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Gold stepped back ahead of the Fed's verdict. Few doubt that the central bank will cut the federal funds rate by 25 basis points to 4.25%. However, the number of dissenters, signals about future monetary policy, and the dot plot forecast will be critical for XAU/USD. The precious metal had long been rising and reached record highs, but investors chose to play it safe before this key event. The best environment for gold is stagflation. It has never fallen in the 21st century during periods when U.S. inflation was rising while the Fed was cutting rates. In this regard, the acceleration of consumer prices in August to 2.9% y/y, coupled with expectations of a renewed monetary expansion cycle, is an important source of support for XAU/USD—though not the only one. China announced an easing of controls on gold imports. In theory, this should boost demand for U.S. dollars, which are used to purchase bullion. Beijing is concerned about the yuan's strength, which is becoming another noose around exporters' necks—alongside high U.S. tariffs. For the precious metal, this is good news. Rising imports from China provide another argument in favor of an XAU/USD rally. Dynamics of Chinese gold imports The rally in 2025 has been remarkable. Gold has risen by more than 40%, set three dozen nominal records, and even one inflation-adjusted record that had stood since 1980. Goldman Sachs does not rule out a surge to $5,000 per ounce if even 1% of the U.S. Treasury bond market capital flows into gold. Deutsche Bank also raised its 2026 average price forecast from 3700 to 4000 dollars, citing dollar weakness, strong central bank demand for bullion, and the Fed's aggressive monetary expansion cycle. The main risks to this scenario include a prolonged pause in rate cuts in 2026, gold's seasonal weakness in the fourth quarter based on 10- and 20-year patterns, and strong U.S. stock market performance. Gold is seen as a safe-haven asset, so rising global risk appetite should, in theory, work against it. In practice, however, the S&P 500 and XAU/USD can rise comfortably together. Adding to this are ongoing geopolitical tensions in Eastern Europe and the Middle East, threats to Fed independence, and global dedollarization and reserve diversification. Together, these paint a bright outlook for the precious metal. Technically, on the daily chart, gold has so far failed to consolidate above the key pivot level of 3680 dollars per ounce. This may be the first sign of weakness among the bulls. Only a decline below fair value at 3645 and the previous local high bar's low at 3625 would confirm selling potential. That would also trigger an Anti-Turtles pattern. As long as the precious metal trades above these levels, the focus should remain on buying. The material has been provided by InstaForex Company - www.instaforex.com

Most Read: USD/JPY Technical: Yen eyeing a medium-term bullish breakout against USD from a 5-month range The Bank of Japan is broadly expected to keep its policy rate at 0.5% during its meeting on September 19, 2025. The future economic outlook remains cautious because of political uncertainty within Japan and challenges from international trade. Source: LSEG Source: LSEG The value of the US dollar against the Japanese yen will mainly be affected by the Federal Reserve's interest rate cut. The Bank of Japan's meeting will also have an impact, but it will likely be less significant. However, if Governor Ueda says something unexpected, it could cause a major rise in the value of the yen, breaking its current trading range of 147 to 149. The Anticipated Bank of Japan Policy Decision: Maintaining the Status Quo The Bank of Japan (BOJ) is expected to keep its interest rate at 0.5% this week, a rate it has held since January. This cautious, "wait-and-see" approach is due to a few key reasons. First, there is political uncertainty in Japan, and the central bank wants to avoid making any sudden policy changes that could cause more economic instability. Second, the BOJ is still evaluating the full impact of a new U.S.-Japan trade deal and U.S. tariffs, which are hurting Japanese exports. Interestingly, the BOJ is prioritizing economic stability over controlling inflation, even though inflation is running high and outpacing wage growth. This difference between the central bank's policy and the domestic inflation reality could potentially lead to market problems in the future. Forward-Looking Monetary Policy: The Outlook Beyond September The market expects the Bank of Japan to keep its interest rate unchanged in September but believes they will start raising rates soon. Many traders think there's a strong chance of a rate hike before the end of 2025 and more hikes by the middle of next year. Source LSEG Looking at the implied rates based on LSEG data, we can see markets are pricing in around 50 bps of cuts through December 2026. Now this may not seem like a lot, but it is the BoJ we are talking about. Since no new forecasts will be released at the meeting, the market's reaction will depend entirely on what Governor Kazuo Ueda says at his press conference. The Bank of Japan is known for its vague communication. If Governor Ueda continues to be vague, the market will likely have a small reaction. However, if he sounds surprisingly direct about future rate hikes, it would confirm the market's aggressive expectations. Because of this, his words could cause a large and sudden shift in the market. The Dual-Central Bank Catalyst: Impact on USD/JPY The value of the U.S. dollar against the Japanese yen is primarily driven by the U.S. Federal Reserve's policies. When investors expect the Fed to cut interest rates, the dollar typically falls against the yen. This is especially relevant this week, as a Fed rate cut has been delivered as expected. The market generally expects the US to cut rates while Japan eventually raises them, a situation that would likely cause the dollar to weaken against the yen. While the Bank of Japan's decision is also important, its effect will be largely shaped by the Fed's actions. The Fed's influence on the currency pair is much stronger. Given that market expectations are for 50 bps of rate cuts from the Fed before the year-end on top of the 25 bps delivered this week, the Yen could be poised for gains moving forward over the medium term. Source: Google Gemini Technical Analysis USD/JPY USD/JPY from a technical standpoint has been giving signs of a bullish rally, but the potential effects of rate differentials could come into play. On a weekly timeframe, the long-term descending trendline had been broken a while ago and since then USD/JPY has been trapped in a range between 145.00 and 150.00 handle with a brief foray higher being met by swift selling pressure. There is also an ascending trendline from the April lows just below the 140.00 handle. The daily candle has closed as a hammer candlestick bouncing of the trendline and the 100-day MA at 146.21. Immediate resistance is provided by the 50-day MA which rests at 147.67 before the 200-day MA at 148.62 comes into focus. A break of the ascending trendline could lead to a push toward the 145.00 handle before the swing low at 143.33 comes into focus. USD/JPY Daily Chart, September 17, 2025 Source: TradingView Trade Safe. Follow Zain on Twitter/X for Additional Market News and Insights @zvawda Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2025 OANDA Business Information & Services Inc.

Eric Trump on Tuesday described Bitcoin as a “modern-day gold,” calling it a liquid store of value that can act as a hedge to real estate and other assets. According to reports, the remark came during a TV appearance on CNBC’s Squawk Box, tied to the launch of American Bitcoin, the mining and treasury firm he helped start. Company Holdings And Strategy Based on public filings and company summaries, American Bitcoin has accumulated 2,443 BTC on its balance sheet. That stash has been valued in the low hundreds of millions of dollars at recent spot prices. The firm mixes large-scale mining with the goal of holding Bitcoin as a strategic reserve, which it says will help it grow both production and asset holdings over time. Eric Trump’s comments were direct. He told viewers that institutions are treating Bitcoin more like a store of value than a fringe idea, and he warned firms that resist blockchain adoption. The tone was strong at times, and the line about Bitcoin being a modern equivalent of gold was used to frame American Bitcoin’s role as both miner and holder. How The Company Went Public American Bitcoin moved toward a public listing via an all-stock merger with Gryphon Digital Mining earlier this year, a deal that kept most of the original shareholders in control and positioned the new entity for a Nasdaq debut. Reports show that mining partner Hut 8 holds a large ownership stake, leaving the Trump family and other backers with a minority share. The listing brought fresh attention and capital to the firm as it began trading under the ticker ABTC. Market watchers say the firm’s public debut highlights two trends: mining companies are trying to grow by both producing and holding Bitcoin, and political ties are bringing more headlines to crypto firms. Some analysts point out that holding large amounts of Bitcoin on the balance sheet exposes a company to price swings, while supporters argue it aligns incentives between miners and investors. Reaction And Possible Risks Based on coverage of the launch, investors have reacted with both enthusiasm and caution. Supporters praise the prospect of a US-based miner that aims to be transparent and aggressive about building a reserve. Critics point to governance questions, possible conflicts tied to high-profile backers, and the usual risks of a volatile asset being held on corporate balance sheets. Eric Trump’s remark that Bitcoin has taken gold’s role in today’s world reflects both his belief in its value and American Bitcoin’s strategy of mining and holding. Whether that view sticks will depend on how investors and institutions respond in the months ahead. Featured image from Meta, chart from TradingView

Today’s Federal Reserve Rate Cut Is Just the Start, Gold Still Climbing The Federal Reserve cut interest rates by a quarter point today, marking the start of an important new monetary easing cycle. In an 11-1 vote, central bankers lowered the Fed’s benchmark rate to 4.00-4.25%. The lone dissent came from newly appointed Governor Stephan Miran, who wanted a half-point rate cut. A majority of Fed officials indicated they expect at least two more interest rate cuts in 2025, suggesting easing at the October and December meetings. After hitting a new record high earlier this week, gold pulled back after the Fed news. Today’s Fed rate cut was widely expected, and short-term traders bid up the precious metal recently and sold it to take profits in a classic “buy the rumor, sell the fact” trade. The long-term trend for gold remains firmly higher. Digging Deeper Into the Fed’s Move What’s notable about today’s move is that the central bank is cutting interest rates, while inflation is still climbing higher. You may recall that the Fed has a “dual mandate” with policy goals of both full employment and inflation price stability. However, today, the Fed said that “job gains have slowed” and inflation has “moved up and remains somewhat elevated.” Indeed, the most recent Consumer Price Index revealed that inflation rose 0.3% in August to a 2.9% annual rate, well above the Fed’s 2% inflation target. While the Fed typically takes a balanced view on employment versus inflation, today’s action shows it is favoring the labor market by trying to help boost jobs with lower interest rates. What Does This Mean for Gold? For the gold market, this is a bullish signal. Every time since 2001 when the Fed has cut rates with the CPI above 2%, gold has rallied on average 13% over the next year, according to the Bank of America research. Gold, already up 40% since the start of the year, is in the midst of a major secular bull market in precious metals. The start of a Fed rate cut cycle has been historically very positive for gold, which sees major targets at $4,000 and even $5,000 this year and next, according to many major banks. For investors in gold, this is an important moment, one that could define precious metal markets for the next several years. Historically, periods of easing monetary policy have ushered in some of the strongest gold rallies ever recorded. Looking Ahead: More Cuts and More Upside for Gold Current projections suggest that the Federal Reserve could cut rates multiple times over the next 12-18 months. If the economy slows further, as many economists anticipate, the Fed may continue easing throughout 2026. That trajectory creates an environment tailor-made for gold strength. In previous cycles of interest rate cuts, gold consistently outperformed stocks, bonds, and even real estate. Are you positioned properly for this new interest rate environment? Why Now is the Time for You to Consider an Increased Allocation to Gold With the current gold rally underway and the expectation of prolonged monetary easing, now is the perfect time for you to reassess your portfolio allocation. Do you have enough economic insurance? With geopolitics boiling over, inflation climbing as the economy slows, it’s the perfect storm for a setback in the stock market. Action to take: Consider trimming your stock allocation (which may have become stretched) and pile those proceeds into the safety of gold. Gold preserves and protects your wealth, and provides a peace of mind insurance policy for whatever could lie ahead. Waiting on the sidelines could mean missing today’s rare window of opportunity. Each rate cut strengthens the long-term bullish case for gold. By increasing your allocation now, you can capitalize on ongoing momentum and position your portfolio for further gold gains in 2025 and 2026. Blanchard is committed to guiding you through this dynamic market environment with personalized strategies that consider your long-term financial goals, risk tolerance level, and today’s market conditions. Thank you for your trust and partnership. We stand ready to assist. The post Fed cuts rates, gold retreats in “buy rumor, sell fact” trade appeared first on Blanchard and Company.

Today’s Federal Reserve Rate Cut Is Just the Start, Gold Still Climbing The Federal Reserve cut interest rates by a quarter point today, marking the start of an important new monetary easing cycle. In an 11-1 vote, central bankers lowered the Fed’s benchmark rate to 4.00-4.25%. The lone dissent came from newly appointed Governor Stephan Miran, who wanted a half-point rate cut. A majority of Fed officials indicated they expect at least two more interest rate cuts in 2025, suggesting easing at the October and December meetings. After hitting a new record high earlier this week, gold pulled back after the Fed news. Today’s Fed rate cut was widely expected, and short-term traders bid up the precious metal recently and sold it to take profits in a classic “buy the rumor, sell the fact” trade. The long-term trend for gold remains firmly higher. Digging Deeper Into the Fed’s Move What’s notable about today’s move is that the central bank is cutting interest rates, while inflation is still climbing higher. You may recall that the Fed has a “dual mandate” with policy goals of both full employment and inflation price stability. However, today, the Fed said that “job gains have slowed” and inflation has “moved up and remains somewhat elevated.” Indeed, the most recent Consumer Price Index revealed that inflation rose 0.3% in August to a 2.9% annual rate, well above the Fed’s 2% inflation target. While the Fed typically takes a balanced view on employment versus inflation, today’s action shows it is favoring the labor market by trying to help boost jobs with lower interest rates. What Does This Mean for Gold? For the gold market, this is a bullish signal. Every time since 2001 when the Fed has cut rates with the CPI above 2%, gold has rallied on average 13% over the next year, according to the Bank of America research. Gold, already up 40% since the start of the year, is in the midst of a major secular bull market in precious metals. The start of a Fed rate cut cycle has been historically very positive for gold, which sees major targets at $4,000 and even $5,000 this year and next, according to many major banks. For investors in gold, this is an important moment, one that could define precious metal markets for the next several years. Historically, periods of easing monetary policy have ushered in some of the strongest gold rallies ever recorded. Looking Ahead: More Cuts and More Upside for Gold Current projections suggest that the Federal Reserve could cut rates multiple times over the next 12-18 months. If the economy slows further, as many economists anticipate, the Fed may continue easing throughout 2026. That trajectory creates an environment tailor-made for gold strength. In previous cycles of interest rate cuts, gold consistently outperformed stocks, bonds, and even real estate. Are you positioned properly for this new interest rate environment? Why Now is the Time for You to Consider an Increased Allocation to Gold With the current gold rally underway and the expectation of prolonged monetary easing, now is the perfect time for you to reassess your portfolio allocation. Do you have enough economic insurance? With geopolitics boiling over, inflation climbing as the economy slows, it’s the perfect storm for a setback in the stock market. Action to take: Consider trimming your stock allocation (which may have become stretched) and pile those proceeds into the safety of gold. Gold preserves and protects your wealth, and provides a peace of mind insurance policy for whatever could lie ahead. Waiting on the sidelines could mean missing today’s rare window of opportunity. Each rate cut strengthens the long-term bullish case for gold. By increasing your allocation now, you can capitalize on ongoing momentum and position your portfolio for further gold gains in 2025 and 2026. Blanchard is committed to guiding you through this dynamic market environment with personalized strategies that consider your long-term financial goals, risk tolerance level, and today’s market conditions. Thank you for your trust and partnership. We stand ready to assist. The post Fed cuts rates, gold retreats in “buy rumor, sell fact” trade appeared first on Blanchard and Company.

On-chain data shows that XRP whales are currently offloading their coins, which paints a bearish outlook for the altcoin. This comes as XRP struggles to stay above the psychological $3 level and risks dropping to new lows. XRP Whales Offload $480 Million Coins In Two Weeks Santiment data shows that XRP whales have dumped 160 million coins ($480 million) since around September 4, when their holdings peaked at around 6.95 billion. Since then, their XRP holdings have dropped from 6.95 billion to around 6.77 billion. These whales hold between 1 million and 10 million tokens. There is also a similar pattern among whales holding 10 million to 100 million coins and those holding 100 million coins to 1 billion coins. The 10 million to 100 million XRP whales had begun offloading their coins since last month, with a notable drop from 8.1 billion coins to around 7.77 billion coins as of now. Meanwhile, XRP whales holding 100 million coins to 1 billion coins had begun offloading their coins since July, with a sharp drop in their holdings from around 10.83 billion during that period to 7.94 billion in August. However, since then, their holdings have remained stagnant, with these whales remaining on the sidelines, neither buying nor selling aggressively. This development paints a bearish picture for the XRP price as the token could witness further declines as these whales continue to offload their coins. Moreover, these whales are offloading their coins despite projections of a Fed rate cut this week and the upcoming launch of the first spot XRP ETF. This further fuels concerns that these events might turn out to be a ‘sell the news’ event, with a sharp price decline happening once they occur. A Potential Bearish Cross Lies Ahead For XRP In an X post, crypto analyst Egrag Crypto said that a potential bearish cross lies ahead for the XRP price. He predicted that the altcoin might dip to as low as $2.65 despite an imminent Fed rate cut. He noted that many are anticipating a rate cut but that the markets tend to react in the opposite direction, meaning that XRP could decline after the rate cut instead of rallying. Egrag Crypto further stated that for the XRP price to avoid the bearish cross, it needs to see a close above $3.07 and $3.13. If that happens, then he believes that the altcoin will be in a much stronger position to rally to the upside. The analyst predicted that XRP could rally to as high as $3.7 eventually. At the time of writing, the XRP price is trading at around $3, up in the last 24 hours, according to data from CoinMarketCap.

Log in to today's North American session Market wrap for September 17 Both the Bank of Canada (2.75% → 2.50%) and the Federal Reserve (4.50% → 4.25%) cut their rates today which helped to sustain some decent strength in the Canadian Dollar despite pretty negative talks on the Canadian Economy at the decision. The FED actually provided a fairly hawkish cut when looking at the speech from Powell. The Federal Reserve Chair emphasized the decision being centered around the labor market despite economic activity being more than decent. Jerome Powell did mention the resilience of the American consumer and the stable inflation expectation throughout his press conference – This took out the initial dovishness that got priced right after the 14:00 announcement. BoC Governor Macklem expressed some concerns about the Canadian Economy, while still precising that the current pace is more one of a slowdown that an actual recession. You can access his comments right here. Elsewhere, today showed the revelation that US Treasury's Scott Bessent also was found to have listed two homes as principal residence, the same as Lisa Cook as the case progresses – She is still part of the FED and will take back her responsibilities if the case goes to court. China also decided to cut Nvidia chip purchases in the latest round of the ongoing Trade War between the US and China. This might come as a piece of negotiation ahead of the Xi-Trump call that should be taking place on Friday. Read More:Bank of Canada cuts rates to 2.50%, FOMC coming up!— North American mid-week Market updateThe Federal Reserve 25 bps cut sends markets on fire – SEP, Powell's speech and Market reactionsCross-Assets Daily Performance Cross-Asset Daily Performance, September 17, 2025 – Source: TradingView As per usual for such a key FOMC day, the session was a rollercoaster. Initial rallies in stocks, metals and bonds got met with sharp reversals as Powell's conference progressed. The most resilient index amid the pullbacks was the Dow Jones which appreciated from the rate cut, while the Nasdaq and S&P 500 gave back some of their optimism due to higher rate projections in 2026 when looking at the dot plot. Overall, the FED will still be data dependent and traders will have to deal with that fact. There is still about 50 bps of cuts priced in towards the end of 2025. A picture of today's performance for major currencies Currency Performance, September 17 – Source: OANDA Labs The speech from Powell brought back some of the USD strength in his usual balancing tone. Look at the swing in the USD between 14:00 and around 15:00 - The greenback finishes the session at its highs. It particularly hurt the currencies which appreciated in the past week, with a focus on European FX. The currency market will be interesting in the upcoming days particularly after the most recent swings in majors - Overall, data dependency will be back to moving markets moving forward, so stay in touch with the Economic calendar moving forward. A look at Economic data releasing in tonight and tomorrow's sessions For all market-moving economic releases and events, see the MarketPulse Economic Calendar. After today’s wild Bank of Canada and FOMC rate cuts, the week is still far from over: Today's evening session welcomes huge data for Antipodean traders, including New Zealand's GDP (18:45) and Australian Employment (21:30) – Both currencies and particularly the AUD have been strong in the past few weeks, putting some more emphasis on tonight's releases. Thursday promises to be huge, kicking off with a flurry of ECB speeches overnight (another one by Lagarde, de Guindos, Schnabel, Nagel), adding to potential euro volatility – ECB speakers have been generous with speeches as of late which took out further rate cuts priced in 2026. At 07:00 ET, all eyes turn to the Bank of England’s rate decision, minutes, and vote breakdown — a potential high-impact event for GBP. After the most recent cut, the BoE is expected to maintain its rates at 4% amid high inflation but we can never know with the Bank of England. The U.S. follows at 08:30 ET with Initial Jobless Claims and the Philly Fed survey, key checks on labour and manufacturing. Later, New Zealand releases trade data at 18:45 ET, but the biggest piece of the session will be for the JPY traders (and actually all traders are looking at this): The National CPI for Japan at 19:00 ET. but most importantly, the Bank of Japan interest rate decision expected for tonight anytime between 19:30 and 20:30 (time not specified). Safe Trades in this huge Central Bank week! 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.

Solana is strengthening its bullish outlook, with recent price action showing firm momentum above key moving averages. This strength underscores growing buyer confidence and highlights a market structure tilted in favor of further gains. With support levels holding and momentum indicators flashing strength, SOL appears to be building the foundation for its next leg higher in the ongoing bull run. Solana Holds Above Key Moving Averages, Reinforcing Bullish Bias Gemxbt, in a recent post, pointed out that SOL is displaying a strong bullish market structure, with its price action now trading above the 5, 10, and 20-period moving averages. Such alignment of short-term moving averages reflects sustained upward momentum, as buyers continue to maintain control over the market direction. The analyst noted that Solana has established key technical levels, with support forming around $237.5 and immediate resistance situated near $245. These levels will likely serve as pivotal points in the short term, guiding whether the market consolidates further or pushes higher. A break above resistance could reinforce the bullish momentum, while defending support remains essential to preserving the uptrend. Further strengthening the outlook, the Relative Strength Index (RSI) is trending upward. This indicator points toward growing market confidence, as traders continue to lean toward accumulation rather than distribution, reinforcing the bullish tone in SOL’s price action. Adding to the confluence, the MACD has recorded a bullish crossover, with the MACD line moving above the signal line, supporting the bullish sentiment. Combined with the alignment of moving averages and supportive RSI trends, the overall setup suggests that Solana is well-positioned to sustain its rally if buyers maintain their presence in the market. Technical Pattern Confirms Renewed Buyer Strength BitGuru, in a recent update on X, highlighted that SOL has staged a remarkable rally, driven by a strong double bottom breakout and a clean bullish setup. The formation of these patterns has provided momentum for Solana’s price to push all the way up to $249.60, signaling renewed strength in the market. Following this impressive surge, the price action has entered a cooling phase, with the market now undergoing a pullback. Despite the retracement, the overall structure remains intact as SOL is consolidating near the key $235 support level. In the meantime, this pause in price movement could be a healthy step for the market, allowing buyers to regain strength before attempting another push higher. As long as $235 holds firm, the setup continues to favor bulls, with Solana potentially eyeing a fresh move back toward resistance levels in the sessions ahead.

The Japanese yen continues sideways consolidation ahead of the Fed's rate decision. Growing recognition that the Bank of Japan will maintain its policy of normalization, combined with cautious market sentiment, has been one of the main factors supporting the yen as a safe-haven currency. At the same time, traders remain restrained and avoid taking aggressive positions ahead of key central bank policy events. The U.S. Federal Reserve is expected to announce its rate decision today, with at least a 25-basis-point cut anticipated amid signs of labor market weakness. This contrasts sharply with the hawkish expectations for the Bank of Japan. The resignation of Japanese Prime Minister Shigeru Ishiba has added further uncertainty and could be a strong argument for the Bank of Japan to slow the pace of rate hikes. The upcoming Bank of Japan meeting on Thursday remains in focus. The rate is expected to stay unchanged at 0.5%, given domestic challenges and global risks, including the impact of U.S. tariffs. At the same time, market consensus is that the Bank of Japan will still raise rates by the end of the year. By contrast, the U.S. Federal Reserve is projected to resume its rate-cutting cycle, reducing borrowing costs by 25 basis points. Moreover, markets are pricing in the possibility of two additional cuts this year amid weakening labor market signals. These expectations have been a major driver of the dollar's recent drop to lows last seen in July.On the diplomatic front, U.S. President Donald Trump stepped up calls for a peaceful resolution of the Russia–Ukraine conflict, proposing to President Zelensky the signing of a ceasefire agreement and urging Europe to immediately halt purchases of Russian oil. Meanwhile, Israel launched its long-planned ground operation in Gaza, advancing deep into a city that has faced weeks of heavy airstrikes. In addition, an emergency summit of Arab and Islamic leaders in Doha on September 9 condemned Israel's actions toward Hamas leadership, keeping geopolitical uncertainty elevated and supporting the yen as a safe-haven asset. From a technical perspective, the break and close below the round 147.00 level became a new trigger for the bears. Moreover, oscillators on the daily chart have turned negative, indicating that the path of least resistance for the pair is downward. However, a small rebound from the 100-day Simple Moving Average (SMA) around 146.20 calls for some caution. Therefore, it would be prudent to wait for selling to continue below this area and under 146.00 before planning further losses. On the other hand, a recovery above the nearest level at 146.70 would attract new sellers and remain capped at the round 147.00 level. But subsequent buying beyond that point could lift USD/JPY above 147.55, on the way toward the round 148.00 level. The material has been provided by InstaForex Company - www.instaforex.com

Bitcoin has observed a recovery surge toward $117,000 as on-chain data shows Binance users have been making consistent withdrawals recently. Binance Bitcoin Netflow Has Been Negative Recently As pointed out by CryptoQuant community analyst Maartunn in a Quicktake post, BTC has been flowing out of Binance recently. The on-chain indicator of relevance here is the “Exchange Netflow,” which keeps track of the net amount of Bitcoin that’s entering into or exiting out of the wallets connected to a given centralized exchange. When the value of this metric is positive, it means the inflows are overwhelming the outflows on the platform. Generally, one of the main reasons why investors deposit their coins in exchanges is for selling-related purposes, so this kind of trend can be a bearish sign for the asset’s price. On the other hand, the indicator having a value under zero implies the holders are taking a net number of tokens out of the custody of the exchange. Such a trend may be a sign that the investors are accumulating, which is naturally something that can be bullish for BTC. Now, here is a chart that shows the trend in the Bitcoin Exchange Netflow for Binance, the largest exchange in terms of trading volume, over the past month: As displayed in the above graph, the Bitcoin Binance Exchange Netflow has been negative for the last nine days, indicating that investors have constantly been pulling supply out of the platform. In the same period as these outflows, BTC has seen a recovery run toward the $117,000 level, so it would appear possible that the withdrawals have had a role to play in it. The outflows are also interesting in the context of the two-day Federal Open Market Committee (FOMC) meeting, which kicked off on Tuesday and will conclude on Wednesday with a speech from US Fed Chair Jerome Powell. “Most analysts expect the Fed to cut rates this week, with prediction markets like Polymarket showing a 92% probability of a rate cut,” notes Maartunn. “The steady outflows from Binance may reflect early positioning ahead of this event.” It now remains to be seen how the market will react when Powell delivers the Fed decision, and whether the streak of Bitcoin net outflows from Binance will continue. Bitcoin outflows aren’t the only thing that has occurred on Binance ahead of the FOMC meeting. As CryptoQuant author Darkfrost has pointed out in a Quicktake post, the exchange has also seen massive stablecoin inflows. From the chart, it’s visible that Binance has seen a large stablecoin netflow spike corresponding to the deposit of nearly $2 billion worth of stablecoins. Investors transfer their fiat-tied tokens to exchanges when they want to buy into an asset like Bitcoin, so this could be another indication of investors repositioning in anticipation of the Fed decision. BTC Price At the time of writing, Bitcoin is trading around $116,400, up around 3.6% over the last week.

Today, gold prices are correcting from the record high reached on Tuesday, amid a moderate recovery in the U.S. dollar. The U.S. dollar has paused its decline as markets reposition ahead of the key FOMC rate decision, which has put slight pressure on the precious metal. As a result, gold ended its three-day winning streak after setting a new all-time high. Nevertheless, downward potential remains limited. Investors are convinced that the Federal Reserve will resume its rate-cutting cycle, with two cuts expected before the end of this year. This outlook caps further U.S. dollar strength and supports gold, keeping it near historical highs. In addition, geopolitical risks stemming from the escalation of the Russia–Ukraine conflict and tensions in the Middle East help limit losses in the precious metal, which is traditionally considered a safe-haven asset. This, in turn, calls for caution from XAU/USD bears. From a technical perspective, the Relative Strength Index (RSI) on the daily chart is in overbought territory, which is a key factor encouraging profit-taking in this asset. However, the corrective pullback may be seen as a buying opportunity near the 3658 level. But a decline below this point, leading to further losses under 3630, could drive the precious metal's price toward the 3612–3600 level. This zone represents a solid base for XAU/USD; a break below it would open the way to deeper losses toward support at 3578–3565–3540, on the path to the psychological 3500 level. On the other hand, bulls should wait for sustained growth and a firm break above the round 3700 level before opening positions to continue the established upward trend. The material has been provided by InstaForex Company - www.instaforex.com

The wave structure for GBP/USD continues to indicate the formation of an upward impulsive wave sequence. The wave pattern is almost identical to EUR/USD, as the only "driver" remains the U.S. dollar. Demand for the dollar is declining across the market (in the medium term), so many instruments are showing nearly identical dynamics. At the moment, the formation of the assumed wave 5 continues, within which waves 1 and 2 have already been formed. The current wave structure raises no doubts. It should be remembered that much in the currency market now depends on Donald Trump's policies, and not only trade policy. Occasionally, positive news emerges from the U.S., but the market keeps in mind ongoing uncertainty in the economy, contradictory decisions and statements by Trump, and the hostile, protectionist stance of the White House. The market also fears Fed easing, for which there are now more reasons than just a weak labor market. The GBP/USD pair rose by 50 basis points during Tuesday and Wednesday, which is not much. I cannot say that the news background over these two days demanded a stronger appreciation of the British currency, but it does open additional prospects for it. Let me explain. The Bank of England has paused its cycle of monetary policy easing. Accordingly, the main question for the pound is: how long will this pause last? Its duration will depend on the state of the economy, the labor market, unemployment, and inflation. The UK economy has been growing at a modest pace for several years, but it seems the British Parliament does not expect more. The unemployment rate is rising, inflation is also rising. Based on this, I can assume that over the next year to year and a half, the Bank of England will also balance between two fires, just like the Fed. The UK does not have a NonFarm Payrolls report, so we can judge the labor market only by the unemployment rate and reports on changes in employment/unemployment. The unemployment rate has risen by 0.7% over the past year, but inflation has more than doubled. I dare suggest that the Consumer Price Index is of greater concern to Bank of England officials than unemployment. I believe that in the near future all efforts will be directed at preventing the indicator from moving into the "above 4%" level. Therefore, a rate cut by the Bank of England before the end of the year should not be expected. At the same time, the Fed may lower the rate at all three remaining meetings in 2025, which puts the dollar in a remarkably weak position. That is why I believe the pound's growth potential is now, if not enormous, then quite significant. Inflation in the UK in August did not increase but also did not slow down. This report can be considered positive for the pound. General conclusions The wave pattern of GBP/USD remains unchanged. We are dealing with an upward impulsive section of the trend. Under Donald Trump, markets may still face many shocks and reversals that could significantly affect the wave structure, but at the moment the working scenario remains intact, and Trump's policy is unchanged. The targets of the upward trend section are located around the 261.8% Fibonacci level. Currently, I expect continued growth within wave 3 of 5 with a target at 1.4017. The larger-scale wave structure looks almost perfect, even though wave 4 moved beyond the maximum of wave 1. However, let me remind you that perfect wave patterns exist only in textbooks. In practice, things are much more complicated. At present, I see no reason to consider alternative scenarios or make adjustments. Main principles of my analysis: Wave structures should be simple and clear. Complex structures are hard to trade and often bring changes.If there is no confidence in what is happening in the market, it is better not to enter it.One can never have 100% certainty about the direction of movement. Do not forget protective Stop Loss orders.Wave analysis can be combined with other forms of analysis and trading strategies.The material has been provided by InstaForex Company - www.instaforex.com

The much expected FOMC cut finally took place, and it is offering a lot of action throughout markets. The rate is now officially at 4.25% (Between 4% to 4.25%). An additional 50 bps is planned by the FED for the rest of the year. As expected Miran dissented for a 50 bps, the dot plot is a bit more dovish than expected. After the volatile past few days, particularly in FX markets and commodities, [...] took the seat of the most violent movements. You can access the official FOMC statement right here. Summary of Economic Projections can be found right here. Also do not forget to log in at 14:30 E.T. to Jerome Powell's Live Press conference through this link. Let's take a look at a few key charts to spot what changed amid this volatility: September 2025 Summary of Economic Projections Summary of Economic Projections, Federal Reserve, September 17 You can access our previous post to see how to read the changes in the SEP. Read More: Bank of Canada cuts rates to 2.50%, FOMC coming up!— North American mid-week Market update Live Market reactions across Markets Post-FOMC release Market Snapshot – September 17, 2025 – Source: TradingView More details on the most volatile assets: Watch out for the Press conference which also offers a lot of volatility! S&P 500 moves higher but rejects highs S&P 500 1H Chart, September 17, 2025 – Source: TradingView Gold hesitant rally Gold 1H Chart, September 17, 2025 – Source: TradingView The US Dollar slides further to new 2025 lows Dollar Index 1H Chart, September 17, 2025 – Source: TradingView US Treasuries hesitant rally US 10Y Bonds 1H Chart, September 17, 2025 – Source: TradingView Safe Trades ahead of the Powell Press Conference! 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.

How to Protect Retirement Accounts from Lawsuits Executive Summary Market swings aren’t your only risk in retirement. Legal threats can also erode savings unless you deliberately protect retirement accounts from lawsuits with the right mix of plan selection, documentation, insurance, and timing. This guide turns complex rules into practical steps you can use this year. Why Lawsuit Risk Matters in Retirement Many retirees assume their nest egg is untouchable. However, not all accounts and situations receive equal protection. Personal liability claims, business disputes, divorce orders, tax issues, and poor documentation can expose assets you thought were safe. Your goal is simple and strategic. Keep money inside the “buckets” with the strongest statutory protection, then reinforce weak points with insurance and clean paperwork. Even routine choices, like rolling a 401(k) to an IRA, can change your legal shield more than you’d expect. That’s why it pays to proactively protect retirement accounts from lawsuits before claims arise. Common Paths Creditors Use to Reach Savings To build a defense, first understand the offense. Here are common ways claims try to access retirement money. Personal liability claims. Auto accidents, injuries on your property, or alleged negligence can lead to sizable judgments. Professional or volunteer disputes. Consulting, contract work, or board service may trigger claims tied to your services or decisions. Business debts and guarantees. Personal guarantees can bypass corporate shields and reach personal assets. Family law orders. ERISA plans may be divided via a QDRO, while IRAs are divided incident to divorce under IRC §408(d)(6); state law may also allow garnishment for support. Tax liens and government claims. The IRS and other agencies hold powers that ordinary creditors do not. Fraudulent transfer allegations. Last-minute moves that look like hiding money can be unwound in court. What the Law Already Protects Protection depends on the type of plan, applicable federal rules, and your state’s exemptions. Knowing which “bucket” you own is half the battle. Understanding which accounts actually protect retirement accounts from lawsuits is essential. Employer Plans Covered by ERISA Most private-sector 401(k) and defined-benefit pension plans are governed by ERISA. Governmental and church plans are exempt, and 403(b) coverage depends on the sponsor and the level of employer involvement (governmental/church 403(b)s are not ERISA; certain 501(c)(3) 403(b)s can be non-ERISA if they meet DOL safe-harbor conditions). These employer plans typically include an anti-alienation clause that blocks private creditors from attaching your account. In practical terms, a typical civil judgment creditor can’t seize ERISA plan balances. There are narrow exceptions. The government can enforce tax levies, courts can issue QDROs in divorce or support cases, and criminal restitution orders can reach funds. Outside these exceptions, ERISA plans generally provide robust non-bankruptcy protection. Owner-Only and Small Plans Plans that cover only an owner and spouse, like many solo 401(k)s, are usually not subject to ERISA Title I. As a result, they may lack the same non-bankruptcy shield large employer plans enjoy. They still receive specific bankruptcy protection, but weigh this difference before consolidating everything into a solo plan. Traditional IRAs and Roth IRAs In bankruptcy, traditional and Roth IRAs funded by contributions are exempt up to $1,711,975 per person for cases filed April 1, 2025 to March 31, 2028. Amounts directly traceable to rollovers from qualified plans (401(a), 403(a)/(b), 457(b), and SIMPLE under §408(p)) are exempt without dollar limit. However, outside bankruptcy, IRA protection is governed by state law. Some states shield IRAs broadly; others limit protection based on “necessary support,” and a few provide narrow exemptions. Consequently, your state of residence materially changes your risk. Inherited IRAs Under federal bankruptcy law, inherited IRAs are not exempt as “retirement funds” (Clark v. Rameker, 573 U.S. 122 (2014)); some states provide separate protections under their statutes. 403(b) and 457(b) Plans Whether a 403(b) plan is subject to ERISA depends on the sponsor and involvement: governmental and church 403(b)s are not ERISA; a 501(c)(3) 403(b) can be non-ERISA if it meets the DOL safe-harbor (limited employer involvement), otherwise it is ERISA. Governmental 457(b) plans must hold assets in trust for participants under IRC §457(g). This protects them from the employer’s creditors. Protection from a participant’s personal creditors depends on state law and plan terms. Non-governmental 457(b) plan assets remain the employer’s property and are subject to the employer’s general creditors. This distinction matters when consolidating accounts. How to Protect Retirement Accounts from Lawsuits: A Layered Strategy Think in layers. Start with account type, continue with documentation and titling, and finish with insurance and behavior. Here’s a practical, ordered approach to protect retirement accounts from lawsuits without sacrificing investment flexibility. 1) Favor ERISA When Practical If you still have access to a former employer’s 401(k) with strong protections, consider leaving assets there. ERISA’s non-bankruptcy shield is generally stronger than many alternatives. An IRA rollover might offer broader investments and easier Roth strategies, yet the legal shield can change. Therefore, weigh convenience and investment options against creditor protection and how well they protect retirement accounts from lawsuits before acting. 2) Keep Rollover Dollars Traceable When rolling an ERISA plan into an IRA, keep rollover funds in a clearly labeled “Rollover IRA” and retain statements, because the unlimited bankruptcy exemption applies only to amounts directly traceable to qualifying rollovers under §522(n). 3) Align with Your State’s Rules Because non-bankruptcy IRA protection is state-specific, review your state’s exemptions. If your state offers broad protection, consolidating into IRAs may be comfortable. If it’s restrictive, you may prefer to retain money in an ERISA plan or add further planning. A brief consultation with a local asset-protection attorney can help you avoid costly missteps. 4) Coordinate Beneficiary Designations Spousal rollovers can preserve tax deferral, but creditor protection can change: ERISA protections generally end once assets are rolled to an IRA, and bankruptcy exemptions for IRAs are capped (with unlimited protection for traceable rollovers). Naming a trust can work well; however, the trust must be drafted to comply with retirement account rules so you don’t forfeit long-term tax benefits. For adult children in high-liability fields, a properly designed trust may add creditor protection a direct inheritance cannot. 5) Use Insurance as the Outer Wall Insurance doesn’t replace statutory protections, but it often stops claims before account protections are even tested. Consider: Umbrella liability coverage. One to five million dollars of additional protection is often available for a modest premium. Professional liability policies. Match coverage to your actual consulting, medical, real estate, or board risks. Underlying policy alignment. Ensure home and auto policies meet minimum limits so the umbrella policy applies. Together with strong account selection, this layer helps protect retirement accounts from lawsuits. 6) Avoid Prohibited Transactions in Self-Directed IRAs Real estate or private placements inside IRAs can diversify returns. Yet the rules are strict. Loans between you and the IRA are prohibited. Personal use of IRA-owned property is prohibited. If you violate these rules, the entire account can be deemed distributed, which obliterates tax deferral and any associated protection. If you use an IRA-owned LLC, understand that it’s mainly an administrative tool, not a shield against your personal creditors. 7) Keep Retirement Assets Separate from Business Activities Don’t pledge your IRA or 401(k) as collateral, and avoid guaranteeing business loans that depend on your retirement money. These moves can pierce protection and trigger prohibited transactions. If you’re an owner, use liability-limiting entities for business risks, while keeping retirement assets entirely outside those structures. 8) Plan Early, Not After a Problem Arises Court “look-back” rules can unwind transfers made after you learn of a claim. The safest path is to establish your protection plan while the seas are calm. If a threat already exists, consult counsel immediately and avoid self-directed transfers that can be construed as fraudulent. Case Studies: What Works in Practice Case 1: The Former Executive with a Large 401(k) Fran has $2 million in a former employer’s 401(k). She prefers the flexibility of an IRA, and her state only moderately protects IRAs. She also consults part-time. Practical approach. Fran leaves the balance in the ERISA plan for now, using a small IRA for new contributions and Roth conversions. If she later rolls funds, she’ll title a separate Rollover IRA and keep every confirmation. Meanwhile, she increases her umbrella coverage to $3 million due to consulting risks. This layered plan preserves a strong legal shield while allowing investment flexibility over time. Case 2: The Small-Business Owner with a Solo 401(k) Jake runs an S-corp with a solo 401(k) for himself and his spouse. He wonders whether the plan protects him from business lawsuits. Practical approach. Jake learns owner-only plans generally lack ERISA Title I protections. He tightens corporate formalities, adds a business liability policy, boosts his personal umbrella coverage, and avoids personal guarantees when possible. He considers hiring a part-time employee, which may bring the plan under ERISA. He also evaluates whether rolling part of the balance to an IRA fits his state’s exemptions. The result is a diversified defense rather than a single point of failure. Case 3: The Real-Estate Investor Using a Self-Directed IRA Nora buys a rental property inside a self-directed IRA and considers staying there during winter “checkups.” A friend says it’s fine because it’s a business trip. Practical approach. Nora discovers that any personal use is a prohibited transaction. She never stays at the property, keeps expenses at arm’s length, hires a third-party manager, and increases umbrella coverage to reflect landlord risks. Her IRA remains compliant and protected. Case 4: The Inherited IRA for a High-Liability Beneficiary Sam, a surgeon, will inherit a large IRA. He worries about malpractice claims years down the road. Practical approach. Sam’s father names a properly drafted trust as beneficiary, designed to maintain favorable retirement account tax rules while adding spendthrift protections. The plan balances tax deferral and creditor protection for a child with elevated professional liability. What Usually Does Not Work Last-minute transfers. Moves after an accident or lawsuit often trigger fraudulent transfer claims. Secrecy and concealment. Hiding money invites penalties, destroys credibility, and weakens defenses. One-size-fits-all offshore schemes. Complex offshore trusts can backfire without genuine need and expert management. Magical thinking about LLCs. An IRA LLC streamlines administration; it doesn’t erase personal creditors. Commingling or pledging assets. Mixing personal and plan funds or pledging them as collateral can undo protections outright. Estate Planning that Enhances Protection Estate planning and creditor protection are tightly linked. The choices you make now shape who receives your accounts and how well those accounts stay protected—both during your life and after your death. Refresh beneficiary forms. Update them after marriages, divorces, births, and deaths. These forms control the account even if your will says otherwise. Use per stirpes when appropriate. This designation passes a share to a beneficiary’s children if that beneficiary predeceases you, preventing accidental disinheritance. Consider trusts for vulnerable heirs. Well-drafted trusts can preserve tax benefits while adding ongoing creditor protection. Coordinate with your spouse. Spousal rollovers can extend tax deferral; however, once ERISA plan assets are rolled to an IRA, ERISA anti-alienation no longer applies and IRA creditor protection depends on bankruptcy limits and state law. Documentation, Titling, and Process Paperwork proves protection. If you ever need to show that dollars carry special status, records will do the talking. Thorough records help protect retirement accounts from lawsuits when questions arise. Save plan documents and adoption agreements. These establish ERISA applicability. Keep rollover confirmations and statements. Store them with IRA custodial agreements for easy tracing. Title accounts clearly. Use labels like “Rollover IRA” to make the source obvious at a glance. Log contributions, rollovers, and conversions. Clean records simplify taxes and legal tracing. Special Risks to Monitor Tax issues. The IRS has broad collection powers. Staying current is cheaper than enforcement. Divorce and support orders. QDROs can access certain funds; early planning and fair settlements reduce surprises. Changing states. Moving can change your exemptions; review your plan whenever you change domicile. Side gigs and board roles. New activities add liability; update contracts and coverage accordingly. A Layered Action Plan to Protect Retirement Accounts from Lawsuits Inventory accounts. List plan type, employer plan or IRA, and whether funds are rollover or contributory. Identify ERISA protection. Flag any accounts with federal anti-alienation provisions. Map state exemptions. Review a current summary of your state’s IRA rules or speak with local counsel. Decide on rollovers deliberately. Confirm how a move changes your legal shield before transferring so you protect retirement accounts from lawsuits. Update beneficiary designations. Align forms with your estate plan and desired protections for heirs. Raise umbrella coverage. Coordinate home, auto, and umbrella policies with adequate limits. Avoid prohibited transactions. If using a self-directed IRA, obtain guidance before every deal. Schedule annual reviews. Revisit after major life changes or when laws shift. Plain-English FAQs Should I roll my old 401(k) into an IRA at retirement? Maybe. ERISA plans typically offer stronger shields against private creditors; IRAs offer investment flexibility but rely on state law outside bankruptcy and have a federal bankruptcy cap of $1,711,975 for contributed amounts (rollover dollars traceable from qualified plans are exempt without limit). Choose the path that better protects retirement accounts from lawsuits. Do umbrella policies actually help? Yes. Umbrella policies often intercept claims before they threaten personal assets. They aren’t perfect, yet they’re relatively inexpensive for the protection gained. Work with an agent who understands how businesses, rentals, or hobbies change your risk profile. Are inherited IRAs protected for my adult children? Under federal bankruptcy law they’re not exempt (Clark v. Rameker), though some states provide statutory exemptions; consider a properly drafted trust for heirs in high-liability fields. Can a self-directed IRA LLC shield me from my personal creditors? No. The LLC primarily eases administration and speeds transactions. It doesn’t turn your IRA into a fortress against your liabilities. Protection comes from the retirement account rules, proper titling, and adherence to prohibited-transaction restrictions. Tying It All Together To truly protect retirement accounts from lawsuits, combine the legal shield of ERISA or state-protected IRAs, the practical shield of robust insurance, and the procedural shield of impeccable documentation. No single tool is enough. Together, they reduce the odds that a claim ever touches your savings and improve your leverage if one does. Start with what you control today. Confirm which plans are ERISA-protected, label and separate your Rollover IRA, refresh beneficiary forms, and right-size your umbrella coverage. Then schedule a brief conversation with a local asset-protection attorney to confirm your approach fits your state’s rules. With a layered strategy of account type, documentation, and insurance, you can confidently protect retirement accounts from lawsuits and keep your financial independence intact. Key Takeaways Leverage ERISA. Employer plans usually provide the strongest non-bankruptcy protection from private creditors. Know your state. Outside bankruptcy, IRA protection depends on state exemptions; plan accordingly. Document rollovers. Keep Rollover IRAs traceable to preserve enhanced bankruptcy protection. Reinforce with insurance. Umbrella and professional liability policies stop many claims at the gate. Avoid prohibited transactions. Self-directed IRA missteps can collapse tax benefits and legal protection at once. Final Word The law gives you powerful tools. Use them early, use them together, and keep them current. With a layered strategy of account type, documentation, and insurance, you can confidently protect retirement accounts from lawsuits and keep your financial independence intact. The post How to Protect Retirement Accounts from Lawsuits first appeared on American Bullion.

Pi Coin is struggling to register any bullish momentum, and all indicators suggest this might continue into the foreseeable future. Since its launch, the Pi Network price has crashed by about 88%, which has left many early supporters and holders worried about its future. Recent market data shows that the decline can be attributed to massive token unlocks and weak liquidity on crypto exchanges. Furthermore, new developments show that unless market dynamics improve, Pi Network may face even more declines in the coming months. Heavy Selling Pressure Pi Due To Token Unlocks Pi’s price action has been full of downtrends, with data showing the cryptocurrency down across multiple timeframes. At the time of writing, the token is currently moving between $0.353 and $0.3606 with poor liquidity and continued unlocking of the tokens. The unlocks have done nothing to help with the situation of things. One of the biggest influences behind Pi Network’s downtrend is the continuous release of unlocked tokens into the market. Pi was created with a max supply of 100 billion tokens, but only 8 billion of those are currently in circulation. Its tokenomics are set up such that tokens are unlocked into circulation every day. According to data from PiScan, there are about 5 billion Pi Network tokens locked right now, and 135.7 million of those are set to be unlocked in the next 30 days. Notably, one unlock event added around 163 million PI tokens worth about $60 million into circulation, a move that contributed further to the cryptocurrency’s price decline. More token unlocks are expected in the near future, and the increase in circulating supply has far outpaced demand. Data from PiScan shows that about 4.5 million Pi worth $1.614 million are released every day. This oversupply problem could leave the price of Pi Network vulnerable, and each token release could further weaken the value of those in circulation. Furthermore, the current order books for Pi Network across several exchanges are extremely thin, leaving too few buyers in the market to absorb the wave of selling pressure. Project Delays: Calls For Bold Action Pi Network’s own development delays have contributed to skepticism among many investors. The long-promised KYC rollout, the V23 upgrade, and full mainnet decentralization have created frustration among users who had anticipated faster progress. In a lengthy post on the social media platform X, prominent community member Mr Spock urged the Pi Core Team to take what he described as bold economic steps to restore stability and build a valuable and sustainable economy. He called for a comprehensive buyback and burn program, noting that aggressive deflationary measures are the only way to protect Pi’s value. According to him, the Core Team should buy back Pi from the open market, permanently burn all transaction fees instead of recycling them, and stop flooding the market with excess supply. He further suggested that Pi’s mining model must be reconsidered either by ending it completely to lock the supply or by introducing utility-based mining that rewards only those who contribute real value to the ecosystem. At the time of writing, Pi Network is trading at $0.3552, down by 1% in the past 24 hours. A drop below $0.350 could guarantee further declines to $0.34.

US Fed Interest Rate Decision: 4.25% vs +4.25% expected, meets consensusUS Federal Reserve Interest Rate Decision (September 2025): Breaking: The Federal Reserve has voted to cut rates in its September decision, bringing the target federal funds rate to 4.00-4.25%. The cut represents the first time since December 2024 that the Fed has voted to lower rates, being maintained at 4.5% for the entirety of 2025 - until today. Key takeaway: While the Federal Reserve remains conscious of inflation, poor economic data, especially recent labour reports, have forced the hand of the Federal Reserve into cutting rates. 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.

US-based REX Shares has stirred significant anticipation in the crypto community by announcing the launch of its Dogecoin (DOGE) and XRP exchange-traded funds (ETFs) on September 18. Imminent Launch Of REX Shares’ DOGE And XRP ETFs? In a post on social media platform X (formerly Twitter), REX Shares promoted the upcoming launch of the REX-Osprey XRP ETF, under the ticker symbol XRPR, and the REX-Osprey DOGE ETF, designated as DOJE. These ETFs can potentially be the first exchange-traded products that allow US investors to access Dogecoin and XRP. This could open new avenues for retail and institutional investors and increase demand, which could further raise their prices. Nate Geraci, co-founder of the ETF Institute, echoed REX Shares’ excitement, emphasizing the significance of these products. He declared, “First ever DOGE ETF, period. First XRP ETF offering spot XRP exposure.” Crypto ETF Surge In Coming Months Bloomberg ETF experts Eric Balchunas and James Seyffart have recently projected that REX-Osprey’s offerings could hit the market on Thursday, despite the SEC’s recent extension of decisions for other cryptocurrency ETFs. The landscape for ETF approvals is further complicated by the delayed amendment for BlackRock’s Ethereum staking application, which has also been postponed to October 30. Balchunas attributes these delays to ongoing coordination between the SEC and exchanges like Cboe and NYSE regarding updated listing standards. However, Balchunas anticipates that streamlined procedures, expected to be approved in October, could lead to a “flood of ETFs probably in a couple months,” significantly enhancing institutional adoption of cryptocurrency investments. Despite the bold proclamation from REX Shares, the US SEC has yet to officially confirm the approval of these ETFs or any similar applications from other firms seeking to provide direct exposure to the spot prices of these digital assets. Featured image from DALL-E, chart from TradingView.com

The XRP price is once again at the center of discussion in the cryptocurrency market after a market expert reiterated their bold long-term forecast. The founders of EasyA, Dom and Phil Kwok, say the token still has the potential to hit $1,000, even if it takes longer than first expected. They explain that the short-term view is not yet clear, but the long-term case for XRP remains strong. EasyA Founders Stand By $1,000 XRP Price Prediction Dom and Phil Kwok joined host Tony Edward on the Thinking Crypto podcast to share their updated thoughts on XRP. Edward recalled their earlier bold forecast of $1,000 by 2030, which still excites many supporters. Dom Kwok made it clear that the short-term outlook is still “formulating,” meaning they are not ready to set a concrete target for the current cycle. However, he confirmed that the long-term thesis remains intact, and the bold forecast is still alive. According to Dom, a significant amount of new money could enter the market once the rules are clarified. When those approvals are in place, Dom believes that large amounts of new capital could flow into XRP. The market expert noted that the legal teams of hedge funds and asset managers are working out the rules to determine how they can start investing in other tokens. With the SEC lawsuit against Ripple now resolved, many of the barriers that held back institutions are gone. For the EasyA founders, this shift in the investment landscape is key to why the XRP $1,000 price target remains in place. Network Effects And Developer Momentum Strengthen XRP’s Case Phil Kwok spoke about another driver for the XRP’s growth: network effects. He explained that when prices rise, more developers become involved and build. Recent performance shows why the EasyA founders remain confident. The XRP price has climbed 456% since last year, trading above $3, and it is now the best-performing large-cap altcoin. Dom also pointed out that price charts matter because falling prices scare off both users and builders. With the XRP price showing steady gains, it is drawing more investors and developers to its network. The short-term outlook is still uncertain, but the long-term belief in $1,000 continues to drive discussion. While Dom and Phil Kwok stand by their bold forecast, other experts, such as Matthew Brienen of CryptoCharged, have suggested that the price could reach that level by 2035 instead. Even with the extended timeline, XRP’s strong position, growing utility, and the attention of institutions and developers all point toward a long-term path of significant growth. For many in the XRP community, the $1,000 price target remains a central rallying point, even if the timeline shifts.

Anfield Energy’s Shootaring Canyon Mill project in southeast Utah. Credit: Anfield Energy Anfield Energy (TSXV: AEC) has been approved to for listing on the NASDAQ, with trading set to begin on Sept. 18 under the symbol “AEC”. Its OTC-listed shares will then cease trading, while its Canadian-listed stock will continue to trade under the same symbol. The company applied for the NASDAQ listing in April 2025, seeking to leverage its US-based uranium asset base at a time when domestic production of the nuclear fuel is falling short of anticipated demand. “With all of Anfield’s assets located in the United States, and with the United States having the largest installed nuclear reactor base worldwide – but producing less than 1% of required uranium – we believe the company is well positioned to attract additional US investor interest as a potential near-term uranium producer,” Anfield’s CEO Corey Dias stated at the time of application. “The listing will both elevate our profile in the United States and provide greater visibility and exposure to a broader institutional and retail investor base,” Dias reiterated in a press release issued Wednesday. The listing approval sent Anfield Energy’s Toronto-listed shares 13% higher by midday, with a market capitalization of approximately C$134 million ($97 million). Emerging US producer Anfield currently has over 20 uranium assets in its pipeline across the Western US. The closest to production is the Velvet-Wood project in Utah, which the US government had selected for fast-tracked permitting as part of the Trump administration’s efforts to boost domestic production of critical minerals. Located about 200 miles (322 km) south of Salt Lake City, the proposed mine comprises two separate areas that together hold 4.6 million lb. of uranium oxide equivalent (eU3O8) in the measured and indicated category, plus 552,000 lb. in the inferred category. Most of the work at the mine is expected to take place underground, targeting known mineral deposits left from earlier operations. In Wednesday’s release, CEO Dias confirmed that the company is pushing to start mine construction at Velvet-Wood in 2025. The project obtained environmental approval in May, becoming the first to be greenlit under a compressed 14-day review timeline. Elsewhere in Utah, Anfield also intends to reopen the Shootaring Canyon uranium mill, situated to the west of Velvet-Wood about 48 miles (77 km) south of Hanksville. The facility is one of only three licensed, permitted and constructed uranium mills in the US, and had a brief period of production during the 1980s. Both Shootaring Canyon and Velvet-Wood were acquired together by Anfield in 2015 from Uranium One.

B2Gold (TSX:BTO) (NYSE AMERICAN: BTG) is open to mergers and acquisitions but may hold off until 2026, when management expects the market to assign greater value to its fully ramped-up Goose mine in Nunavut and the Fekola Regional project in Mali, President and CEO Clive Johnson said this week at Forum Americas in Colorado Springs. Johnson’s comments come as B2Gold joins a sector seeing a surge of deal-making in 2025, with Australian and Canadian miners driving consolidation. Recent transactions include Equinox Gold’s merger with Calibre Mining, Northern Star’s purchase of De Grey Mining, and Torex Gold’s acquisition of Prime Mining. Analysts at Jefferies noted on Wednesday that B2Gold may be waiting until its shares are re-rated higher before pursuing any transactions. The company said this week its Goose project had poured first gold in June, with commercial production expected in the coming weeks. B2Gold now forecasts 2025 output from Goose at 80,000 to 110,000 ounces, down from earlier guidance of 120,000 to 150,000 ounces, citing crushing plant capacity issues. Fourth-quarter production at Goose is expected at 70,000 ounces. Production is still forecast at 250,000 ounces in 2026, rising to 330,000 ounces in 2027. Over its first six years, Goose is expected to average 300,000 ounces annually. At the Fekola mine in Mali, production has exceeded budgeted levels in the first half of 2025, B2Gold said. The mine recently began underground ore output, while the company anticipates an exploitation permit for the Fekola Regional project by the end of the third quarter. Gold production is expected in early 2026, ramping up to 180,000 ounces a year. Elsewhere, the Otjikoto and Masbate mines outperformed expectations in the third quarter. B2Gold has approved development of the Antelope underground deposit at Otjikoto, cutting pre-production capital costs to $105 million from an earlier estimate of $129 million. Antelope is expected to begin contributing to output in 2026–27, lifting Otjikoto’s production by about 110,000 ounces annually over the life of the mine.

Log in to our mid-week North American Markets overview, where we examine the current themes in North America and provide an overview of indices and currency performances. This week finally lands some fundamental change for the currency space, and this will influence Markets for the time to come. After North American Central Banks holding due to tariffs uncertainty, the latest round of data provided what they needed for their decision-making: The Bank of Canada cuts its main rate to 2.50% after its last cut in March 2025. The change in policy reflects mounting evidence of economic weakness — Canadian GDP keeps contracting with the Q2 numbers and August saw a steep 60K job loss, underlining a still deteriorating labor market. Tariffs on key exports pressured growth leaving no choice for Macklem and the BoC to cut – this comes particularly as Macklem puts less emphasis on inflationary pressures. You can access his statement right here. Governor Tiff Macklem is actually speaking as I write this piece, and the speech is dovish/pessimistic on the Canadian Economy. Also check out our most recent piece on the data right here. The Federal Reserve is now expected to follow suit, with labor market cracks showing in the two most recent NFP releases – Despite US Inflation still elevated, Powell's August shift at the Jackson Hole speech indicated a switch in the FED's narrative (and added pressure from the Trump Administration). Furthermore, with the negative PPI print and a not-too-hot CPI, the green light is here for the FED to start cutting. With the sudden new balance of doves in the FED with Miran entering the meeting just before its start and Lisa Cook not being part of the meeting, an expected more dovish dot plot led to a huge selloff in the US Dollar, particularly as pre-meeting hedging accelerated. Read More:Access technical levels for major FX pairs ahead of the FOMC rate decisionFed (FOMC) Meeting Preview: 25 bps Cut Appears Baked In, Forward Guidance Is Key. Implications for the DXY, Dow Jones and S&P 500Guide to the FOMC statement and September SEP: Key takeaways and what to watch Let's dive right into a few charts to get an overview on North American Markets, from US and Canadian equity Markets performance, USD and CAD performance to USDCAD and DXY charts. North-American Indices Performance North American Top Indices performance since last Monday – September 17, 2025 – Source: TradingView North-American indices are still ravaging their way higher without leaving much space for bears. The ongoing rallies are particularly impressive when looking at other indices, particularly in Europe (Yellow) which struggled quite a lot in the past 1.5 week. The TSX left its throne for the Nasdaq which has been performing sensationally – We will see what was the effect of the most recent Bank of Canada rate cut for the TSX. There is an ongoing profit-taking move in Equities right ahead of the FOMC that is to be monitored! Dollar Index 8H Chart Dollar Index 8H Chart, September 17, 2025 – Source: TradingView As detailed in the chart published in our pre-FOMC FX technical level analysis, the Dollar Index freshly broke its August consolidation range and has stopped its free-fall just before its 2025 yearly lows (96.53 vs 96.23 July 1st lows). I also invite you to check out our most-recent DXY analysis to get further information on why the greenback moved so much these past few sessions. Levels to watch for the Dollar Index: Support Levels: 2025 Lows Major support 96.50 to 97.00Early 2022 Conslidation just below 96.0095.00 Key SupportResistance Levels: Range support now Pivot 97.50 (immediate resistance)98.00 higher timeframe PivotCurrent range Extreme resistance 98.50100.00 Main resistance zoneUS Dollar Mid-Week Performance vs Majors USD vs other Majors, September 17, 2025 - Source: TradingView. As seen through the DXY chart, the US Dollar throughout the past two weeks but the beating accelerated throughout the beginning of this week particularly. The Australian Dollar, Kiwi and Swissie are the two winners of the USD downfall but it seems that there is an ongoing (small) mean-reversion move. 1.5% to 2% move ranges are still huge, particularly in a precedently slow FX Market. Canadian Dollar Mid-Week Performance vs Majors CAD vs other Majors, September 17, 2025 - Source: TradingView. The CAD also took a beating since the release of the Canadian Employment figures as seen in the past week Mid-Week report. Saved by an even lower US Dollar, the Loonie has started to form some type of intermediate bottom despite the dovishness from Macklem – The Canadian Dollar is still at its cycle lows against all European currencies and depreciating also against the JPY, however the latter is a bit more balanced as of late. Intraday Technical Levels for the USD/CAD USDCAD 4H Chart, September 17, 2025 – Source: TradingView Even with the dovish Bank of Canada, the CAD is holding decently strong in today's session – It seems that after the terrible employment data, the beating that the Loonie took priced this exact dovishness as can be seen in the current hesitant upward candle (gravestone doji). Maybe a Sell the fact is taking place for the USDCAD? We will see after the FOMC what happens – I would look at EURUSD or the DXY also to see if USD weakness continues. Levels to place on your USDCAD charts: Resistance Levels BoC highs 1.37721.38 Handle +/- 150 pips1.3850 to 1.3860 Main resistance1.3925 Aug 22 highsSupport Levels Key longer-term pivot turned support 1.3750 (currently testing)1.3660 intermediate support1.3550 Main 2025 SupportUS and Canada Economic Calendar for the Rest of the Week US and Canadian Data for the rest of the week, MarketPulse Economic Calendar This ongoing session is huge and still far from over! The BoC rate decision (09:45 ET) and press conference just concluded with the as expected rate cut to 2.50%, pretty bearish on the Canadian economy but the CAD is holding well (for now). In about 2.5 hours, the spotlight shifts to the Fed at 14:00 ET, with the rate decision, economic projections, and dot plot, capped by Powell’s press conference at 14:30 ET. So much will be on the line for this FED Meeting which will keep Markets occupied for the entire session and upcoming weeks. The rest of the week has less on its plate: On Thursday, focus moves back to the U.S. labor market with the usual weekly jobless claims and the Philly Fed survey at 08:30 ET. Energy traders will also watch the EIA natural gas storage change at 10:30 ET. Friday closes with Canada’s Retail Sales (MoM, Jul), offering another read on consumer resilience or lack thereof. The Bank of Canada now expects a decent rebound towards the end of the year or should keep cutting rates. Watch the data closely (Retail sales actually was one of the better Canadian data and will have to hold). Safe Trades in preparation of the FOMC! 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.

BHP (ASX, NYSE LSE: BHP) plans to close its Saraji South joint venture coal mine in Australia and lay off about 750 workers amid weak coal prices and high royalties in Queensland, media including the Australian Broadcasting Corporation (ABC) and The Wall Street Journal reported. Saraji is among five steelmaking coal mines operated in Queensland by BMA, a 50-50 joint venture between BHP and Mitsubishi Development Industry, Australia’s largest exporter of steelmaking coal. Saraji, located near the central Queensland town of Dysart, is to be shuttered in November. The state government’s coal tax has seen BMA pay A$0.67 for every dollar in royalties, or about eight times what the company made in profit, which is unsustainable, BMA President Adam Lancey said in a video posted Wednesday on The Australian’s website. BHP also plans to review its FutureFit mining training academy in Mackay, Queensland. The state’s deputy premier Jarrod Bleijie criticized that decision as “un-Australian,” saying the company should continue investing in young people who aspire to work in the mining sector, ABC News reported. The closure and layoffs mark the second significant set of downsizings by BHP in Australia in almost a year. In October, the company temporarily suspended its nickel operations in Western Australia due to low prices and oversupply. BHP shares fell 1.1% to A$40.31 apiece on Wednesday in Sydney, for a market capitalization of A$204.73 billion. The stock has traded in a 12-month range of A$33.25 to A$46.23. Spokespeople for BHP didn’t immediately respond to a message from The Northern Miner Wednesday seeking comment on the mine closing. Coal down 40% Steelmaking coal traded for $101.75 per ton on Wednesday, according to Trading Economics. Coal has lost about 40% of its value since 2023, when the price averaged $400 per ton, amid weak demand in Europe and parts of Asia. The Saraji Complex produced about 8.1 million metric tons of coal over the 12-month period until June, though Saraji South represents only a small part of the JV’s total output. Its closing might therefore have minimal impact on BMA’s fiscal 2026 or medium-term production, the WSJ said. Coal prices have also proved challenging for other producers in Queensland. Bowen Coking Coal said in July it would put its Burton Mine Complex into administration after its request to defer royalties to Queensland was rejected. ‘Unviable’ coal production Janette Hewson, CEO of industry group the Queensland Resources Council, has urged the state to change its royalty rates, which, combined with low prices are making coal production “unviable.” However, Bleijie said his party had pledged before it was elected last year to not change the royalty structure, the WSJ reported.

A major roadblock was cleared for enCore Energy’s (NASDAQ, TSXV: EU) Dewey Burdock in-situ recovery (ISR) uranium project in South Dakota after the US Environmental Protection Agency waived off a petition by local communities challenging its permitting decisions. In a press release issued on Wednesday, the company said the EPA environmental appeals board has dismissed a petition for review filed by the Oglala Sioux Tribe, Black Hills Clean Water Alliance and NDN Collective against its issuance of the project’s Class III and Class V underground injection control (UIC) permits, which are essential to the ISR operation. This decision, says enCore, allows the Dewey Burdock project to advance through federal permitting with the intent to commence state permitting activities in 2025, accelerating its development ahead of schedule. The project, which seeks to tap into nearly 25 million lb. of uranium oxide (U₃O₈) in resources, has been tied up in regulatory review and litigation for more than a decade, including challenges before both the Nuclear Regulatory Commission (NRC) and the EPA. The latest petition concerns alleged violations of the Safe Drinking Water Act, the Administrative Procedure Act and the National Historic Preservation Act, which the EPA denies. With the EPA ruling, the Dewey Burdock project now has all major federal authorizations to proceed with permitting, including the NRC source materials license (2014) and EPA UIC permits (2020), which the company says are final and effective. “This decision by the EAB affirms the validity of the permits and the integrity of the regulatory process following years of administrative and judicial review. The Dewey Burdock project is part of enCore’s US production pipeline, and today’s decision provides the certainty needed to continue advancing toward development,” stated Robert Willette, acting CEO of enCore Energy. With its permitting status solidified, enCore Energy’s share price shot up 3.4% to $2.60 on the NASDAQ by midday, giving the Texas-based uranium producer a market capitalization of $483.6 million. Fast-tracked project The EPA decision comes weeks after Dewey Burdock was added to the FAST-41 program, which the Trump administration is using to fast-track federal permitting for key critical minerals projects in the US. A preliminary economic assessment assumes that the permitting and licensing would be complete by the third quarter of 2026. However, engineering work is anticipated to commence in early 2026, and construction of the central processing plant would start a year after that. Once in operation, the plant is expected to process 1 million lb. of uranium per year, recovering more than 14 million lb. over its life.

Tether, the company behind the widely used stablecoin $USDT, is taking its next major step in the U.S. market. The firm has announced plans to roll out a new dollar-backed stablecoin called $USAT, designed to be fully compliant with U.S. regulations. And despite its expansion plans, the company has made one thing clear: it will remain a private enterprise. Navigating New Regulations The GENIUS Act clarified the US stablecoin landscape, and Tether is wasting no time in taking advantage. The law requires stablecoins issued domestically to be: backed by high-quality, liquid, U.S. dollar-denominated assets to provide monthly transparency into reserve holdings to undergo regular audits $USAT is being structured precisely to meet these requirements – and position itself to be the go-to crypto for the US stablecoin market. Anchorage Digital Bank, a federally chartered trust bank, will issue the stablecoin and help ensure regulatory compliance. To oversee the U.S.-facing push, Tether has appointed Bo Hines, formerly of the White House Crypto Council, to lead $USAT. The entire project is clearly focused on capturing a distinctly American feel for Tether’s latest offering. But while Tether hopes $USAT will capture public interest, Paolo Ardoino, the CEO, has no interest in taking Tether public. Strong Financial Foundations, Privacy Priorities That’s at least partially due to the fact that Tether is already highly profitable, decreasing the need for the company to seek public investment. With profits of roughly $13.7B in the previous year, there’s no need for Tether to go public to raise capital. Ardoino has said that being a private company allows the firm to focus long-term on its mission without having to answer to public market analysts every quarter. $USDT remains Tether’s key global stablecoin, widely used in emerging markets and across crypto trading with a $171B market cap. However, $USDT is structured under foreign issuer status when it comes to U.S. regulation. $USAT, by contrast, will operate under the laws and oversight required by U.S. authorities. The idea is for $USAT to capture the US domestic market and support $USDT’s continued market growth overseas, forming a 1-2 punch for Tether. On the back of growing stablecoin adoption, more and more crypto users are turning to versatile, powerful web3 crypto wallets – like Best Wallet. Best Wallet Token ($BEST) – Better Utility for Best Non-Custodial Crypto Wallet Keep your crypto keys, keep your crypto tokens. The oldest axiom of the blockchain still rings true as the total crypto market cap grows from a few nerds swapping bitcoins to over $4T in thousands of cryptos around the world. Best Wallet provides cutting-edge biometric and MPC security on top of a highly versatile and powerful web3 wallet. It’s fully non-custodial, so investors always control their own tokens. And the Best Wallet Token ($BEST) itself provides a range of added utility, including cheaper swaps and higher staking yields. $BEST and Best Wallet form part of a growing ecosystem, with plans for Best Card to making spending crypto easier than ever. The presale has raised nearly $16M so far, with tokens priced at just $0.025655. Visit the Best Wallet Token presale today. Tether’s move with $USAT adds more fuel to competition in the stablecoin space, especially with players like Circle’s $USDC already operating under stricter regulatory norms. But for consumers – especially those underserved by traditional banking – $USAT and powerful crypto wallets like $BEST could represent a more accessible path into regulated digital finance. Authored by Aaron Walker, NewsBTC — https://www.newsbtc.com/news/tether-us-stablecoin-launch-best-wallet-token-presale

The Canadian dollar has posted small gains on Wednesday. In the North American session, USD/CAD is trading at 1.3762, up 0.17% on the day. BoC reduces rates to 2.5% There were no surprises from the Bank of Canada, which lowered its policy rate by a quarter-point to 2.5%, its lowest level since July 2022. This was the first time the Bank of Canada lowered rates since March, as it was forced to respond to signs of weakness in the economy and lower inflation. The rate statement said that a rate cut was justified, given that the economy had weakened and there was less upside risk to inflation. The US tariffs were expected to have a further dampening effect on economic activity. The statement made three references to the uncertainty of the economic outlook, which has required the BoC to act cautiously. At a follow-up press conference, Governor Macklem defended the rate cut due to a weaker labor market and less upside pressure on underlying inflation. What was missing from the rate statement and press conference was any forward guidance about future rate cuts, as the central bank doesn't want to be pushed into any corners with regard to future decisions. If inflation risks continue to fade, the BoC could deliver one or even two rate cuts before the end of the year. Federal Reserve poised to lower rates The Federal Reserve is virtually certain to lower rates at today's meeting, barring a monumental surprise. The expected rate cut would be the Fed's first since December 2024. With the rate decision virtually a given, investors will be looking for some clues as to whether the Fed is looking at further rates cuts before the end of the year. USD/CAD Technical USD/CAD is testing resistance at 1.3752. Above, there is resistance at 1.3770There is support at 1.3721 and 1.3703 USDCAD 1-Day Chart, September 17, 2025 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.