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Ethereum’s institutional narrative is strengthening as US-based Spot ETF trackers witnessed another week of inflows last week. BlackRock’s ETHA fund captured the majority of this activity with more than half a billion dollars in new investments, while other ETFs struggled with minor outflows. At the same time, technical patterns are aligning with this buying pressure, which has given many analysts confidence that the Ethereum price could be preparing to push towards its all-time high in the coming weeks. Ethereum ETFs Register Second Consecutive Inflow Week Last week was another positive week for Spot Ethereum ETFs. Across all issuers in the US, Spot Ethereum ETFs added $556.92 million in inflows during the week, making it the second consecutive week of positive institutional inflows. Cumulative inflows since launch are now over $13.9 billion, and these ETFs now hold $29.64 billion worth of Ethereum. Interestingly, data from Farside Investor’s Spot ETF tracker reveal that the majority of last week’s institutional inflows went into BlackRock’s ETHA. The inflow numbers show that BlackRock’s ETHA product absorbed roughly $513 million in net inflows between September 15 and 19. The largest portion came on Monday with over $360 million, followed by another $140 million inflow as the week drew to a close on Friday, which was enough to offset corresponding outflows from every other issuer that day. This shows how investors continue to favor BlackRock’s offering as the primary gateway for regulated Ethereum exposure. Other issuers experienced a more mixed week. Fidelity’s FETH product posted sharp redemptions, most notably $53.4 million in outflows on Friday, September 19. However, these outflows were partially balanced by $159.4 million in inflows on Thursday. Bitwise and Grayscale also witnessed days of inflows, which was enough to cancel out minor outflows during the week. Spot Ethereum ETF Flows: Farside Investors Technical Analysis Points To $5,000 Another week of institutional inflow could set the stage for bullish price action in the new week, which in turn would certify a bullish monthly close for Ethereum in September. In fact, analyses from different analysts have looked at multiple bullish patterns forming across different timeframes on the Ethereum price chart. One particularly notable observation came from VasilyTrader on the TradingView platform, who highlighted encouraging signals on Ethereum’s shorter-term charts. His analysis of the 4-hour candlestick timeframe suggested that the recent pullback has now given way to a bullish confirmation. He identified a clear double bottom pattern that formed early last week, which was followed by a breakout from a falling wedge formation by Friday’s close. Based on these developments, VasilyTrader set his next price target at no less than $4,741. Chart Image From TradingView: VasilyTrader At the time of writing, Ethereum is trading at $4,485. According to crypto analyst Daan Crypto Trades, ETH is still on track to reach $5,000 as long as it holds above $4,400. Featured image from Unsplash, chart from TradingView

Index Trading Where Is the Top in U.S. Stocks? Key Levels to Watch in the Nasdaq and S&P 500 Index Trading The U.S. stock market continues to push into uncharted territory, leaving traders asking the big question: where is the top in U.S. stocks? Or perhaps more importantly, is there even a top in sight? With the U.S. dollar downtrend losing steam and bond yields retreating after a strong run-up, momentum in equities has remained impressive. Both the S&P 500 and Nasdaq 100 are trading at record highs, but when markets stretch into uncharted territory, identifying potential turning points becomes critical for traders. Why Picking a Market Top Is Tricky When indices like the S&P 500 and Nasdaq 100 reach all-time highs, there are no previous resistance levels to guide traders. The only natural targets become round numbers or “big figures”— psychological levels such as 25,000 on the Nasdaq or 6,700 on the S&P 500. However, rather than guessing at tops, it’s better to drill down through multi-timeframe analysis: starting with monthly, then weekly, daily, and 4-hour charts to identify the levels that keep the trend intact. Index Trading Nasdaq 100 (NAS100): 24,000 Is the Line in the Sand On the monthly chart, the Nasdaq shows six consecutive green candles, signaling a powerful uptrend. The first real warning of a pause would come only with a red monthly close, but the current support near 16,626 is far too distant to be relevant now. On the weekly timeframe, key levels at 22,667 and 21,365 also remain far away, confirming strong momentum. But on the daily chart, things get more interesting. The 24,000 level (23,995) is the crucial support to watch. As long as the Nasdaq holds above 24,000, the market bias remains to the upside, and traders will continue to buy the dips. On the 4-hour chart, shorter-term supports align with this same level, reinforcing 24,000 as the critical pivot for momentum. Index Trading S&P 500 (US500): 6,550 Is the Key Support Like the Nasdaq, the S&P 500 has also logged six green monthly candles in a row. The monthly support near 4,800 remains far too distant to matter in the current momentum-driven rally. On the weekly timeframe, the nearest key level is around 6,350, which again sits comfortably below current prices. However, both the daily and 4-hour charts highlight 6,551 as the critical support level. Seeing the same number across multiple timeframes adds weight to its importance. As long as the S&P holds above 6,550, the bullish bias remains intact. Buy the Dip Remains the Winning Strategy The market has rewarded one strategy again and again: buying dips while above key support levels. Traders will keep leaning on this playbook until it stops working. Only when buy-the-dip fails repeatedly will momentum shift and a potential top take shape. Until then, the market continues rewarding those who stay with the trend rather than trying to fight it. Conclusion: No Top Until Support Breaks So, where is the top in U.S. stocks? For now, the market has not given traders a reason to call one. Nasdaq 100 (NAS100): Watch 24,000 S&P 500 (US500): Watch 6,550 As long as prices remain above these levels, the bullish trend is intact, and dips are buying opportunities. A decisive break below them, however, could finally signal that momentum is stalling and that a top may be forming. Instead of guessing at a top, let the market show you. Until support levels break, U.S. stocks remain in buy-the-dip mode. </center Get some more insights – Mastering Retracements in Trading Index Trading Take a FREE Trial of The Amazing Trader – Charting Algo System The post Here Is the Top in U.S. Stocks? appeared first on Forex Trading Forum.

The price of Ethereum had quite a rough performance over the past week, falling from its usual range above the $4,600 level to below $4,500. Despite the injection of bullish momentum into the market by the US Federal Reserve’s interest rate cut, the “king of altcoins” failed to sustain its rally back to the $4,600 region. According to the latest on-chain data, the Ethereum price could be gearing up for an even longer time in the cold, as investors seem to be turning away from the second-largest cryptocurrency by market cap. The question, though, is how deep the price of ETH will fall in the coming weeks? ETH Price At Risk Of Return To $1,500? In a recent post on the social media platform X, pseudonymous crypto analyst Darkfost revealed that the Ethereum investors might be flooding out of the market at the moment. This observation is based on the recent downturn in the ETH Taker Buy-Sell Ratio on the world’s largest crypto exchange by trading volume. The Taker Buy-Sell Ratio is an on-chain indicator that compares the proportion of the taker buy volumes to the taker sell volumes on crypto exchanges. When the value of this metric is greater than one, it signals that the taker buy volume is higher than the taker sell volume on a crypto exchange. This trend typically points to the willingness of more traders to purchase coins at a higher value on the trading platform. Meanwhile, a less-than-one value for the Taker Buy-Sell Ratio typically means that the taker sell volume is higher than the taker buy volume on the exchange. Ultimately, this low value indicates that more sellers are offloading their assets at a lower price, precipitating bearish pressure in the market. According to data from CryptoQuant, the Ethereum Taker Buy-Sell Ratio fell below the 1 threshold to around 0.87 on Friday, September 19. This latest decline marked the third time this metric has fallen this low so far in 2025. As observed in the above chart, Darkfost noted that the indicator fell as low as 0.85 in January and February 2025. This ratio decline coincided with the bearish trend, during which the price of Ethereum fell to around the $1,500 region. As of the time of publishing their post on X, Darkfost revealed that the 7-day average of the Taker Buy-Sell Ratio stood at 0.93, which is still short of the 1 threshold. The on-chain analyst concluded that while the Ethereum price is looking to break above the $5,000 milestone, more investors seem to be increasingly betting against the altcoin’s rally. Although it is highly unlikely to see a downturn similar to the one in 2025’s first quarter, the latest on-chain events suggest that the price of ETH could still face some bearish pressure in the coming weeks. Ethereum Price At A Glance As of this writing, the price of ETH stands at around $4,475, reflecting a mere 0.4% leap in the past 24 hours.

Elton John has said goodbye to the yellow brick road – but not to the yellow metal, which is a big part of his life as the new short film “Touched by Gold” shows. Released this week by the World Gold Council, the free online movie explores the English pop star’s relationship with the precious metal, from his art to his health. “Gold is used in pacemakers,” John said while describing being fitted with one of the devices in 1999. “[Gold] is highly conductive which makes it perfect for carrying electrical signals to the heart. I was astonished. It made me feel good about it. So gold is used for things other than glamourization and beautiful objects!” The release of the film with the “Rocket Man” singer coincides with spot gold rocketing to a historic high of $3,707.40 per oz. on Wednesday. This extends a nearly 18-month increase in the metal’s price driven by geopolitical tensions, inflation and the weakening of the US dollar. Precious knees, tests Gold has also become part of John’s knees, in a sense. After he had both kneecaps replaced last year, he hired a jeweller to fit his right kneecap into a gold pendant for a necklace. His left kneecap went into a flowery golden brooch. The star’s philanthropic work, such as his founding of the Elton John AIDS Foundation in 1992, further reveals gold’s positive contribution to human health. Early in the AIDS epidemic in the 1980s, HIV and AIDS testing involved weeks of clinic visits before results were known. Testing had improved by 2012, when rapid self-care kits that could give results in less than 30 minutes became widely available. “Gold was used in rapid HIV tests,” John said. “In some tests, the red lines represent gold nanoparticles. I would never think gold could be helpful to a pacemaker or microphones or an HIV test. It has incredibly helpful uses to millions and millions of people.” Gilded sound While John confesses in the film that he’s not the most technically minded musician, he said one of the few items he requires in the studio is a good microphone. He was surprised to learn that even microphones have a connection to gold. “Some of the best studio mics use a gold-coated diaphragm inside to capture the fullest range of my voice. It’s a fascinating thing and I never would have known that,” he said. Golden Superman Before he retired from touring in 2023, one of John’s last shows took place at the Glastonbury Festival in southern England. Holding an old Elvis Presley album showing the star wearing a gold lamé suit, John explained that he had a similar one custom made for Glastonbury. “You feel like Superman [wearing that], he said. “That suit had more impact than any other suit in my career.” Fed cut bumps gold Closer to Earth, gold investors continue to watch interest-rate decisions closely. While spot gold prices initially rose following the United States’ Federal Reserve’s 0.25% interest rate cut on Wednesday, the market became cautious after Fed chair Jerome Powell said it was a “meeting-by-meeting situation,” BMO Capital Markets analysts Helen Amos and George Heppel said in a note on Friday. The US Dollar Index (DXY), which tracks the dollar against other major currencies, also rose back above 97. With gold’s value often moving opposite to the US dollar, the index serves as an important gauge for miners and investors tracking gold demand. Ryan McIntyre, a senior managing partner at Sprott, said Friday the precious metal has absorbed Wednesday’s rate cut. Minneapolis Fed President Neel Kashkari backed Powell’s decision and implied there could be two more cuts this year, which could further support gold prices. “We remain constructive on gold given heightened geopolitical and economic uncertainty, alongside its growing role as a strategic reserve asset for both institutional investors and sovereign nations,” McIntyre said. Secure your wealth today — buy gold bullion directly through our trusted partner, Sprott Money.

MetaMask’s long-anticipated token could launch earlier than many expect, according to ConsenSys CEO and Ethereum co-founder Joe Lubin. Here’s everything you need to know so far about the upcoming Metamask coin. In an interview with Block this week, Lubin confirmed that the self-custody wallet used by more than 100M people a year will introduce a token to support decentralization of parts of its ecosystem. Lubin did not reveal a launch date, ticker, or distribution details. Community speculation often refers to the token as “MASK,” though that ticker already belongs to Mask Network. ConsenSys has previously warned users to be cautious of phishing attempts and fake airdrops, underscoring that no official eligibility criteria or snapshot date have been published. The market reaction reflects uncertainty. Prediction platform Myriad Markets currently predicts only a 32% chance of launch before Nov. 1. (Source – Myriad Markets) On Polymarket, bettors assign a 46% probability that the token will appear before year-end, while many expect a 2025 debut. (Source – Polymarkets) Lubin’s remarks are the clearest public signal yet that MetaMask is moving forward with its own asset. But until formal details emerge, the timing, mechanics, and potential uses remain unknown. DISCOVER: 20+ Next Crypto to Explode in 2025 What Is MetaMask USD (mUSD) and Why Was It Audited? Consensys introduced MetaMask in 2016 as part of its Ethereum product suite, and the company has owned the wallet fully since its launch. When Consensys raised $7Bn in its Series D funding round in 2022, MetaMask and Infura were cited as the primary revenue drivers. Both were presented as central business products rather than outside investments. In August, ConsenSys Diligence published an audit of the security of MetaMask USD (mUSD), a stablecoin contract that is supposed to interface with the MetaMask ecosystem. As described in the review, it had controls, including pausability, freezing, and forced transfers, and used the M0 framework. Although mUSD is not a governance token, the audit indicates that the company has been busy developing wallet-native asset infrastructure. MetaMask has also warned users about fraudulent “snapshot” or “airdrop” claims. The team advises against connecting wallets or signing transactions on unofficial claim sites, urging users to rely only on the MetaMask blog, support hub, and verified social accounts for announcements. It must also be mentioned that further on, MASK is already called Mask Network, and it is an independent project that has nothing to do with MetaMask. Exchange listings and speculative tokens are recommended to be treated with care by traders until Consensys can release official information. In the meantime, the US Securities and Exchange Commission sued Consensys in June 2024 regarding the swaps and staking functionality of MetaMask. The case result might influence the manner in which and the timing of the company’s undertaking any token launch. The case of Consensys versus the SEC has resulted in the agency facing legal challenges in court, which can already cause a far-reaching impact on cryptocurrency regulation in the United States. DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in September 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates The post Everything to Know For New MetaMask Token appeared first on 99Bitcoins.

This week, in Africa crypto news, Circle, the issuer of USDC, is backing a fund and has seeded $20M to accelerate the growth of blockchain startups on the continent. Circle is a big player in crypto and a public company. CIRCL stock has been under increasing pressure as the stablecoin scene heats up. (Source: CIRCL, TradingView) Meanwhile, in South Africa, the government is adopting new laws to enable smooth crypto taxation. The government seeks to comply with CARF standards, touching on international crypto tax disclosure. South Africa is crypto-receptive and has been warming up to crypto with supportive regulations that foster growth. In Nigeria, Fintech and crypto startup Kredete has raised $22M to boost its international expansion drive. With crypto finding adoption in Africa, this raise will go a long way in improving financial inclusion, allowing even more users to invest in some of the best meme coin ICOs. DISCOVER: The 12+ Hottest Crypto Presales to Buy Right Now Let’s look at these stories making continental headlines this week: Africa Crypto News: Circle Backs A $20M Blockchain Fund To Support Startups Circle, the issuer of the second-largest USD tracking stablecoin, USDC, is backing a $20M blockchain fund, CV VC, to boost the digital asset space in Africa. Based in the Cayman Islands, CV VC will target early-stage blockchain startups that facilitate payments and data infrastructure in the region. The startup sought to optimize this market and even introduced credit scores for users to access other financial services. The platform has also introduced a stablecoin-backed debit card, usable in 40 countries on the continent. The latest haul brings Kredete’s total raised amount to over $24M. The platform has shown remarkable growth in its two years of operations. It will now look to Europe, the UK, and Canada for further growth. DISCOVER: 10+ Next Crypto to 100X In 2025 Africa Crypto News: South Africa Tax Compliance, Circle CV VC Africa crypto news: Circle Ventures backs CV VC, a $20M blockchain fund Nigeria crypto news: Kredete raises $22M for expansion South Africa crypto news: Government seeks to comply with CARF regulations The post Africa Crypto News Week in Review: Circle Backs African Fund, South Africa Adopts Crypto Tax Laws, Kredete Raises $22M appeared first on 99Bitcoins.

XRP grabbed fresh attention after two well-known chart analysts outlined bullish setups that could push the token much higher if the current momentum holds. According to Javon Marks and Ali Martinez, technical signs are lining up for a possible strong move, but traders are watching whether key resistance levels give way. Analysts See Breakout Potential Trader Javon Marks posted a chart showing what he called a large accumulation pattern. Based on his view, XRP could climb by 226% to reach $9.90, and if that zone is cleared the path to $20 could open. Marks compared today’s price structure to prior long swings that led to sharp gains after extended sideways periods. Based on reports from Martinez, the TD Sequential on the four-hour chart flashed a buy signal. That indicator is used by many traders to spot when a trend may stop and reverse. Martinez said recent consolidation improved the odds for buyers, and that the shorter-term trend now favors upward movement. Both analysts emphasized patterns and indicators rather than a fixed timetable for any rally. Institutional Moves Add Liquidity Reports have disclosed that the first US spot XRP ETF began trading this week, a development many see as a sign of growing institutional access. At the same time, the CME Group has plans to launch futures options for XRP and Solana, which could bring more professional traders and deeper liquidity. Tokenized fund plans on the XRP Ledger have also surfaced; those funds would trade like tokens and give investors regulated exposure with faster settlement, according to sources. Market reaction has been cautious. XRP has been holding above $3, but price action slowed as it neared resistance. Traders are now watching whether the token can push beyond the next supply zone or retreat back into consolidation. Carbon Market Could Create Demand Meanwhile, there is a separate line of discussion that links XRP to tokenized carbon credits. Based on a Precedence Research projection cited in reports, the carbon credit market could expand from about $933 billion in 2025 to more than $16 trillion by 2034. Other research pointed to the carbon offsets segment being around $1.06 trillion in 2023 and possibly rising past $3 trillion by 2032. If tokenization of credits gains scale, those working on market plumbing say fast, low-cost rails could be useful. The XRP Ledger is reported to be carbon neutral, which supporters argue could make it an attractive option for moving tokenized credits. Still, this is a hypothetical demand case and no clear model ties that potential directly to a specific XRP price level. Featured image from Meta, chart from TradingView

Asian crypto momentum is in full swing. Regulators are warming up to exchanges, and banks and fintechs are exploring tokenisation. The entire region is looking like a serious playground for digital assets. Here’s what transpired this week in the Asian crypto landscape. bitcoinPriceMarket CapBTC$2.31T24h7d1y Vietnam Gears Up For A Crypto Exchange Debut Vietnam has emerged in the Asian crypto landscape as a promising destination for crypto enthusiasts in the last few years. The country recently greenlit a pilot program for cryptocurrency exchanges under Resolution 05/2025, Vietnam’s legal framework for piloting a regulated crypto trading market over five years. The framework mandates that firms must hold a minimum of $68M (VND 10 trillion) in charter capital and requires 65% institutional ownership. Banks, securities firms, insurers, or tech companies will hold the remaining 35%. As a result, there’s been a flurry of activities from financial institutions. Onigiri Capital is aimed at early-stage companies building payment tools, tokenisation platforms, stablecoins and decentralised financial infrastructure. Particularly, it focuses on connecting US developers to Asian markets. Fund managers underscored that many US-based entities struggle to navigate the regulatory and institutional complexities of the Asian crypto landscape. Noting the growing importance of Asia in blockchain finance, Onigiri Capital offers access to local networks across Japan, Singapore, Indonesia, Korea, Malaysia and the Philippines. EXPLORE: 9+ Best High-Risk, High-Reward Crypto to Buy in 2025 Key Takeaways Vietnam launched a pilot program for cryptocurrency exchanges under Resolution 05/2025 India mandates all crypto service providers in the country to undergo cybersecurity audits Japan’s Credit Saison launched $50M fund to back US expansion in the Asian crypto landscape The post Asian Crypto Landscape This Week: India Audits, Japan Facilitates Expansion, Vietnam Dubuts Crypto Exchange appeared first on 99Bitcoins.

Wall Street may be taming Bitcoin’s mood swings, turning BTC USD a little more like a major forex pair. Bitcoin held near $115,700 on Sunday, Sept. 21, as a growing question took center stage: is TradFi steadying Bitcoin’s swings or changing their shape? The debate picked up after fresh inflows to the largest US spot Bitcoin ETF and new remarks from Michael Saylor. In a Saturday interview on the Coin Stories podcast, Saylor said calmer price action helps, not hurts: “You want the volatility to decrease so the mega institutions feel comfortable entering the space and size.” He called it a normal “growing stage” as products and liquidity deepen. On the derivatives side, CME said crypto options notional open interest hit a record $7.1Bn on Sept. 9, led by Bitcoin contracts, evidence that hedging tools for bigger players keep expanding. Price has carved higher lows above $115,000 while the weekly RSI recently made lower lows and is now increasing. That mismatch often signals trend continuation, not reversal. Buyers held the rising base around $114,000-$115,000, showing sellers couldn’t push a deeper correction. RSI has bounced from a downward trendline near the mid-50s, adding momentum back into the move. (Source: X) The near-term test is $120,000, and the ceiling of the recent weekly closes. A decisive close above it would put $128,000-$130,000 in play, where the prior supply sits. Bulls argue the setup could fuel a fresh Q4 advance if strength builds through that band. For now, the structure remains constructive: steady accumulation at higher levels, improving momentum, and a clear line in the sand. Holding the $114,000-$115,000 shelf keeps the signal intact. Losing it would weaken the case and delay any breakout. DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in September 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates The post Will TradFi Kill BTC USD Volatility? Lessons on Maturation From Forex? appeared first on 99Bitcoins.

Ethereum remains one of the most controversial tokens in the present market cycle, considering its status as the second-largest cryptocurrency and largest altcoin by market cap. Notably, several analysts have consistently backed ETH to reach a five-digit price mark this cycle based on varying rationales. Popular analyst Ted Pillows has now shared a new historical perspective that supports this general bullish notion. Short-Term ETH Correction To Precede Major $10,000 Rally – Analyst In an X post on September 20, Pillows shared a technical analysis of the ETH market, which shows that the altcoin is consolidating just below its 2021 all-time high (ATH), indicating a price behavior that is potentially bullish based on historical data. Currently trading just below $4,500, Ethereum has been unable to hold decisively above its previous cycle peak of $4,878 set in November 2021. However, the present consolidation mirrors a similar setup from the last bull cycle. In 2021, ETH experienced a sharp 25% correction after retesting the 2017 ATH of $1,400, before resuming its meteoric climb to new highs above $4,800. In applying this pattern to today’s market, Ted Pillows states a comparable correction would send ETH back toward the $3,700–$3,800 zone. While such a price decline may unsettle short-term traders, the Pillows’ analysis suggests it is a necessary reset before Ethereum can stage a breakout. Once this corrective phase plays out, the market expert projects Ethereum to embark on a powerful rally to potentially reach $10,000 by early 2026, representing a potential 100% gain from current market levels. ETH DEX Volume Hits $3.5 Trillion In other news, Ethereum’s decentralized exchange (DEX) activity is surging, with cumulative DEX trading volume surpassing $3.5 trillion, according to data shared by Coin Bureau. This milestone underscores Ethereum’s dominance as the backbone of decentralized finance (DeFi), fueling liquidity and trading across the crypto ecosystem. Despite this achievement, Ethereum’s price has come under pressure in the past week alongside other crypto assets. The prominent is currently trading at $4,470, marking a 4.32% decline in the past 7 days. Meanwhile, daily trading volume is also down by 47.31% and valued at $17.1 billion. In a separate X post, Ted Pillows has also noted that if Ethereum fails to reclaim the $4,500 level, the next key support lies between $4,000 and $4,200. While this range will be crucial for maintaining bullish momentum, a deeper pullback to below $4,000 would still align with bullish historical behavior as earlier stated.

Cardano (ADA) prices have dropped by 3.49% in the past week, amidst a broader crypto market correction. The popular altcoin now trades near the $0.90 price region following this significant bearish activity. However, renowned market expert Ali Martinez has shared an audacious bullish theory that suggests Cardano may be preparing for a major upside swing. ADA Price Structure Suggests Bullish Breakout Ahead, Analyst Says In a recent X post, Martinez provides some technical insight into the Cardano market, which highlights the potential for a significant price move based on historical price behavior and Fibonacci extension levels. Notably, Martinez’s analysis shows how ADA previously topped between the 1.000 and 1.272 Fibonacci extension in its last bull run and appears to be showing similar technical structure this time around. For context, the Fibonacci extension tool is widely used to identify possible price targets by mapping ratios derived from the Fibonacci sequence against historical price action. In Cardano’s last cycle, ADA surged from lows near $0.018 in early 2020 to highs around $3.10 in 2021 as the cycle peak. At the time of writing, ADA is consolidating near the 0.618 extension level at $1.15. This zone has historically acted as both strong resistance and support, making it a critical battleground for bulls and bears. If ADA can decisively break above $1.15, Martinez’s projections suggest momentum could build toward higher Fibonacci extension targets, most notably in the $3-$6 range. Such a move would represent a substantial upside from current levels, with about a 200% gain alone required just to reach the $3 threshold that aligns with the 1.000 extension level. Meanwhile, achieving the upper end of the projection near $6 would put Cardano back in contention with its 2021 highs, which aligns with the 1.272 Fibonacci extension level. However, it’s worth noting that a rejection at $1.15 resistance level could force Cardano to lower levels at $0.62 (0.382 Fib) and $0.43 (0.236 Fib). Cardano Market Overview At the time of writing, Cardano (ADA) is trading at $0.89, down by 0.41% in the last 24 hours, as selling pressure weighs on the market. The daily trading volume has also dropped sharply by 49.53%, signaling reduced activity and waning momentum among traders. Meanwhile, recent on-chain data highlights significant whale movements, with over 530 million ADA ($472 million) offloaded within the past 72 hours, according to Ali Martinez. Such large-scale selling often indicates profit-taking or repositioning by major holders, adding to bearish sentiment. Despite this, ADA continues to rank as the 10th largest cryptocurrency with a total market cap of $32.03 billion.

Dogecoin is once again showing signs of history repeating itself, with its well-known 1-2 formation returning on the charts. After breaking out of its key $0.22–$0.24 channel, momentum is building as bullish signals align, hinting that the meme coin may be gearing up for another powerful move. Breakout From $0.22–$0.24 Marks End Of Consolidation Alpha Crypto Signal, in a recent update, revealed a significant development for Dogecoin, noting that the meme coin has successfully broken out of its long-standing horizontal channel. This channel, which had contained its price between $0.22 and $0.24 for an extended period, had been a key consolidation zone for the asset. This decisive breach of the range confirms a major shift in momentum and signals the end of a prolonged phase of stagnant price action. The validity of this breakout is further reinforced by a crucial technical indicator: rising volume. As Dogecoin pushed higher, the increased trading volume served as a powerful signal of conviction from the buyers. This strong backing indicates that the move was not a fleeting event but rather a genuine surge of interest, with significant capital flowing into the asset. Following its strong rally, Dogecoin is currently experiencing a healthy and expected pullback from the resistance zone between $0.29 and $0.30. However, this slight retreat is a positive and natural part of a strong uptrend, as it allows the market to consolidate and prevents the rally from becoming overheated. According to the expert, this pullback is presenting a strategic opportunity for traders. Alpha Crypto Signal suggests that any retest of the breakout level, specifically the $0.24 to $0.25 zone, could offer a solid long opportunity. As long as Dogecoin can hold above this crucial zone and maintain its overall bullish structure, the positive momentum from the breakout is expected to continue. Dogecoin Pattern Repeats: History Points To Another Pump In a recent post on X, crypto analyst CryptoELlTES has revealed a compelling observation about Dogecoin’s price history. He asserts that a specific technical pattern is repeating itself on the chart, one that has consistently preceded every major Dogecoin pump in the past. This historical correlation suggests that the current setup is highly significant. According to the analysis, Dogecoin is at the final stage of this “1-2 pattern.” The chart displays the same formation that previously launched the asset into several parabolic moves. Since the market is showing the same bullish behavior that has historically led to explosive growth for the coin, a major upward move could be on the horizon.

Over the past week, the Bitcoin market experienced significant volatile price action, resulting in a net price loss of 0.07%. Notably, the crypto market leader initially surged to $118,000 as bullish sentiments rose after the US Federal Reserve announced the first interest rate cut of 2025. However, Bitcoin has since retraced to around $115,700 in the past 24 hours, as transaction activity cooled off. In studying the asset’s price structure, a popular market analyst with the X username KillaXBT has highlighted two important price levels. Bitcoin’s Weekly Open Faces Pressure Amid Daily Imbalance Threat In an X post on September 19, KillaXBT shares a vital cautionary insight on the present Bitcoin market, identifying two support zones in danger. Notably, as of the latest session, BTC has retested its weekly open at $115,219, a level that has served as a key pivot point for both bulls and bears. Holding above this threshold would be a strong sign of strength, while a decisive move lower could tilt market sentiment bearish. However, there is also a heavy focus on a daily fair value gap extending down to $113,355, highlighted on the charts as an area of imbalance left behind by rapid price action. KillaXBT explains that losing the weekly open would likely trigger a price decline to $113,355 because such inefficiencies eventually get filled, as price retraces into the zone to rebalance order flow. However, there is also the presence of the previous wick low at $114,367, which currently sits just above the FVG zone. This intermediate support may act as a buffer before any deeper probe toward the $113,355 mark. According to KillaXBT, Bitcoin price holding above the weekly open and FVG price zone is critical for price action going into the next week. A successful price defence at these levels could result in a reclaim of $118,000 claim and potentially the present ATH at $124,000. Meanwhile, a decisive price fall below $113,355 would expose the premier cryptocurrency to downside targets around $112,000, $110,000, and $108,000. Bitcoin Price Overview At the time of writing, Bitcoin is trading at $115,700, reflecting a 0.98% decline in the past day. Meanwhile, the trading volume is down by 17.14% and valued at around $35.8 billion. Despite a market cap of $2.3 trillion, Bitcoin’s dominance now stands at 57.1% indicating an ongoing outperformance by altcoins as the altseason potentially commences.

While tokens like XRP dominate headlines amid rising ETF approval speculations, the Cardano price is also gaining attention as market conditions slowly recover from bearish trends. New data from Changelly, a crypto exchange, has suggested that Cardano could be gearing up for a massive breakout. The big question now is whether the cryptocurrency has the momentum to reach a $100 milestone. Why A $100 Cardano Price Remains A Distant Goal Cardano’s price action has generated significant interest in recent months, as analysts from Changelly attempt to project its next big move. According to their forecasts, ADA remains a relatively low-priced cryptocurrency compared to some of its altcoin rivals like XRP, with projections pointing to modest gains in the near term and a potential surge above $100 by 2040. Changelly’s outlook for 2025 suggests a trading range between $0.77 and $0.97, with the average price stabilizing around $1.17. These numbers highlight a steady upward trend but remain far from the speculative $100 level. Breaking this down further, experts from the crypto platform project that in September 2025, ADA could fluctuate between $0.891 and $0.924, averaging near $0.908. By October 2025, expectations widen slightly, with potential movement between $0.88 and $1.17. November’s outlook places the Cardano price between $0.77 and $1.05, averaging around $0.91, while December 2025 suggests values between $0.807 and $0.87. Taken together, these estimates show that ADA is likely to continue strengthening its price floor while maintaining realistic, incremental growth rather than explosive parabolic moves. From this perspective, a $100 Cardano price seems improbable within the near or mid-term future. However, in the long-term, Changelly predicts that ADA could exceed the $100 target to reach $116.83 by February 2040. The maximum price for that month has also been set at $132.72. Cardano’s Price Action While Changelly’s technical analysis provides insight into potential short-term price movements, Cardano’s long-term story is deeply rooted in its fundamentals. At present, the cryptocurrency trades around $0.91 with a circulating supply of over 35.7 billion ADA, giving it a market capitalization of approximately $32 billion. ADA has displayed steady momentum in the last week, climbing 1.48% and nearly 6% over the past month. According to Changelly, this growth signals that Cardano still commands a solid market presence, reinforcing its potential for a breakout soon. Although the cryptocurrency has dipped by over $0.01 in the past 24 hours, Changelly points out that recent trading activity has turned notably bullish for the cryptocurrency. While Cardano’s strong fundamentals fuel its expanding ecosystem and steady price recovery, its vast circulating supply makes a potential surge to $100 mathematically challenging. Reaching this level would demand a market cap far exceeding that of Bitcoin at its peak. Still, Changelly notes that ADA is showing great potential lately, suggesting that its current price level could be a good buying opportunity for investors. Featured image from Unsplash, chart from TradingView

Prominent market analyst Ali Martinez has outlined some bullish insights on the Chainlink market regarding short-term price action. This development comes amid a rather volatile moment as LINK prices have declined by almost 5% in the past day following a double price rejection at the $24.80 region. LINK Bulls Face Key Test At $25 Before Potential Run To $30 In an X post on September 19, Martinez shares an in-depth technical analysis highlighting that Chainlink (LINK) is approaching a decisive moment, having previously tested the $25 resistance zone, a price point crucial to the next bullish leg of the altcoin. Notably, Martinez’s analysis also suggests that LINK is consolidating within a symmetrical triangle, with volatility compressing ahead of what could be a significant breakout. At press time, LINK trades around $23.60, just below the crucial $24.80–$25 zone, which aligns with the 0.618 Fibonacci retracement level. The renowned analyst notes that clearing this barrier could unlock the path toward $27.85, the 1.0 Fibonacci extension, before LINK sets its sights on the $30.12 target (1.272 Fibonacci level). Beyond that, the altcoin could also seize a potential move toward $31.39, if bullish momentum continues. Meanwhile, the symmetrical triangle pattern indicates a period of indecision between buyers and sellers, but as the price action coils tighter near the apex, the likelihood of a breakout increases. If current market demand intensifies under this condition, the $25 breakout could act as the ignition point for a larger rally. However, failure to breach resistance could send LINK back to lower support levels around $23.30 (0.382 Fib) before attempting another breakout. In a bearish case, LINK could break below the symmetrical triangle, with potential support zones set around or even $22.30 (0.236 Fib) or $20.85 (0). Chainlink Market Overview At the time of writing, Chainlink continues to trade at $23.61 after a price decline of 6.02% in the last seven days. This negative performance only underlines the struggles of LINK in the past month, during which it declined by 11.30%. Meanwhile, recent information shared by Coin Bureau indicates Chainlink ($LINK) may be on the verge of a supply shock as exchange balances have dropped to their lowest levels since 2022. This sharp decline signals that holders are moving coins off exchanges, reducing immediate sell pressure and tightening available supply. At the same time, Martinez also reports that whale activity has surged, with nearly 2 million LINK accumulated in the last 48 hours, underscoring strong confidence from large investors. The combination of reduced exchange liquidity and aggressive whale accumulation is often a precursor to a sharp, significant rally, as demand outpaces available supply.

Shiba Inu is now entering the same space as some of the largest cryptocurrencies when it comes to discussing exchange-traded funds (ETFs). The SHIB coin is starting to gain notice as it appears on Coinbase’s radar. Coinbase already offers a futures product for Shiba Inu, and this step positions the meme coin for consideration as a future ETF. SHIB’s marketing lead claims the coin already has the necessary setup for this, while a market analyst predicts significant price growth. Both agree that momentum for SHIB is picking up now. Shiba Inu Enters Coinbase’s ETF Watchlist According to SHIB’s marketing lead, Susie S, the coin has now joined Coinbase’s “ETF Watchlist Club.” This group already includes Dogecoin (DOGE), Solana (SOL), Hedera (HBAR), and XRP. Being named in this group indicates that the Shiba Inu token is gaining more serious attention. Susie S explained that Shiba Inu is in line for spot ETF consideration because Coinbase already has a regulated futures contract called the “1K SHIB Index.” It is essential because it puts SHIB on the same pathway that Bitcoin (BTC) and Ethereum (ETH) followed before they gained approval for spot ETFs. For the first time, the meme coin now stands in the same conversation as two of the world’s largest cryptocurrencies. She added that while it may be harder for Shiba Inu to launch its own solo ETF immediately, the ETF could be part of a larger product. That product could be something like a “Top 10 Crypto ETF” that bundles together several coins. Market Analyst Sees Massive Potential For SHIB Price Market analyst Heber Mayen also sees a big future for Shiba Inu. Posting a SHIB price chart on X, he stated, “It’s gonna be massive!” His comment reflects the rising attention around Shiba Inu as it becomes more active in trading markets. Mayen explained that SHIB’s popularity on Coinbase’s perpetual markets is a significant indicator. As more traders buy and sell SHIB in these products, the trading volume goes up. This rise in volume can help SHIB meet one of the needs for an ETF to be approved. In other words, the more people trade Shiba Inu now, the stronger the case becomes for a future ETF. Currently, Shiba Inu is attracting more leveraged traders, and this ETF activity may be fueling ongoing speculation. Analysts like Mayen argue that momentum is on SHIB’s side as investors seek the next big crypto ETF candidate. The price action and volume activity together create the type of market story that can push Shiba Inu further into the spotlight. Backed by comments from its marketing lead and bullish words from the analyst, the SHIB meme coin could become the next big thing. Featured image from Unsplash, chart from TradingView

In his latest update, CryptoWzrd observed that Litecoin closed the day on a bearish note, moving in line with Bitcoin’s broader trend. He stressed that the LTC/BTC chart remains within a falling wedge formation. CryptoWzrd added that he will be keeping a close watch on the intraday action over the weekend to scout for quick scalp opportunities, particularly if Bitcoin lends further confirmation to the setup. Falling Wedge Formation Holds The Key CryptoWzrd highlighted that both Litecoin’s daily chart and the LTC/BTC pair closed on a bearish note. Despite this short-term weakness, he pointed out that LTC/BTC continues to maintain a falling wedge formation, a structure that historically favors bullish reversals when broken to the upside. He explained that a healthy breakout from this wedge could trigger a strong upside rally, with Litecoin likely to follow suit and reflect the broader market sentiment. Such a move would mark a significant shift in momentum, particularly after the recent bearish closes, and could attract renewed buying pressure into the market. CryptoWzrd noted that Litecoin, although trading bearish, is still holding firmly above the $112 level. He emphasized that this zone is crucial, as a single strong bullish daily candle from this area could serve as confirmation for buyers and set the stage for the next leg higher. Looking ahead, he identified $140 as the next key resistance target, a level that would need to be overcome for Litecoin to confirm a sustained rally. Should the price manage to close above $140, CryptoWzrd believes the altcoin could extend gains toward $170 and potentially open the door for a broader bullish continuation. Litecoin Intraday Volatility Picks Up Conclusively, the analyst noted that Litecoin’s intraday chart showed noticeable volatility today, a sign that price movements could remain sharp in the near term. He suggested that traders should anticipate more swings from this location, as the market attempts to establish a clearer direction. The expert emphasized that for Litecoin to shift into a more positive stance, it must hold above the $115.50 intraday resistance. A successful move above this level could provide the momentum needed to push higher, with $123 standing out as the next resistance target on the upside. For now, his focus remains on lower time frame charts to identify quick scalp opportunities. Given that trading conditions tend to be thinner and less predictable over the weekend, he added that his expectations will remain measured, preferring to wait for a healthy setup before committing to new positions.

The price of Bitcoin has had a mixed performance over the past week, falling beneath the $115,000 mark at the start of the period. While the premier cryptocurrency made a play for $118,000 following the Federal Reserve’s decision to cut interest rates, the BTC price is now back to around where it started the week. However, the latest on-chain data suggests that a stronger price performance is not too far in Bitcoin’s future. On-Chain Transactions On The Rise In a Quicktake post on the CryptoQuant platform, market analyst CryptoOnchain published that there has been a notable uptick in activity on the Bitcoin network. The on-chain pundit shared that this recent surge in network activity could have significant effects on the price trajectory of the world’s largest cryptocurrency. CryptoOnchain based this report on the Transaction Count metric, which tracks the number of confirmed transactions on a blockchain network (Bitcoin, in this case) at a given time. According to the analyst, the 14-day Simple Moving Average (SMA-14) of the cryptocurrency’s transaction count surged to as high as 540,000, marking a peak level for the year 2025. As highlighted by CryptOnchain, a surge in a network’s transaction count typically suggests a significant increase in the fundamental demand and network usage. The pundit also explained that this demand may have been amplified by protocols such as Bitcoin Ordinals and Runes. Network Demand Meets Bullish Momentum According to CryptoOnchain, the notable thing about this on-chain development is the bullish convergence between the metric and Bitcoin’s price since July. The online pundit pointed out that, unlike previous periods of divergence, the current broader price rally is supported by a spike in network activity. Because of this aforementioned “bullish convergence”, the credibility of an uptrend can be further strengthened, as it is not just a result of pure speculation. If anything is to be expected in the days to come, it is that Bitcoin’s price action will reflect a strong bullish momentum. With important advice as a parting note, CryptoOnchain explained that further price momentum hinges on the sustenance of the currently high on-chain activity. As a result, the on-chain activity should be closely watched when making decisions in the market. As of this writing, Bitcoin is valued at about $115,744, reflecting an over 1% decline in the past 24 hours. While the market leader seems to be under a slight bearish pressure, a broader look shows that BTC is only stuck in a consolidation range. According to data from CoinGecko, the flagship cryptocurrency has barely changed in the past week.

The total illiquid Bitcoin has reached a new high, providing a bullish outlook for the flagship crypto. This refers to the BTC supply that is unlikely to hit the open, given the long-term holding of the investors who own these coins. Bitcoin’s Illiquid Supply Hits New High Glassnode data shows that Bitcoin’s illiquid supply has reached a new high of 14.3 million BTC, marking over 72% of the flagship’s circulating supply. This supply is held by long-term holders (LTHs) who haven’t moved their coins in over seven years, highlighting a strong conviction in the flagship crypto. A large part of Bitcoin’s supply being in the hands of long-term holders is typically bullish, as it continuously reduces the amount of selling pressure on the coin. It could also lead to a potential supply shock, whereby demand outpaces supply. Asset manager Fidelity stated in a research report that this new demand for BTC, coupled with a fixed supply and decreasing issuance schedule, was what likely sparked the rally to a new all-time high (ATH) above $124,000. Fidelity further predicted that this upward trend for the Bitcoin price could continue in the years ahead. Meanwhile, Fidelity highlighted two distinct cohorts that satisfy the threshold of Bitcoin’s illiquid supply. The first is the BTC that was last moved seven or more years ago, while the second is public companies that hold at least 1,000 BTC. Michael Saylor’s Strategy leads the latter as his company currently holds 638,985 BTC, which accounts for over 3% of Bitcoin’s total supply. Strategy hasn’t sold any coin since it began accumulating in 2020. Fidelity predicts that the combined group will hold over six million Bitcoin by the end of 2025 or over 28% of the crypto’s total supply of 21 million. The asset manager noted that BTC’s illiquid supply has only decreased quarter-over-quarter once in its history. BTC’s Scarcity May Become Its “Focal Point” Fidelity predicts that over time, Bitcoin’s scarcity may become the focal point as more entities buy and hold BTC long term. They noted that the illiquid supply could rise drastically if nation-state adoption increases and the regulatory environment continues to evolve. Countries like the U.S. are already looking to establish a Strategic Bitcoin Reserve, which could create a massive supply shock. On the other hand, Fidelity noted that there is the possibility of large amounts of Bitcoin’s illiquid supply being transferred. This could happen as long-term holders and public companies move to realize gains, possibly due to a significant price appreciation. The asset manager earlier mentioned that early signs of potential capitulation may already be emerging as 80,000 ancient BTC were sold in July 2025. At the time of writing, the Bitcoin price is trading at around $115,600, down in the last 24 hours, according to data from CoinMarketCap.

How Offshore Gold Storage Protects Privacy and Wealth Executive Summary In short, offshore gold storage lets retirees and high-net-worth investors keep assets in a calm, well-run vault outside their home country. When bullion is held on an allocated, segregated basis with professional audits, you keep direct ownership; privacy depends on the provider’s records and local law. With the right structure, documentation, and partner, gold becomes more than a commodity; it becomes a resilient custody plan. Offshore Gold Storage: The Problem It Solves However, keeping everything in one country concentrates risk. Policy changes, capital controls, court orders, or regional shocks can block access the moment stability matters most. Gold can hedge markets, but location risk persists if every ounce sits under a single legal system.In addition, offshore gold storage spreads that risk. It places custody in an insured foreign vault while preserving clear title and audit trails. Consequently, you diversify not only what you own but also where, and under which rules, it is protected. This jurisdictional spread helps keep private matters quiet and access steady during stressful periods. What Is Offshore Gold Storage? Therefore, offshore gold storage means your bars or coins are vaulted in a non-U.S. jurisdiction under your legal ownership, typically in a high-security facility with independent audits. Insurance may be provided by the custodian or by you, depending on the agreement. A specialist custodian handles intake, reporting, and release while you retain control. Plain-English Terms You’ll See Allocated: Specific bars or coins are assigned to you with documented serial numbers. Segregated: Your metal is stored separately from other clients’ holdings; confirm whether the provider’s definition includes bar-level identification in your name. Non-segregated (pooled): Ounces are tracked on paper but stored together with other clients’ bullion. Unallocated: You hold a claim on metal the provider intends to hold; this adds counterparty risk. Independent audit: A third party verifies that the vault holds the metal shown on client statements. How Offshore Gold Storage Protects Privacy 1) Lower Public Visibility Consequently, foreign vaulting generally keeps bullion out of U.S. real-property style public records. However, providers maintain KYC/AML files and statements that can be reached through lawful process. You still meet home-country reporting rules, yet your name avoids casual local exposure. That quieter footprint reduces opportunistic attention. 2) Legal Distance That said, different jurisdictions treat disclosure, liens, and seizures differently. This separation does not defeat lawful orders; enforcement usually requires local legal action or treaty-based cooperation, which affects timing and process. Even so, offshore gold storage changes the legal field enough to filter low-merit attempts. 3) Reduced Digital Footprint Additionally, local purchases can leave records across dealers, shippers, and banks. Using a single foreign provider can simplify documentation, though providers still collect identifying information for due diligence. Fewer parties touching data means fewer points of exposure. How It Protects Wealth 1) Jurisdictional Diversification By contrast, markets often move together; legal systems don’t. By spreading custody across borders, you lower the odds that one country’s rules affect your entire bullion position at once. In short, offshore gold storage is custody-level geographic diversification. 2) Counterparty Risk Control Importantly, allocated, segregated storage keeps title clear and specific. If a custodian fails, your bars are still your bars. By contrast, unallocated or pooled structures blur ownership and add balance-sheet risk. In turbulent times, clarity beats a discount. 3) Operational Resilience Moreover, top-tier vaults use layered security and strict access controls. However, insurance arrangements vary and may be included by the custodian or handled by you, so confirm this in your agreement. They also maintain power, data, and logistics backstops, so when disasters, unrest, or bank holidays hit, these redundancies help keep custody predictable. Common Jurisdictions for Offshore Gold Storage For example, the destinations below show typical strengths, trade-offs, and access methods. Fees, provider quality, and audit standards vary, so use this framework to build a shortlist. Use this framework to build a shortlist for your offshore gold storage plan. Jurisdiction Strengths Watch-Outs Typical Access Notes Switzerland Deep private custody ecosystem; rigorous audits; long bullion history Higher fees; possible banking paperwork Courier collection; in-person by appointment; armored shipping Often supports fully allocated/segregated with detailed serial lists Singapore Modern, business-friendly; efficient logistics; strong rule of law Lead times for visits; confirm audit frequency and auditor independence In-person with notice; insured international shipment Popular in Asia-Pacific offshore gold storage plans Cayman Islands Close to U.S.; purpose-built bullion facilities Smaller ecosystem; provider selection is critical Appointment-based access; insured shipping Regional diversification without long-haul travel New Zealand Stable legal environment; reputable private vault operators Far from North America; longer shipping times In-person by appointment; global insured logistics Pairs well with Asia holdings for broader balance Storage Structures and Costs In practice, your structure choice sets the level of certainty you have. The more specific your title and reporting, the more resilient your offshore gold storage becomes when conditions worsen. Allocated & Segregated vs. Unallocated As a result, allocated and segregated storage aligns with wealth preservation. Your statement lists bar serials, weights, fineness, and locations, and audits confirm the vault’s holdings. That specificity keeps you off the custodian’s balance sheet. Still, unallocated storage can lower fees, but you own a claim rather than identified bars, and in a stress event, claims line up and lines can get long. For those treating bullion as insurance, paying for certainty usually pays. Direct Ownership vs. Paper Proxies ETFs and pooled accounts offer price exposure but rely on intermediaries rather than direct ownership of identified bars; review each prospectus and custody model. For long-term resilience in offshore gold storage, pair these tools with bar-level control. Thus, offshore gold storage centers on possession and verifiable custody, not just a moving price on a screen. If resilience is the goal, insist on direct ownership. Typical Fee Ranges Vaulting: A small annual percentage of asset value, often with minimums. Insurance: May be bundled by the provider or arranged by you; verify coverage, limits, and exclusions in writing. Handling & Delivery: Intake, release, and shipment fees vary by distance and security level. Audit & Reporting: Independent audits may be included; extra statements sometimes carry small charges. Overall, allocated accounts are commonly charged in basis points on the metal’s value, assessed periodically. Unallocated accounts may use maintenance fees; confirm the schedule and minimums. Therefore, In the end, you’re paying for security, transparency, and logistics. When other systems strain, those features earn their keep. Legal and Tax Realities: Read Before You Act Notably, privacy isn’t secrecy; compliance still matters. In the United States, directly held precious metals and foreign safe deposit boxes are not reportable on Form 8938, and a safe deposit box is not itself a financial account. However, FBAR/Form 8938 reporting may apply if your metals are held through a reportable foreign financial account or contract and applicable thresholds are met. Rules evolve, and gray areas exist between stored assets and reportable accounts. For offshore gold storage, these distinctions are critical. Engage a qualified CPA and attorney with cross-border experience before moving metal abroad. Ensure providers issue statements, certificates, and audits your professionals can rely on. Keep invoices, shipping documents, bar lists, and audit certificates organized for heirs and advisors. In addition, Additional tax clarity: Form 8938: Directly held precious metals and foreign safe deposit boxes are not specified foreign financial assets. FBAR (FinCEN 114): U.S. persons must report foreign financial accounts if the aggregate value exceeds $10,000 at any time in the year; a simple safe deposit box is not a financial account, but a custodial or storage account where the institution can access or control contents can be reportable. In short, this material is educational, not legal or tax advice. Treat documentation as risk control, not busywork. Step-by-Step: Setting Up Offshore Gold Storage Clarify objectives. Decide whether privacy, jurisdictional diversification, estate simplicity, or all three lead the strategy. Shortlist jurisdictions. Pick two or three that match your comfort with distance, law, stability, and logistics. Vet providers. Look for independent audits, clear insurance terms, and a transparent chain-of-custody process. Choose structure. Prefer allocated and segregated storage for clear title and bar-level reporting. Plan acquisition. Decide whether to buy locally and ship or purchase through the vault’s intake partner. Confirm logistics. Nail down shipping insurance, customs handling, and the exact vault location and access rules. Document ownership. Obtain serial-numbered bar lists, a vault certificate, and schedule independent audit reports. Define access controls. Establish who can authorize movements and how beneficiaries are recognized if you’re unavailable. Integrate with your plan. Update estate documents, balance sheets, and your portfolio’s rebalancing rules. Case Studies (Names Changed) 1) The Quiet Professional “Dr. S” holds $1.2 million in bullion as a volatility hedge. She wanted less local visibility and no reliance on a bank vault. She chose Switzerland, opted for allocated/segregated custody, and scheduled quarterly third-party audits. Her attorney added a short letter naming a single beneficiary. Result: low noise, clean documentation, and clear next steps. 2) The Business Seller “Mr. T” sold a company and dedicated 7% to bullion. He split custody between the U.S. and Singapore to diversify legal systems. He buys locally, then ships through the vault’s insured intake channel. Annual fees are predictable, and his dashboard shows serial details for his overseas bars. Result: geographic diversification without added complexity. 3) The Snowbirds “Mr. and Mrs. R” divide their year between two states and want simple, private inheritance for their children. They placed allocated gold in the Cayman Islands and filed beneficiary instructions with the vault. Their estate plan includes a memorandum detailing access steps. Result: reduced probate friction and clear division of assets. Risks, Red Flags, and How to Mitigate Unallocated exposure: If lower fees are the only appeal, think twice. In crises, certainty outranks savings. Weak documentation: Missing serials, vague insurance terms, or no third-party audits are deal-breakers. Bank-dependent custody: One entity acting as seller, custodian, and auditor concentrates risk. Prefer separation of duties. Country risk drift: If a jurisdiction’s legal climate shifts, prepare to relocate metal proactively. Estate bottlenecks: If heirs don’t know the vault, account number, or procedure, privacy becomes confusion. Document the path now. Checklist for Choosing a Vault Partner Does the service provide allocated & segregated storage with serial-number reporting? Who performs the independent audits, and how often are results published? What does the insurance policy cover? Transit, mysterious disappearance, inside jobs? How are shipments handled and tracked during intake and release? What is the access protocol for visits and third-party collections? Are beneficiary and power-of-attorney instructions on file and test-driven? What are the all-in annual costs and minimum charges? Can one provider support multi-jurisdiction holdings under a single reporting umbrella? Frequently Asked Questions Is offshore gold storage legal? Yes, when structured and reported correctly. U.S. taxpayers must follow FBAR (FinCEN Form 114) and FATCA (Form 8938) rules where applicable. Directly held precious metals and foreign safe deposit boxes are not reportable assets by themselves, but reportable foreign financial accounts must be disclosed if thresholds are met. Competent advisors translate the regulations into practical steps. Can I visit my metal? Typically, many private vaults allow in-person visits by appointment, subject to security procedures. Confirm visitation rights and fees in your storage agreement. Independent inspections by a firm you hire are often permitted. How do I sell quickly if the metal is offshore? Depending on the provider, some facilities facilitate in-vault transfers or coordinated sales through dealers, while others require shipment before sale. Confirm available liquidation channels, timelines, and fees in writing. Will this complicate my taxes? Practically, it can add paperwork. Keep meticulous records and use a CPA familiar with FBAR and FATCA. Directly held bullion is generally not reportable on Form 8938, but foreign financial accounts that hold assets may trigger FBAR/Form 8938 reporting if thresholds are met. The right offshore gold storage provider supplies audit trails your tax team can use. Should I store coins or bars? For efficiency, many choose widely recognized bars (often 1-kilogram for larger private holdings) and widely traded bullion coins for smaller transactions. Make sure bar sizes match vault and dealer standards. Recognition and auditability matter most. Putting It All Together Gold can steady a long-term plan, but custody determines resilience. offshore gold storage separates local life from asset location, adds legal and operational distance, and keeps title specific. Together, those traits reduce friction in turbulent periods while preserving flexibility when headlines get noisy. The right vault, in the right jurisdiction, with explicit documentation, delivers what a hedge should: it stands still and stays accessible. Treat custody as deliberately as allocation, and you turn bullion into durable wealth management, not a shiny asset in the wrong place. Key Takeaways Purpose: Offshore gold storage cuts single-country exposure and lowers local visibility without avoiding lawful compliance. Structure: Favor allocated, segregated custody with third-party audits and clear written insurance terms that state whether coverage is included or arranged by you. Jurisdictions: Switzerland, Singapore, the Cayman Islands, and New Zealand are common starting points, but provider quality varies. Process: Plan acquisition, confirm logistics, document ownership, and keep beneficiary instructions current. Discipline: Avoid unallocated promises, insist on serial-level reporting, and be ready to relocate if rules change. Final Word on Offshore Gold Storage If your goal is control and discretion, offshore gold storage offers both without theatrics. Properly executed, it diversifies legal risk, strengthens audit trails, and preserves access when others face bottlenecks. The strategy isn’t about chasing returns; it’s about owning identifiable bars in a stable foreign vault and documenting everything. That combination keeps wealth steady, private, and ready. The post How Offshore Gold Storage Protects Privacy and Wealth first appeared on American Bullion.

Strategy’s long-running bet on Bitcoin remains at the heart of the debate over the asset’s place in finance. Based on reports, the firm now holds more than 638,500 BTC, a stake that Saylor has said is worth “tens of billions” of dollars. That stockpile has shaped both the company’s identity and Michael Saylor’s public message since Strategy began buying Bitcoin in 2020. Saylor Predicts Long Run Outperformance According to Saylor’s recent interview on Coin Stories, Bitcoin will outperform the S&P 500 “forever.” He went further, saying the S&P 500 would lose nearly 29% each year when measured against Bitcoin for the next 21 years. Those are among the most aggressive public forecasts he has voiced. He also pointed to Bitcoin’s returns over the past 10 years as proof that the gap already exists. Saylor Frames Bitcoin As Digital Capital And New Collateral Based on reports, Saylor described Bitcoin as a form of “digital capital” that could be used to back loans and other credit instruments. He argued that a fixed supply and decentralized network give Bitcoin a more predictable long-term path than fiat money. Policy action is part of his effort. Meetings with other crypto executives, including talks about a strategic Bitcoin reserve bill, were mentioned as steps toward making the asset more widely accepted in finance and policy circles. Claims About Fiat And Collateral Face Real Tests Saylor contrasted Bitcoin with the US dollar and with conventional collateral, saying currencies suffer from long-term depreciation tied to inflation and central bank policy. But critics point to Bitcoin’s price swings and regulatory uncertainty as real obstacles to using it as stable collateral. Some risk would be built into any credit product that leans heavily on a volatile asset. These concerns have been raised by market participants and remain part of the public record. Strategy’s Corporate Path And Index Eligibility Saylor explained why Strategy is not yet in the S&P 500. He said the company needed changes in fair value accounting and sustained profitability before it could be considered. Reports show the company only began its major Bitcoin purchases in 2020 and has since anchored much of its corporate strategy to the coin. That strategy continues to shape investor views of the company’s earnings and balance sheet. Featured image from Unsplash, chart from TradingView

Crypto pundit and legal expert Bill Morgan has humorously predicted that the XRP price will drop below $3. He ironically alluded to a series of bullish developments as what would contribute to the price crash. XRP Price To Crash Below $3 Amid Bullish Developments In an X post, Morgan predicted that the XRP price would drop $3 as he joked about how the altcoin keeps dropping despite bullish developments. This came as he highlighted Ripple’s partnership with DBS and Franklin Templeton to provide a trading and lending solution, powered by tokenized money market funds on the XRP Ledger and in stablecoins such as RLUSD. Prior to his prediction, the legal expert had also highlighted how the XRP price was down despite “all the good news,” which included the launch of the REX-Osprey XRP ETF. The ETF became the first U.S. fund to offer investors spot exposure to XRP. Morgan also alluded to the CME Group’s announcement of plans to launch options on XRP futures on October 13. Meanwhile, the Federal Reserve lowered interest rates for the first time this year, a development that was expected to be bullish for the XRP price. However, despite these developments, the crypto pundit noted that the XRP price was still down. He stated that it felt like “Déjà vu,” pointing to the period between 2018 and October 2024. Meanwhile, in another X post, the crypto pundit joked that he was afraid to post more good news over fear that the XRP price may keep declining. This came in reference to Coinbase’s announcement that in just one month, the Solana and XRP Perpetual-Style Futures have scaled exponentially. The crypto exchange announced that these futures have generated over $1.9 billion in notional volume, with more than 1.6 million contracts having been traded. “No Mystery” In Why XRP Is Down Bill Morgan eventually admitted that there is no mystery in why the XRP price is actually, noting that it was because of the Bitcoin price rather than all the “good news” he had earlier alluded to. He further remarked that this overwhelming reality and the most significant factor in the XRP price movement, which is heavily correlated with the BTC price dynamics. The legal expert added that this is consistent with Ripple’s expert evidence in the SEC vs. Ripple lawsuit. Crypto analyst CasiTrades also noted that the XRP price is taking a hit alongside Bitcoin and that because the altcoin failed to make a new local high, the door is open for a deeper correction. She stated that the altcoin could drop to between $2.92 and $2.94 as this aligns with both the .618 retracement and the measured C-wave extension. At the time of writing, the XRP price is trading at around $3, down in the last 24 hours, according to data from CoinMarketCap.

Highlights include US PCE, SNB, Flash PMIs, Aussie and Tokyo CPI Interest rates MON: PBoC LPR, EZ Consumer Confidence Flash (Sep) TUE: Riksbank Announcement, EZ/UK/US Flash PMIs (Sep) WED: CNB Announcement, Australian CPI (Aug), German Ifo Survey (Sep) THU: SNB Announcement, Banxico Announcement, BoJ Minutes, PBoC MLF, German GfK Consumer Sentiment (Oct), US Durable Goods (Aug), US GDP (Q2), US PCE (Q2) FRI: Japanese Tokyo CPI (Sep), US PCE (Aug), US University of Michigan Final (Sep) PBOC LPR/MLF (MON/THU) The PBoC is expected to leave its Loan Prime Rates unchanged for the fourth consecutive month, with the 1yr and 5yr rates seen steady at 3.00% and 3.50%, respectively, according to a Reuters survey of 20 respondents. The decision follows the PBoC keeping the seven-day reverse repo rate steady after the Fedʼs recent 25bps cut, with officials previously signalling that any adjustment to LPRs would only follow changes in the policy rate. Desks note that recent activity data showed broad weakness, raising calls for additional stimulus, albeit market watches cited by Reuters suggest resilient exports and a stock market rally have eased immediate pressure for stimulus. That being said, some desks suggest a non-zero chance of no action. Macquarie suggests incremental measures remain likely to secure the governmentʼs “around 5%” growth target, with a 10bp rate cut possible by year-end. Barclays, meanwhile, remains cautious on the size of fiscal support should the US-China trade truce hold RIKSBANK ANNOUNCEMENT (TUE) There is currently no newswire consensus ahead of the Riksbank decision, so taking a look at SEB, analysts expect the Bank to reduce its policy rate by 25bps to 1.75% (prev. 2.00%). Though it is worth highlighting that a SEB survey showed that the majority of respondents (64%) expect the Riksbank to keep rates steady in September, favouring a November cut instead. As a reminder, the Riksbank kept rates steady at the last meeting, as expected, and outlined that there was still some probability of a further interest rate cut this year, in line with the June forecast. Back to this meeting, inflation cooled a touch in August, with the core CPIF Y/Y metrics falling to 2.9% from 3.2%, and by more than the expected 3.1%. SEB highlights that while the metrics remain elevated, there are hints that the Riksbank was correct to suggest the summer upticks were driven by temporary factors. Inflation aside, economic activity data continues to remain weak, but there are some signs of recovery; the latest unemployment rate cooled slightly from the prior to 8.7%, GDP was weak, and consumer confidence is beginning to show signs of recovery. Overall, SEB favours a 25bps cut, suggesting that the cooling inflation plays in favour of a cut, though Nordea focuses on elevated inflation and recovering economic activity data, as justification for a hold. Further out, focus will be on the Bankʼs updated rate path. Currently, the MPR for Q4ʼ25 points to some chance of a further rate cut. If delivered in September, more focus will be on the path pencilled in for Q1/Q2ʼ2026 (currently 1.88%). EZ FLASH PMI (TUE) Expectations are for Septemberʼs manufacturing PMI to rise to 51.0 from 50.7, services to hold steady at 50.5 and the composite to tick higher to 51.2 from 51.0. As a reminder, the prior release saw the composite PMI metric move further into expansionary territory with the pace of expansion ticking up to a one-year high. This time around, Oxford Economics notes that the data “should offer a more complete picture of what growth looked like during Q3”. The desk adds that it expects “a small improvement in the Eurozone numbers, although at current levels, the PMI still suggests a weak pace of GDP growth. We think manufacturing activity will be slightly stronger than services, although with both measures close to the 50-point threshold, the difference is minimal, and growth is weak in both sectors”. From a policy perspective, with the ECB standing pat on policy earlier this month and the Governing Council judging that inflation is consistent with its target over the medium term, the data would need to show a sizeable deterioration to put the prospect of further rate cuts back on the table. As it stands, markets price just 4bps of loosening by year-end. Source: Try Newsquawk free for 7 days UK FLASH PMI (TUE) Expectations are for Septemberʼs services PMI to decline to 53.9 from 54.2, manufacturing to slip to 46.9 from 47.0 and composite to slide to 53.0 from 53.5. As a reminder, the prior release saw the August composite metric extend further into expansionary territory thanks to a jump in the services component. The accompanying report noted the data indicated “that the pace of economic growth has continued to accelerate over the summer after a sluggish spring, the rate of expansion now at a oneyear high”. This time around, analysts at Investec expect a sideways movement in the manufacturing PMI on account of caution ahead of the November budget. For the services sector, the desk also expects potential upcoming fiscal concerns to weigh on sentiment and sees a decline to 53.5, which would leave the composite at 53.0. Investec cautions that such an outturn would not “not necessarily carry a strong message for official value-added data”, noting that the correlation between the composite PMI and month-on-month GDP growth is far from perfect”. From a policy perspective, with inflation set to rise to 4% in September, the release will likely have little sway on BoE easing expectations, with just an 8% chance of a 25bps reduction in November priced by markets as policymakers await the Autumn budget later in the month. AUSTRALIAN CPI (WED) The August Monthly CPI Indicator is expected to rise to 2.9% Y/Y (prev. 2.8%), with Westpac seeing a firmer 3.1%, citing base effects. July CPI saw an upside surprise at 2.8% Y/Y (vs. exp. 2.7%), driven by a 0.9% M/M increase led by electricity, new dwellings, and holiday travel. Westpac suggests that for August, electricity costs in NSW and the ACT are set to ease as rebates are applied, partly offsetting further increases elsewhere, with the desk pencilling in a 3% rise in power prices. Overall, Westpac estimates headline CPI will lift just 0.1% on the month, pushing the annual pace higher to 3.1% Y/Y. “There is a high degree of uncertainty, with the recovery in homebuildersʼ margins a notable upside risk”, Westpac says. SNB ANNOUNCEMENT (THU) Interest rates Expected to maintain the policy rate at 0.0%, after cutting to the ZLB in June. Augustʼs inflation data was in line with market expectations for the Y/Y at 0.2% (prev. 0.2%) vs the 0.1% average the SNB looks for over Q3. Thus far, the trend of inflation is slightly hotter than the SNB forecast, and while the August M/M came in at -0.1%, this has happened before in recent months, with the SNB not significantly concerned on those occasions. Most pertinently, Chairman Schlegel has said the bar is high to go into negative territory, but they would do so if it were really necessary. During that interview, he also said the real appreciation of the CHF is not as significant as it appears, given the global price backdrop. Overall, the base case is for rates to be maintained at 0.00% with markets implying just a 5% chance of a cut into negative territory, with the focus more on December to see how the pricing picture has developed by then; but a number of desks are now of the view that the SNB is at the terminal point. Source: Try Newsquawk free for 7 days BANXICO ANNOUNCEMENT (THU) Interest rates Banxico is expected to cut rates by 25bps to 7.50%, according to all 24 analysts surveyed by Reuters. At the prior meeting, Banxico cut rates by 25bps to 7.75%, with Heath a hawkish dissenter, and the Committee noted the board will assess further adjustments to the reference rate. Since then, Mexicoʼs August CPI points to inflation that is softer at the headline level but still underpinned by stubborn core pressure, and as such, Pantheon Macroeconomics expect gradual disinflation to resume, with core ending 2025 near 3.9%, vs. Banxicoʼs projection of 3.7% in the prior meeting, anchored by tight financial conditions, weak demand and a firm MXN. Despite saying that, core inflation, particularly services, is proving resistant to faster disinflation, and PM adds that rising wages are feeding into services costs, limiting Banxicoʼs scope to accelerate easing. As such, Pantheon thinks rate cuts will continue at a 25bps pace in the coming meetings, with sticky core prices preventing a more aggressive stance. As always, attention will be on any commentary surrounding tariffs, given Mexicoʼs vulnerability to US measures. In the last week or so, the Mexican Economy Minister stated that a new tariff will be put on light vehicles and auto parts; raises tariff on cars from Asia, particularly from China, from 20% to 50%. TOKYO CPI (FRI) There are currently no forecasts for the Tokyo CPI, which precedes the Nationwide figure. Tokyo CPI Y/Y printed at 2.6% last month, with the Core Y/Y at 2.5%, and the “super core” Y/Y at 1.5%. The data will be watched ahead of the BoJ’s October 30th rate decision after Governor Ueda emphasised that the central bank will be watching data for effects from US tariffs, although he noted several times that the economy is withstanding the current tariff impact. On inflation, the governor noted the impact of rising food prices, including rice, is likely to dissipate, noting that while underlying inflation remains below 2%, it is approaching that level. He emphasised the importance of closely monitoring household inflation expectations, though he does not view the recent decline in short-term expectations as a concern. Ueda added that the latest CPI data is consistent with the Bankʼs outlook, and while food price inflation is not expected to have a large effect on underlying inflation, there remains a risk. He also acknowledged that higher inflation can negatively affect livelihoods, underscoring the need for vigilance. US PCE (FRI) After the PPI and CPI report for August, analysts were predicting Core PCE could see a rise between 0.28 and 0.35% M/M (vs 0.27% in July), according to the WSJ’s Fed watcher Nick Timiraos. He noted that the gap between core PCE and core CPI widened in August as prices for items with higher PCE weight fell, even as CPI core prices rose. Fed Chair Powell himself signalled that headline PCE will be at 2.7% Y/Y in August (vs 2.6% in July) and said goods inflation was adding between 0.3-0.4ppts to PCE inflation. Powell expects the core PCE in August to be at 2.9%. At their latest policy meeting, the Fed kept its median forecast for headline PCE at 3.0% in 2025, but raised 2026 to 2.6% from 2.4%, while maintaining 2027 at 2.1%; for the core measure, the Fed maintained its view for 3.1% in 2025, easing to 2.6% in 2026 (vs its June forecast of 2.4%), and then to 2.1% in 2027. Analysts at Barclays wrote that “with a core PCE inflation likely to print around 0.21% M/M for August, such projections imply that the median FOMC participant expects core PCE inflation to accelerate to around 0.27% M/M from September to December, likely as a result of tariffs.” However, the bank notes that officials raising inflation projections for 2026 presumably reflect more persistent effects of tariffs on inflation. The FOMC sees inflation returning to target in 2028. Others have also been noting that the Fed’s September policy statement reiterated that it is attentive to the risks on both sides of its dual mandate, but “judges that downside risks to employment have risen”, suggesting its focus is pivoting to the labour side of its mandate, rather than inflation. Copyright © 2025 Newsquawk Voice Limited. All rights reserved. Registered Office One Love Lane, London, EC2V 7JN, United Kingdom · Registered Number 12020774 · Registered in England and Wales. newsquawk.com · +44 20 3582 2778 · info@newsquawk.com Check out Economic Data Calendar The post Newsquawk Week Ahead: Highlights 22-26th September 2025 appeared first on Forex Trading Forum.

The Elon Musk-owned X social media platform has gone public with claims that a bribery network tried to pay its staff to bring back suspended crypto accounts. According to the company, middlemen acted on behalf of banned users, offering money to insiders in hopes of overturning account suspensions tied to scams and market abuse. Bribery Network And Methods Based on the company posts and follow-up reporting, the scheme did not involve direct contact between banned users and staff. Instead, intermediaries were paid to make offers and set up meetings with employees. Reports have disclosed that the operation targeted accounts tied to crypto fraud and coordinated manipulation. Some outlets say the network is linked to a wider cybercriminal group known in reporting as “The Com.” The Scale And The Links Law enforcement and platform teams are now looking into how broad the effort went. X’s Global Government Affairs team said it had identified multiple attempts, but did not list names or say how many staff were approached or whether any account was actually restored because of payments. Reports also connect the scheme to other online spaces; investigators say similar tactics have been used against other social services and gaming communities. Legal Action And Internal Review Based on reports, X has opened legal proceedings against people tied to the network and is working with outside authorities to share evidence. The GGA also says it will step up internal checks and audits to reduce the chance of employee collusion. At this stage, public filings or indictments have not been posted; the investigations are ongoing. Numbers And Context The platform has said it suspended hundreds of millions of abusive accounts in recent months — a figure some posts put at 335 million — as it moved to curb scams and bad actors on the site. Broader industry reports also note large losses from crypto phishing and fraud in recent periods, though those totals come from different compilations and are not tied directly to the bribery ring described by X. What This Means For Users For everyday users, the key risk is that banned accounts tied to scams could be brought back if internal controls fail. Reinstated scam accounts can spread phishing links, false giveaways, and other fraud quickly. Reports say X is trying to limit harm by pursuing wrongdoing in court and tightening how account actions are approved. Featured image from Unsplash, chart from TradingView

The US dollar fell through the first part of last week and lows for the year against sterling G10 currencies were set in the initial reaction to the rate cut by the FOMC. However, Chair Powell press conference and a look at the Summary of Economic Projections were not as dovish the rate cut and concerns about the deterioration of the labor market seemed to suggest. US yields rose and the dollar recovered, with new highs for the week seen ahead of the weekend. There appears to be scope for additional near-term modest US dollar gains. They should be understood as corrective in nature. Given that the thunder from PCE deflator has already been stolen by the CPI and PPI, and the dispersion of Fed views, the focus may not be so much on US data as the 14 (of 19) Fed officials who will be speaking next week, including Chair Powell on Tuesday, September 23. The preliminary September PMI may be more important for Europe than the US, Japan, or Australia, but the bar to another ECB rate cut seems high. The two hawkish dissents from the BOJ's decision to stand pat encouraged the market to nudge up the odds a hike this year to about 72% from about 62% at the end of last week. It is the highest since late August. And the small rise in the Tokyo CPI, the first in four months, may push on the open door. US Drivers: The dollar remains most sensitive to changes in US interest rates. Encouraged by the latest Summary of Economic Projections, the market has a rate cut fully discounted for next month and about a 75% chance of a cut at the December meeting as well. Yet, the pendulum has swung quite far, and until at least the next jobs report (Oct 3), it is hard to see the chances of a faster pace. As has often been the case, the market had one reaction to the Fed's statement and another to Fed Chair Powell's press conference. In the week ahead nearly 3/4 of Fed governors and regional presidents will speak. Keep in mind the wide dispersion of views. Powell speaks on Tuesday. Data: There are US economic reports due every day in the week ahead. Two reports stand out and they are both in the second half of the week. Thursday sees a slew of data at 8:30 ET and given the tariffs the advance goods trade figure will draw interest, and the following day, personal income, consumption, and deflators are due. If job growth has been dramatically overstated, it would seem to imply income would have also likely been exaggerated, the fuel for consumption. Personal income rose by an average of 0.4% a month in H1 25, the same as in in both H1 24 and H2 24. Personal consumption has slowed. It was flat in H1 25 after rising by an average of 0.2% a month in H1 24 and 0.4% in H2 24. Prices: The Dollar Index eked out a small gain last week to snap a two-week decline. It faces initial resistance in the 97.90-98.00 area. A move above 98.25 could spur a move toward 98.70. The momentum indicators look poised to turn higher. A break below 97.00 would call this constructive near-term outlook into question. EMU Drivers: The US side of the equation continues to be the dominant force. Neither the fifth new French prime minister in two years, nor NATO shooting down Russian drones over Poland deterred the market from taking the euro to new multi-year highs. Putin and Trump suggested was it was a mistake that the drones entered Poland's airspace, and by that they seemed to imply an "innocent" error (Warsaw disagreed). British and French fighter planes were sent to help protect Poland's airspace. Estonia's airspace was violated before the weekend. With the market discounting nearly 50 bp of Fed rate cuts in Q4, a new development may be needed to get sentiment to swing further. Similarly, the US two-year premium over Germany fell to about 150 bp last week, down 50 bp since the end of July, but appears to have found a near-term bottom. Corrective pressures may also support the dollar. Data: The data highlights are Tuesday's preliminary PMI and Thursday's money supply and lending figures. The central bank has made it clear that the bar is high for another rate cut, so the data, which may not typically have much impact on the exchange rate, may have even less. Prices: The euro reversed lower during the Fed's press conference in the middle of last week after setting a new four-year high near $1,1920. It proceeded to weaken and reached about $1.1730 before the weekend. A break of the $1.1720-25 area could signal a move toward $1.1650-60. The momentum indicators appear set to roll over. PRC Drivers: The PBOC continues to gently allow the dollar to fall against the yuan. That is a fact. The explanation for why seems to be guesswork. One idea that has been suggested it is some concession to help pave the way for a Trump-Xi summit later this year. This seems to make it seem as if China has the weak hand. Yet, it has demonstrated that with the current tariffs, it has replaced the lost demand from the US. Previously, the US seemed threatened by Chinese efforts to secure advanced US chip technology. Now it is frustrated that Beijing is deterring companies from buying the new Nvidia chip. China also has dramatically reduced its purchases of US energy and soy. Beijing appears to have found workarounds the US primary and secondary export controls. Beijing has also demonstrated its dominance of the rare earths supply chain. There does seem to be a conscious effort on the part of the US administration not to antagonize China right now. It has turned down a Taiwanese request for several hundred million dollars of weapons and Treasury Secretary Bessent explicitly endorsed the yuan's rise against the dollar this year (~2.5%) and suggested the exchange rate was more a problem for Europe. Data: There is little chance that the loan prime rates will be cut this week. The one-year rate is 3.0% and the five-year rate is 3.50%. They have been cut once this year, in May, by 10 bp. China reports August industrial profits next weekend. It is likely far too early to expect much sign of the campaign against over-investment. We have suggested the over-investment is a rational response to the access to patient bank capital and the formal and informal incentive structure of local governments (or officials). Prices: The dollar recorded the low for the year against the offshore yuan in the middle of last week, near CNH7.1850. As the greenback corrected higher broadly, it recovered to approach CNH7.12 before the weekend. A move above the CNH7.1270 area would target the CNH7.15 area next. Japan Drivers: The exchange rate continues to seem more sensitive to changes in the US interest rates than the interest rate differential or Japanese rates. That said, October 3-4 may be the next key events. The former is when the US September employment report will be released, and the latter is the LDP leadership election. Data: The local market tends not to react much to the PMI. For the record the composite PMI rose in three consecutive months through August, and at 52.0, it matched the high since last August. The market is more sensitive to Tokyo's CPI, due at the end of the week. It is reported several weeks ahead of the national figures but provides a robust signal. Tokyo's headline CPI has fallen for three consecutive months since August. It peaked in January and again in April and May at 3.4%. In August it was at 2.6%. The core rate, which excludes fresh food, also has fallen for three months and is at 2.5%. It finished last year at 2.4%. Both the headline and core are expected to have edged up in September. The two hawkish dissents at the BOJ's meeting last week that left rates steady boosted speculation of a rate hike in Q4. Prices: In the immediate reaction to the FOMC announcement and the drop in US rates, the greenback was sold to a two-month low near JPY145.50, near (50%) retracement of the dollar's rally from the year's low set in April (~ JPY139.90), before recovering smartly. The gains stalled in the JPY148.25-30 area, near the downtrend line connecting the August and September highs. The next technical target is the JPY148.65-85 area, though it is likely predicated on a continued rise in US rates. UK Drivers: The broad direction of the dollar, especially against the euro, appears to overshadow domestic British developments. Still, the exchange rate is also sensitive to changes in long-term UK interest rates, but in a different way than we suggested with the US dollar. In the UK, higher 10- and 30-year yields are inversely correlated with changes in sterling. Data: It is a light calendar week for the UK. The main feature is the preliminary September PMI. It is one of the bright spots. The composite PMI rose to 53.5 in August, the highest since last August. The larger than expected budget deficit reported last week underscores concern about the will likely grow ahead of Chancellor Reeves Autumn Budget in late November. Prices: Sterling's rally that began on September 3, near $1.3335, peaked last week on the FOMC decision near $1.3725. It reversed lower and was sold slightly below $1.3465 ahead of the weekend. It settled near session lows, and the momentum indicators are turning lower. Additional near-term losses are likely. Nearby support may be around $1.3430-35. A convincing break could signal a move back into the $1.3335-65 area. Canada Drivers: The US dollar's general direction appears to be the most important factor for the Canadian dollar. But the Canadian dollar also seemed independently weak. The greenback bottomed against the Canadian dollar on June 16, a couple of weeks before the Dollar Index, the euro, or sterling set their extremes. From the following three months, the Canadian dollar has been the weakest of the G10 currencies, having fallen by about 1.2%. Yet ahead of the weekend, as the greenback strengthened, the Canadian dollar was the best performer, sufficiently so to take the top position among G10 currencies for the week, rising by about 0.50%. Data: The data highlight comes at the end of the week in the form of the July GDP. Canada's monthly GDP contracted every month in Q2. The quarterly calculation showed a 1.6% contraction annualized. That expects explain why the Bank of Canada cut rates last week. The swaps market is discounting about a 55% chance of a hike next month and an 88% chance at the last meeting of the year in December. Prices: Short-term momentum traders appear to have gotten caught the wrong way, and the Canadian dollar recovered from the initial sell-off ahead of the weekend. The greenback initially rose and pushed to CAD1.3825, meeting the (61.8%) retracement of the leg lower from the September 11 high (~CAD1.3890). It reversed lower and fell to nearly Thursday's low (~CAD1.3765). A break of that area could signal a return the recent low near CAD1.3725. That, in turn, could be the neckline of a topping pattern, which if/when convincingly violated, could project back to the low for the year set in July near CAD1.3540. Australia Drivers: Although the Australian dollar and the Canadian dollar have gone in opposite directions this month, the rolling 30-day correlation is robust near 0.70, the lowest in almost two months. It is interesting that inverse correlation (30 days) of changes in the Australian dollar and the US dollar against the offshore yuan has been trending since early August from -0.80 to around -0.40. Data: The PMI tends not to elicit much of a reaction in Australia. Still, the composite PMI is risen sharply from 50.5, the low for the year in May, to 55.5 in August, the highest in at least three years. New orders are also at their highest level in at least three years. In the middle of the week, the August CPI print is due. After falling in May and in June, it jumped to 2.8% in July (from 1.9%). It was the highest since last July. The combination of the two helps explain why the market has retreated from its more aggressive outlook for the trajectory the monetary policy. The year-end rate implied by the futures market is near 3.30%, the highest in nearly four months. Prices: The Australian dollar posted a key reversal last Wednesday by making a new high for the year (slightly above $0.6705) and reversing lower during Fed Chair Powell's press conference and settling below the previous day's low. Follow-through selling took it to around $0.6585 before the weekend. This overshot the (50%) retracement of the rally from the September 2 low (~$0.6485). The next target is the $0.6560-75 area, and then $0.6500-25. The momentum indicators are rolling over, lending credence to corrective view. Mexico Drivers: The peso (and several other Latam currencies) offer attractive interest rate pick-up for dollar-based investors or for short-dollar carry-trades. Mexico's plan to hike the tariff on trade partners with no free-trade agreement (notably China, East Asia, and Russia) will help the negotiations with the US even if President Sheinbaum says that the tariffs are meant to protect domestic jobs. Mexico and Canada are also working toward closer ties. Data: There are two highlights in the week ahead. On Wednesday, Mexico reports CPI for the first half of September, and barring a significant surprise, the central bank will cut its overnight target rate a quarter-point to 7.50%, amid heightened concern about the trajectory of the economy and encouraged by the continued strength of the peso. The swaps market anticipates a terminal rate of 7.0%. We suspect it may be a little lower. Prices: The dollar recorded a new low for the year near MXN18.20 on the Fed's announcement and reversed higher, reaching almost MXN18.3450 before the day was over. Follow-through dollar buying saw it approach the week's high before the weekend a little below MXN18.47. A move above MXN18.50-MXN18.51 would strengthen ideas that a low is in place. The price action suggests some caution ahead the Banxico meeting. Near-term potential may extend into the MXN18.56-60 area. Disclaimer