced consumer spending by dismissed employees, there would be difficulties in implementing infrastructure projects and other government programs. Businesses dependent on government contracts could also suffer, leading to further slowing of economic growth. Ultimately, the decision to conduct mass layoffs of federal employees is a risky move that could have serious negative consequences for both the economy and public administration. Historically, the economic consequences of government shutdowns have been largely, though not fully, offset. The Congressional Budget Office estimated that the U.S. economy failed to recover 3 billion dollars of the 11 billion dollars lost in output during the partial government shutdown of 2018–2019, which lasted five weeks and became the longest in U.S. history. During yesterday's meeting, Democrats and Republicans showed no signs of resolving the deadlock over whether to include changes in healthcare and other political measures. Democrats demanded the adoption of a temporary spending bill. Republicans, who need at least eight Democratic votes to pass a funding bill, said they would extend the Senate's work with a one-day break for Yom Kippur and keep holding votes on the Republican proposal until Democrats relent. So far, the currency market has reacted fairly calmly to the start of the shutdown. As for the current technical picture of EUR/USD, buyers now need to work on taking the 1.1770 level. Only then will they be able to aim for a test of 1.1795. From there, it may be possible to climb to 1.1820, but doing so without the support of large players will be quite challenging. The furthest target is the 1.1845 high. In case the instrument declines, I expect significant buying activity only around 1.1730. If no major buyers appear there, it would be better to wait for a renewal of the 1.1710 low or to open long positions from 1.1680. As for the current technical picture of GBP/USD, pound buyers need to take the nearest resistance at 1.3490. Only then will they be able to target 1.3530, above which it will be quite difficult to break. The furthest target is the 1.3565 level. In case of a decline, bears will attempt to take control at 1.3440. If they succeed, a breakout of this range would deal a serious blow to the bulls' positions and push GBP/USD down to the 1.3400 low, with the prospect of reaching 1.3365. The material has been provided by InstaForex Company - www.instaforex.com

Trend Analysis (Fig. 1). On Wednesday, the market from the level of 1.3441 (yesterday's daily candle close) may possibly continue moving upward with the target at 1.3482 – the 61.8% retracement level (red dashed line). When testing this level, the price may roll back downward with the target at 1.3417 – the 23.6% retracement level (blue dashed line). Fig. 1 (daily chart). Comprehensive Analysis: Indicator analysis – upward;Fibonacci levels – upward;Volumes – downward;Candlestick analysis – downward;Trend analysis – upward;Bollinger Bands – upward;Weekly chart – upward.General conclusion: upward trend. Alternative scenario: On Wednesday, the market from the level of 1.3441 (yesterday's daily candle close) may possibly continue moving upward with the target at 1.3501 – the 38.2% retracement level (yellow dashed line). When testing this level, the price may roll back downward with the target at 1.3417 – the 23.6% retracement level (blue dashed line). The material has been provided by InstaForex Company - www.instaforex.com

Trend Analysis (Fig. 1). On Wednesday, the market from the level of 1.1732 (yesterday's daily candle close) may continue moving upward with the target at 1.1782 – the 50% retracement level (red dashed line). When testing this level, the price may possibly roll back downward with the target at 1.1710 – the 23.6% retracement level (red dashed line). Fig. 1 (daily chart). Comprehensive Analysis: Indicator analysis – upward;Fibonacci levels – upward;Volumes – downward;Candlestick analysis – downward;Trend analysis – upward;Bollinger Bands – upward;Weekly chart – upward.General conclusion: upward trend. Alternative scenario: from the level of 1.1732 (yesterday's daily candle close), the price may continue moving upward with the target at 1.1794 – the 23.6% retracement level (blue dashed line). When testing this level, the price may roll back downward with the target at 1.1710 – the 23.6% retracement level (red dashed line). The material has been provided by InstaForex Company - www.instaforex.com

Tether, the issuer behind the leading stablecoin, USDT, has made headlines by acquiring $1 billion worth of Bitcoin—approximately 8,800 BTC—during the third quarter of this year. While many investors have reacted positively to this significant investment, caution has emerged from industry experts like Jacob King, CEO of SwanDesk, who warns that this move may contribute to what he believes could be the “largest bubble in history.” Bitcoin’s True Value Could Be Below $1,000 In a recent post on social media platform X (formerly Twitter), King raised serious concerns about the Bitcoin market, claiming that 80-90% of the total buy volume is artificially inflated. He argues that Tether essentially creates money “out of thin air,” injecting it into Bitcoin and thereby exacerbating the speculative environment. Despite the growing trend of exchange-traded funds (ETFs) and institutional accumulation of Bitcoin as a treasury reserve, the cryptocurrency’s real value might be “far below $1,000.” This narrative has been ongoing for years, provoking varied responses within the community. One investor countered King’s assertion by asking why major institutional players, including sovereign ETFs and Fortune 500 companies, continue to invest in Bitcoin if such a large portion of the trading volume is deemed fake. His argument suggests that either these institutions are misinformed or that the real bubble lies within traditional fiat currencies rather than cryptocurrencies like Bitcoin. King refuted this notion, alleging that the idea of significant institutional investment in Bitcoin is largely “a myth.” He contended that most inflows into ETFs are driven by retail investors, not large institutions. Skepticism Vs. Optimism Further amplifying his skepticism, King criticized Strategy (previously MicroStrategy), the largest publicly traded company holding over 600,000 BTC, describing it as a “leveraged Bitcoin casino.” He alleged that the company’s co-founder, Michael Saylor, has a history of inflating numbers during the dot-com bubble, suggesting that the current situation is a repetition of “past mistakes.” In contrast, other experts like Quinten Francois view Tether’s recent Bitcoin purchase through a more optimistic lens. Francois highlights the US government’s push for stablecoin adoption via the GENIUS Act, which mandates that stablecoin issuers be licensed, transparent, and fully backed by US Treasuries. He argues that this regulatory framework could channel trillions in offshore Eurodollars into US bonds through stablecoins, effectively continuing quantitative easing but through these private entities rather than the Federal Reserve (Fed). At the time of writing, BTC is trading within the lower channel of its consolidation range at $113,200, with no clear indication of where prices will move next. According to CoinGecko data, the leading cryptocurrency is currently 8% below its all-time high. Featured image from DALL-E, chart from TradingView.com

October opened with tension in both politics and crypto. The U.S. federal government officially shut down for the first time in six years after Congress failed to agree on a budget deal. The deadlock has rattled global markets, and digital assets are no exception. Bitcoin .cwp-coin-chart svg path { stroke-width: 0.65 !important; } Bitcoin BTC $114,521.87 0.76% Bitcoin BTC Price $114,521.87 0.76% /24h Volume in 24h $50.05B Price 7d The post [LIVE] Crypto News Today, October 1: Bitcoin Holds $114K as Shutdown Fuels Volatility, Traders Hunt Best Meme Coins to Buy appeared first on 99Bitcoins.

No matter how challenging the current U.S. government shutdown may seem, these disruptions are temporary. This fact, combined with positive news from pharmaceutical companies, has pushed the S&P 500 back toward record highs. Donald Trump announced that Pfizer will introduce new medications in the U.S. at reduced prices. As long as the company invests in the American economy, it will be exempt from tariffs. The White House is also working with other industry representatives to reach similar agreements. U.S. Stock Index Performance The market hears what it wants to hear. That's why stock indices have continued their rally despite the government shutdown and declining consumer confidence. Previous shutdowns have come at a high cost to the U.S. economy. In Q1 of 2019, GDP contracted by 0.4%, and in 2013, by 0.6 percentage points. Layoffs totaled 340,000 and 800,000, respectively. The current scenario is more reminiscent of the shutdown 12 years ago, which involved a complete halt in executive branch operations. In 2018, however, some programs continued to receive funding. The market's reaction has been mixed. One week before a shutdown, the S&P 500 declined 8 times, with an average drop of 0.1%. After the shutdown ended, the index rose in 11 cases, with an average increase of 0.6%. In four of the last five instances since 1995, government shutdowns actually triggered stock market rallies. S&P 500's Reaction to Shutdowns Generally, the longer the executive branch remains inactive, the more damage it does to businesses and the economy. It's essential to distinguish between partial and full shutdowns. The 2025 shutdown is a full governmental stop. Moreover, there is still no visible breakthrough in negotiations between Democrats and Republicans. Bloomberg Economics forecasts a rise in the unemployment rate from 4.3% to 4.7%. It's not surprising that some bold investors are now discussing a potential pullback in the S&P 500. According to Piper Sandler, a reality check after five straight quarters of growth could push the index down 3–4% and lead to consolidation in the 6400–6700 range. Only after that might the upward move resume. Sanctuary Wealth expects a correction between 5% and 10% if rising inflation in the U.S. leads to a spike in Treasury yields. These forecasts sound like a lone voice in the wilderness, especially as the S&P 500 retests historic highs. Investors are alert, waiting for the right moment to "buy the dip" and enter into long positions at better prices. Still, a little "ballast drop" wouldn't hurt the index's broader trajectory. On the daily chart, the S&P 500 quotes have returned to a cluster of pivot levels around 6690–6700. A breakout above this area would signal a resumption of the bullish trend and create an opportunity to add to long positions initiated at 6570 and 6610. On the other hand, a failed breakout would increase the risk of consolidation, prompting many to take profits and potentially reverse positions. The material has been provided by InstaForex Company - www.instaforex.com

Bitcoin rebounded yesterday but failed to break above the $115,000 mark, which raises questions about its short-term bullish outlook. Ethereum, meanwhile, remained relatively flat, continuing to trade around the same levels as the previous day. A particularly interesting interview with Pavel Durov surfaced yesterday, in which he revealed that he lives off early investments in BTC. Durov shared that he had purchased several thousand BTC at around $700. "In reality, my cryptocurrency investments, primarily in Bitcoin, support my lifestyle. Many believe that my affinity for luxury homes and private jets is funded by Telegram. However, as I've said before, Telegram is a non-profit project for me. Bitcoin is what has allowed me to maintain financial independence," Durov said. This story is more than just a curious detail about a famous entrepreneur — it's a powerful example of cryptocurrency's potential as a tool for financial freedom. Durov's foresight to invest in Bitcoin early on enabled him to turn modest initial capital into a foundation that now supports not only his personal needs but also his ability to run a passion project like Telegram without profitability pressures. His words come across not only as a personal confession but also as a manifesto of sorts for innovation and vision in the world of finance, showing how embracing new technologies and believing in their potential can lead to remarkable outcomes. According to Durov, BTC will hit $1 million in the near future. As for the intraday crypto trading strategy, I will continue to focus on buying dips in Bitcoin and Ethereum, expecting the mid-term bullish trend to continue. Below are the conditions for short-term trading. BitcoinBuy ScenarioScenario #1: I will buy Bitcoin today if the price reaches $114,800 with a target of $115,700. I plan to exit long trades around $115,700 and sell on a bounce. Before entering a breakout buy, make sure the 50-day moving average is below the current price, and the Awesome Oscillator is above zero.Scenario #2: Buy from the lower boundary around $113,900 in the absence of a strong market reaction to a downside breakout, targeting $114,800 and $115,700.Sell ScenarioScenario #1: I will sell Bitcoin today if the price reaches $113,900 with a target of $112,600. Near $112,600, I plan to exit short trades and buy on a bounce. Before entering a breakout sell, confirm that the 50-day moving average is above the current price, and the Awesome Oscillator is in negative territory.Scenario #2: Consider selling from the upper boundary at $114,800 if the market fails to sustain a breakout, targeting a move back to $113,900 and $112,600. EthereumBuy ScenarioScenario #1: I plan to buy Ethereum today at the $4,157 entry point with a target of $4,208. I'll exit long positions at $4208 and sell on a bounce. Before entering a breakout buy, ensure the 50-day moving average is below the current price, and the Awesome Oscillator is above zero.Scenario #2: Buy ETH from the lower boundary at $4117 if the market shows no reaction to a downside breakout, aiming for rebounds to $4257 and $4208.Sell ScenarioScenario #1: I will sell Ethereum today at $4117, targeting $4077. At $4077, I will exit shorts and consider buying on the bounce. Before breakout selling, the 50-day moving average should be above the current price, and the Awesome Oscillator should be in negative territory.Scenario #2: Consider selling from the upper boundary at $4157 if the market fails to confirm a true breakout, aiming for $4117 and $4077.The material has been provided by InstaForex Company - www.instaforex.com

As the market stabilizes from last week’s correction, BNB is attempting to hold a crucial area that could set the stage for a rally, leading some analysts to suggest that the next leg up could be around the corner. Kazakhstan Adoption Pushes BNB To $1,000 Nearly two weeks after breaking above the $1,000 milestone for the first time, BNB is attempting to hold this key area as support following the recent market pullback. The cryptocurrency has recorded a massive multi-month rally this quarter, surging 54% since the July opening. Over the past month, the cryptocurrency has climbed 16% from the start-of-September lows, turning the crucial $800-$900 zone into support before surging toward its latest all-time high (ATH) of $1,083 nine days ago. Nonetheless, the altcoin’s massive run was halted during the end-of-month pullback, which saw most cryptocurrencies, including Ethereum (ETH) and Solana (SOL), hit multi-week lows. BNB dropped over 10% from last week’s high, losing the critical $1,000 breakout level on Friday. During the pullback, the altcoin retested the $930 level as support, bouncing off this level over the weekend and reclaiming the crucial barrier yesterday morning. The recent price surge was driven by Kazakhstan’s announcement of its investment in the altcoin. On Monday, Kazakhstan announced the launch of its first crypto reserve, the Alem Crypto Fund, aimed at long-term investment in digital assets. According to the statement, Binance Kazakhstan is the strategic partner of the fund, which was established by the Ministry of Artificial Intelligence and Digital Development of the Republic of Kazakhstan. As part of the partnership, Alem Crypto Fund made BNB its first investment. Nurkhat Kushimov, General Manager of Binance Kazakhstan, stated that “The fund’s choice of BNB as its first digital asset highlights the trust in the Binance ecosystem and marks a new chapter for institutional recognition of cryptocurrencies in Kazakhstan.” Price Discovery Continuation In Q4? It’s worth noting that the BNB Chain ecosystem also saw a strong performance, with multiple projects built on the network leading in terms of profitability. As reported by NewsBTC, BNB Chain projects led Binance Wallet’s top ten Initial DEX Offerings (IDOs) list with up to 2,000x historical returns, while BSC projects led the top five Alpha trading volume rankings. Market watcher Daan Crypto Trades suggested that neither BNB nor BSC-related tokens’ rally is over yet, as the “market is eager for a narrative or chain to gamble on.” Analyst Ali Martinez affirmed that the token “still has many legs up,” suggesting that successfully holding this level could target new highs. The analyst previously stated that BNB’s price targets the $1,200-$1,300 area as part of its bullish breakout from its macro range. Turning the current area into support in the higher timeframes could set the stage for a price discovery continuation with a 20%-30% run in the coming months. On the contrary, a rejection from this level could see the price retest the $900-$930 area again. Similarly, Altcoin Sherpa asserted that the cryptocurrency “has been the strongest major to recover so far from the dump,” adding that another rally later in the year is possible. As of this writing, BNB is trading at $1,002, a 1.3% decline in the daily timeframe.

[Silver] – [Wednesday, October 01, 2025] With the EMA position still in a Golden Cross and the RSI in the Neutral to Bullish zone, then Silver has the potential to appreciate today toward its nearest resistance levels. Key Levels 1. Resistance. 2 : 47.840 2. Resistance. 1 : 47.225 3. Pivot : 46.500 4. Support. 1 : 45.855 5. Support. 2 : 45.160 Tactical Scenario Positive Reaction Zone: If the XAG/USD price breaks and closes above 47.225, there is potential to test the 47.840 level. Momentum Extension Bias: If 47.840 is successfully breached and closed above, Silver has the potential to move up to the 48.565 level. Invalidation Level / Bias Revision The upside bias weakens if Silver declines and breaks and closes below 45.160. Technical Summary EMA(50) : 46.644 EMA(200): 45.848 RSI(14) : 61.18 Economic News Release Agenda: Tonight, the United States will release the following economic data: US - ADP Non-Farm Employment Change - 19:15 WIB US - Final Manufacturing PMI - 20:45 WIB US - ISM Manufacturing PMI - 21:00 WIB US - ISM Manufacturing Prices - 21:00 WIB US - Construction Spending m/m - 21:00 WIB US - Wards Total Vehicle Sales - All Day US - Crude Oil Inventories - 21:30 WIB The material has been provided by InstaForex Company - www.instaforex.com

[XPD/USD] – [Wednesday, October 01, 2025] With the RSI Position in the Neutral-Bearish level, then there is potential for XPD/USD to decline today toward its nearest support levels. Key Levels 1. Resistance. 2 : 1339.48 2. Resistance. 1 : 1306.17 3. Pivot : 1267.27 4. Support. 1 : 1233.96 5. Support. 2 : 1195.06 Tactical Scenario Pressure Zone: If the price breaks down and closes below 1267.27, Palladium is likely to go down to 1233.96. Momentum Extension Bias: If 1233.96 is breached and closes below, XPD/USD could continue weakening down to 1195.06. Invalidation Level / Bias Revision The downside bias is limited if XPD/USD suddenly strengthens up to the level of 1339.48. Technical Summary EMA(50) : 1269.17 EMA(200): 1261.09 RSI(14) : 47.44 Economic News Release Agenda: Tonight, the United States will release the following economic data: US - ADP Non-Farm Employment Change - 19:15 WIB US - Final Manufacturing PMI - 20:45 WIB US - ISM Manufacturing PMI - 21:00 WIB US - ISM Manufacturing Prices - 21:00 WIB US - Construction Spending m/m - 21:00 WIB US - Wards Total Vehicle Sales - All Day US - Crude Oil Inventories - 21:30 WIB The material has been provided by InstaForex Company - www.instaforex.com

Trade Review and Advice on Trading the Japanese YenThe test of the 147.90 price level occurred when the MACD indicator had just started to move downward from the zero line, confirming a valid entry point for selling the dollar in line with the prevailing trend. As a result, the pair declined by only 15 pips. During the Asian session today, the Japanese yen showed strength. The dollar came under pressure due to the U.S. government shutdown, triggered by a failure to reach a consensus on funding for the upcoming fiscal period. This, combined with deteriorating global market sentiment, led to a flight from risk and increased demand for safe-haven assets — most notably the yen. The shutdown has brought confusion and uncertainty to the financial markets, raising concerns about the U.S. economy's growth prospects. Investors fear that a prolonged government closure could slow economic activity and potentially lead to further economic challenges. In such a scenario, the yen — viewed as the currency of a stable and reliable nation — becomes an appealing alternative for capital preservation. Japanese Manufacturing PMI data did not strongly support the yen, although a positive revision to the index was interpreted as a constructive sign. However, markets seem to have already priced in expectations of improved Japanese economic performance. For the yen to strengthen further, more significant catalysts will be needed. Investors remain focused on developments in the U.S. and any potential signals from the Bank of Japan regarding a possible rate hike before the end of the year. As for the intraday strategy, I will focus more on implementing scenarios #1 and #2. Buy ScenarioScenario #1: I plan to buy USD/JPY today upon reaching the entry point around 147.67 (green line on the chart) with an upside target of 148.15 (thicker green line). Around 148.15, I plan to exit my buy positions and open sell positions in the opposite direction, expecting a 30–35 pip pullback. Buying the pair is best done on corrections and deep dips in the USD/JPY exchange rate. Important! Before buying, ensure the MACD indicator is above zero and is just starting to rise from that level. Scenario #2: I also plan to buy USD/JPY in the case of two consecutive tests of the 147.23 level when the MACD is in the oversold zone. This would suggest limited downside potential and a likely reversal back up. Expected targets are the opposing levels at 147.67 and 148.15. Sell ScenarioScenario #1: I plan to sell USD/JPY only after a breakout below the 147.23 level (red line on the chart), which could result in a quick decline in the pair. The main target for sellers will be 146.66, where I plan to exit short positions and switch to long trades for a potential bounce of 20–25 pips. Selling is more effective from higher levels. Important! Before selling, ensure that the MACD is below zero and is just beginning its downward move. Scenario #2: I also plan to sell the pair today if there are two consecutive tests of the 147.67 level while the MACD is in the overbought area. This would cap the pair's upside and could trigger a reversal to lower levels. In this case, a drop toward the opposite levels at 147.23 and 146.66 may follow. What's on the Chart:Thin green line – entry price at which the instrument can be bought. Thick green line – suggested price for taking profit or manually securing profits, as further growth above this level is unlikely. Thin red line – entry price at which the instrument can be sold. Thick red line – suggested price for taking profit or manually securing profits, as further decline below this level is unlikely. MACD indicator: When entering the market, it is important to refer to overbought and oversold areas. Important. Beginner forex traders should exercise extreme caution when making entry decisions. Before important fundamental reports, it is best to stay out of the market to avoid sharp price swings. If you decide to trade during the release of news, always use stop-loss orders to minimize losses. Without stop-losses, you can quickly lose your entire deposit, especially if you don't use money management and trade large volumes. And remember: for successful trading, you need a clear trading plan, as I described above. Making spontaneous trading decisions based on the current market situation from moment to moment is a losing strategy for an intraday trader. The material has been provided by InstaForex Company - www.instaforex.com

Trade Review and Advice on Trading the British PoundThe test of the 1.3445 level occurred at a moment when the MACD indicator had just started moving upward from the zero line — a confirmation of a valid entry point for buying the pound, which resulted in a 20-pip gain. Today, the British pound continued to rise during the Asian session, benefiting from additional pressure on the U.S. dollar due to the ongoing government shutdown. This shutdown, caused by a lack of consensus on government spending for the upcoming fiscal year, has triggered a wave of concern among investors, prompting them to shift away from dollar-denominated assets in search of safer havens. The pound took advantage of the situation and strengthened as the dollar weakened. Focus now shifts to the release of the UK Manufacturing PMI, an indicator closely monitored by analysts and economists. Given the recent mixed performance of the manufacturing sector, today's report is significant for assessing future momentum. Strong PMI readings would help support the pound and signal economic resilience, while weaker data could amplify concerns about a looming recession. Additionally, today's release of the Bank of England Monetary Policy Committee (MPC) meeting minutes will provide investors with comprehensive insights into the rationale behind recent policy decisions. Special attention will be paid to remarks on inflation, growth outlook, and risks to financial stability. Rounding out the morning agenda is a speech by Catherine L. Mann, a member of the BoE's MPC. Her comments could provide valuable insight into the BoE's stance on monetary policy going forward. Traders will be analyzing her words closely for clues on when the central bank might pause rate hikes or even consider cutting rates. As for the intraday strategy, I will focus more on implementing scenarios #1 and #2. Buy ScenarioScenario #1: Today, I plan to buy the pound at around 1.3472 (indicated by the green line on the chart), targeting a move toward 1.3514 (represented by the thicker green line). Near the 1.3514 level, I plan to exit long positions and open short positions in the opposite direction, expecting a pullback of about 30–35 pips. Pound strength is likely to continue following strong data. Important! Before entering a buy trade, ensure the MACD indicator is above the zero line and is just beginning to rise from it.Scenario #2: I also plan to buy the pound today if the price tests the 1.3439 level twice in a row while the MACD is in oversold territory. This would signal limited downside potential and likely trigger a bullish reversal. A rebound from here could lead the pair to 1.3472 and 1.3514.Sell ScenarioScenario #1: I plan to sell the pound after a break below 1.3439 (red line on the chart), which may lead to a swift downward move. The key target for sellers will be 1.3396, where I plan to exit short positions and immediately open buys for a potential 20–25 pip rebound from that level. Sellers may seize control at any time. Important! Before entering a short position, confirm that the MACD indicator is below the zero line and just beginning to decline from it.Scenario #2: I also plan to sell the pound today if the price tests 1.3472 twice while the MACD is in overbought territory. This would signal capped upside potential and set up a possible reversal to the downside. In this case, a slide toward 1.3439 and 1.3396 may follow. What's on the Chart:Thin green line – entry price at which the instrument can be bought. Thick green line – suggested price for taking profit or manually securing profits, as further growth above this level is unlikely. Thin red line – entry price at which the instrument can be sold. Thick red line – suggested price for taking profit or manually securing profits, as further decline below this level is unlikely. MACD indicator: When entering the market, it is important to refer to overbought and oversold areas. Important. Beginner forex traders should exercise extreme caution when making entry decisions. Before important fundamental reports, it is best to stay out of the market to avoid sharp price swings. If you decide to trade during the release of news, always use stop-loss orders to minimize losses. Without stop-losses, you can quickly lose your entire deposit, especially if you don't use money management and trade large volumes. And remember: for successful trading, you need a clear trading plan, as I described above. Making spontaneous trading decisions based on the current market situation from moment to moment is a losing strategy for an intraday trader. The material has been provided by InstaForex Company - www.instaforex.com

Trade Review and Advice on Trading the EuroThe test of the 1.1730 price level occurred at a time when the MACD indicator had already moved significantly below the zero line, which limited the downside potential of the pair. For this reason, I chose not to sell the euro. The second test of this level coincided with the MACD entering the oversold zone, which triggered the realization of Scenario #2 (Buy) and resulted in a 25-pip upward move. Yesterday's unexpected drop in the U.S. Consumer Confidence Index for September, as reported by The Conference Board, led to a notable decline in the dollar and a corresponding move higher in the euro. The reported value of 94.2 points came in well below economists' expectations, which had called for a more optimistic reading. This sudden deterioration in sentiment raised concerns about the future of the U.S. economy and was reflected broadly in the weakening dollar. The drop in consumer confidence can be attributed to a combination of factors, including elevated inflation, high interest rates, and ongoing geopolitical instability. These pressures are weighing on consumer sentiment and their willingness to spend—factors which could slow economic growth in the periods ahead. Today brings a wave of macroeconomic data that may have a tangible impact on financial markets. Key releases include the euro area's Manufacturing PMI and Consumer Price Index (CPI). Disappointing outcomes from these releases could amplify existing concerns about the eurozone's economic outlook. Additionally, markets will pay close attention to a speech from Bundesbank President Joachim Nagel. His remarks on the current economic landscape, inflation expectations, and the ECB's monetary policy plans may influence the euro's trajectory and overall investor sentiment. As for the intraday strategy, I will focus more on implementing scenarios #1 and #2. Buy ScenarioScenario #1: Today, I plan to buy the euro upon reaching the 1.1770 level (indicated by the green line on the chart), with the upside target at 1.1810. At 1.1810, I plan to exit long trades and initiate sell positions in the opposite direction, counting on a 30–35 pip retracement. A bullish euro outlook is valid only if ECB officials take a firm, hawkish stance. Important! Before buying, ensure the MACD indicator is above the zero level and is just beginning to rise from it. Scenario #2: I also plan to buy the euro today in the event of two consecutive tests of the 1.1745 level while the MACD indicator is in the oversold zone. This would limit the downside potential and could trigger a market reversal to the upside. In this scenario, I expect the pair to rise toward 1.1770 and 1.1810. Sell ScenarioScenario #1: I plan to sell the euro after a return to the 1.1745 level (red line on the chart). The downside target in this case is 1.1705, where I would exit short trades and consider switching to long setups in the opposite direction (expecting a 20–25 pip rebound from the level). Selling may become relevant again if today's data from the eurozone disappoints. Important! Before selling, ensure that the MACD indicator is below the zero line and just beginning to decline from it. Scenario #2: I will also consider selling the euro today if the price tests the 1.1770 level twice in a row while the MACD indicator is in the overbought zone. This would cap the upside potential and could trigger a downward market reversal. In that case, I expect the pair to fall toward 1.1745 and then down to 1.1705. What's on the Chart:Thin green line – entry price at which the instrument can be bought. Thick green line – suggested price for taking profit or manually securing profits, as further growth above this level is unlikely. Thin red line – entry price at which the instrument can be sold. Thick red line – suggested price for taking profit or manually securing profits, as further decline below this level is unlikely. MACD indicator: When entering the market, it is important to refer to overbought and oversold areas. Important. Beginner forex traders should exercise extreme caution when making entry decisions. Before important fundamental reports, it is best to stay out of the market to avoid sharp price swings. If you decide to trade during the release of news, always use stop-loss orders to minimize losses. Without stop-losses, you can quickly lose your entire deposit, especially if you don't use money management and trade large volumes. And remember: for successful trading, you need a clear trading plan, as I described above. Making spontaneous trading decisions based on the current market situation from moment to moment is a losing strategy for an intraday trader. The material has been provided by InstaForex Company - www.instaforex.com

The U.S. dollar continues to face challenges, but weak economic data from the eurozone and the United Kingdom are also limiting the upward potential of risk assets. Yesterday, a sharp drop in the U.S. Consumer Confidence Index for September led to dollar weakness and supported the euro. The index came in significantly below analyst expectations, which were more optimistic. This unexpected decline raised fresh concerns about the economic outlook for the United States and, as a result, put pressure on the U.S. dollar. The euro, in contrast, showed resilience and strengthened against the greenback. Today is expected to be a busy day with numerous macroeconomic events that could significantly impact financial markets. At center stage will be the release of eurozone manufacturing PMI data, the Consumer Price Index (CPI), and core inflation. Weak readings on any of these indicators could heighten concerns about the current state and prospects of the eurozone economy. In particular, investors will not only consider the overall level of inflation but also the core component, which excludes volatile elements such as energy and food prices. A decline in core prices could help the European Central Bank finalize its interest rate decision for the remainder of the year. Another key event will be the speech by Bundesbank President Joachim Nagel. His comments on the current economic situation, inflation outlook, and future monetary policy of the ECB could significantly influence the euro's exchange rate and market sentiment. As for the British pound, focus will be on the release of the UK manufacturing PMI. Economists are closely watching this leading indicator of economic performance. In recent months, the manufacturing sector has shown mixed results, and today's release may provide further clarity on its outlook. A strong report would support GBP and indicate economic resilience, while weak data may deepen recession fears. If the data meet economists' expectations, a Mean Reversion strategy is more appropriate. However, if the data deviates significantly from forecasts, it may be better to use a Momentum (breakout) strategy. Momentum Strategy (Breakout):EUR/USDBuy on breakout above 1.1770, targeting 1.1800 and 1.1820Sell on breakout below 1.1740, targeting 1.1711 and 1.1680GBP/USDBuy on breakout above 1.3475, targeting 1.3495 and 1.3532Sell on breakout below 1.3445, targeting 1.3405 and 1.3370USD/JPYBuy on breakout above 147.60, targeting 148.00 and 148.30Sell on breakout below 147.35, targeting 147.00 and 146.70Mean Reversion Strategy (Pullbacks): EUR/USDSell after a failed breakout above 1.1774, looking for a return below that levelBuy after a failed breakout below 1.1737, on a return back above that level GBP/USDSell after a failed breakout above 1.3476, on a return below that levelBuy after a failed breakout below 1.3435, on a return back above that level AUD/USDSell after a failed breakout above 0.6628, on a return below that levelBuy after a failed breakout below 0.6583, on a return back above that level USD/CADSell after a failed breakout above 1.3939, on a return below that levelBuy after a failed breakout below 1.3904, on a return back above that levelThe material has been provided by InstaForex Company - www.instaforex.com

Bitcoin (BTC) continues to navigate a phase of consolidation, hovering just above $113,000, leaving investors uncertain about the BTC’s next move. This uncertainty has led one analyst, known for accurately predicting BTC’s trajectory during this cycle, to suggest that a new bear market may be closer than many investors anticipate. Bear Market Warning In a recent post on social media platform X (formerly Twitter), the analyst, who goes by the name Doctor Profit, expressed ongoing confidence in his bearish outlook. Since adopting a negative stance in August, he has maintained that Bitcoin is likely to reach the $90,000 to $94,000 range. While he initially expected this target to be hit this month, he noted that the price has spent an average of 77% of the time below his short position entry point of $115,500. This has reinforced his belief in the validity of his analysis. Doctor Profit emphasized that the critical test for BTC involves the $90,000 to $94,000 range. He predicts that not only will this level be tested, but there is a strong possibility that Bitcoin could break below it, effectively signaling the end of the current bull market. While the probability of a bear market is alarmingly high, Doctor Profit insists that confirmation hinges on how Bitcoin reacts within this key price band. He clarified that reaching this target does not need to happen immediately, nor does a temporary bounce back to $116,000 or $117,000 invalidate his bearish thesis. The analyst views any upward price movements, such as the mid-September surge to $117,800, as mere opportunities to enter short positions at more favorable levels, instead of being signals of a new bullish catalyst. 4 Key Indicators For The Bitcoin Price Analytics platform CryptoQuant has identified four critical indicators to watch based on on-chain data. Notably, Tether’s USDT market cap has seen a substantial increase of $10 billion over the past 60 days, signaling fresh liquidity entering the market, which is typically a positive sign during bullish phases. Moreover, the Stablecoin Supply Ratio (SSR) RSI currently sits at 21, which indicates a “buy” signal. This metric assesses the buying power of stablecoins in relation to Bitcoin’s market cap. Additionally, the number of accumulator addresses, which are wallets that have made multiple purchases of the leading cryptocurrency without selling, has reached an all-time high of 298,000 BTC. Conversely, the Inter-Exchange Flow Pulse (IFP), which tracks Bitcoin flows between spot and derivatives exchanges, is currently trending downward—an indicator commonly associated with bearish market conditions. Featured image from DALL-E, chart from TradingView.com

Macroeconomic Report Analysis: Several macroeconomic reports are scheduled for release on Wednesday. The most important among them are the U.S. ISM Manufacturing PMI and euro area inflation. It's worth noting that although inflation no longer has a major direct impact on ECB monetary policy decisions, a high reading could significantly reduce the likelihood of further rate cuts — and perhaps even increase the chance of future rate hikes. Therefore, high inflation in the eurozone is considered a positive factor for the euro. The ISM Manufacturing PMI is a critical standalone indicator. Also scheduled for release in the U.S. is the ADP employment report. However, traders tend to place greater importance on the Nonfarm Payrolls report. Fundamental Events Analysis: A few fundamental events are scheduled for Wednesday — mostly speeches by ECB officials. However, it's worth noting that ECB and Fed representatives gave several interviews on Monday and Tuesday, which had virtually no impact on the movement of major currency pairs. As such, today's speeches are also unlikely to trigger meaningful moves in the euro. The market is in a state of waiting — waiting for developments in the government shutdown and for the release of U.S. labor and unemployment data. General Conclusions:On the third trading day of the week, both currency pairs (EUR/USD and GBP/USD) may move in either direction, as significant macroeconomic data is scheduled for release. GBP/USD has completed its downward trend, and with high probability, the euro has also concluded its bearish phase (though it has not yet broken through its trendline). For the euro, the pivotal area is 1.1745–1.1754, from which price has bounced four times already. For the pound, important areas for trade entries are 1.3413–1.3421 and 1.3466–1.3475. Key Trading System Rules:The strength of a signal is determined by how quickly the signal forms (rejection or breakout of a level). The shorter the time, the stronger the signal.If false signals triggered two or more trades at the same level, all subsequent signals from that level should be ignored.During a flat (sideways market), false signals are common or nonexistent. Either way, it's best to stop trading at the first sign of range-bound movements.Trades should be opened between the start of the European session and the middle of the U.S. session. All trades must be manually closed after that time.On the 1H time frame, MACD indicator signals should be used only during trending markets and when supported by a trendline or channel.If two levels are too close to each other (5 to 20 pips apart), treat them as a single support or resistance zone.Once a trade moves 15-20 pips in the desired direction, the Stop Loss should be moved to breakeven.Key Chart Elements:Support and resistance price levels: Targets to consider when opening buy or sell trades. Potential take-profit levels can be placed near them. Red lines: Trendlines or channels indicating the current market direction and preferred trading bias. MACD (14,22,3) indicator: Histogram and signal line used as a secondary signal generator. Important speeches and news reports (always listed in economic calendars) can have a strong impact on currency movement. Therefore, during such releases, it is advisable to either trade with extreme caution or exit the market altogether to avoid sharp reversals against the prior trend. Note for beginners: Not every trade can be profitable. Developing a clear strategy and adhering to solid money management principles is the key to long-term success in forex trading. The material has been provided by InstaForex Company - www.instaforex.com

Bitcoin (BTC) showed resilience over the last weekend as it defended the crucial $108,000 support level amid heightened whale selling on leading crypto exchanges around the world, including Binance. Bitcoin Survives September Whale Selling Pressure According to a CryptoQuant Quicktake post by contributor Arab Chain, September was marked by clear fluctuations between Bitcoin’s attempts to rally and exposure to selling pressure by whales and long-term holders. Binance trading volume data confirms this. Arab Chain highlighted Binance’s Exchange Inflow Coins Days Destroyed (CDD) indicator, which showed significant volatility throughout September. The indicator recorded multiple peaks at various points during the month, especially during mid-September. For the uninitiated, the Exchange CDD indicator tracks the movement of older, long-held Bitcoin when it flows into exchanges, weighting transactions by the age of the coins being spent. Spikes in this indicator signal that long-term holders or whales are moving coins with the intent to sell, which can create selling pressure. It is worth noting that despite the high peaks hit in September, the Exchange CDD indicator did not reach the extreme levels that it did in the previous months. However, the repeated spikes seen in September indicate inflows from older wallets into Binance. The CryptoQuant analyst stated that the multiple spikes in the Exchange CDD indicator reflect a state of caution among long-term investors. Some of these investors tried to test the market by moving their BTC to the exchange, without turning it into a mass sell-off event. Another point worth emphasizing is that the Exchange CDD spikes often coincided with price pullbacks in BTC, reinforcing the hypothesis that these flows likely represent short-term selling pressure. The analyst added: However, these pressures did not lead to a breakdown of key support levels around $108K, indicating the presence of corresponding buying liquidity that absorbed these moves. In conclusion, although some long-term investors showed willingness to take some profits, the absence of large waves of sell-offs shows that they have not fully lost confidence in the market yet. Similarly, Bitcoin’s price remaining above $108,000 despite repeated selling pressure shows that the market still possesses the capacity to absorb BTC inflows, confirming the robust underlying demand for the top digital asset. What Does October Hold For BTC? In a separate CryptoQuant post, analyst crypto sunmoon remarked that past data suggests that a surge in taker buy orders has often preceded major Bitcoin bull runs. However, currently, there are no signs of any increase in taker buy orders. The analyst added that even if BTC witnesses some price increase, it is unlikely to record the same magnitude of gains as before. That said, improving Bitcoin network fundamentals offers some hope to the bulls. For instance, Bitcoin network transactions are once again approaching the important 600,000 transactions threshold, which could spark bullish momentum for the digital asset. At press time, BTC trades at $113,200, down 0.6% in the past 24 hours.