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Wednesday Trade Review:1H Chart of GBP/USD The GBP/USD pair dropped sharply and unexpectedly once again. There was no macroeconomic or fundamental news yesterday, but over the last two days, speeches from the heads of the Bank of England and the Federal Reserve may have prompted the fall of the British pound. We believe the issue was not so much in the rhetoric of Bailey or Powell, but in the market's interpretation of their statements. For example, many think Powell "closed the door" to aggressive monetary easing. Maybe he did—but the Fed never really opened that door in the first place. The market came up with this narrative on its own, and then became disappointed. The same goes for Andrew Bailey's words. The BoE governor only allowed that the key rate could be reduced further if inflation slows. The market took this as a "dovish" hint, ignoring the fact that inflation in the UK has been rising for a year and is now double the regulator's target. Therefore, the pair's decline was simply due to the market interpreting the facts in a manner that suited it. 5M Chart of GBP/USD On the 5-minute timeframe on Wednesday, a good sell signal formed overnight. By the time the European session opened, the price had only moved nine pips away from where the signal formed, so it made sense to open a short then. Subsequently, the price broke through the 1.3466–1.3475 area and missed the 1.3421 level by only four pips. In any case, novice traders had ample time and opportunity to close shorts at a profit. How to Trade on Thursday:On the hourly chart, GBP/USD has settled below the trendline, indicating a potential technical correction after weeks of gains. As we've said, there is no basis for dollar strength, so we expect the medium-term move to remain upward. The daily chart clearly shows the main trend. On Thursday, the pair could resume its decline. A bounce from the 1.3466–1.3475 area would allow for new shorts targeting 1.3413–1.3421. Long trades can be considered if the price closes above 1.3466–1.3475, with a target of 1.3529–1.3543. On the 5-minute timeframe, you can currently trade around the following levels: 1.3102–1.3107, 1.3203–1.3211, 1.3259, 1.3329–1.3331, 1.3413–1.3421, 1.3466–1.3475, 1.3529–1.3543, 1.3574–1.3590, 1.3643–1.3652, 1.3682, 1.3763. Thursday brings an empty calendar for the UK, but two notable releases from the US are scheduled: Q2 GDP (final estimate) and durable goods orders. Core Trading System Rules:Signal Strength: The shorter the time it takes for a signal to form (a rebound or breakout), the stronger the signal.False Signals: If two or more trades near a level result in false signals, subsequent signals from that level should be ignored.Flat Markets: In flat conditions, pairs may generate many false signals or none at all. It's better to stop trading at the first signs of a flat market.Trading Hours: Open trades between the start of the European session and the middle of the US session, then manually close all trades.MACD Signals: On the hourly timeframe, trade MACD signals only during periods of good volatility and a clear trend confirmed by trendlines or trend channels.Close Levels: If two levels are too close (5–20 pips apart), treat them as a support or resistance zone.Stop Loss: Set a Stop Loss to breakeven after the price moves 20 pips in the desired direction.Key Chart Elements:Support and Resistance Levels: These are target levels for opening or closing positions and can also serve as points for placing Take Profit orders. Red Lines: Channels or trendlines indicating the current trend and the preferred direction for trading. MACD Indicator (14,22,3): A histogram and signal line used as a supplementary source of trading signals. Important Events and Reports: Found in the economic calendar, these can heavily influence price movements. Exercise caution or exit the market during their release to avoid sharp reversals. Forex trading beginners should remember that not every trade will be profitable. Developing a clear strategy and practicing proper money management are essential for long-term trading success. The material has been provided by InstaForex Company - www.instaforex.com

Wednesday Trade Review:1H Chart of EUR/USD On Wednesday, the EUR/USD currency pair fell unexpectedly and even consolidated below the ascending trendline. In fact, the recent decline in the pair occurred for no clear reason. We didn't see and still don't see any solid fundamental or macroeconomic grounds for the euro's drop, especially yesterday. Nevertheless, the technical picture is now bearish, but not everything is so straightforward. The 1.1737 level has halted the euro's decline for the second time. Therefore, we believe the fall may finish here. Traders are in a favorable position now: if the price breaks below 1.1737, everything will become clear—the trend has turned bearish and a sell signal has been formed. However, if the pair rebounds from this level, we'd also consider longs, because there are hardly any reasons for a continued drop. Yesterday, there was no major macroeconomic or fundamental news out of the Eurozone or the US, so technical and market factors drove the downward movement. 5M Chart of EUR/USD On the 5-minute timeframe on Wednesday, there was precisely one trade signal, but it was enough for novice traders to make a decent profit. During the Asian and early European sessions, price formed a signal near 1.1808, from where it dropped to the 1.1737–1.1745 area, where the fall halted for now. Thus, about 50 pips could have been earned on this single trade. How to Trade on Thursday:On the hourly timeframe, EUR/USD still maintains excellent upside potential despite breaking below the trendline. The dollar's fundamental and macro backdrop remains very weak, so we still do not expect any strong USD appreciation. In our view, as before, the dollar can only count on technical corrections, one of which we've been observing over the past week. The FOMC meeting did absolutely nothing to change the greenback's outlook. On Thursday, the EUR/USD may resume its upward move, as most factors still favor the euro only if the pair breaks below the 1.1737–1.1745 area (targeting 1.1655–1.1666) should a further drop be expected. For the 5-minute chart, watch these levels: 1.1354–1.1363, 1.1413, 1.1455–1.1474, 1.1527, 1.1571–1.1584, 1.1655–1.1666, 1.1737–1.1745, 1.1808, 1.1851, 1.1908, 1.1970–1.1988. On Thursday, the main events to watch are the US reports on durable goods orders and the third estimate of Q2 GDP. These figures could prompt a market reaction. Core Trading System Rules:Signal Strength: The shorter the time it takes for a signal to form (a rebound or breakout), the stronger the signal.False Signals: If two or more trades near a level result in false signals, subsequent signals from that level should be ignored.Flat Markets: In flat conditions, pairs may generate many false signals or none at all. It's better to stop trading at the first signs of a flat market.Trading Hours: Open trades between the start of the European session and the middle of the US session, then manually close all trades.MACD Signals: On the hourly timeframe, trade MACD signals only during periods of good volatility and a clear trend confirmed by trendlines or trend channels.Close Levels: If two levels are too close (5–20 pips apart), treat them as a support or resistance zone.Stop Loss: Set a Stop Loss to breakeven after the price moves 15 pips in the desired direction.Key Chart Elements:Support and Resistance Levels: These are target levels for opening or closing positions and can also serve as points for placing Take Profit orders. Red Lines: Channels or trendlines indicating the current trend and the preferred direction for trading. MACD Indicator (14,22,3): A histogram and signal line used as a supplementary source of trading signals. Important Events and Reports: Found in the economic calendar, these can heavily influence price movements. Exercise caution or exit the market during their release to avoid sharp reversals. Forex trading beginners should remember that not every trade will be profitable. Developing a clear strategy and practicing proper money management are essential for long-term trading success. The material has been provided by InstaForex Company - www.instaforex.com

The euro is trading around 1.1744 under bearish pressure after an unsuccessful attempt to break out of the downtrend channel. EUR/USD is now trading below the 38- and 200-period moving averages. The euro could find strong support around the 8/8 Murray level for a recovery. If the price falls below this level, the euro could continue its decline to the bottom of the downtrend channel around 1.1630. Conversely, if the euro breaks and consolidates above 1.1773, we could expect it to resume its long-term bullish cycle, which could push EUR/USD up to +1/8 Murray level around 1.1840. The Eagle indicator is showing a negative signal, so we believe the euro could continue its decline to the 7/8 Murray level support around 1.1596. In the short term, our outlook remains negative for the euro, and it could fall to the psychological level of 1.15. The material has been provided by InstaForex Company - www.instaforex.com

Bitcoin is trading around 112,500, an important support area where we believe it could resume its bullish cycle in the coming hours, only if the price consolidates above this area. If Bitcoin sharply breaks the bearish trend channel, we could expect it to reach the 200 EMA around 114,253 and even reach the 5/8 Murray level around 115,625. Since September 16th, Bitcoin has been trading within a bearish trend channel formed between the high of 118,000 and the low of 111,000. Bitcoin will likely continue to fall in the coming days until it reaches the 3/8 Murray level around the psychological level of $110,000. The Eagle indicator is showing overbought signals and pointing to a deeper decline for Bitcoin in the short term. The key is to watch for the price to trade below 113,261. Then, we will make up a trading plan to sell. The material has been provided by InstaForex Company - www.instaforex.com

Yesterday, the euro dropped by 76 pips on rising volumes, as the S&P 500 fell by 0.28%. Market participants paid closer attention to Jerome Powell's remarks and realized there would be no two rate cuts by year-end. Investors, out of inertia, kept October cut expectations high (97.4%), but reduced the probability for December from 81.3% to 72.5%. US Treasury yields increased slightly. Today, data will be released on August durable goods orders (forecast: -0.3%), the final Q2 GDP estimate (expected unchanged at 3.3% y/y), weekly jobless claims (expected up from 231k to 233k), and the core personal consumption expenditures price index for Q2 (forecast 2.5% versus 3.5% previously). It appears that these prints are unlikely to reverse a market already sliding into crisis correlation. A key support for the euro is the daily MACD line (1.1717). A close below this level could trigger a medium-term decline in the euro. The downside target is 1.1605. Beyond that, the next target could be 1.1495 (the June 5 high). The Marlin oscillator's signal line has approached the boundary of the bearish zone, but has not yet crossed it. The situation is developing where both price and oscillator may move below their respective supports simultaneously—but this would require a bit more consolidation. On the four-hour chart, the overall situation is bearish, as price trades below the indicator lines and the Marlin oscillator stays in negative territory. However, the oscillator is slightly rising, which sets the stage for consolidation. Markets await this evening's US data. The material has been provided by InstaForex Company - www.instaforex.com

The pound sterling has forcefully reversed downward from the 1.3525 level. Yesterday's candle closed below the balance line, and the Marlin oscillator has moved deeper into negative territory. The nearest target at 1.3364 is now open, and the pound continues to weaken. Consolidating below this level would open the way to the next target at 1.3253. On the four-hour chart, price and oscillator have formed a divergence. This does not signal a trend reversal (given the broader context), but it does suggest a possible correction of some kind. However, since Marlin has spiked upward and is likely to lose momentum soon, any correction is unlikely to be deep, so we expect a period of consolidation. The material has been provided by InstaForex Company - www.instaforex.com

Natural Gas (NG) Natural gas quotes are hovering around the 2.847 level (the April 28 low), with some risk of an upward move, as yesterday's daily candle closed above this level. However, this is just one sign of potential growth—and a weak one—since the candle body is small. This consolidation could turn out to be a false breakout. Stronger downward pressure on price comes from its development below the MACD line and the continued position of the Marlin oscillator in negative territory. A return and close below 2.847 will pave the way for a target support level at 2.643. Below that, price could head for the 2.145–2.223 range (the October 2024 low). On the four-hour chart, the trend is completely bearish, with the Marlin oscillator being the only indicator moving into bullish territory. But this is a weak signal for now and could quickly disappear if the price drops back below 2.847. This evening, a set of key US economic data is due (GDP, durable goods orders, jobless claims, and quarterly personal spending). Forecasts for these releases are borderline; even a slight softness in the numbers could be enough to pull commodity prices lower. The material has been provided by InstaForex Company - www.instaforex.com

XRP price attempted a recovery wave above the $2.850 zone. The price is now struggling to clear $3.00 and might decline again below the $2.80 zone. XRP price is moving lower below the $2.920 support zone. The price is now trading near $2.90 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $2.850 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could continue to move down if it dips below $2.850. XRP Price Faces Hurdles XRP price found support near $2.680 and recently started a recovery wave, beating Bitcoin and Ethereum. The price was able to surpass the $2.80 and $2.85 resistance levels. The bulls pushed the price above the 50% Fib retracement level of the main decline from the $3.138 swing high to the $2.678 low. However, the bears are active near the $3.00 resistance. The price faced rejection near $3.00 and reacted to the downside. The price is now trading near $2.90 and the 100-hourly Simple Moving Average. Besides, there is a connecting bullish trend line forming with support at $2.850 on the hourly chart of the XRP/USD pair. On the upside, the price might face resistance near the $2.95 level. The first major resistance is near the $2.9620 level and the 61.8% Fib retracement level of the main decline from the $3.138 swing high to the $2.678 low. A clear move above the $2.9620 resistance might send the price toward the $3.00 resistance. Any more gains might send the price toward the $3.050 resistance. The next major hurdle for the bulls might be near $3.120. Another Decline? If XRP fails to clear the $2.9620 resistance zone, it could continue to move down. Initial support on the downside is near the $2.880 level. The next major support is near the $2.850 level and the trend line. If there is a downside break and a close below the $2.850 level, the price might continue to decline toward $2.780. The next major support sits near the $2.70 zone, below which the price could gain bearish momentum. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $2.880 and $2.850. Major Resistance Levels – $2.9620 and $3.00.

As Bitcoin (BTC) continues to remain range-bound between $110,000 – $115,000, data from crypto exchanges seems divided toward the leading cryptocurrency. While Binance traders are exhibiting a bullish stance, traders from other exchanges are still showing a degree of hesitation. Binance Traders Expecting Bitcoin Price Surge According to a CryptoQuant Quicktake post by contributor Crazzyblockk, fresh derivatives data from Binance is signaling shifting market dynamics – specifically, the recent BTC funding rate on Binance points toward traders taking a bullish stance. On the contrary, the BTC funding rate from other exchanges, such as OKX, Bybit, and Deribit, suggests that traders on these platforms are still uncertain about taking any directional bet. As of September 23, the BTC perpetual funding rate on Binance climbed to +0.0084%, suggesting that the long positions are dominant and traders are willing to pay a premium to maintain their bullish bets. It is worth highlighting that the increase in funding rate is not an isolated event, as it suggests a positive seven-day change, indicating strengthening conviction among Binance traders. For comparison, the BTC funding rate on OKX is currently hovering at -0.0001%, while on Bybit it sits at 0.0015%. Finally, Deribit shows a funding rate of 0.0019%. The analyst added: This isn’t just a difference in numbers; it’s a difference in narrative. While funding rates on OKX and Bybit have actually decreased over the last seven days, Binance’s rate has climbed. For the uninitiated, funding rates can be viewed as a real-time gauge of trader sentiment in the perpetual swaps market. A strong positive rate like that of Binance, which diverges from the rest of the market, points toward aggressive bullish speculation. Is BTC About To Make A Move? In a separate CryptoQuant post, contributor XWIN Research Japan noted that Bitcoin’s implied volatility has dropped to its lowest level since 2023. Back then, the lull in the market was followed by an explosive rally of 325%, which propelled BTC from $29,000 to $124,000. The analyst added that the total Bitcoin exchange reserves continue to deplete at a rapid pace, hitting new multi-year lows. Historically, such a fall in BTC exchange reserves has preceded supply squeezes, leading to a dramatic rise in demand. That said, the overall sentiment toward BTC appears to be cold at present. The Bitcoin Fear & Greed Index suggests that investors are fearful of entering the market, which may offer a good opportunity to accumulate BTC at current market prices. However, fresh data from BTC wallets confirms that new wallets – those that are less than a month old – are starting to buy the top digital asset. At press time, BTC trades at $113,796, up 1% in the past 24 hours.

Ethereum price started a fresh decline below $4,120. ETH is now struggling and might decline further if it breaks the $4,050 support zone. Ethereum failed to extend gains and declined below the $4,150 zone. The price is trading below $4,150 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $4,360 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it settles below $4,050 and $4,000. Ethereum Price Dips Again Ethereum price remained in a bearish zone after it settled below $4,450, like Bitcoin. ETH price declined below the $4,320 and $4,300 support levels. The bears even pushed the price below $4,120. A low was formed at $4,000 and the price recently started a minor recovery wave. There was a move above the 23.6% Fib retracement level of the downward wave from the $4,635 swing high to the $4,000 low. However, the bears remained active near the $4,250 resistance zone and pushed the price lower again. Ethereum price is now trading below $4,150 and the 100-hourly Simple Moving Average. Besides, there is a key bearish trend line forming with resistance at $4,360 on the hourly chart of ETH/USD. On the upside, the price could face resistance near the $4,150 level. The next key resistance is near the $4,220 level. The first major resistance is near the $4,250 level. A clear move above the $4,250 resistance might send the price toward the $4,350 resistance and the trend line. An upside break above the $4,360 region might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $4,450 resistance zone or even $4,550 in the near term. Downside Extension In ETH? If Ethereum fails to clear the $4,220 resistance, it could start a fresh decline. Initial support on the downside is near the $4,050 level. The first major support sits near the $4,000 zone. A clear move below the $4,000 support might push the price toward the $3,880 support. Any more losses might send the price toward the $3,820 region in the near term. The next key support sits at $3,750. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $4,050 Major Resistance Level – $4,220

Log in to today's North American session Market wrap for September 24 Today’s session saw a softer tone across equities, with decent profit-taking emerging as Rosh Hashanah (Shana Tovah!) holidays wind down, volumes come back and the Jewish calendar year begins. The pullback comes after a strong week for risk assets, with traders opting to lock in gains before fresh catalysts arrive. In terms of news flow, markets are still digesting the latest speeches from Powell and Trump’s UN appearance. Powell’s balanced remarks reinforced that the Fed is not rushing deeper into dovish territory, while Trump’s address sharpened focus on global energy and trade — with the most recent development being a Gaza proposal that added another layer of geopolitical complexity. The US Dollar extended its rebound, climbing against majors as DXY retraced to early September levels, driven by safe-haven flows and firm labor data. WTI was also one of the key outperformer amid Europe’s move to further diverge from Russian oil, while Trump’s comments accusing buyers of “funding the war against themselves” underscored the shifting energy dynamics. On geopolitics, Ukraine headlines remained in focus with Zelenskiy praising renewed US support and Trump stressing that “Ukraine is in position to fight, win, and take all of Ukraine back.” Read More:Europe moves to diverge from Russian oil – WTI outlookCryptos regain some momentum dragged higher by a strong BitcoinUS Dollar strengthening, but an overall confused market — North American mid-week Market updateCross-Assets Daily Performance Cross-Asset Daily Performance, September 24, 2025 – Source: TradingView The only big market movers from today's session have been energy commodities, particularly Oil coming back from another downfall. For the rest, there is an interesting move happening in Cryptocurrencies corroborating with the profit-taking happening over there (Look at ETH). Keep an eye on risk-sentiment and the profit-taking from the previous session. A picture of today's performance for major currencies Currency Performance, September 24 – Source: OANDA Labs Charts and a switch of dynamics seem to put the greenback back to the table – After such selling flows the previous weeks, it seems that it's not going to be as straightforward, but overall, currency markets seem to be offering some interesting views. US Dollar up, Euro currencies holding strong overall – Market tides seem to be looking for some change. A look at Economic data releasing in tonight and tomorrow's sessions For all market-moving economic releases and events, see the MarketPulse Economic Calendar. Get ready for an army of Central bank speakers, particularly for the FED with Goolsbee, Williams, Schmid, Bowman, Barr and Daly – Get ready for some market moving information now that upcoming FED meetings are live (and priced in for gradual cuts). Safe Trades and Shana Tovah! 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. 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.

American Tungsten (CSE:TUNG) (OTCQB:TUNGF) announced Wednesday it has signed a Letter of Intent (LOI) with its US-based offtake partner, Global Tungsten & Powders, one of the largest tungsten processors in the world. The company is advancing its Ima tungsten project in Idaho, a past-producing underground tungsten mine situated on 22 patented claims located in east central Idaho. Between 1945 and 1957, the property produced approximately 199,449 metric ton units of tungsten trioxide (WO3). It was subsequently explored for molybdenum and tungsten by various operators between 1960 and 2008. In July, American Tungsten secured preliminary approval for its site remediation plan, which focuses on restoring the existing infrastructure to support future production goals. In May, it kicked off construction and building work to support exploration and mine planning at the Ima project. IMA rehabilitation progress The company reported Wednesday a total of 115 feet of the Zero Level access tunnel has now been successfully rehabilitated, measured from the portal entrance. Rehabilitation efforts are now within the heart of the main collapsed zone, currently estimated to span approximately 50 feet, the company said. A site visit was conducted this month to review the Zero Level rehab work, the D Level underground workings, the historic tailings area across the road from the canyon, and the broader site area. The MSHA inspector expressed confidence in the site’s progress, the company said, adding that a radon measurement taken within the tunnel yielded a zero reading, affirming a safe working environment. “Our strategic agreement with Global Tungsten & Powders marks a pivotal milestone in our emergence as a leading domestic supplier of high-grade tungsten,” American Tungsten CEO Ali Haji said in a news release. “This LOI not only affirms robust market demand but also reflects the deep confidence our partners place in our technical capabilities and long-term vision.” “With this partnership in place, American Tungsten remains firmly on track for near-term production and a full-scale restart of the IMA Mine—delivering on our promise to build a resilient, future-ready supply chain for this critical mineral,” Haji said. Work on the zero level tunnel is approximately 80% complete, Haji added. American Tungsten’s stock was up 6.8% in Toronto at market close. The company has a C$62.8 million ($45.2m) market capitalization.

Most Read: Gold's (XAU/USD) Bull Run Just Getting Started? A Look at What History Says The U.S. stock market slipped on Wednesday, just a day after it had closed higher for three straight sessions. Traders seemed to be weighing what Fed Chair Jerome Powell said, and they also were waiting for more data later in the week. Investors are moving carefully, because the central bank tries to juggle inflation worries while a softening job market looms. Powell noted on Tuesday that asset prices look fairly over‑valued. His peers split on the policy path, and the chair kept stressing the tightrope the Fed must walk. The S&P 500 energy sub‑index rose about 2%, helped by rising crude oil prices. Consumer discretionary stocks nudged up 0.5%. Heavy‑weight tech, however, slipped around seven‑tenths of a percent, with Apple and Nvidia each losing just over 1%. Data posted Wednesday showed new‑home sales for single‑family houses jumped 20.5 % in August, far above expectations. If the housing market is starting to regain some life, the Fed might read that as a sign there’s less room to lower rates. US–listed Chinese firms also climbed, led by an almost nine percent jump in Alibaba after it announced a tie‑up with Nvidia. Lithium Americas shares nearly doubled after a report said the government might seek a ten percent equity stake. Talks are ongoing for a loan over $2.26 billion to fund the Thacker Pass project with General Motors, which itself rose a little over 1%. UBS even upgraded GM to “buy” from “neutral”. Micron Technology fell four percent after its quarterly numbers came out. Oracle slipped three and a half percent after a story that the company plans to raise fifteen billion dollars in bonds. Freeport‑McMoRan tumbled eleven point seven percent, citing lower copper and gold sales for the third quarter. Overall, the market shows mixed signals – optimism in some sectors, caution in others – and investors seem to be waiting for clearer direction. Time will tell what's next. A Case for the Rally to Continue There has been a lot of talk around valuations of late with Fed Chair Powell having his say as well. However, looking at research by Goldman Sachs the S&P 500 is trading near fair value, and earnings growth is set to underpin further upside as the economy gains momentum into next year. Source: IsabelNet, Goldman Sachs On the flip side, Most S&P 500 sectors are valued above their historical averages. This indicates optimism around earnings and macroeconomic stability, though it also heightens the risk of a pullback if growth falters. Source: IsabelNet, Goldman Sachs Given the concerns around growth in the second half of the year this may be something that could come into play as we gear up for earnings season once more. However if the AI wave continues to drive on, that could offset losses in some sectors especially when it comes to US Indexes. Looking at the short-term, the end of September is usually a bad time for US stocks. This was also the case for September in general, but markets have shrugged that off this year. The question now heading into the last week of the month is whether a pullback will materialize? Source: Carson Research, IsabelNet Looking Ahead Market participants will now focus on personal consumption expenditures data, the Fed's preferred inflation gauge, due for release later this week. There is also a host of Fed speakers sharing their thoughts on monetary policy moving forward as well as University of Michigan sentiment data which will be released on Friday. For all market-moving economic releases and events, see the MarketPulse Economic Calendar. (click to enlarge) Technical Analysis - Nasdaq 100 From a technical perspective, the Nasdaq 100 has had a change of structure on the four-hour chart. the index has now printed a lower high and lower low but has run into the ascending trendline from the beginning of September. This does leave the Nasdaq in an interesting position for the rest of the week. The period-14 RSI has dipped below the 50 level which also signals a shift to bearish momentum. Immediate resistance rests at 24667 before the all-time high comes back into focus. Keep an eye on the RSI, if it moves back above the 50 level it could be seen as a sign that bulls have returned and fresh highs may be on the horizon. A trendline break opens up the potential for a deeper retracement toward the 24200 before the confluence level at 24000 comes into focus. Nasdaq 100 Four-Hour Chart, September 24, 2025 Source: TradingView (click to enlarge) Follow Zain on Twitter/X for Additional Market News and Insights @zvawda Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2025 OANDA Business Information & Services Inc.

Kraken is making headlines after donating $1 million to the Digital Freedom PAC, a group that supports pro-Trump causes. The company is also matching that donation with another $1 million to America First Digital. Arjun Sethi, the co-CEO of Kraken, says this isn’t just about politics. For him, it’s part of a wider fight to protect the core values behind crypto. That includes keeping control of your own funds, using privacy tools freely, and pushing back against regulations that seem unclear or unfair. Sethi Calls It a Battle for Financial Freedom Sethi explained the donation by pointing to what he sees as growing threats to crypto. He says some regulators are trying to scare people away from using basic tools that help them stay private. In his view, the line is being crossed when people are treated like criminals just for using crypto wallets or privacy software. He also made it clear that this is more than a tech issue. It touches on personal freedom and even constitutional rights. Kraken’s move is, in his eyes, a stand for those principles. DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025 Strategic Political Alignment This marks a new direction for Kraken’s political involvement. Rather than just pushing back quietly or supporting trade groups, Kraken is stepping directly into the ring. Backing PACs tied to conservative movements signals a clear bet: that their values and crypto’s values are starting to align. BitcoinPriceMarket CapBTC$2.23T24h7d30d1yAll time Instead of reacting to rules after they’re made, Kraken is trying to influence who writes the rules in the first place. It’s a much more direct approach than most crypto firms have taken so far. DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in September2025 Reaction from the Crypto Industry People across the crypto space had strong reactions. Some supported the move right away, calling it bold and necessary. Tyler Winklevoss was one of the big names who spoke up in favor. Others, though, are worried about mixing politics and business too closely. With such a politically charged donation, there’s always a risk of dividing users or drawing fire from regulators. But for now, Kraken seems ready to handle that pressure if it means pushing the conversation forward. What This Means for Crypto Policy This isn’t just about one company writing a check. It’s about how the entire industry might start thinking differently about politics. Kraken is opening the door for other crypto firms to get more involved, especially when it comes to protecting tools like self-custody wallets or peer-to-peer platforms. At the same time, it could make the space more politically charged. Whether that helps or hurts in the long run will depend on how both lawmakers and the public respond. Either way, Kraken wants a seat at the table where decisions are being made. DISCOVER: 20+ Next Crypto to Explode in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways Kraken donated $1 million to a pro-Trump PAC and matched it with another $1 million to America First Digital. Co-CEO Arjun Sethi says this move is about defending crypto values like privacy, self-custody, and personal freedom. This marks a shift in Kraken’s approach from trade group lobbying to direct political involvement. The crypto industry is split, with some praising the move and others concerned about political fallout. Kraken’s action could spark a trend of crypto firms stepping deeper into U.S. politics to protect their interests. The post Kraken Backs Pro‑Trump PAC with $1 Million in Crypto Policy Push appeared first on 99Bitcoins.

Seedify’s bridge has been hit by yet another major crypto exploit, and this time, it’s being tied to hackers from North Korea. Around $1.2 million in funds were drained after attackers found a way to mint fake SFUND tokens. Once they had those tokens in the system, they moved quickly, draining liquidity pools across different chains and swapping the fake assets for real ones. Most of the stolen value ended up on BNB Chain, making it tougher to follow. How the Attack Unfolded It started with a compromised private key. That was all the hackers needed to create unauthorized SFUND tokens, which they then pushed into liquidity pools on Ethereum, Arbitrum, and Base. After extracting real value, they bridged their gains to the BNB Chain. By spreading the attack across multiple networks and using different chains to clean the funds, they made it harder for anyone to track them down or stop the damage in real time. The Impact on SFUND The token didn’t stand a chance. SFUND’s value dropped by roughly 35% once word of the attack spread. Holders rushed to pull their money out, and confidence took a major hit. With fewer people willing to buy or hold the token, liquidity dried up almost instantly. The panic wasn’t just about the lost money, but about what the exploit meant for the future of the project and its overall security. DISCOVER: Best New Cryptocurrencies to Invest in 2025 Why Seedify Was a Target Seedify operates a cross-chain bridge that connects its ecosystem to several blockchains. That makes it useful for users, but also a tempting target for attackers. The more networks you support, the more complex the system becomes, and with that complexity comes more chances for something to go wrong. In this case, it looks like poor key management was all it took. The bridge handled high volumes of traffic across multiple chains, so any weak link in that system was going to be a big one. BnbPriceMarket CapBNB$148.25B24h7d30d1yAll time What This Says About DeFi Risks This is a reminder that even established crypto projects are vulnerable when it comes to bridges and smart contracts. Cross-chain tech is still maturing, and security gaps are everywhere. Once an attacker finds one, they don’t waste time. Projects may be decentralized, but they still rely on critical points of control. If something like a private key isn’t protected, the entire system can unravel in minutes. And when state-backed hackers get involved, the stakes are even higher. Groups tied to North Korea have been behind multiple crypto attacks in recent years, and this latest one fits the same pattern: fast, coordinated, and hard to trace. DISCOVER: 20+ Next Crypto to Explode in 2025 What Comes Next for Seedify Now the team has to clean up the mess. That means audits, transparency, and explaining what went wrong. They’ll probably need to offer recovery plans or compensation, especially if they want to win back trust. At the same time, they’ll need to strengthen everything behind the scenes, from how keys are stored to how permissions are managed across chains. People who lost money or are still holding SFUND will want answers. And they’ll want to see real progress before trusting the project again. What Observers Should Watch A few things matter here. First, how open Seedify is about the breach and what actions they take to prevent another. Second, whether anything is done to trace the stolen funds. Third, this would push other crypto projects to upgrade their own bridge security before something similar happens to them. This isn’t just about one project getting hit. It’s about whether crypto can build safer systems before more money is lost and more bad actors take advantage. DISCOVER: 20+ Next Crypto to Explode in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways North Korean-linked hackers exploited Seedify’s bridge to mint fake SFUND tokens and drained $1.2 million in real value. The attackers used a compromised private key to launch a cross-chain exploit across Ethereum, Arbitrum, Base, and BNB Chain. SFUND’s price crashed by around 35%, with liquidity drying up as panic spread and users exited quickly. Seedify’s cross-chain setup made it an attractive target, exposing the risks of poor key management and bridge vulnerabilities. The attack highlights growing concerns around DeFi security and the increasing involvement of state-sponsored hacking groups. The post North Korean Hackers Drain $1.2M from Seedify Bridge appeared first on 99Bitcoins.

Gold at Record Highs XauUsd Technical Analysis Gold (XAUUSD) has surged an astonishing 44.4% in 2025, climbing from a year-end close of $2,624 to reach fresh record high at $3.791. For traders, investors, and central banks alike, the question is simple: what’s driving this runaway train, and what could bring it to a halt? What Is Spot Gold? Spot gold refers to the current price of one troy ounce of pure gold for immediate delivery (typically settled within two business days). Unlike futures contracts, it reflects real-time supply and demand in the physical and financial markets. What’s Driving Gold’s Meteoric Rise? Expectations of U.S. Federal Reserve Rate Cuts The anticipation of lower U.S. interest rates has been a key trigger. Since gold doesn’t yield interest, lower rates reduce the opportunity cost of holding gold, making it more attractive as an investment. A Weaker U.S. Dollar Because spot gold is priced in dollars, a weaker greenback makes it cheaper for foreign buyers, fueling demand worldwide. Hedge Against Inflation Gold has long been seen as a hedge against inflation. With tariffs introduced by the Trump administration clouding the inflation outlook, investors are turning to gold to protect purchasing power. Central Bank Demand and Reserve Diversification Global central banks have been increasing gold purchases, diversifying away from the dollar to strengthen their reserves. This institutional demand adds a solid foundation to the uptrend. Geopolitical Risks The ongoing Ukraine war and conflicts in the Middle East have boosted safe-haven flows into gold, as investors seek security in uncertain times. Economic Uncertainty Despite booming U.S. equities, economic uncertainties at home and abroad are fueling gold demand. Interestingly, both U.S. stocks and gold are at record highs, suggesting they may be driven by the same catalyst: expectations of Fed easing. Investor Accessibility The rise of ETFs, online brokers, and digital platforms has made gold more accessible to both retail and institutional investors, adding further liquidity and support. XauUsd technical analysis What Could Stall or Reverse the Uptrend? No market goes up forever. Gold’s parabolic rise could paus,or even reverse under certain conditions: Cooling Inflation: If inflation moderates and tariff-driven price spikes prove temporary, gold’s appeal as a hedge could weaken. Slower Rate Cuts: Should the Fed move more cautiously than markets expect, the opportunity cost of holding gold rises. A Stronger U.S. Dollar: Any rebound in the dollar would make gold more expensive for non-dollar buyers, dampening demand. Easing Geopolitical Tensions: A reduction in global conflicts would lower safe-haven flows. Technical Resistance: Chart watchers note a pivotal level near $3,800. Failure to break higher could trigger a retracement or at least a pause.. Is Gold Becoming the Next Major Currency? Gold’s rally is being fueled by Fed policy expectations, dollar weakness, inflation concerns, central bank demand, and safe-haven buying. At the same time, the coexistence of record highs in both U.S. equities and gold reflects the market’s unusual dynamics, at least for now. While predicting a top in gold has been a losing bet, traders should watch the $3,800 level closely. Any stall here could spark a retracement, though buyers will likely emerge on dips given the host of supportive factors. For now, the Fed’s next move may hold the key, as it will shape interest rates, the dollar, and broader risk sentiment. Until then, gold remains firmly in the spotlight as one of 2025’s star performers. xauusd technical analysis XAUUSD WEEKLY CHART Take a FREE Trial of The Amazing Trader – Charting Algo System The post Gold at Record Highs: What’s Fueling XAUUSD’s 44% Surge and What Could Slow It Down? appeared first on Forex Trading Forum.

XRP can finally plug into DeFi, but will FXRP’s launch on Flare be enough to lift the token in October? Flare Network announced on Sept. 24 that its FAssets protocol is now live on mainnet, beginning with FXRP v1.2. The token is a one-to-one, over-collateralized representation of XRP that can be used in Flare’s decentralized finance stack. The rollout marks the first time XRP holders can tap into lending, liquidity, and, soon, liquid staking on Flare. If the pattern holds, the next resistance levels are near $3.20 to $3.30, possibly extending toward $3.60 to $3.80. Traders say a daily close above $2.95 would strengthen the bullish case. On the downside, a break below $2.80 could shift momentum back toward $2.65, putting pressure on bulls. The comment reflects optimism that XRP may be setting up for another rally, provided it holds the current floor. The coming sessions will show whether buyers have enough strength to carry XRP beyond major resistance and open the door to higher levels. For now, $2.80 remains the line traders are watching. DISCOVER: 20+ Next Crypto to Explode in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates The post XRP Lands on Flare: Will DeFi Save XRP Price in October? appeared first on 99Bitcoins.

The Group of Seven (G7) nations and the European Union are said to be discussing the idea of imposing price floors on rare earths to counter China’s dominance in the supply chain, Reuters reported on Wednesday. A price floor, if imposed, would provide greater incentives for producers of rare earths and related products in those regions, which for decades have relied on Chinese supply. Rare earths, which are difficult to extract and expensive to process, are key to many high-tech products, including cell phones, EVs and defense applications. China currently dominates the global mine supply of rare earths and controls over 90% of their total processing capacity. This forces the G7 nations, with the exception of Japan, to their supply rare earths and related products such as permanent magnets, which are used in wind turbines and electric vehicles, exclusively from China. According to Reuters, G7 leaders recently met in Chicago to address their over-reliance on Chinese supply. “The heart of the conversation was whether to raise the bar on regulation of foreign investment in critical materials in order to avoid companies going to China,” said one of its sources. Another option would be to introduce geographical restrictions that limit sourcing from select countries like China, though not all G7 leaders were convinced, the source added. During these talks, the idea of a price floor backed by government subsidies, which the US introduced in late July, was brought up. One of its sources said Canada responded “positively” to this approach. Australia, too, is separately considering setting a price floor. Sources said the group also discussed a type of carbon tax or tariff on Chinese exports of rare earths based on the percentage of non-renewable energy used in their production. The discussion comes months after China leveraged its near-monopoly status at the height of the global trade war by imposing export controls on rare earths and related magnets. While exports have since surged as trade tensions subsided, Western nations remain concerned over the security of supply, and many end-users in the EU have been choked off and face the risk of shutdown.

Aave’s planned Aave v3 deployment could turn OKX’s X Layer from a niche L2 into a serious DeFi venue. Aave v3, one of DeFi’s largest lending protocols, is preparing to launch on X Layer, the Ethereum Layer-2 network developed by crypto exchange OKX. The rollout is expected “in the coming weeks,” The deployment aims to build a core lending market on X Layer and strengthen its liquidity base. X Layer currently trails major Layer-2 networks in total value locked (TVL), with DefiLlama data showing deposits far below leaders such as Arbitrum and Optimism. (Source – X) Earlier this month, the Aave DAO held a “temp check” to measure community support for expanding onto X Layer. The proposal framed the move as a chance to “position Aave v3 as the core liquidity layer for this new ecosystem.” If sentiment continues to hold, the process will advance to a Snapshot vote and then to a final on-chain governance proposal (AIP). The launch would mark another step in broadening Aave’s multi-chain footprint. For X Layer, it could significantly boost liquidity and user activity. EXPLORE: Next Crypto To Explode in 2025 What Is X Layer and How Does It Work as an Ethereum L2? X Layer went live on mainnet in 2024 as an Ethereum L2 built with Polygon’s CDK. OKX says the network targets high throughput and near-zero fees and is being refocused on payments and DeFi. Earlier materials highlight OKX’s aim to funnel a large exchange user base on-chain via X Layer. OKX’s learning hub, updated on Sept. 24, says Aave is “coming” to X Layer with native lending markets (e.g., USDT, ETH), touting deep liquidity pools and tight integration with OKX Wallet and the broader OKX ecosystem. OKX’s update reads like an announcement but does not replace Aave’s governance process. Any new deployment must still move through the DAO steps: a temp check, a Snapshot vote, and a formal AIP. At present, X Layer’s footprint is small. Data from DefiLlama shows around $25.9M in total value locked, $36.3M in daily DEX volume, and roughly $87,000 in fees. (Source: DeFiLlama) By contrast, Aave v3 spans multiple chains with $68.6 billion in TVL, highlighting how a deployment could quickly shift liquidity on X Layer. AAVE was trading near $278 today. For Aave, the move fits into a broader multichain push. The protocol recently expanded to Aptos, its first non-EVM chain, and is preparing a v4 upgrade designed for cross-chain liquidity. For OKX, securing a blue-chip lending platform is a direct way to spark credit markets, build on-chain activity, and draw developers. As the proposal author put it: deploying Aave v3 on X Layer would “position itself as the core liquidity layer for this new ecosystem,” with Snapshot and AIP steps next. In its post, OKX said Aave’s arrival would bring “market-tested security and deep liquidity,” tightly integrated across the exchange’s wallet and broader ecosystem. The statement was last updated on Sept. 24. DISCOVER: The 12+ Hottest Crypto Presales to Buy Right Now AAVE Price Prediction: How Could Aave V4 and GHO Stablecoin Impact AAVE’s Price? According to analyst Crypto Patel, Aave’s long-term outlook depends on several key drivers. The upcoming launch of Aave V4 is expected to lift protocol fees, boost total value locked (TVL), and support wider adoption. (Source: X) Another opportunity mentioned by Patel is the expansion of the GHO stablecoin, which could become a new revenue generator and buyback programs and liquidity upgrades, which could support AAVE. AAVE/USDT has retracted on the charts following the examination of the resistance group of $340-370. The token is currently trading at approximately 278, decreasing by over -5% this week. The technical structure shows two important supports: $227 as the first line of defense, and $129 if selling pressure deepens. As long as the price stays above the ascending trendline from mid-2022, the broader trend is still bullish. On the upside, resistance levels are seen at $372 and $579. A breakout above these could pave the way toward the $1,000 psychological mark. AavePriceMarket CapAAVE$1.38B24h7d30d1yAll time The current forecasts indicate that there is a potential for a decline to be supported, then buyers will force it upwards, forming a higher lows, higher highs trend. We can also see that the weekly chart is developing volatility around the resistance as the sellers capped the rallies around the levels of 340-370. In case AAVE contains more than $227, the bulls can re-examine that level, and a positive breakage would enhance the argument for further increase. To concisely put it, AAVE is trading between clear support and resistance. Holding on to the bullish scenario is being maintained at above $227. A failure could drag the token toward $200-$150, while a clear move past $372 may accelerate momentum toward $579 and potentially $1,000. DISCOVER: 20+ Next Crypto to Explode in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates The post Aave Crypto is Set to Put OKX’s X Layer Back in the Game appeared first on 99Bitcoins.

Nevada Lithium Resources (TSXV: NVLH) shares surged on Wednesday after the company disclosed that it had partnered with South Korea’s Hydro Lithium on the extraction of critical minerals from its flagship Bonnie Claire project. In its press release, Nevada Lithium said the two parties entered a letter of intent on Sept. 7 related to the use of proprietary extraction technologies developed by Dr. Uong Chon, CEO of Hydro Lithium, for the recovery of valuable elements, including those on the US critical minerals list, from the Bonnie Claire property. The LOI also includes frameworks on collaborative efforts to recover critical minerals from other North American properties, it added. Hydro Lithium currently produces battery-grade lithium hydroxide and lithium carbonate with an annual production capacity of 3,600 tonnes at its Geumsan-gun facility. Nevada Lithium’s CEO Stephen Rentschler welcomed the partnership, highlighting Dr. Chon’s previous involvement in the development of PosLX, the lithium extraction technology currently being used by POSCO. At Hydro, Dr. Chon continued his technical achievements with the development of the CULH (battery-grade lithium chemical production) and CULX (lithium extraction from natural resources) processes, he added. “The US hosts numerous potential sources of critical minerals, including lithium, many of which may pose challenges to economically viable extraction. Our proprietary technology, CULX, addresses these challenges,” Dr. Chon said in a statement. Shares of Nevada Lithium rose as much as 23% by midday on the news, giving the Vancouver-based lithium developer a market capitalization of C$46.8 million ($33.7 million). Economic improvements Rentschler said his company will be evaluating these technologies and their potential to add to the “strong investment metrics” illustrated by a recently updated preliminary economic assessment (PEA) on Bonnie Claire, a sediment-hosted deposit with mineralization at different depths. Released in early August, the new PEA incorporates work over the past three years, including the discovery and expansion of the project’s lower zone, characterized by high lithium and boron grades. The study contemplates an underground operation using a hydraulic borehole mining method producing at a rate of 2.92 million tonnes per year of lithium material at a grade of 4,500 parts per million. This would result in the production of 62,354 tonnes of lithium carbonate (Li2CO3) and 129,533 tonnes of boric acid per year over an estimated 61-year mine life. The production profile, assuming prices of $24,000/tonne for Li2CO3 and $950/tonne for boric acid, would give the project an after-tax net present value (at 8% discount rate) of $6.83 billion — a more than fourfold increase over the 2021 assessment — and an internal rate of return of 32.3%. Payback of the $2.1 billion initial capital is estimated at 2.8 years. “Bonnie Claire has emerged as one of the world’s largest and highest-grade sedimentary-hosted lithium and boron deposits, and remains open for expansion. The potential for even higher grades and volumes could positively impact the PEA economics already demonstrated,” Rentschler stated in an Aug. 6 press release. Nevada Lithium previously held the project with Iconic Minerals (TSXV: ICM) on a 50/50 basis before consolidating ownership in 2023.

Log in to our mid-week North American Markets overview, where we examine the current themes in North America and provide an overview of indices and currency performances. We are now passed the feared and anticipated September FOMC meeting and since last week, the US Dollar has seen some whipsawing up-down action. While originally thought that a less-dovish-than expected Powell at the past week's FOMC press conference could invert the downward path in the greenback, comments made yesterday at a Rhode Island conference put-back more emphasis on a weakening job market. A dovish interpretation of this most recent turnaround has sent the dollar down, but in today's session, the USD is back on a one-way train higher. So what's going on? Participants are still looking to see more on the US labor market which will decide on further dovishness: The FED independence being attacked seems to be a less emphatic subject in the past few weeks as dovishness from FED members has been confirmed by less encouraging data, and now the idea is that markets are trying to spot if there is still potential for many cuts in 2026 (currently 112 bps priced vs 75 bps implied on the dot plot). Bank of Canada Macklem still had a few things to say about that in a speech made on Tuesday. Too, what will be the effect of such cuts on US Dollar demand? If more cuts are in the markets than outlined by the FED, will the dollar rally despite cuts (buy-the-cuts type of market flows)? And there are some tensions happening on the Geopolitical side, which have historically put a bid to the US Dollar as participants may get more anxious: Europe should slow its indirect Russian oil purchases, which should slow the conflict, but at the same time, Russia keeps testing Eastern Europe nations with aerial border breaches. Let's take a look at the charts. Read More:Cryptos regain some momentum dragged higher by a strong BitcoinEurope moves to diverge from Russian oil – WTI outlookGold Rally Driven by Massive ETF Inflows Let's dive right into a few charts to get an overview on North American Markets, from US and Canadian equity Markets performance, USD and CAD performance to USDCAD and DXY charts. North-American Indices Performance North American Top Indices performance since last Monday – September 17, 2025 – Source: TradingView The TSX/Nasdaq battle keeps powering through upward weekly performance, and overall North American indices can't find anything to stop them. European indices on the other hand seem to have found their strength from the beginning of the year totally taken back from them. It has been a while since we haven't seen them demark from other global indices (NA Stocks however are back on top). Dollar Index 8H Chart Dollar Index 8H Chart, September 24, 2025 – Source: TradingView After forming a V-shape bottom after last week's FOMC, the US Dollar seems to be retaking the intermediate edge as other majors have topped. Less cuts are projected overall, the FED's damaged independence might be less of a concern and the US still stands on top in terms of global performance, despite tariffs (that might end up being invalidated). Since our previous DXY analysis (still interesting to watch), the greenback has passed above its pivot zone and path for upward action may get more odds looking forward. Failing to break the 98.00 handle however may lead to rangebound action – still keep an eye on the higher timeframe double bottom that may have now formed. Levels to watch for the Dollar Index: Support Levels: Range support now Pivot 97.25 to 97.602025 Lows Major support 96.50 to 97.00Early 2022 Conslidation just below 96.0095.00 Key SupportResistance Levels: 8H MA 200 97.3098.00 higher timeframe PivotCurrent range Extreme resistance 98.50100.00 Main resistance zoneUS Dollar Mid-Week Performance vs Majors USD vs other Majors, September 24, 2025 - Source: TradingView. You can spot on the chart how the September 17th FOMC meeting has led to a consequent huge performance in the US Dollar, particularly against the Kiwi (which showed badly surprising growth data). European currencies are still holding tight (particularly the CHF and EUR) which comes amid their yearly uptrend and relative strengths. It will be interesting to see what can tilt the scales for these majors. Canadian Dollar Mid-Week Performance vs Majors CAD vs other Majors, September 24, 2025 - Source: TradingView. The Loonie had gotten stronger after the most recent Bank of Canada meeting, Mean-reversion style, but another bad Canadian data (retail sales missed harshly) found some reasoning for its sellers to come back. Overall, except for the USD, CHF and EUR, the CAD is still up slightly against other majors (so overall mid performance as can be said by Gen Z). Intraday Technical Levels for the USD/CAD USDCAD 4H Chart, September 24, 2025 – Source: TradingView The pair is still very rangebound overall but with the US Dollar gaining some intermediate strength, and Canadian data still far from good, it will be interesting to see if the current tight bull channel can manage to beat the overbought conditions that are getting reached. Keep an eye on the better-looking US/Canadian trade talks, but also don't forget that more progress is still expected overall. Levels to place on your USDCAD charts: Resistance Levels 1.3890 to 1.39 resistance (currently testing)1.39 handle1.3925 Aug 22 highs 1.40 next resistanceSupport Levels 1.3850 to 1.3860 Main pivot (preceding resistance)1.38 Handle +/- 150 pips1.3660 intermediate support1.3550 Main 2025 SupportUS and Canada Economic Calendar for the Rest of the Week US and Canadian Data for the rest of the week, MarketPulse Economic Calendar The rest of this week is shaping up to be a busy one for North American markets, with a packed calendar for both the U.S. and Canada in the days ahead. Thursday's session is a heavy one for the U.S. and may dictate market sentiment going into the weekend. The day will be front-loaded with a cluster of data releases at 8:30 a.m. ET, including: Gross Domestic Product Annualized (Q2): This will be the final reading of the quarter's economic growth, with markets awaiting a confirmation of the prior reading of 3.3%.Durable Goods Orders (Aug): A key indicator of manufacturing activity and business investment.Initial Jobless Claims: The weekly reading will provide an up-to-the-minute look at the health of the labor market. Throughout the day, markets will also be listening closely to speeches from a number of influential Fed members—including Goolsbee, Williams, Bowman, Barr, and Daly—for any hints on the Fed's next policy moves and their outlook on the economy. Later in the morning, at 10:00 a.m., the Existing Home Sales data for August will be released. Friday's session will be just as important, with a few key releases that could drive trading for the end of the week. Canada: The session starts with the release of Canada's Gross Domestic Product (MoM) (Jul) at 8:30 a.m. ET.United States: At the same time, the U.S. will see the release of Personal Consumption Expenditures (PCE) data for August. This is the Federal Reserve's preferred measure of inflation, and the results will be closely monitored for signs of progress toward the Fed's 2% target.University of Michigan Data: The day will conclude with the release of the Michigan Consumer Sentiment Index (Sep) at 10:00 a.m. ET, which provides an important read on consumer confidence. 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. 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.

Mining advisory firm Appian Capital announced on Wednesday it has sold two royalty and streaming assets under its portfolio to Canada’s Versamet Royalties (TSXV: VMET) for total cash consideration of up to $170 million, of which $125 million is paid upfront. The sale comprises a 2.75% net smelter return (NSR) royalty on the Santa Rita polymetallic mine in Brazil and a 90% silver stream on the Rosh Pinah mine in Namibia. Both mines are majority-owned by Appian and have expansion projects on their way to extend production. In a press release, Appian’s founder and CEO Michael Scherb said the company had received strong interest, reflecting “the quality of the underlying assets” as well as its “disciplined approach to portfolio optimization.” Following the sale, Appian’s portfolio will continue to hold multiple long-life assets across a diverse set of commodities. This includes a gold stream on Asante Gold’s Bibiani and Chirano mines in Ghana, a lithium royalty on Lithium Ionic’s Bandeira project in Brazil, a polymetallic royalty on US Strategic Metals’ processing and recycling facility in the US, and a potash royalty on Western Resources’ Milestone project in Canada. Versamet, whose portfolio contains mainly precious metals royalties and streams, will fund the purchase through credit facilities totalling $180 million from the Bank of Montreal and National Bank of Canada. Nickel mine in transition The Santa Rita operation is a large open-pit polymetallic mine situated in Brazil’s Bahia state. Appian acquired its owner Atlantic Nickel in 2018 through a complex bankruptcy process. In the following years, it had looked to sell the Atlantic Nickel assets and came close to a deal with Glencore in 2023, but that was subsequently scrapped. Current operations at Santa Rita involve the processing of open-pit ore through a concentrator with capacity of approximately 6.5 million tonnes per year to produce nickel sulphide concentrate. The concentrate also contains copper, cobalt, platinum, palladium and gold by-products. Last year’s production totalled 31.8 million lb. of nickel, 10.1 million lb. of copper and 600,000 lb. of cobalt. Atlantic Nickel is currently in the process of transitioning the operation to underground mining at Santa Rita, which would extend its mine life to more than 20 years while delivering a higher production rate and a lower cost structure. The Santa Rita NSR sold to Versamet covers both the open-pit and underground deposits, as well as the entirety of the land held by Atlantic Nickel in the area, representing an area of over 400 sq km. A portion of the sale consideration ($45 million) is tied to certain expansion milestones at Santa Rita: a $22.5 million paid upon the processing of the first 1 million tonnes of underground ore before July 1, 2035; and another $22.5 million upon Santa Rita achieving a throughput rate of 12,500 tonnes per day from underground ore over a 90-day period before the same date. Growing silver mine Rosh Pinah is an operating underground zinc-lead-silver mine located in southwestern Namibia, and has been in operation for over 55 years. In 2024, the mine processed 650,000 tonnes of ore, producing 87 million lb. of zinc, 14 million lb. of lead and 244,000 oz. of silver in concentrates. Under the silver stream, Versamet would receive refined silver equal to 90% of payable silver from the mine. After a total of 3.1 million oz. have been delivered, it will be entitled to receive 45% of payable silver for the remaining life of the mine. Versamet will pay 10% of the spot silver price for each ounce delivered to the stream. Appian is currently undertaking an expansion at Rosh Pinah that aims to double mill throughput to approximately 1.3 million tonnes per annum. This involves the installation of new processing facilities, including the addition of a paste fill plant and water treatment plant, and a dedicated portal and underground decline. Construction of the surface facilities is over 80% complete, with construction completion expected in the third quarter of 2026, the company said. Earlier this week, it secured a $150 million debt facility from Standard Bank to complete the expansion on schedule. Dan O’Flaherty, CEO of Versamet, said both the Rosh Pinah and Santa Rita have “significant upcoming growth catalysts, with the RP2.0 expansion expected to be completed next year, and the Santa Rita underground project nearing a construction decision. “Our forecasted production is now expected to exceed 10,000 GEOs this year, growing to over 20,000 GEOs in 2026 and organically increasing by approximately 25% to 25,000 GEOs in the medium term,” he said.

Cryptocurrencies have been dawdling around as of late but subject to a decent bull session. Amid a lack of any crazy headlines, a continuously progressing regulatory picture for digital assets and consistent ETF inflows keep boosting prospects for the Market. Crypto market overview, September 24, 2025 – Source: Finviz A + $1,000 day for Bitcoin has sufficed to wake up animal spirits from Crypto aficionados as nothing seems to stop the ongoing everything-rally. Despites equities correcting slightly from their intermediate highs, they keep holding close to their All-time highs which maintains an overall risk-on tone for market flows, always a positive for cryptos. Altcoins such as NEAR, DOGE and AVAX have seen some more than decent performances in the past few bull days, taking these popular altcoin names close to their cycle highs. We will look at some key charts in today's Crypto market outlook, including BTC, Solana, and Dogecoin to spot if any of these main coins have enough traction to relaunch an even-more bullish trend (compared to the current rangebound conditions). Read More: Europe moves to diverge from Russian oil – WTI outlookNasdaq 100: Short-term bullish trend remains intact above 24,535 key supportGold Rally Driven by Massive ETF InflowsA look at the Crypto Total Market Cap Total Crypto Market Cap, September 24, 2025 – Source: TradingView Since our weekly open Crypto piece, the correction in Market Cap has slowed down quite suddenly. Nonetheless, the one thing to keep an eye on is if profit-taking exceeds the 2024 $3.84T record which may trigger more algorithmic selling, or if participants actually gather enough strength to push the market cap back above $4T. Dogecoin (DOGE) 8H Chart DOGE 8H Chart, September 24, 2025 – Source: TradingView Our most recent Dogecoin analysis saw a consequent very strong rally to test the higher 0.31 to 0.33 resistance level (prices came very shy to it). However, an overall less-positive crypto market mood has corrected the rlly back towards the main upward trendline. In today's session, bulls are coming back to potentially break the corrective smaller timeframe for an even higher-trend. Let's see if the mood gets back on its feet for a further push above the recent $0.30661 intermediate highs – Keep an eye on the 50-period MA located at $0.26. Levels of interest for DOGE trading: Support Levels: Longer-run Pivot $0.20Key Support 0.14 to 0.16$0.10 Psychological LevelResistance Levels: $0.26 immediate resistance at the MA 50Downward pivotal resistance 0.28$0.30661 Sep 13 highsKey hurdle for renewed Bull domination $0.31 to 0.330.40 Psychological resistanceAll-time highs $0.81Solana (SOL) 8H Chart SOL 8H Chart, September 24, 2025 – Source: TradingView Solana has been through some very volatile swings in the past few days of trading – Lower volumes throughout the Rosh Hashanah holidays have subjected more volatile movement throughout markets as less participants can absorb the higher supply. Having rejected the key $255 Resistance ($253 highs), Buyers will have to hold the recently rejected $200 support which will hold a more bearish price action. Have re-entered the upward channel, the overall trajectory is now less bullish but still comes far from bearish. Check out reactions at the immediate oversold RSI to see if dip-buyers step in. A failure to do so may attract further profit taking, therefore keep an eye on the overall market (and market cap). Levels to place on your SOL Charts: Support Levels: Support Zone $200 to $205 (immediately testing)$185 momentum pivot and recent swing lows$160 Major support and low of channelResistance Levels: Resistance turned Pivot level 218 to 220$225 to $231 upper bound of channel (and MA 50)January Pivot/Resistance $250 to $260 (freshly rejected)Current all-time high $295Bitcoin 8H Chart BTC 8H Chart, September 24, 2025 – Source: TradingView Bitcoin actually has formed one of the most optimistic price action after weeks of progressive correction. After a recent test of the $110,000 to $112,000 Major support, buyers are stepping in. With a less bullish price action in the past few weeks, it is positive for the market to see the crypto-pioneer forming an intermediate bottom at the lows of its longer-run upward channel. A Daily close above $113,500 could attract further momentum for the week, and a weekly close above the $115,000 to $117,000 Pivot would see even more chances of retesting/breaking the recent all-time highs. Levels to place on your BTC Charts: Support Levels: $110,000 to $112,000 previous ATH support zone (freshly tested)$111,060 recent lows$106,000 to $108,000 key support$100,000 main support at the psychological levelResistance Levels: Current all-time high $124,596Major resistance $122,000 to $124,500$113,500 MA 50 and 200$115,000 to $117,000 key pivot$126,500 to $128,000 Fib-extension potential resistance (1.382% from April to May up-move) Safe Trades! Follow Elior on Twitter/X for additional Market News, Insights and Interactions @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. 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.

Copper prices jumped Wednesday after Freeport-McMoRan (NYSE: FCX) declared force majeure on contracted supplies from its Grasberg Block Cave mine in Indonesia. Three-month futures traded above $10,496 per ton ($4.7710 per lb.) on the CME, up 2.74% for the day. In London, copper for delivery in three months rose as much as 2% to $10,172 a ton on the London Metal Exchange, the highest level in more than 15 months. Click on chart for live prices. Freeport’s shares fell as much as 10.4% in New York, while rivals Glencore PLC (+3%), Teck Resources (+5%), and Antofagasta (+7.4%) climbed. BMO Capital Markets said the announcement was largely in line with expectations for a weaker second half of 2025, but noted that the preliminary 35% cut to the 2026 production outlook is an incremental negative, with Grasberg output not expected to return to pre-incident levels until 2027. Analysts described it as a “negative near-term development that will likely put Freeport in the penalty box.” However, BMO also highlighted that 60% of Freeport’s copper production comes from North and South America, meaning the company still has strong regional output. At the same time, a potential increase in copper prices stemming from reduced supply could partly offset the impact. Fatal accident Two workers died after the Sept. 8 accident at Grasberg. According to Freeport, a sudden rush of approximately 800,000 metric tons of wet material entered the mine and traveled rapidly across multiple levels, including the service level where the missing team members had been conducting development activities. The company is continuing the search for five other workers. Production at Grasberg—the world’s second-largest copper mine—has been halted following the accident. The Grasberg Block Cave ore body represents 50% of PT Freeport Indonesia’s estimated proven and probable reserves as of December 31, 2024, and approximately 70% of the company’s previously forecast copper and gold production through 2029. The incident occurred in “PB1C,” one of five production blocks in the Grasberg Block Cave, but caused damage to infrastructure required to support other production areas in the district. Freeport also issued updated third-quarter guidance on Wednesday. Consolidated sales are now expected to be about 4% lower for copper and approximately 6% lower for gold compared to its July estimates. In a separate disruption to the copper industry, Hudbay Minerals (TSE: HBM) said late Tuesday it was shutting operations at a mill at its Constancia mine site in Peru due to ongoing political protests.

Shares in Lithium Americas (TSX, NYSE: LAC) almost doubled their price on Wednesday, jumping more than 95% mid-afternoon in New York on reports that the US government may seek a stake in the Canadian miner. The company confirmed it is in discussions with the US Department of Energy and its partner in the Thacker Pass lithium project in Nevada, General Motors (NYSE: GM), about conditions for the first draw of a $2.3 billion loan, which will help finance construction at its site. Reuters reported late on Tuesday the Trump administration was weighing a potential equity stake of as much as 10% in exchange for adjusting the terms of the record loan, finalized in 2024. Thacker Pass, approved in the final days of Donald Trump’s first presidency, is home to North America’s largest known lithium deposit. Phase 1 is expected to produce 40,000 tonnes of battery-quality lithium carbonate annually, which is enough for about 800,000 electric vehicles, with completion targeted for late 2027. Full production is slated for 2028, positioning the site as the Western Hemisphere’s biggest lithium source. The mine’s output will far surpass that of larger peer Albemarle’s (NYSE: ALB) Silver Peak in Nevada, which yields about 5,000 tonnes of lithium carbonate a year. The project is critical to General Motors, which owns a 38% stake and gained 2.5% in early trading in New York. Lithium Americas said Energy Department funding will cover most of the cost of a processing plant next to the mine. Thacker Pass in Nevada. (Image: Lithium Americas) The loan review comes after Greg Beard, senior advisor in the Loan Programs Office, warned that Thacker Pass could struggle to compete with cheaper Chinese lithium, the Washington Free Beacon reported. Trump officials have also explored taking stakes in MP Materials (NYSE: MP) and Intel as part of efforts to strengthen domestic manufacturing and reduce reliance on foreign supply chains. Lithium Americas stock was last trading at $6.04, or 97% higher than Tuesday’s close, giving the company a market value of $1.45 billion.