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Gold prices are declining for the second consecutive day from record highs after volatility triggered by the Fed's actions. For the second day in a row, gold prices are retreating from record highs after volatility sparked by the Fed's moves. The metal broke below $3658 and the 50-period Simple Moving Average (SMA) on the 4-hour chart, shifting momentum to the downside. This opens the way toward the psychological level of $3600, with stronger support seen in the $3565–3578 level, where the 100-SMA on the 4-hour chart is located. The $3658 level, together with the 50-period SMA, now acts as resistance, capping any rebound attempts from current levels. A breakout above this zone would pave the way for another test of the $3700–$3707 level. A decisive move beyond the record high would trigger continuation of the bullish trend. The Relative Strength Index (RSI) remains in negative territory on the 4-hour chart, reinforcing the bearish momentum. If gold fails to recover above $3658, near-term risks remain skewed to further downside. However, it is worth noting that this is a short-term development, as oscillators on the daily chart remain in positive territory, retreating from overbought conditions, which keeps the broader outlook for gold tilted to the upside. The material has been provided by InstaForex Company - www.instaforex.com

Gold and Silver are subject to immediate pressure as the US Dollar regains strength and reputation after yesterday's FOMC meeting. The challenged independence of the Fed was a major driver behind the immense rally metals enjoyed from late August into early September, as Powell’s shift in tone from the Jackson Hole conference cast doubt on the Fed’s consistency amid still high inflation. Yet the dovish stance advocated by Bowman and Waller, seen as President Trump's protege-appointees ahead of the Sep FOMC—was vindicated by subsequent NFP misses and the downward revisions in BLS data. This is leading to the Federal Reserve regaining back some of its lost confidence throughout the past few months. Dollar Index and Metals comparative Performance since beginning August, September 18, 2025 – Source: TradingView Silver rallied 18.67% from its July 31st trough to its Tuesday peak, while Gold surged from $3,268 on July 30th to fresh all-time highs at $3,707. Despite the ongoing pullback, prices remain near their highs. Still, the balance is tilting towards a more neutral trend: With Powell delivering a less dovish message than markets had priced in, the renewed resilience of the US Dollar could set the stage for tighter price action ahead. Let's dive into two timeframe charts for both Gold (XAU/USD) and Silver (XAG/USD) to see where the current trading takes us and where to look going forward. Read More:US Stock Market rally: Fed’s 25 bps cut, Nvidia-Intel Deal, and strong Jobless Claims fuel gainsNZDUSD weakens sharply after the FOMC, losing 2% in two daysUSD/CAD Outlook: Head and Shoulder Pattern in Play as Fundamentals Provide Interesting DilemmaGold and Silver two-timeframe pictureGold (XAUUSD) Daily Chart Gold (XAUUSD) Daily Chart, September 18, 2025 – Source: TradingView Gold responded remarkably to the technical-Fibonacci induced resistance mentioned in our most recent Gold analysis. We precedently expressed how overbought levels don't imply tops, particularly amid strong performance and momentum. However, Daily RSI is starting to shape downwards and may not help to sustain the current levels. There is still an ongoing consolidation that is happening from the intermediate lows, which demands a closer look. Gold (XAUUSD) 2H Chart and levels Gold (XAUUSD) 2H Chart, September 18, 2025 – Source: TradingView Selling momentum is currently stalling but the bigger timeframe outlook is showing signs of slowdown within the current trend, particularly when seeing the broken upward trendline that led to the new $3,707 All-time Highs. Look for breakouts either above or below the Micro support and resistance zones, with their levels detailed just below. Levels of interest for Gold trading:Support: Micro support $3,620 to $3,630Previous ATH and now long-term Pivot around $3,500 (+/- $15)Previous Range Highs $3,400 to $3,450 (minor support)$3,300 Major Support$3,000 Main psychological levelResistance and potential technical targets (due to all-time highs, can only use potential targets): Micro resistance $3,660 to $3,675FOMC and All-time highs Highs $3,707Fibonacci-Extension 1 from April Lows to April highs ($3,640 to $3,705) (Immediate resistance)Potential, Fibonacci-Extension 2 from 2018 to Oct 2024 induced target: $3,750 to $3,815 (Purple square on Weekly)Silver (XAGUSD) Daily Chart Silver (XAGUSD) Daily Chart, September 18, 2025 – Source: TradingView Since our most recent Silver Analysis, prices did effectively break out of its daily upward channel but found technical resistance (to complement the fundamental resistance) at the higher bound of the Higher timeframe channel (in Blue). Look at the Daily RSI also showing some type of divergence – Overall, despite the action still hanging at the highs, it looks like some intermediate correction might come into play. Let's have a closer look. Silver (XAGUSD) 2H Chart and levels Silver (XAGUSD) 2H Chart, September 18, 2025 – Source: TradingView The selling from this yesterday to this morning's session has stalled a bit and short-term momentum is back to neutral. Prices are now contained between an short-term resistance and support zone, in the ongoing $41.20 to $42 range. Levels to watch for Silver (XAG) trading: Resistance Levels: $42 psychological level and micro-resistance50-Period MA 50 42.17$43 to $44 resistance (Most recent peak $42.97)August 2011 $44.25 topSupport Levels: Micro resistance around $41.20$39.50 to $40 key pivot zone$38.75 to $39 Key levels2012 Highs Support around 37.50 Safe Trades! Follow Elior on Twitter/X for Additional Market News, interactions and Insights @EliorManier Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2025 OANDA Business Information & Services Inc.

Bitcoin is targeting the $118,000 level, reigniting bullish momentum and fueling speculation of a potential push toward a new all-time high. With buyers regaining control after recent volatility, this breakout could open the path toward $120,000 and beyond. Pullback Seen As Final Shakeout Before Rally Crypto VIP Signal, in a recent update, pointed out that Bitcoin experienced a sharp pullback yesterday after news of a rate cut, coupled with remarks from Jerome Powell, triggered a wave of volatility. The decline caught the attention of traders across the market, but the expert’s analysis suggests that this movement is more likely a final shakeout rather than the start of a broader correction. Interestingly, despite the pullback, Bitcoin has quickly shown signs of resilience. This recovery suggests that the underlying demand for BTC remains intact, and market participants are still confident about its bullish trajectory. Crypto VIP Signal emphasized that the most critical level to watch in the short term is $118,000. A successful breakout above this resistance would serve as a strong bullish confirmation, potentially accelerating the rally toward $120,000. If achieved, this would not only mark another key milestone but also signal that Bitcoin remains firmly within a bullish cycle, raising the likelihood of a new all-time high on the horizon. Bitcoin Bollinger Bands Signal Possible Path To $120,000 Based on the latest BTC update from EGRAG CRYPTO, the bullish outlook for Bitcoin is being reinforced by key technical indicators. The report highlights that a decisive close above the middle upper section of the Bollinger Bands (BB) could be the catalyst needed to propel the price higher. Analysts often interpret this technical formation as a sign of building momentum and can spark a breakout from a period of consolidation. If Bitcoin successfully achieves this, it would pave the way for a run toward the significant $120,000 resistance level. The update paints a highly optimistic picture for the short term, suggesting that a new record could be within reach. According to EGRAG CRYPTO, should BTC manage to break through and sustain a price above $120,000 today, it may set a new all-time high. Basically, this milestone might trigger a fresh wave of investor excitement and market liquidity as the price moves into uncharted territory. Despite the strong bullish sentiment, the analysis includes a critical warning for traders. The $117,300 mark is identified as a crucial level to watch. If the price encounters a strong rejection at this point, it could trigger a temporary reversal to the $113,300 support level.

On Thursday, the Japanese yen took a defensive stance against the U.S. dollar. The USD/JPY pair is rising for the second straight day, recovering after briefly dropping to its lowest level since July 7, immediately following the Federal Reserve's rate decision. At the time of writing, the pair is trading near the psychological level of 148.00, up nearly 0.75% on the day. This strength is driven by dollar gains, while traders await two key events on Friday: Japan's national Consumer Price Index (CPI) and the Bank of Japan's final rate decision. The Bank of Japan is expected to keep its benchmark rate at 0.50%, with investor focus on Governor Kazuo Ueda's outlook. The Japanese economy has shown resilience: Q2 GDP was revised to an annualized growth of 2.2%, and the output gap turned positive for the first time since 2023 (+0.3%), signaling a recovery in domestic demand. Inflation remains above target, with key indicators holding around 3%, despite projections of a gradual slowdown to 2% over the next year. Despite stronger growth and above-target inflation, the BoJ is unlikely to rush into tightening monetary policy. Real wages remain under pressure, limiting household consumption, while increased political uncertainty following Prime Minister Shigeru Ishiba's resignation reinforces expectations for cautious central bank action. October and December remain potential dates for a rate hike. Friday's CPI report for August will be decisive in assessing inflationary pressures. In July, annual inflation eased to 3.1% from 3.3% in June. The core index, excluding fresh food, also fell from 3.3% to 3.1% and is forecast to decline further to 2.7% in August, pointing to easing core inflation. Meanwhile, the index excluding food and energy remained stable at 3.4% in June and July, highlighting persistent domestic price pressures. Against this backdrop, the policy divergence remains central. The Fed cut interest rates by 25 basis points for the first time since December 2024, while the BoJ maintains a more cautious stance, keeping policy unchanged but leaving the door open to future tightening as inflation stays above target. From a technical perspective, the breakout above horizontal resistance at 147.50 and the round level of 148.00 favored the bulls, but the pair failed to sustain gains above that level. Still, oscillators have turned positive, confirming an upbeat outlook. Holding above 148.00 would open the way toward the 200-day Simple Moving Average (SMA), currently near 148.70, before testing the 149.00 round level. On the other hand, support is seen near 147.50 ahead of the 147.00 psychological level. A decisive break below this zone would pave the way for deeper losses. The material has been provided by InstaForex Company - www.instaforex.com

On Thursday, the euro began the North American session with a 0.2% gain against the U.S. dollar, recovering part of the positions lost earlier during European trading. The EUR/USD pair is paying little attention to the persistent political instability in France. The political situation in France remains a significant source of uncertainty, with French 10-year government bond yields now exceeding Italian equivalents. The new prime minister is struggling to secure support from the Socialist Party, while hardline remarks by National Rally leader Marine Le Pen on Wednesday fueled speculation about the potential dissolution of parliament or even the resignation of President Macron. As for the U.S. dollar, the dollar index, which tracks the currency against a basket of six major counterparts, shows slight gains after a sharp rebound from this year's new low of 96.14, reached immediately after the Federal Reserve's rate decision. The index is now fluctuating in the 97.40–97.50 level.On Wednesday, the Fed cut its benchmark rate for the first time since December, lowering it by 25 basis points to a target range of 4.00–4.25%. This move had largely been priced in, so market attention shifted to the updated dot plot and Fed Chair Jerome Powell's press conference. The median rate projection for 2025 declined, pointing to an additional 50 basis points of easing to 3.50–3.75% by year-end. Projections for 2026 and 2027 were also revised down to 3.4% and 3.1%, before stabilizing around 3.0%. At the press conference, Powell described the move as a "risk-management rate cut," emphasizing that monetary policy "is not on a preset course" and will be decided "meeting by meeting." He noted that the balance of risks had shifted compared with the start of the year: weakening employment now offsets persistent inflationary pressure. Reaffirming the Fed's commitment to restoring inflation to 2%, Powell stressed there was no broad support for a larger 50-basis-point cut and said the central bank saw no need to rush decisions on rates. Powell's cautious comments helped the dollar strengthen, as traders scaled back expectations for rapid rate cuts. The dollar also found support from fresh U.S. economic data on Thursday: initial jobless claims fell to 231,000 for the week ending September 13, beating forecasts of 240,000. The previous week's figure was revised upward from 263,000 to 264,000. In addition, the Philadelphia Fed manufacturing index for September surged to 23.2, far above expectations of 2.3 and rebounding from -0.3 in August. From a technical perspective, daily chart oscillators are positive, prices are still trading above the 9-day EMA and above the 1.1770 level. The 9-day EMA also remains above the 14-day EMA, confirming the positive outlook for now. Despite the recent pullback erasing much of the bullish momentum, indicators have not yet confirmed a bearish shift. The table below shows the percentage change of the U.S. dollar against major currencies today. The U.S. dollar was strongest against the New Zealand dollar. The material has been provided by InstaForex Company - www.instaforex.com

The wave structure on the 4-hour chart for EUR/USD has remained unchanged for several months, which is very encouraging. Even when corrective waves form, the integrity of the structure is preserved. This makes accurate forecasting possible. I should remind you that wave counts rarely look textbook-perfect. Right now, however, they look very good. The construction of the upward trend section continues, while the news background mostly supports everything but the dollar. The trade war initiated by Donald Trump continues. The confrontation with the Fed continues. The market's dovish expectations regarding Fed policy are growing. Market participants rate the results of Trump's first six to seven months very poorly, despite second-quarter economic growth of 3%. At this stage, it can be assumed that the construction of impulse wave 5 is ongoing, with potential targets reaching as high as the 1.25 level. Within this wave, the structure is fairly complex due to the sideways movement observed over the past month. Still, waves 1 and 2 can be distinguished, leading me to believe that the instrument is now in wave 3 of 5. The EUR/USD rate declined slightly on Wednesday and Thursday, which can be seen as an illogical move. On Wednesday evening, the outcome of the Fed's sixth meeting of the year was announced. Market expectations were entirely dovish. Everyone is now convinced of at least two rounds of monetary easing before year-end. However, given the last four labor market reports and the dubious growth of the U.S. economy in Q2, market participants are now expecting more from the regulator—specifically, two more rounds in addition to Wednesday's. As expected, the FOMC unanimously approved easing, but as I noted yesterday, such a decision does not automatically make the Committee dovish. Most Fed governors lean toward two or three easing rounds this year, including September's. Another cut is "planned" for next year, but clearly the "dot plot" should not be called a plan. Wednesday's decision was one the Fed had no choice but to take. But there is a big difference between cutting rates several times and cutting them at every meeting until they reach a level that satisfies Trump. Wednesday's vote reflected how future Fed meetings will proceed. Mr. Miran, who has been a governor for all of two days, will vote for 50-basis-point cuts at every meeting, Waller and Bowman will push for 25, and everyone else will decide based on economic data. Three doves are not enough to keep lowering rates beyond the currently expected two to three rounds. General ConclusionsBased on this EUR/USD analysis, I conclude that the pair continues to build an upward trend section. The wave structure remains entirely dependent on the news background linked to Trump's decisions and the domestic and foreign policies of the new White House administration. Targets for the current trend may extend up to the 1.25 level. Since the news background remains unchanged, I continue to hold long positions, despite the completion of the first target near 1.1875, which corresponds to 161.8% Fibonacci. By year-end, I expect the euro to rise toward 1.2245, equal to 200.0% Fibonacci. On a smaller scale, the entire upward section is visible. The wave count is not perfectly standard since corrective waves vary in size. For example, the larger wave 2 is smaller than the inner wave 2 in 3. But such cases do occur. I remind you that it is best to identify clear structures on the chart rather than tie yourself to every wave. At present, the bullish structure raises virtually no doubts. Key Principles of My Analysis: Wave structures should be simple and clear. Complex structures are difficult to trade and often change.If there is no confidence in what is happening in the market, it is better to stay out.There can never be 100% certainty about market direction. Always use protective Stop Loss orders.Wave analysis can be combined with other types of analysis and trading strategies.The material has been provided by InstaForex Company - www.instaforex.com

The pound reacted with a slight decline to the Bank of England's decision to keep the interest rate at 4%. The regulator also left open the prospect of a further rate cut later this year due to growing concerns about a resurgence of inflation. The Monetary Policy Committee voted 7–2 on Thursday to keep rates unchanged. Swati Dhingra and Alan Taylor, long-time supporters of a dovish stance, backed another quarter-point cut. Economists had expected such a decision and a split vote. In its accompanying statement, the Bank of England noted that inflation remains above the 2% target and that there is a risk of further acceleration. The regulator also stressed that it is closely monitoring developments in the labor market, where rising wages could fuel inflation. Market reaction to the Bank of England's decision was muted. The pound posted a slight decline as investors digested the news of unchanged rates and the uncertainty surrounding future policy. The Committee also warned that any future cuts would be gradual and cautious, depending on the extent to which underlying disinflationary pressure continues to ease. It added that medium-term inflation risks remain significant in its assessment. "While we expect inflation to return to our 2% target, we are not yet out of a difficult situation," Governor Andrew Bailey said. The Bank noted that greater progress has been made in reducing wage pressures than in lowering prices, adding that the recent rise in inflation could intensify pressure on both. The Bank of England's statements confirm the more cautious tone maintained since the last meeting in August, prompting traders to scale back bets on future cuts. This followed official data earlier this week showing that inflation is nearly double the Bank of England's 2% target and signs of stabilization in the labor market. The situation in the UK contrasts sharply with the Federal Reserve, which on Wednesday cut rates and is expected to follow up with several more reductions. Against this backdrop, medium-term growth of the pound against the U.S. dollar remains likely. As for the current technical picture of GBP/USD, buyers need to reclaim the nearest resistance at 1.3670. Only then will it be possible to target 1.3720, a level that will be difficult to break above. The ultimate target stands at 1.3773. In case of a decline, bears will attempt to regain control at 1.3625. If successful, a breakout of this range would deliver a serious blow to bulls and push GBP/USD toward the 1.3590 low, with the prospect of extending to 1.3555. The material has been provided by InstaForex Company - www.instaforex.com

XRP has been subjected to bold predictions about its future value in the crypto community this cycle. One such prediction came recently from Versan Aljarrah, better known as Black Swan Capitalist, who noted that the stage is set for XRP to hit the $100 mark. Here, he outlined a roadmap on social media that explains how XRP could scale from today’s modest $3 price levels to $100, $1,000, and even beyond. Big Players Need To Start Stacking According to Aljarrah, XRP’s first push to $100 is dependent on accumulation by big players. This is very important, and recent market dynamics have quietly increased this accumulation trend, especially as institutional investors are now anticipating the launch of a Spot XRP ETF anytime soon. Banks, financial institutions, and long-term investors are believed to have been quietly stacking XRP. This steady absorption of supply is creating the perfect conditions for a supply shock. On the demand side, XRP’s growing adoption in cross-border settlements and liquidity transfers provides a strong transactional base. When falling supply meets rising utility, the price could escalate quickly, and as such, the analyst noted that the stage is set for the token to hit the $100 mark. Moving beyond $100 requires factors that are far greater than only accumulation by big players. According to Aljarrah, moving from $100 to $1,000 requires widespread integration into the global financial system. In order to reach the $1,000 mark, the altcoin would need to switch from retail speculation and become deeply integrated into the financial system and become the go-to digital collateral and a preferred settlement layer. In this scenario, banks, stablecoin issuers, and tokenization platforms would rely on XRP for large-scale liquidity management and high-value settlements. This would cause the velocity of money and total value flowing through the XRP network to expand, and each XRP token would carry a larger share of global activity. This demand is enough to push its valuation to $1,000. Recurring $100 And $1,000 Predictions Aljarrah’s forecast aligns with past bold calls from other voices in the XRP community. Analysts such as EGRAG CRYPTO, Austin Hilton, and BarriC, and even discussions within XRP circles on social media and trading platforms, have suggested that $1,000 is possible under adoption in the realm of traditional finance. These predictions vary in their timelines and assumptions but converge on the idea that XRP’s price potential is linked directly to its ability to absorb global liquidity. The idea of XRP going beyond $1,000 and reaching as high as $10,000 under full-scale utility, as Aljarrah suggested, is extreme, but it is possible if XRP reaches its full-scale utility and infinite scalability. At the time of writing, XRP is a long way from reaching the projected $100 and $1,000 price targets. XRP has been inching upward steadily this week. It is now trading at $3.10, up by 2.9% in the past 24 hours.

A surge in supply from the Congo, responsible for 80% of the world’s cobalt output, coupled with tepid demand from the electric vehicle market, saw cobalt prices sink to historic lows at the start of 2025. Copper production in the DRC, with a big chunk owned by Chinese companies, was rising fast – leading to a near 40% jump in the country’s co-product cobalt output in 2024, but in February the country announced a four month ban on exports, extending it again in June. The price of cobalt sulphate entering the EV battery supply chain in China duly responded and is now trading over 90% higher than at the start of the year averaging $6,947 a tonne in August (still nowhere near the 2022 peak of $19,000 per tonne). Cobalt consumption in EV batteries overtook other sources of demand like aerospace several years ago and the impact of the DRC strategy has been swift. The latest data from Toronto-based research consultants Adamas Intelligence tracking EV battery metal deployment in over 120 countries paired with monthly prices shows the cobalt market springing back into life. The size of the battery cobalt market in August totalled an estimated $180.1 million, the highest since December 2022, lifting the value of sales weighted average cobalt contained in tandem. The average value of the cobalt contained in EV batteries is back up above $70 per vehicle, up from less than $40 at the start of the year. In total, installed tonnage of nickel, cobalt and manganese now represent more than half the value of the battery metal basket that came to $1.28 billion in August. That’s despite the accelerating adoption of LFP (lithium iron phosphate) battery chemistries over NCM (nickel-cobalt-manganese). Cobalt use is also being impacted by the move towards high nickel cathodes with chemistries with less than 10% cobalt content now dominant globally. The value of terminal nickel, cobalt and manganese tonnes deployed in EVs, including plug-in and conventional hybrids, sold around the world from January through August this year totalled $4.93 billion. Keeping in mind that the installed tonnage does not take into account any losses during processing, chemical conversion or battery production scrap (often well into double digit percentages), so required tonnes and revenues are meaningfully higher at the mine mouth. Output in the Congo from CMOC, the world’s top producer of cobalt, has been rising while number two producer Glencore warned last month that a significant portion of its cobalt output may remain unsold by the end of 2025. The impact on the market and pricing – should Kinshasa ease restrictions – and when the stockpiled cobalt begins to re-enter the supply chain remains to be seen. The US Defense Department is not waiting for that eventuality, however, and has issued a tender (the first time since 1990) for the supply of 7,500 tonnes over five years. Helpful, but nowhere near enough to mop up supply should Congo decide to reopen the floodgates. For a fuller analysis of the EV battery metals market check out the October issue of The Northern Miner print and digital editions. * Frik Els is Editor at Large for MINING.COM and Head of Adamas Inside, providing news and analysis based on Adamas Intelligence data.

Tax-Friendly States for Retirees: Best Options for High-Income Households Executive Summary: Where you live in retirement can quietly add or subtract six figures from your lifetime tax bill. This guide highlights the most tax-friendly states for retirees, flags common “gotchas” for high earners (capital gains, estate and inheritance taxes, and property-tax rules), and gives you simple checklists and scenarios so you can compare options with confidence. Why State Choice Matters for High-Income Retirees Federal taxes get the headlines. Yet your state can be the difference between easy cash flow and constant drag. If your income comes from investments, business interests, or occasional large gains, the wrong domicile makes every year more expensive. Conversely, the right state lowers your effective rate and protects more of your legacy. Move once, benefit every year. For high earners, the math compounds fast, especially when a liquidity event bumps you into a higher bracket. What Makes a State “Tax-Friendly” for Retirees? For higher-income households, seven levers matter most. When you compare states, weigh each one against your plan. State income tax on wages and investment income (interest, dividends). Rules for Social Security and retirement distributions. Capital gains treatment, including any stand-alone state tax. Estate and inheritance taxes that reduce what heirs receive. Property tax levels plus homestead protections and assessment caps. Sales and use taxes on big-ticket spending and services. Local quirks (county add-ons, surcharges, unique exemptions or credits). Focus on the levers that touch your actual income streams. That’s where the savings show up. Most Tax-Friendly States for Retirees (High-Income Edition) These seven states are frequent winners for high-income retirees because they combine no broad state income tax with predictable property-tax rules and no state-level “death taxes.” Always check county-level differences before you buy; local math still matters. State Wage Income Tax Capital Gains (State Level) Estate / Inheritance Tax Property Tax Notes Florida None No separate state tax None Florida’s Save Our Homes limits annual assessed-value increases on homesteads to the lesser of 3% or CPI and allows portability of the benefit to a new homestead if claimed within 3 years. Texas None No separate state tax None Generally higher property taxes; plan cash flow and use homestead exemptions. Tennessee None No separate state tax None Property taxes are often moderate; competitive overall cost of living. Nevada None No separate state tax None Rates vary by county; sales taxes fund services in lieu of income tax. Wyoming None No separate state tax None Typically low property taxes; popular for simple planning. South Dakota None No separate state tax None Simple statewide framework; property taxes manageable in many counties. New Hampshire New Hampshire has no tax on wages, and its tax on interest and dividends was fully repealed for tax periods beginning on or after Jan. 1, 2025. No separate state tax None No state sales tax; property taxes can be higher – compare town mill rates. Why These Seven Stand Out No broad state income tax is the main driver for high-income retirees with portfolio income. Just as important, these states also do not impose separate estate or inheritance taxes, which preserves more for your heirs. The trade-off to watch is property taxes. Some states keep them moderate, while others rely on property taxes to fund schools and services. Because county rules vary, run the numbers for your exact neighborhood. Precision here pays off. States Often Considered, But Know the “Gotchas” Washington: No Wage Tax, but Capital Gains Apply Washington has no personal income tax, but it levies a capital gains excise tax on many long-term gains: 7% on the first $1 million of taxable Washington capital gains and 9.9% above that, after an inflation-adjusted standard deduction (e.g., $270,000 for 2024). If you plan to sell a business, concentrated stock, or real estate, model this carefully before relocating. One big year can shift the entire calculus. In short, the sale year could be costly. Plan ahead and compare. Estate and Inheritance Tax States Examples include estate taxes in WA, OR, MN, NY, MA and CT, and inheritance taxes in PA, NE, KY and MD; Iowa’s inheritance tax is repealed for deaths on or after Jan. 1, 2025. For high-net-worth families, these state-level “death taxes” can materially reduce what heirs receive, even if your annual income tax is modest. If leaving a large estate is a core goal, scrutinize these states or avoid them altogether. You can mitigate exposure with thoughtful titling, trusts, gifting cadence, and clear domicile documentation. Bottom line: legacy plans and state tax rules must work together. A coordinated plan prevents surprises for heirs. Social Security: Where Benefits Are Taxed (and Where They Aren’t) As of 2025, nine states tax some Social Security benefits (e.g., CO, CT, MN, MT, NM, RI, UT, VT and WV), often with income-based exemptions; West Virginia’s phase-out completes after 2025. For high-income retirees, Social Security is a smaller share of total cash flow, yet it still pays to confirm rules in your target state. A surprise state tax on benefits is an easy frustration to avoid. Check this early. It’s a quick win for peace of mind. Property Taxes and Homestead Rules: The “Other” Big Bill Property taxes vary widely by state, county, and city. Some states cap annual increases for primary residences or offer generous homestead protections. Others lean on property taxes because they lack income-tax revenue. Before you buy, run a realistic five- to ten-year projection based on the exact neighborhood you prefer. Assessment caps: Annual limits on assessed-value growth can stabilize your budget as markets rise. Homestead protections: Some states add creditor protection and tax benefits for primary residences. Senior exemptions: Many jurisdictions provide extra offsets for older homeowners; worth the paperwork. County variation: Two homes a few miles apart can carry very different tax bills because of school and city levies. Because this bill arrives every year, predictability matters as much as the headline rate. That stability helps you budget confidently. How to Compare Tax-Friendly States for Retirees Step 1: Map Your Income Streams List the sources and amounts: wages (if any), pensions, 401(k)/IRA withdrawals, interest, dividends, real-estate income, and potential capital gains. High-income households often face “spiky” years when they sell assets or rebalance portfolios. The right state softens those spikes. Step 2: Model a “Big Gain” Year Many moves are triggered by a liquidity event e.g. selling a business, trimming a concentrated stock, or disposing of investment property. Run side-by-side pro formas across your shortlist. Include any stand-alone state capital-gains taxes, local add-ons, and surtaxes that could apply at large amounts. Step 3: Check Estate and Inheritance Exposure If legacy planning is a priority, favor states with no estate or inheritance tax. If you will keep or buy property in a state that has one, coordinate with your planner on titling, entity structure, and trust design. Domicile clarity is essential when your life spans multiple states. Step 4: Run the Property Tax Math Property taxes are predictable cash-flow items. Estimate the five- and ten-year outlay for the specific neighborhoods you’re considering. In states with caps, confirm how they work, what happens when you remodel, and how portability or “reset” rules apply if you move across town. Step 5: Look Beyond Taxes (Healthcare, Airports, and Family) Low taxes can’t replace top-tier healthcare, direct flight options, or Sunday dinners with your grandkids. Rank the non-tax essentials and give them explicit weight in your decision. The best tax-friendly states for retirees still need to fit your daily life. When the tie is close, lifestyle usually decides it. Write down your top three non-tax priorities and rank states accordingly. Mini-Profiles: How the Top Seven Stack Up Florida No broad state income tax and no estate or inheritance tax. The homestead system and assessment caps provide long-term predictability for primary residences. Major metros offer excellent hospitals and nonstop flights. Sales taxes are average-to-high, but many retirees find the trade-off compelling. Texas No state income tax and no “death taxes.” Property taxes tend to be higher, so budgeting and homestead exemptions matter. The state’s large economy, airports, and business culture appeal to retirees who still consult or invest actively. Tennessee No tax on wages and investment income and no estate or inheritance tax. Property taxes are generally moderate, and the overall cost of living is competitive. Growth around Nashville and other metros brings more amenities and more housing demand. Nevada No income tax and no estate or inheritance tax. Lifestyle perks include abundant sunshine, outdoor recreation, and easy flights. Expect higher sales taxes in some areas and rising home prices near Las Vegas and Reno; run county-level comparisons before committing. Wyoming No income tax and no estate or inheritance tax, with typically low property taxes. Planning is straightforward. However, rural distances and winters can be real factors. Match the location to your preferences and travel patterns. South Dakota No income tax and no estate or inheritance tax. The statewide framework is simple and predictable. Property taxes are manageable in many counties, which helps long-range cash-flow planning. New Hampshire No state income tax on wages and no estate or inheritance tax. There is also no state sales tax. However, property taxes are higher than average in many towns, so compare specific municipal rates before you buy; the town you choose matters as much as the state. Two Quick Scenarios (Numbers You Can Feel) Scenario 1: The Business Sale Profile: A couple sells a closely held business, realizing a large long-term gain. They also expect ongoing portfolio income. Their goal is to minimize taxes in the sale year and beyond. Florida, Texas, Tennessee, Nevada, Wyoming, South Dakota, New Hampshire: In Florida, Texas, Tennessee, Nevada, Wyoming, South Dakota and New Hampshire, there is no state personal income or stand-alone state capital gains tax, so state income-tax owed on a business-interest sale is typically $0 (federal taxes and any transfer/recording taxes may still apply). Washington (caution): Despite no wage tax, Washington imposes a capital gains excise tax on many long-term gains: 7% up to $1 million of taxable WA capital gains and 9.9% above that, after an inflation-adjusted standard deduction. That can materially alter net proceeds when selling appreciated stock or a business interest. For a one-time sale, these differences can be decisive. Run models for both your current and target states before you sign. Scenario 2: The Portfolio Rebalance Profile: A retiree with a sizeable brokerage account wants to trim a concentrated position and shift toward income-oriented funds. They expect six-figure gains this year, then steady dividends and interest thereafter. No-income-tax states listed above: Rebalancing creates no state tax drag, and ongoing investment income isn’t taxed at the state level. Your effective rate stays lower, and your spending power stays higher. Estate/inheritance tax states: Even if annual income taxes are manageable, state “death taxes” may reduce what heirs receive. If legacy is central, domicile and real-property location deserve very careful planning. Run the side-by-side. The answer often jumps off the page. Common Questions About Tax-Friendly States for Retirees “If I spend winters in a low-tax state, do I get the tax benefits?” Only if you establish and maintain domicile based on that state’s rules e.g. time in state, driver’s license, voter registration, primary home ownership, and other ties. Simply snowbirding without true domicile won’t deliver full benefits. Follow the checklist and keep clean records. It’s worth it. “Do sales taxes wipe out my savings?” It depends on how you spend. Many retirees purchase fewer taxable goods and more services and healthcare. Build a realistic budget for your household and compare state and county totals instead of relying on averages. Because spending patterns differ, your own cart tells the truth. Build a simple 12-month spending forecast to see the impact. “What about property taxes?” They can be a swing factor. Look up the exact county and city where you plan to buy, confirm homestead exemptions and senior credits, and model a ten-year holding period. Caps on assessed-value growth can be especially valuable for full-time residents. When in doubt, model the bill forward. Surprises are preventable. Action Checklist Before You Pick a State Build a two-column tax pro forma (current state vs. target state) for the next ten years. Model a liquidity event year if you expect a business sale, RSU vest, or significant stock sale. Confirm estate/inheritance rules anywhere you will own real property or keep major assets. Verify domicile steps (residency days, license, voter registration, mailing, physicians, and advisors). Price property taxes at the county level and confirm homestead/senior benefits and assessment caps. Weigh non-tax essentials: healthcare access, airport proximity, climate, and family. Do these in order, and your decision gets clearer and faster. You’ll avoid rework and keep your advisors aligned. Bottom Line: Choosing Among Tax-Friendly States for Retirees For high-income retirees, the most tax-friendly states for retirees typically combine no broad state income tax, no state-level “death taxes,” and predictable property-tax rules. Florida, Texas, Tennessee, Nevada, Wyoming, South Dakota, and New Hampshire fit that pattern for many households. If you expect a large capital gain, recognize that Washington’s stand-alone capital-gains tax can change the math. And if you plan to leave a significant legacy, avoid states with estate or inheritance taxes, or get precise about how and where you hold property and real estate. Choose deliberately. The right move can pay you back every single year of retirement while preserving more for your heirs in the end. Key Takeaways Seven consistently strong options for higher earners: Florida, Texas, Tennessee, Nevada, Wyoming, South Dakota, and New Hampshire. Washington has no wage tax but does tax many long-term capital gains at 7% up to $1 million of taxable gains and 9.9% above that (after an inflation-adjusted standard deduction). Estate and inheritance taxes still exist in several states; avoiding them can preserve more for your heirs. Property taxes and homestead rules vary widely; run county-level numbers before you buy. Confirm domicile properly to secure the intended benefits in the most tax-friendly states for retirees. The post Tax-Friendly States for Retirees: Best for High-Income first appeared on American Bullion.

Market Insights Podcast (18/09/2025): In today’s episode, we discuss the Federal Reserve’s 25 basis point cut yesterday, the Bank of England’s vote to maintain headline lending rates today, and recent revelations concerning the Swiss National Bank, amongst a renewed wave of franc strength. Join OANDA Market Analyst Kenny Fisher, OANDA Financial Writer Christian Norman, Nick Syiek (TraderNick) and podcast host Jonny Hart as they review the latest market news and moves. MarketPulse provides up-to-the-minute analysis on forex, commodities and indices from around the world. MarketPulse is an award-winning news site that delivers round-the-clock commentary on a wide range of asset classes, as well as in-depth insights into the major economic trends and events that impact the markets. Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2025 OANDA Business Information & Services Inc.

Crypto pundit Pumpius is drawing attention to what he calls the “XRP Endgame,” saying all the key pieces are falling into place for Ripple and its token. According to him, these shifts put XRP in a rare position to rise above other digital assets. Global rules and banking standards are also moving in Ripple’s favor at the same time. Pundit: Institutional Rails And Legal Clarity Cement XRP’s Role Pumpius stresses that Ripple’s victory in its long fight with the SEC is not just a legal win but a turning point. After years in court, XRP now has the strongest legal clarity of any cryptocurrency in the U.S. He also points to Ripple’s launch of RLUSD, its enterprise stablecoin backed by reserves at BNY Mellon. Pumpius notes that this connection matters because BNY Mellon safeguards trillions in assets for global giants, including BlackRock and the U.S. Treasury. Tying a stablecoin to XRP’s payment rails creates what he calls a “stable reserve army” that strengthens trust in Ripple’s network. On the banking front, Pumpius explains that Ripple is not only licensed as a money service business but has also applied for the highly difficult New York banking charter. He adds that Ripple has taken it a step further by applying for a Federal Reserve master account, the highest privilege in the U.S. banking system. If granted, Ripple would not just compete with banks but effectively act as one, placing XRP at the center of financial settlements. XRP ETFs, Ripple’s Global Standards, And Tech Drive Convergence Pumpius notes that nearly 20 XRP spot ETFs are awaiting approval. If greenlit, these funds could open the doors to trillions of dollars from institutional investors and push XRP into the ranks of Wall Street assets overnight. Another major shift is the migration to ISO 20022, a global messaging standard that all major banks must adhere to by November. Pumpius points out that XRP has been ready for this for years, meaning RippleNet can easily connect with traditional banking rails the moment the change takes effect. Additionally, he notes that XRP is in the liquidity tokenization plan of DTCC, the world’s largest settlement utility. At the same time, he notes that the DNA Protocol is quietly developing biometric and genomic identity tools on the XRP Ledger. This step could solve Know Your Customer checks at the deepest level, blending finance and digital identity in a way no other blockchain has achieved. Ripple benefits as he notes the rise of a supportive political environment. A pro-crypto administration is pushing laws that fit Ripple’s long-term playbook. With regulators and policymakers leaning in the same direction, he believes the stage is set for XRP to move into its endgame.

MoneyGram is launching its own entry into the digital custody space with an app designed to hold both traditional fiat currencies and stablecoins. A trial run is scheduled in Colombia before MoneyGram expands to other markets. It’s a carefully planned decision, as most remittances in Colombia come from abroad, usually in USD. The underlying blockchain is powered by Stellar and Crossmint, with customer balances held in Circle’s USDC. While MoneyGram’s new wallet appears to be a good way to bring existing MoneyGram customers into stablecoins, support for other cryptocurrencies is limited. So, it’s a bit of a stretch to say MoneyGram has launched a new digital crypto wallet – it’s more like a cross-border remittance tool that uses USDC as the main currency, similar to how Ripple operates for large banks. MoneyGram’s tool seems less capable than a true digital wallet like Best Wallet. Not only can Best Wallet handle stablecoins and fiat payments, but it also supports a wide range of crypto assets across multiple blockchains. Let’s look more closely at what makes Best Wallet so useful. Best Wallet – A Mobile-First Crypto App Connecting Multiple Blockchains Best Wallet aims to be the only crypto wallet you’ll ever need. It allows you to manage your entire crypto portfolio from a single, easy-to-use mobile interface, even if you’ve never used crypto before. Managing multiple blockchains can be confusing. Even with popular crypto wallets like MetaMask, it can be hard to know exactly what assets you own. Best Wallet simplifies managing, buying, and selling your crypto within a single ecosystem. That means you can make cross-chain swaps between platforms like Solana and BNB without leaving the app. Even if you’re searching for presale tokens, Best Wallet offers an entire marketplace full of vetted presales to choose from, all of which integrate directly with the app. Best Wallet isn’t just convenient, it also uses innovative security features. Your wallet is protected by Fireblocks MPC-CMP technology, so even if you lose your phone, you can download a secure cloud backup to Best Wallet without risking your assets. While you wait for MoneyGram’s digital app to expand coverage to your area, Best Wallet is available now. You can visit the official Best Wallet site for a download link, or if you’re interested in learning more, you can go to our ‘What is the Best Wallet Token’ guide. That’s right: Best Wallet even features its own unique utility token, $BEST. It’s an asset all on its own, but it can also be used to reduce your transaction fees when you swap crypto across the Best Wallet network. That’s especially useful when you’re swapping for new presales, where $BEST will boost your margins. In fact, $BEST holders also gain exclusive access to some presales before they become available to the rest of the market, guaranteeing you’ll be among the first to get cheap tokens before a crypto project takes off. That’s not all. Holding $BEST also grants you the right to participate in the Best Wallet DAO, allowing you to help shape the future of the Best Wallet project. If there’s a feature or blockchain you’d like to see added to the app, this is the best way to make your voice heard. You can download Best Wallet today, but the $BEST token is still in the presale phase. If you buy now, you can secure annual staking rewards of up to 83%. It’s worth holding onto, as our Best Wallet Token price predictions indicate $BEST could reach $0.62 by the end of 2026. Don’t wait, as the $BEST presale has already raised nearly $16M in token sales. So far, the price has reached $0.025655, with an end-of-year release planned for the token. It’s a dynamic presale, so the price will change over time. Purchase $BEST today before the presale ends. All crypto products are volatile. Make sure to always do your own research before investing and only invest what you’re prepared to lose. This article is not financial advice. Authored by Aaron Walker, NewsBTC – https://www.newsbtc.com/news/moneygram-stablecoin-app-cross-border-best-wallet/

Atico Mining (TSXV: ATY) has inked an investment protection agreement (IPA) with the government of Ecuador for the development of its La Plata mining project located 100 km southwest of Quito. The IPA, which formalizes the commitment made by the Ecuadorian government during last year’s Prospectors and Developers Association of Canada (PDAC) convention, covers a total of $157.9 million in current and future investments. Vancouver-headquartered Atico said the agreement would provide the added benefit of legal and tax stability throughout the life of mine. Under the terms of the IPA, Atico would receive an income tax reduction of 5% during the life of the contract, access to international arbitration in disputes, and protection from confiscation or expropriation of assets except under strict constitutional conditions with fair compensation. Chief executive officer Fernando Ganoza said the IPA represents “a significant milestone” for the La Plata project, underscoring the company’s commitment to sustainable development and economic growth in Ecuador. Shares of Atico initially surged after the Wednesday announcement before paring gains by market close. It continued to decline in the Thursday session, down 2% with a market capitalization of C$42.3 million ($30.6 million). “This agreement, with its robust legal and tax stability provisions, not only safeguards current and future $157.9 million of investments throughout the life of the mine but also strengthens investor confidence by ensuring a predictable and secure environment,” he stated in a press release. The La Plata project is currently at the very last stage of obtaining the environmental license and other permits required for development. The property covers two concessions covering a total area of 23 square kilometres along its 9-kilometre length, which contains known mineralization in two VMS (volcanogenic massive sulfide) lenses and nine priority exploration targets. A 2019 preliminary economic assessment for La Plata showed that the VMS deposit holds 1.9 million tonnes in resources at an average grade of 4.1 g/t gold, 49.4 g/t silver, 3.3% copper, 4.5% zinc and 0.6% lead. Development of La Plata will be supported by cash flow generated by Atico’s El Roble copper-gold mine in Colombia, which has been in operation since 1990.

US indices are riding an intense wave of optimism following the Federal Reserve’s 25-bps rate cut, with the S&P 500, Nasdaq, and Dow Jones all pushing higher. (As I write this piece, some profit-taking might be into play, watch the daily highs for a further push). Nvidia (NVDA) sparked extra momentum after announcing it would acquire part of Intel’s (INTC) equity, sending Intel stock soaring over 25% in early session trading. Tech peers like CrowdStrike (CRWD) and Synopsys (SNPS) also extend gains, underscoring a broader sector rally. US Equity heatmap, look at the +26.30% (Intel) – September 18, 2025 – Source: TradingView Powell’s speech painted a not-so-bleak picture of the US economy, while the dot plot still signaled 50 bps of easing potential through year-end 2025. Combined with stronger-than-expected Jobless Claims this morning (231K vs 240K exp), bulls found another reason to drive risk assets higher. With momentum back on their side, traders will be watching closely to see if equities can sustain this rally until the end of the week. Data dependency was once again highlighted throughout yesterday's FOMC and will be back on the front lines for participants' watchlists. The FED Independence seems to have gained back some ground after yesterday's decision, but it will be key to see what FED members say looking forward. Let's take a look at intraday charts for the S&P 500, Nasdaq and Dow Jones. Technical outlook and levels for the 3 Main US Indices All three indices are in a seemingly unstoppable move since the beginning of September. Let's try to look at the extent of the moves and potential levels of interest for each index as price discovery continues. S&P 500 4H chart and levels S&P 500 4H Chart , September 18, 2025 – Source: TradingView The S&P 500 marked another record high at 6,669 just this morning but has started to show some slowing in momentum – bears just rejected trading below the immediate upward trendline. The FOMC lows are still very far from current trading (6,562) and will act as a key Pivot point for momentum strength between bulls and bears. The wick from yesterday's volatile trading actually tested the 50-Period MA, which will give it some extra emphasis looking forward. S&P 500 Trading Levels: Resistance Levels Daily highs 6,669 (new ATH)Higher timeframe potential resistance between 6,650 and 6,700 level (1.618 from April lows, currently testing)6,700 psychological levelSupport Levels FOMC lows 6,562 and MA 506,490 to 6,512 pivot6,400 Main Support6,210 to 6,235 Main Support (August NFP Lows)Nasdaq 4H chart and levels Nasdaq 4H Chart , September 18, 2025 – Source: TradingView The Nasdaq was onto a heavy upward train, up 7.06% from trough to peak since beginning September right after showing hesitant signs. Since, positive news throughout tech and ever-bigger acquisitions have propelled the tech-heavy index to new all-time highs (24,602) – however, with some Fibonacci targets being attained, profit-taking is currently going through and will have to be monitored. For bear momentum, watch a close below 24,350 – For Bull continuation, watch a close above the ATH. Nasdaq technical levels of interest Resistance Levels Current daily highs (24,602)Daily Resistance (from August 20 lows) 24,550 to 24,600 (immediate)Potential Resistance 2 fib-Extension (from August lows) 24,800Support Levels Fib-projection now Momentum pivot 24,350Previous ATH zone turning pivot (23,950 to 24,020)23,500 support23,000 Key SupportEarly 2025 ATH at 22,000 to 22,229 SupportDow Jones 4H chart and levels Dow Jones 4H Chart , September 18, 2025 – Source: TradingView Bulls are getting back in control after yesterday's hawkish-tone led to some profit-taking in the index. The current session is a strong one, but some sellers are currently taking some momentum back. Buyers are once again fighting to get out of the upward trendline of the rising wedge formation and are very close to it – A level to watch in that aspect would be a daily close above the All-time high level formed at yesterday's announcement: 46,425. Watch momentum as the session moves forward. Levels for Dow Jones trading: Resistance Levels Current All-time high and Rising wedge breakout: 46,425 1.618 from April correction potential resistance 46,400 to 46,830High of channel and 1.618% Fib of July move 47,000 to 47,160 (potential resistance)Support Levels 46,000 Momentum Pivot and 50-period MA (45,807)45,283 previous significant ATHKey Support/longer-run pivot 45,000Support 44,200 to 44,500Main Support (NFP Lows) 43,000 to 43,750 Safe Trades! Follow Elior on Twitter/X for Additional Market News, interactions and Insights @EliorManier Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2025 OANDA Business Information & Services Inc.

Hyperliquid’s native token, HYPE, extended its rally on Thursday, jumping over 8% to trade near $58.77. The move comes after rebounding from its earlier record of $57.40 and places the token just shy of the crucial $60 psychological barrier. Driving this surge is the successful integration of USDC and Circle’s Cross-Chain Transfer Protocol (CCTP V2), now live on Hyperliquid’s Ethereum Virtual Machine (EVM). The upgrade enhances liquidity and security across HyperCore and HyperEVM applications, facilitating faster and smoother deposits for DeFi users. Analysts suggest this milestone could attract institutional traders, boosting HYPE’s long-term adoption. Record Revenue Strengthens Investor Confidence Beyond price action, Hyperliquid’s fundamentals are equally impressive. According to Artemis Terminal, the network generated $2.5 million in fees in a single day, surpassing industry leaders like Ethereum and Solana. A Reflexivity Research report confirmed that Q3 was Hyperliquid’s strongest quarter yet, with total fees reaching $250.45 million, net income to token holders amounting to $243.59 million, and a team size of just 11 members. This lean but high-performing setup has fueled optimism that Hyperliquid can continue scaling without losing efficiency. Combined with staking incentives and growing exchange listings, many traders see HYPE as one of the most promising tokens in the current market. Hyperliquid (HYPE)’s Wedge Pattern Raises Caution Despite strong fundamentals, technical analysis suggests caution. On the two-hour chart, HYPE touched $59.36, testing the upper boundary of a rising wedge formation, a pattern often associated with weakening momentum. The Relative Strength Index (RSI) is nearing overbought levels, with bearish divergence forming as price makes new highs without matching momentum. Analysts warn that a rejection at $59.36 could trigger pullbacks to $55 support, with deeper downside targets at $52–$48 if selling pressure builds. However, if bulls defend support and confirm strength with a bullish engulfing candle, HYPE could rebound toward $60 and beyond, potentially aligning with Polymarket traders who forecast short-term moves toward $70. For now, the line in the sand remains at $59.36. Whether Hyperliquid breaks higher or faces a wedge breakdown will determine if HYPE’s new all-time high transforms into sustained momentum, or just a temporary peak. Cover image from ChatGPT, HYPEUSD chart from Tradingview

The British pound has posted losses on Thursday. In the North American session, GBP/USD is trading at 1.3551, down 0.54% on the day. Bank of England maintains rates at 4% The Bank of England stayed on the sidelines at today's meeting, maintaining interest rates at 4.0%. This followed a quarter-point cut in August. The decision was anticipated by the markets and the British pound is showing limited movement. The 7-2 vote saw two members vote for a quarter-point cut. Last month's decision to lower rates was decided by a 5-4 vote and took an unprecedented two rounds. The split votes reflect dissension within the BoE with regard to the Bank's future monetary policy. The BoE has been trying to balance rising inflation, which supports holding rates, with the slowdown in the jobs market, which is putting pressure on the central bank to lower rates and ease economic conditions. The BoE cannot ignore inflation, which rose to 3.8% in August, close to double the BoE's target of 2%. Unless inflation slows markedly, the BoE may have to wait until 2026 to lower rates. Governor Bailey tried to put a positive spin on high inflation, saying he expected it to return to target, but the inflation still remained a threat and future cuts would have to be made "gradually and carefully". How bad is the employment market? In the minutes of the meeting, the MPC said that its forecast showed employment growth at zero, which it said was partly due to the increase in employer national insurance contributions. Fed lowers rates for first time since December 2024 Federal Reserve lowers ratesThe Federal Reserve lowered rates by a quarter-point on Wednesday. The decision, which was widely expected, was the first rate cut since December 2024. The rate statement cited the cooling labor market as the main reason behind the rate cut. In his press conference, Fed Chair Powell reiterated his concern about the deteriorating job market and said that the risk of higher and more persistent inflation has eased. Perhaps the highlight of the meeting was the 'dot plot', which charts the expected rate path of members who participated at the meeting. The dot plot indicated that most members expect two more rate cuts before the end of the year, which means the Fed is in a dovish mood. GBP/USD Technical GBP/USD has pushed below support at 1.3617 and 1.3573 and is testing 1.3552. Below, there is support at 1.3508There is resistance at 1.3638 and 1.3682 Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2025 OANDA Business Information & Services Inc.

Ivanhoe Mines (TSX: IVN) says it has begun the second stage of its Kakula mine dewatering plan, but will delay its copper production guidance for the next two years until that has advanced. Three out of the four Stage 2 high-capacity, submersible pumps were recently installed and commissioned on schedule, the company said in a press release, adding that the underground water level in the Kakula mine has since dropped by about 10 metres out of a possible 80 metres. The Vancouver-based miner also said it expects all four pumps to start operating in the coming days at a combined pumping rate of approximately 2,600 litres per second. At that point, it will reposition the existing Stage 1 temporary pumping infrastructure further down the mine, following the water level as it declines. Ivanhoe estimates that the total pumping rate out of the Kakula mine is expected to increase up to a target of approximately 6,400 litres per second, or 550 megalitres per day, reducing the vertical underground water level by approximately one metre per day. At this rate, the underground water level is expected to reach near the bottom of the Stage 2 dewatering shafts by the end of November, providing further access to the mine’s high-grade areas. Copper guidance deferred In the near term, Ivanhoe expects the ramp-up of underground mining activities to return the production rate to over 550,000 tonnes per annum, based on current estimates. Production guidance for 2026-2027, however, will be deferred until sufficient physical inspection of the newly dewatered areas of the Kakula mine has been completed, it said. Management previously said it would issue the 2026 and 2027 outlooks and a new life-of-mine plan by mid-September. Commenting on this delay, BMO Capital Markets analyst Andrew Mikitchook said this timeline would allow technical staff “sufficient time to develop a comprehensive guidance,” while it targets a medium-term return to over 550,000 tonnes per annum of copper production. Ivanhoe’s stock price declined about 2.8% to C$13.22 apiece in the early hours of trading on this update, dropping the company’s market capitalization to C$18.1 billion ($13.1 billion). Seismic impact The Kakula mine, part of the larger Kamoa-Kakula complex in the Democratic Republic of Congo, was shut down for approximately three weeks earlier this year after seismic activity caused severe flooding underground. Following the suspension, Ivanhoe’s management team revised down its 2025 production forecast by 28% to between 370,000 and 420,000 tonnes of copper in concentrates, while it implements a three-stage drainage plan to restore full operations. The final stage of dewatering activities is to start late this year, involving the use of existing horizontal pumping infrastructure to drain the remaining areas deep on the eastern side. As water levels subside, rehabilitation will start as required, the company said. BMO’s Mikitchook previously said in a note that “management’s goal is to return Kamoa-Kakula to similar throughputs as previously planned by 2027.”

Minera Alamos (TSXV: MAI) said it closed a C$135 million ($98 million) equity financing that will help the company pay for three Nevada assets it’s in the process of buying from Equinox Gold (TSX, NYSE-A: EQX). Proceeds will cover the $90 million upfront cash portion of the Equinox deal, which includes the Pan gold mine, Gold Rock project and Illipah project, Minera Alamos said Thursday. Equinox will also receive about 96.8 million Minera Alamos shares, worth around $25 million. The deal, which was announced in August, should close by Sept. 30, Toronto-based Minera Alamos said. The addition of Pan and Gold Rock is “transformational to Minera Alamos as the company stands to benefit from immediate cash flows from the producing Pan Gold mine during the currently strong gold price environment,” National Bank Financial analyst Rabi Nizami said in a note. Key asset Pan, an open-pit operation centered around a Carlin-style deposit located along the Battle Mountain–Eureka gold trend, is the key asset in the transaction. Located about 28 km southeast of the town of Eureka, the mine entered production in 2017 and now produces gold from two pits using a conventional crush and heap-leach process. Equinox acquired Pan through its acquisition of Canada’s Calibre Mining in June. Pan holds proven and probable reserves of 19.5 million tonnes grading 0.34 grams per tonne gold for contained metal of 247,000 oz., according to a presentation on Equinox’s website. Gold Rock, meanwhile, is a proposed open-pit, heap-leach gold development project located 8 km from the Pan site. A 2021 economic assessment for the project outlined a 6.5-year mine life with average annual production of about 56,000 ounces. Pan and Gold Rock have a combined consensus net asset value of $279 million, based on analyst reports, Minera Alamos said in August. Late stage “This acquisition offers the potential to unlock significant value in our late-stage project development pipeline and allows the company to leverage internal cash flow to significantly grow the company’s production profile over the next few years,” CEO Darren Koningen said in the statement. He underlined “the significant interest from the investment community,” which included the full exercise by the underwriters of their over-allotment option. Under Koningen’s leadership, Minera Alamos is working to develop “very low” capital-expenditure assets while expanding the projects’ resources and seeking complementary acquisitions. Its properties are located in Mexico and the US. Minera Alamos shares were unchanged at C$0.36 Thursday morning in Toronto, giving the company a market value of about C$198 million. The stock has traded between C$0.25 and C$0.49 in the past year.

What did Jimmy Kimmel say to get fired? Why did he say the killer was a groyper? ABC has suspended Jimmy Kimmel Live! indefinitely after the host made remarks in his monologue about the killing of conservative activist Charlie Kirk that drew sharp backlash. Nexstar, a large ABC affiliate station group, pulled the show from its 23 stations first. Disney later confirmed the indefinite preemption. “We hit some new lows over the weekend with the MAGA gang desperately trying to characterize this kid who murdered Charlie Kirk as anything other than one of them and doing everything they can to score political points from it,” – Jimmy Kimmel’s monologue. Disney has already shelled out $15 Mn to settle a defamation suit from President Trump, and with new cases aimed at outlets like The New York Times still in motion, the company shows little interest in fresh liability. Disney Stock Reaction: Is This The Coup De Grâce? Kimmel’s suspension may dominate the headlines, but investors are watching Disney’s numbers. Walt Disney Co. (NYSE: DIS) opened Thursday at $115.98, up +0.7%, as markets weighed the media fallout alongside steady earnings momentum. (Source: MarketBeat) Analysts remain constructive. Guggenheim raised its target from $120 to $140 with a “buy” call, a level Barclays echoed with an “overweight” rating. Morgan Stanley highlighted upside from ESPN’s fresh NFL and WWE deals. Disney stock trades at a price-to-earnings ratio of 18.18, with a market cap of $208.5Bn and institutional ownership above 65%. Quarterly revenue rose +2.1% year over year to $23.65Bn, topping expectations. DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in July 2025 Final Thought: Liberals Are Melting Down Over Kimmel Was the firing justified? Disney is a private company, but it was clearly pressured politically. In the end Disney doesn’t think Kimmel is worth the drama. With all that said, Disney’s multiple price targets stretch to $140 per share. Wall Street is betting that late-night politics won’t derail stock performance. EXPLORE: FOMC Meeting: What Does the Federal Reserve’s September Rate Cut Mean for Bitcoin? Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways What did Jimmy Kimmel say to get fired? Why did he say the killer was a groyper? In the end Disney doesn’t think Kimmel is worth the drama. The post What Did Jimmy Kimmel Say to Get Fired? What’s Next For Disney Stock After Charlie Kirk Comments appeared first on 99Bitcoins.

Malian prosecutors have appealed a judge’s order to release four employees of Barrick Mining (NYSE: B) on bail, extending the legal uncertainty around the Canadian miner’s operations in the country, Bloomberg reported on Thursday. The employees — including a regional manager detained late last year — will remain in jail until the Court of Appeal reviews the prosecution’s case, according to people familiar with the matter. The judge had set bail at 50 billion CFA francs (about US$90.3 million), an unusually high sum, one of the people said. The arrests in November 2024 were tied to allegations of money laundering, terrorism financing, and tax-related offenses. Barrick has denied the claims, saying the detentions are part of escalating pressure from Mali’s military-led government over the company’s operations at its flagship Loulo-Gounkoto gold complex, once its largest mine in Africa. Mounting tensions over Loulo-Gounkoto The dispute traces back to Mali’s 2023 mining code, which increased government royalties and equity stakes in joint ventures. While other operators such as Allied Gold Corp. and B2Gold Corp. reached agreements with the junta, Barrick resisted. In 2024, the government demanded a larger share of profits from the Loulo-Gounkoto complex. As Barrick pushed back, Mali escalated the pressure by jailing four executives, blocking exports from the mine, and seizing bullion. Barrick responded by seeking international arbitration late last year, and in January 2025 shut down the mine entirely. In June 2025, Malian authorities moved to place Loulo-Gounkoto under state control by appointing a provisional administrator for six months. The standoff has had major financial repercussions. Last month, Barrick announced a more than $1 billion writedown on its Malian operations, reducing the carrying value of its 80% stake in Loulo-Gounkoto. The complex previously contributed about 15% of Barrick’s total gold output, leaving a significant gap in its production portfolio. The crisis deepened further when Hilaire Diarra, formerly general manager of Barrick’s Tongon mine in Ivory Coast and a key negotiator with Mali, switched sides. In late August, Diarra was appointed as a special adviser to Mali’s president Assimi Goïta. Barrick shares slipped 0.5% in morning trading Thursday in New York, giving the company a market capitalization of about $50.2 billion.

The Kiwi’s slide has been one that hasn't been seen in a while, with NZDUSD dropping 2% in just two sessions. The pair had initially climbed ahead of the FOMC, driven by dovish concerns around the Fed and sudden Dollar-hedging that briefly pressured the DXY (sending the US Dollar down, hence the pair shooting upwards). However, Powell’s balanced tone quickly flipped that narrative, erasing the priced-in dovishness observed in the SEP, dot plot, and FOMC statement. “You can think of this, in a way, as a risk management cut,” Powell noted, striking a cautious stance around future cuts that steadied the USD. There are still 25 bps of cuts priced at each of the two meetings left in 2025. Strong US Jobless Claims (231k vs 240K exp) this morning reinforced that shift, further fueling a V-shaped reversal in the greenback. Coupled with New Zealand’s atrocious GDP miss (-0.9% vs -0.3% q/q), the Kiwi was left in dismay, driving the pair sharply lower. The current move is reflecting the repricing of more cuts for the RBNZ as the data has been very volatile for New Zealand throughout the year. Expectations for a rate cut at the RBNZ upcoming meeting were at 82% last week and a 25 bps cut is now fully priced, with some extra premium in case of a larger 50 bps. The NZ OCR is at 3% and the upcoming meeting will be happening on October 8th. Let's have a look at NZDUSD through a multi-timeframe outlook to see where this takes the major pair. Read More: EUR/USD Technical: Euro bullish trend intact despite 1.2% sell-off after FOMCMarkets Today: Gold Retreats, Equities Choppy as Markets Digest Fed Decision, DAX Up 1%. BoE Meeting Up NextBank of Japan (BoJ) Meeting Preview: Maintaining the Status Quo. Implications for USD/JPYA parenthesis on the DXY chart: Look at its V-Shape reversal since yesterday! DXY 1H Chart, September 18, 2025 – Source: TradingView NZDUSD 8H Chart NZDUSD 8H Chart, September 18, 2025 – Source: TradingView The downward shaping RSI right ahead of the FOMC was well located: Prices reached the 0.60 resistance before getting slammed lower as the Powell press-conference started. RSI has shot down lower catching up with the ongoing move – The selling is showing no pity to the bulls, with prices consolidating slightly at the 0.59 Support which got swiftly broken. Some immediate but small scale mean-reversion is stopping the descent, but the price action is brutal. NZDUSD 2H Chart NZDUSD 2H Chart, September 18, 2025 – Source: TradingView At its extreme, the ongoing move downwards is of about 1350 pips or 2.25% in the pair from peak to trough. Particularly after very slow FX trading, such data officially reinstores volatility for the end of this year. Get ready to see more volatile data and price swings for NZDUSD and other pairs looking forward. Levels to watch for in NZDUSD trading: Resistance Levels Immediate Resistance 0.600.5950 Main Pivot now Resistance200-period MA 0.59150 Support Levels 0.59 (+/- 150 pips) Support (broken)Current session lows 0.58725September lows 0.583300.58 Key Support Watch for further volatile swings looking forward and stay in touch with the latest data as every central banks will be looking at the news for their decision-making. The Dollar index is reaching an interesting level and NZDUSD is taking a breather, stay locked in for upcoming action. Safe Trades! Follow Elior on Twitter/X for Additional Market News, interactions and Insights @EliorManier Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2025 OANDA Business Information & Services Inc.

Crypto analyst CryptoELITES has predicted that the Dogecoin price could reach $5, providing a bullish outlook for the foremost meme coin. The analyst also mentioned what needs to happen for DOGE to reach this ambitious price target. Dogecoin Price Eyes Rally To $5 If This Happens In an X post, CryptoELITES stated that the target for the Dogecoin price is $5 after a DOGE ETF launches. The analyst opined that a huge wave of institutional money is about to flow into meme coins very soon, with this money coming through the ETFs. Notably, REX-Osprey is launching the first Dogecoin ETF today. The REX-Osprey Dogecoin ETF will provide institutional investors with spot exposure to DOGE and could serve as a catalyst for a Dogecoin price rally to $5, as CryptoELITES predicts. New capital could flow into the DOGE ecosystem through this ETF, which would spark higher prices for the foremost meme coin. Furthermore, it is worth mentioning that more Dogecoin ETFs could launch soon enough, especially with the SEC’s approval of generic listing standards, which help fast-track crypto ETF listings. Bloomberg analyst Eric Balchunas revealed that DOGE is one of the crypto assets that has futures on Coinbase, which makes it eligible for faster listing under the SEC’s new rule. Notably, Grayscale, Bitwise, and 21Shares have filed for a DOGE ETF, and their respective funds could launch soon, which is bullish for the Dogecoin price. The launch of these other ETFs besides the REX-Osprey ETF means that more liquidity could flow into the meme coin’s ecosystem, although it remains to be seen if the $5 target is achieved. Meanwhile, CryptoELITES had also previously predicted that the Dogecoin price could reach $5 from a technical analysis perspective. The analyst cited DOGE’s historical cycles and the gains it recorded previously as the reason why the meme coin could reach this target. $10 DOGE Target Still In Place Crypto analyst DOGECAPITAL has again reiterated his $10 target for the Dogecoin price in this cycle. He believes that the meme coin can reach and surpass this target based on historical trends. He noted that each cycle’s first year (2013, 2017, and 2021) has historically delivered the strongest gains. The analyst noted that in the current cycle, the pattern suggests that the Dogecoin price could be in for substantial upside this year if history repeats, although the yearly candle hasn’t closed yet. His accompanying chart showed that DOGE could even reach as high as $36 in this cycle. Meanwhile, DOGECAPITAL predicted that Dogecoin’s cycle could extend from the projected October cycle top if Bitcoin’s does. At the time of writing, the Dogecoin price is trading at around $0.28, up over 6% in the last 24 hours, according to data from CoinMarketCap.

The US stock market has entered a new phase following the Federal Reserve's first rate cut of the year. The decision to lower the federal funds rate by 25 basis points was widely anticipated and already priced in by market participants — but how Jerome Powell framed the move sparked active debate. The Fed Chair described the decision as a "risk management" cut, emphasizing that the central bank has no risk-free path forward. In other words, the rate was lowered not due to panic or a sharp deterioration in economic conditions, but rather as a preemptive step to balance the risks of an economic slowdown and to preserve labor market stability. Investors interpreted this as a signal: the Fed is entering a soft landing phase, where rates will gradually decline without aggressive easing. The Fed also indicated the possibility of two more cuts in 2025 — one of 50 basis points and another 25 bps cut in 2026. This shifted market expectations: now, investor focus is less on inflation — which remains under control — and more on the employment outlook. This shift could benefit growth stocks, especially tech giants, for whom capital costs are a critical factor. Corporate momentum adds fuel to fire On the pre-market, Nvidia jumped over 3%, continuing to rally as one of the biggest beneficiaries of the AI boom. Even more striking was the Intel rally, with shares surging nearly 29% after news broke that Nvidia would invest $5 billion in a minority stake in the company. This move has dramatically shifted market perception of Intel as a viable player in the future landscape of AI. If the industry leader is buying in, it's a sign of confidence — and possibly the start of a long-term strategic alliance. As a result, the semiconductor sector became the main source of optimism and a key driver of Nasdaq futures gains. Technical outlook S&P 500 For the first time in history, the index broke above 6,600 and held gains around 6,630 in pre-market trading. Technically, this confirms the strength of the uptrend — recent weeks of consolidation have resolved to the upside, turning the 6,600 level into key support. If the index stays above this zone, the next target lies in the 6,700–6,720 area, where Fibonacci projection extremes cluster. In case of a pullback, the first line of bullish defense is at 6,540–6,550, with deeper correction risk toward 6,480. Nasdaq 100 Trading near 24,440, the Nasdaq is also showing strength. The Fed decision helped the index recover from last week's correction and hold near the upper boundary of its rising channel. The key resistance now is the psychological level of 24,500 — a breakout could lead to 24,750–24,800. On the downside, support is at 24,000, which has withstood several bearish tests in recent days. Holding this line would signal continuation of the uptrend and the potential to reach new record highs. Bottom line The technical picture confirms the underlying fundamental optimism: the Fed's rate cut, combined with strong corporate developments, has returned markets to buy mode. However, this market remains selective and demanding — investors are now looking for confirmation of the trend's sustainability through upcoming macro data and earnings reports from major companies. For now, the momentum favors the bulls, and the indices appear ready to set new records. The material has been provided by InstaForex Company - www.instaforex.com

Following the Federal Reserve's recent meeting, Bitcoin remained stable, while several altcoins responded with notable gains. Tensions surrounding the key interest rate persist, largely driven by forecasts about the near-term outlook for the US economy. After the Fed's decision, Bitcoin held its ground and on Thursday, September 18, climbed to $117,300. Meanwhile, other digital assets like Ethereum, Dogecoin, Solana, and XRP showed strong upward momentum. Notably, ETFs based on XRP and Dogecoin sparked avid investor interest in the US. The Fed's interest rate cut has revived hopes for a new crypto rally, which some analysts believe could be the largest since the bull market of 2021. The crypto monetary landscape has shifted after the central bank finally delivered a long-anticipated 25 basis point cut. Analysts note that Bitcoin's current confidence stems from its maturing nature, having overcome past volatility. As the world's leading cryptocurrency, it continues to dominate the global market — occasionally pulling back, but more often gaining ground. Some currency strategists argue that Bitcoin is moving to its own rhythm, while Ethereum — the second-largest crypto by market cap — has picked up the baton, rising 2.5% and breaking above $4,600. Currently, Bitcoin bulls are active, although bears occasionally push back. Investors are watching the Fed's next moves closely, seeking signals of further rate cuts in the future. If more cuts are expected, demand for high-beta assets like cryptocurrencies could surge — something not seen since the 2021 crypto bull run. Amid intense macroeconomic shifts and the launch of new digital asset products, the crypto market looks set for a lively finish to September. Investor focus is now on incoming signals from Washington and Wall Street, which could confirm the start of a full-fledged crypto rally. S&P 500 index expected to rise sharply Following the Fed meeting, some analysts revised their S&P 500 forecasts upward. Currency strategists at JPMorgan Chase believe the index could rise 15% over the next year to reach 7,600 points. This week, the S&P 500 traded higher, gaining 0.3% from its all-time high. Analysts see this as a solid foundation for bullish expectations. "In its history, the Fed has cut interest rates 16 times when the US stock market was within 1% of all-time highs — and each time, the S&P 500 was higher a year later, with an average gain of 15%," JPMorgan Chase noted. If current trends hold, the index could hit 7,600 by 2026. Confidence also grew in other indices: the Dow Jones Industrial Average added 0.6% following Fed Chair Jerome Powell's press conference, while the S&P 500 and Nasdaq Composite slipped slightly — by 0.1% and 0.3%, respectively. What Powell said: Fed meeting summary On Wednesday, September 17, the Fed lowered the federal funds rate by 25 basis points, bringing it to 4.00%–4.25% annually. This decision aligned with most economists' expectations. Jerome Powell described the cut as a "risk-management reduction." "No one knows what the state of the US economy will be three years from now," Powell said at the post-meeting press conference. According to the Fed's base scenario, the inflationary impact of tariffs imposed by former President Donald Trump will be short-lived. Powell stated that: "The speed and scale of that impact have already diminished." He also emphasized that the main tariff burden is now falling not on exporters but on businesses that act as intermediaries between producers and consumers. The Fed Chair reiterated that the US economy remains resilient, stating: "It has weathered more difficult times, and the risks tied to the Fed's inflation fight are lower than previously estimated." Still, Powell acknowledged growing downside risks to employment, noting that U.S. unemployment has remained low over the past year. Updated Fed forecasts: inflation, unemployment, and GDP Inflation (PCE Index): 2025: 3% (unchanged) 2026: raised to 2.6% (from 2.4%) 2027: remains at 2.1% Core PCE Inflation: 2025: 3.1% 2026: 2.6% (up from 2.4%) 2027: 2.1% (unchanged) GDP Growth Forecast: 2025: 1.6% 2026: raised to 1.8% 2027: raised to 1.9% Unemployment: 2025: 4.5% (unchanged) 2026: lowered to 4.4% (from 4.5%) Interest rate forecast: more cuts expected The median forecast of the Fed board expects the benchmark interest rate to fall to 3.6% by the end of 2025, implying a total of 50 basis points in cuts. In June, this figure stood at 3.9%. The updated dot plot (a chart summarizing Fed officials' rate expectations) shows that most policymakers anticipate at least two more rate cuts by the end of 2025. Futures markets are now pricing in a 92% chance of this happening. This week's rate cut — the first since December 2024 — was largely justified by the softening US labor market. At the same time, the Federal Reserve noted that inflation has risen slightly and remains somewhat elevated. The material has been provided by InstaForex Company - www.instaforex.com