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Most Read: Markets Weekly Outlook - S&P 500, Nasdaq & Dow Jones on a Tear as Fed Rate Cut Looms Oil prices have risen as much as 1.17% at the start of the week following claims by Ukrainian forces that their recent drone attacks have hit two major Russian oil centers in the Baltic Sea. According to reports, these strikes temporarily halted crude oil shipments at Primorsk, Russia's biggest oil port, late last week. There are also claims that three pumping stations that send oil to another port, Ust-Luga, were also attacked. Russia Sanction Calls Grow Add to this growing calls for harsher sanctions on countries and entities which are still purchasing Russian Oil. Pressure is increasing on Russia after a statement from the U.S. President. On Saturday, he said the U.S. is ready to place new sanctions on Russia's energy sector. However, this would only happen if all NATO member countries agree to stop buying Russian oil and enforce similar actions. Markets appear cautious in this regard and thus oil prices remain supported. China Oil Demand Robust Despite Poor Industrial Production Data Based on data from this morning, Chinese oil refiners processed almost 15 million barrels of crude oil per day in August. This is a 7.6% increase from the same time last year, thanks to a combination of strong oil imports and more oil being produced within China. Additionally, the apparent demand for oil in China—the amount of oil being used—rose to 14.53 million barrels per day last month, which is a 4.9% increase compared to August of the previous year. This comes as Chinese data off late have shown signs of deterioration which may be a concern moving forward. For now though, Oil demand and refining remains at impressive levels which will also support oil prices as it mitigates any fears around a demand slowdown for now. Outlook Moving Forward Despite the rally we are seeing today Oil prices upside potential may remain limited. The reason for this is largely down to growing expectations of a potential slowdown in global growth for the rest of the year. OPEC + output hike has also added to the dilemma which is keeping Oil prices relatively rangebound. Later in the week, the Federal Reserve interest rate decision could have a knock-on impact on oil prices as well. We will also get updated inventories data as markets brace for a potential inventory build-up in Q4 2025. For all market-moving economic releases and events, see the MarketPulse Economic Calendar. (click to enlarge) Technical Analysis - WTI From a technical analysis standpoint, Oil is eyeing a move toward the 100-day MA which rests at 64.65. Oil has failed to break above the 64.00 a barrel mark since September 4. Any attempt to break above this level has been met with significant selling pressure. However, a close around the current price would provide some hope for bulls, as it would be seen as a morningstar candlestick pattern which hints at further upside. Any move will depend on developments around Russia/Ukraine which for the moment seems to be the major driving force of Oil price moves. Immediate resistance rests at 64.00 before the psychological 65.00 mark and the 200-day MA at 67.15 come into focus. Looking at support to the downside and the first point of interest will be the recent swing low at 62.19 before the 60.77 and psychological 60.00 handle come into focus. WTI Oil Daily Chart, September 15, 2025 Source: TradingView (click to enlarge) Follow Zain on Twitter/X for Additional Market News and Insights @zvawda Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2025 OANDA Business Information & Services Inc.

Dogecoin recently faced a slight pullback after hitting a fresh high, yet its overall momentum remains firmly intact. Key Ichimoku indicators continue to align in favor of the bulls, reinforcing the strength behind the trend. Pullback Fails To Shake Bullish Structure Trader Tardigrade, an analyst on X, noted in a recent update that Dogecoin (DOGE) has seen a pullback after reaching its recent high. Despite this retracement, the overall structure remains firm, suggesting that the market still favors strength on the higher timeframes. According to the analysis, the Ichimoku indicators continue to show strong alignment. This setup reinforces the bullish outlook, as the cloud and key lines continue to support ongoing momentum. The update also highlighted that five previous long trades remain highly profitable. With the bullish conditions holding, there has been no reason to exit these positions yet. The consistency of these profitable trades underscores the reliability of the Ichimoku signals in tracking Dogecoin’s performance. However, the analyst made it clear that profit-taking will only be triggered by a bearish signal. Specifically, attention is on the potential for a Tenkan-sen/Kijun-sen cross, the Conversion line moving below the Base line, which would indicate a shift in momentum. Key Levels And Uptrend Score Furthermore, Trader Tardigrade outlined the key support levels for DOGE based on Ichimoku analysis. The Kijun-sen offers immediate support at $0.24770, while a broader support zone lies between $0.21517 and $0.22400 at the Kumo cloud. These levels are seen as critical areas where buyers may step in to maintain the bullish structure. The analyst also noted the significance of the Kumo cloud’s current color, which is green. This reflects a bullish bias in the market and adds another layer of confirmation to the ongoing uptrend. With the cloud trending positively, momentum appears to favor the bulls. Breaking down the trends further, the short-term outlook shows price trading above the Kijun-sen, signaling continued upward pressure. In the mid-term, DOGE remains above the Kumo cloud, further strengthening the case for sustained bullish momentum. On the long-term chart, the Chikou Span is positioned above the price, which reinforces the broader uptrend. Altogether, these conditions result in an overall Ichimoku score of +4, indicating a strong uptrend across multiple timeframes. Such alignment suggests that Dogecoin is well-positioned to extend its strength if support levels hold. In summary, the technical data presented by Trader Tardigrade corroborates his earlier assessment. DOGE’s current position, supported by a perfect alignment of bullish indicators and a total score of +4, confirms a strong uptrend.

The Ethereum Foundation’s Privacy and Scaling Explorations team has rebranded as Privacy Stewards of Ethereum (PSE). Such a name change reflects its push to make end-to-end privacy an essential part of the network. As highlighted on PSE’s new roadmap, the team’s role ‘isn’t to own every solution in the space, but to drive clarity, focus, collaborations, and outcomes across the ecosystem.’ This way, they can ensure ‘privacy is treated as a first-class feature at the application layer.’ Alongside these developments, Best Wallet emerges as an excellent combo. The non-custodial crypto wallet gives you full control of your assets on Ethereum and beyond with top-notch safeguarding measures. Ethereum’s PSE Turns to Private Writes, Reads & Proving PSE’s ultimate vision is to make privacy on the Ethereum network a norm, not just an afterthought. It aims to achieve this through protections embedded across the entire stack, spanning protocol applications, wallets, and governance. Their roadmap is structured around three key tracks: Private writes: Makes private transactions, votes, and dApp interactions as easy and cost-effective as public ones; Private reads: Allows users to query balances, contracts, or data without exploring identity or intent; Private proving: Enables fast, Zero-Knowledge Proofs (ZKPs) for secure, portable, and verifiable data sharing. To bring this to life, the PSE prioritizes transfers with PlasmaFold and privacy wallets, new voting systems with Aragon, and confidential DeFi standards for institutions. They’re also working on privacy-preserving Remote Procedure Calls (RPCs), mixnets, ZK-based identity, and a faster proving system. And all while emphasizing user experience, such as making privacy tools powerful yet super easy to use. Instead of building every solution itself, the PSE aims to collaborate openly with builders, researchers, and projects. By steering the network while encouraging open collaboration, the PSE is laying the foundation for a privacy-first Ethereum. Given that Best Wallet shares similar ethos, they work hand in hand to make crypto safer, more private, and user-centric. Best Wallet Combines Security, Presales & Cross-Chain Swaps Available on iOS and Google Play, the Best Wallet mobile app positions itself as a highly secure way to manage crypto while on the move. As a non-custodial wallet, it gives you complete access to your private keys. It also includes protections like 2FA, biometric, and local encryption, so only you can control your crypto holdings. Even if you happen to lose account access, you’ll easily be able to retrieve your assets thanks to the wallet’s encrypted cloud backups (with no seed or recovery phrase required). Better yet, it makes it super easy to buy, sell, manage, and swap over 1K assets across not just Ethereum but other major chains like BNB Chain and Polygon. In fact, it promises to support 60 networks in the future so that you can anticipate even broader crypto opportunities. Moreover, the app has its very own launchpad, allowing you to access the best crypto presales. That, coupled with a swap engine that scans more than 330 DEXs and 30 bridges, offers you the best possible rates. It also plans to launch more advanced tools, including market intel analytics, stop-loss orders, and derivatives trading. Best Wallet’s native token – $BEST – makes all this possible. The reason is that a sizable 25% of its total token supply is earmarked for product development, ensuring long-term growth for the entire ecosystem. And that’s not all. Holding $BEST unlocks additional benefits, including governance rights, staking rewards at an 84% APY, and lower gas fees. To reap the perks, you can buy $BEST on presale for just $0.025645, using either $ETH, $BNB, $USDT, $USDC, $FLOKI, SHIB, $PEPE, $DOGE, or fiat. Now’s a great time to do precisely that as new app developments could propel the token to $0.035215 this year – a potential ROI exceeding 35%. For more information, check out our Best Wallet crypto review. Authored by Leah Waters, NewsBTC: https://www.newsbtc.com/news/best-wallet-non-custodial-combo-with-ethereum-privacy

Newmont Corp (NYSE: NEM) has agreed to sell its Coffee gold project in Yukon to Fuerte Metals (TSXV: FMT) for up to $150 million, completing a year-long divestment plan. Under the deal, Newmont will receive $10 million in cash at closing and $40 million in Fuerte shares. The company will also retain a 3% net smelter return royalty on the project, which Fuerte can repurchase for up to $100 million. The sale finalizes Newmont’s exit from eight non-core assets it put on the block in early 2024, including the Éléonore mine in Quebec, the Musselwhite and Porcupine mines in Ontario and its 70% stake in the Havieron project in Western Australia. Newmont chief executive officer Tom Palmer said the transaction aligns with the company’s strategy to streamline its portfolio and sharpen focus on core operations. He added that Fuerte is positioned to advance Coffee “in a socially and environmentally conscious manner” while maintaining commitments to First Nations and other stakeholders. Through the deal, Newmont will hold about 27% of Fuerte’s shares via its Goldcorp Canada subsidiary, joining Agnico Eagle, Pierre Lassonde, and Trinity Capital Partners as major shareholders. Lassonde served as Newmont’s president from 2002 to 2007. The US-based gold giant, which continues to operate the Brucejack and Red Chris mines in Canada, applied last week to voluntarily delist from the Toronto Stock Exchange, citing low trading volumes. Transformational Fuerte Metals called the Coffee acquisition transformational. CEO Tim Warman said the project is on track to complete permitting and has the backing of strong technical and financial partners. Coffee holds one of the largest and highest-grade heap leach resources globally, with three million ounces of measured and indicated resources at 1.15 g/t gold. Fuerte plans to finish a preliminary economic assessment in the first half of 2026 and a feasibility study later that year.

Bitcoin distribution via miners takes a step back, Japan lowers Bitcoin taxes, Cameron Winklevoss believes in a 10x Bitcoin, while $BTC’s profitability hits historic highs. These are just some of the recent developments in the crypto world and we’ll discuss all of them. The first to touch on is Bitcoin’s profitability retesting a historical point after reaching a 92% threshold in Supply in Profit. This matters because, every time Bitcoin pushed above 90%, a bull rune followed. And the same thing is likely to happen now, as Bitcoin stagnates between $114K and $116K. An October bull run would push Bitcoin Hyper ($HYPER) up the charts faster than ever. The presale is already at $16M, showcasing sustained investor confidence in the project’s future as one of the best altcoins of 2025. Will the New Bitcoin Season Start in October? All evidence points to a rich October. The most recent news crosses the Pacific from Japan, where the government decided to cut Bitcoin taxes by more than half. According to Coin Bureau, Japan slashed Bitcoin taxes from 55% to 20% for 2026, which spells good news for the Asian crypto markets. Especially in the context of Metaplanet increasing its Bitcoin treasury, currently at 20,136 $BTC, and leading by example. But it’s the US taking the helm, with Strategy leading the pro-Bitcoin movement. The company holds the largest Bitcoin treasury in the world with 638,460 $BTC, valued at over $74B, and keeps buying regularly. Pair this with the Bitcoin miners’ shift to HODLing, which increases the asset’s scarcity, and we can see where this is going. The Winklevoss twins, the co-founders of Gemini, believe it’s going to a 10X Bitcoin. The two said they see Bitcoin as ‘Gold 2.0’ and that it can easily reach $1M per coin in 10-years time. This comes just as Gemini hit Nasdaq last Friday, with $28 per share, after raising over $425M during its IPO. The conclusion is almost self-explanatory: Bitcoin will see a fiery end of the year, especially with Bitcoin Hyper ($HYPER) targeting a Q4 release. How Bitcoin Hyper’s $16M Presale Will Contribute to Bitcoin’s Success Bitcoin Hyper ($HYPER) is set to accelerate Bitcoin’s success by fixing one of the network’s most pressing issues: its capped performance. Bitcoin is currently limited at 7 transactions per second (3 right now), which is responsible for several problems, like slow and expensive transactions, no scalability, and a fee-based priority system, causing small transactions to sometimes experience hours-long finality times. Bitcoin Hyper changes that with the help of tools like the Canonical Bridge and the Solana Virtual Machine (SVM). The Canonical Bridge connects Hyper to the Bitcoin ecosystem and relies on the Bitcoin Relay Program to confirm incoming transactions. The Bridge then mints the tokens into the Hyper layer, allowing investors to use them within the Hyper ecosystem or withdraw them to the Bitcoin network whenever necessary. Together with SVM, which delivers the ultra-fast execution of smart contracts and DeFi apps, the Canonical Bridge turns Hyper into a fast-performing ecosystem that upgrades Bitcoin to modern standards. The presale is now at over $16M, with Hyper sitting at $0.012925. Based on the project’s utility and scope, we expect $HYPER to experience widespread adoption shortly after launch. Our price prediction for $HYPER is $0.025 by the end of 2025 and $0.25 by the end of 2030. This translates into a 10-year ROI of 1,834%. With the community behind it, $HYPER could very well defy these predictions and go even higher. If you want to invest, read our guide on how to buy $HYPER and get your tokens while they’re still at presale price. Remember, this isn’t financial advice. Do your own research (DYOR) and invest wisely. Authored by Aaron Walker, NewsBTC: Bitcoin Weekend Takeaways & Analysis: Bitcoin Hyper Might Be 2025’s Best Altcoin

Bitcoin is trading at a critical level after a quiet weekend, with bulls managing to defend key supports but struggling to generate fresh upside momentum. The market remains tense as investors await the US Federal Reserve’s interest rate decision scheduled for this Wednesday. A potential 25-basis-point cut is widely anticipated, which many see as a sign of a gradual pivot rather than an aggressive measure. Such a move could spark optimism across risk assets, including crypto, as it signals a more supportive monetary environment without triggering fears of economic distress. For Bitcoin, the focus is on whether it can sustain its position above critical price levels while macroeconomic factors shape broader sentiment. Data from CryptoQuant shows that BTC is increasingly shifting into “HODL mode,” with supply moving off exchanges and into long-term storage. This pattern suggests that conviction-driven holders are accumulating rather than selling, reducing available liquidity on the market. The combination of macro catalysts and strengthening onchain fundamentals sets the stage for a pivotal week. If Bitcoin holds its ground through the Fed’s announcement, the groundwork could be laid for renewed momentum once volatility surrounding the decision begins to fade. Bitcoin Spot Volumes Halve Bitcoin enters a decisive week with a striking shift in market behavior. Top analyst Axel Adler shared insights showing that in January 2025, spot trading volumes peaked at $636 billion, but by August, that figure had nearly halved to $322 billion. This sharp decline in trading activity on centralized exchanges (CEXs) underscores a market in transition, with participants moving away from active speculation and into what Adler describes as “HODL mode.” The drop in volumes reflects a broader cooling of short-term trading enthusiasm. Investors appear less inclined to chase rapid price moves, instead opting for long-term accumulation strategies. Exchange data supports this, showing consistent outflows as Bitcoin is withdrawn into private wallets and cold storage. Such behavior indicates a growing conviction that BTC’s value lies in its long-term potential rather than short-term trading gains. For Bitcoin, the combination of halving spot activity and mounting anticipation for the Fed’s move creates a tense equilibrium. On one hand, reduced selling pressure from sidelined traders supports price stability. On the other hand, thin liquidity raises the risk of sharper swings once volatility returns. As Bitcoin holds near critical levels, the coming days may determine whether this HODL-driven environment provides the foundation for resilience—or if macro forces spark a more dramatic revaluation across the crypto market. Technical Details: Holding Key Demand Bitcoin is currently trading near $114,987, showing signs of consolidation after its recent bounce from early September lows around $110,000. The daily chart highlights that BTC has reclaimed both the 50-day SMA at $114,399 and the 100-day SMA at $112,681, strengthening the short-term bullish outlook. These moving averages now serve as immediate support levels, indicating that buyers are regaining momentum. The key resistance remains at $116,000–$117,000, where BTC has struggled to establish a sustained breakout. A successful close above this zone would clear the path toward retesting the cycle high at $123,217. This level has been a major barrier since July and will be the defining hurdle for bulls in the weeks ahead. On the downside, support is around $112,500, aligning with the 100-day SMA. A break below this level could reopen the risk of a retest of $110,000, which has acted as a critical floor. The 200-day SMA at $102,652 remains the ultimate safety net in case of deeper corrections. Featured image from Dall-E, chart from TradingView

What should you expect from the FOMC meeting this week? The Federal Open Market Committee (FOMC) meets on September 16–17, with traders betting heavily on a 25-basis-point rate cut. According to the CME FedWatch Tool, there’s a 92% probability of easing, a near certainty. The case rests on cooling inflation and weakening labor data. TLDW: FOMC meeting will likely lower interest rates, effectively turning on money printers. Expect long bond yields to GO UP! “The probability of a quarter-point cut is almost baked in,” analysts at CME noted, pointing to CPI at 2.9% year-over-year and PPI softening below 3%. bitcoinPriceMarket CapBTC$2.29T24h7d1y This will mark the Fed’s first decisive pivot since the hiking cycle began in 2022, when crypto was at historic lows. Markets are primed for Powell’s post-meeting speech to confirm whether more cuts could follow in October or December. Will Powell Cut Rates If Inflation Data is Poor? Bitcoin and Crypto ETFs Signal Upside Potential (Source: TradingView) PPI and CPI have eased compared with last year, but remain above the Fed’s 2% target. CPI came in at 2.9% in August, while Core CPI was 3.1%, both elevated but trending lower. PPI showed a similar pattern with headline 3.3% and core 2.8%. The Fed faces a balancing act of inflation, which isn’t yet “beaten,” but also fading job growth. August’s jobs report showed sub-100K monthly gains for the first time since COVID, and June posted a negative print of –13K. https://twitter.com/JosephPolitano/status/1963949130373374327 Historically, rate cuts have weakened the dollar and driven demand for scarce assets like Bitcoin. The setup in 2025 looks no different. Spot Bitcoin ETFs pulled in $2.3 billion last week, with Fidelity’s Wise Origin Fund and BlackRock’s IBIT leading inflows. This was the highest weekly haul in two months, per Farside Investors. Institutional treasuries also continue to accumulate. According to K33 Research, public companies now hold 950,000 BTC worth $110 billion, nearly double the amount held in early 2024. DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025 What Technical Levels Must Bitcoin Hold Ahead of the Fed Meeting? On the charts, Bitcoin trades near $115,000, just above its 50-day EMA around $114,500. Analysts say this level is critical. “The key will be if the markets sell the news as a 25bp cut is announced and prices are already baked in,” wrote trader Mark Cullen on X. https://twitter.com/HolaItsAk47/status/1967214061734838531 A breakdown could trap BTC between $110K–$115K, but a hold sets up a test of resistance at $117K–$120K, with all-time highs near $124.5K back in sight. DISCOVER: Top 20 Crypto to Buy in 2025 Market Liquidity Context: Why This Time Matters CoinGlass data shows BTC futures open interest up 15% since early September. Meanwhile, the Total crypto market cap sits near $4.05 trillion, which is below recent highs but holding steady in a month that usually hurts Bitcoin. The next move hinges on Powell. The rate cut is already priced in; what matters is tone. Dovish guidance could fuel a Q4 rally, while caution means we’re testing those $100k lows. EXPLORE: ETH USD Price Primed to Retest $4,700: Dark Money Rotating into Ethereum? Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways What should you expect from the FOMC meeting this week? The Federal Open Market Committee (FOMC) meets on September 16–17 this week. PPI and CPI have eased compared with last year, but remain above the Fed’s 2% target. The post What To Expect From FOMC Meeting: What It Means for Bitcoin and Risk Assets appeared first on 99Bitcoins.

This is a follow-up analysis and an update of our prior publication, “Hang Seng Index Technical: Recent sell-off overdone, bullish trend remains intact”, published on 5 September 2025. The Hong Kong 33 CFD Index (a proxy of the Hang Seng Index futures) has staged the expected bullish breakout above its prior 4-week “Ascending Wedge” range resistance of 25,890 and hit the next intermediate resistance at 26,120, as highlighted in our prior report. Thereafter, it extended its gains and scaled up to a 4-year high of 26,583 on 12 September 2025, a rally of 4.7% on the backdrop of a stronger Chinese yuan and robust bullish sentiment in China's Big Tech, such as Alibaba, Baidu, NetEase, and Semiconductor Manufacturing International Corp, riding on the tailwinds of China’s Artificial Intelligence (AI) self-reliance policy, with less usage of external semiconductor chips such as Nvidia’s H20. Let’s now examine the latest related fundamental factors that have an impact on the Hong Kong 33 CFD Index China’s home prices continued to decline at a slower pace Fig. 1: China’s industrial production, retail sales, house price index for Aug 2025 (Source: MacroMicro) Today’s release of China’s industrial production and retail sales for August, which came in below expectations, does not cause a negative material impact on the intraday movements of the China and Hong Kong stock markets, where China’s CSI 300 and Hong Kong’s Hang Seng Index closed higher by 0.2% each, respectively. The “bullish relief” stemmed from signs of recovery in China’s housing market, a key factor in preventing an entrenched deflationary spiral. New home prices for August, released today, marked their 10th straight month of improvement since the 10-year low of -5.9% y/y recorded in October 2024. China’s new home prices across 70 cities fell 2.5% y/y in August 2025, moderating from July’s 2.8% decline. This marks the slowest pace of contraction since March 2024 and helps ease concerns over a potential deflationary spiral in the Chinese economy (see Fig. 1). Hence, a slower pace of decline in China’s new home prices, coupled with a firmer offshore Chinese yuan against the US dollar since April 2025, managed to trigger a positive feedback loop back into the Hong Kong 33 CFD Index. Here comes the latest short-term (1 to 3 days) trajectory and key technical levels to watch on the Hong Kong 33 CFD Index Fig. 2: Hong Kong 33 CFD Index minor trend as of 15 Sep 2025 (Source: TradingView) Preferred trend bias (1-3 days) Bullish consolidation above adjusted key short-term pivotal support at 26,200. The minor bullish impulsive up move sequence of the Hong Kong 33 CFD Index remains intact. A clearance above 26,530 sees the next intermediate resistances coming in at 26,740/26,790 and 26,940 (also a Fibonacci extension cluster) (see Fig. 2). Key elements The upper boundary of the medium-term ascending channel in place since 2 June 2025, now stands at 26,940.The 1-hour RSI momentum indicator remains above its ascending support at around the 50 level.Alternative trend bias (1 to 3 days) Failure to hold at the 26,200 key short-term support negates the bullish tone on the Hong Kong 33 CFD Index for a deeper minor corrective decline to materialise and retest the former “Ascending Triangle” range resistance, now turns medium-term pull-back support at 25,860. 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.

Savannah Resources (LON: SAV) has boosted the reserve estimate for its Barroso lithium project in northern Portugal by 40% after completing additional prospecting work, further cementing its status as Europe’s largest spodumene deposit. The London-listed company now pegs reserves at more than 39 million tonnes, up from a previous estimate of 28 million tonnes. Shares in Savannah rose 2.4% on the news, giving the company a market capitalization of £104 million ($141.5 million). Strategic role for Europe’s EV supply chain Savannah plans to develop four open-pit mines at Barroso, with the capacity to produce enough lithium each year to supply batteries for about 500,000 electric vehicles. Production is expected to begin in 2027, subject to permitting and financing. Once operational, the project is forecast to process 1.5 million tonnes annually over an estimated 14-year mine life. This projection is based on a resource of 20.5 million tonnes grading 1.05% lithium oxide. Local and environmental pushback Despite its strategic significance, the project has been met with strong opposition from local communities and environmental groups. The Barroso region, recognized as a World Heritage agricultural site since 2018, has raised concerns over potential impacts on land use, water, and biodiversity. Savannah is working to finalize its definitive feasibility study and complete the environmental licensing process by the end of this year. The company has also rejected media reports that cited a United Nations committee accusing Portuguese authorities of breaching international law during the project’s approval process.

Dogecoin sits at a technically pivotal juncture, according to crypto analyst CantoneseCat (@cantonmeow), who argues that the next decisive inflection arrives at $0.54—“the final boss”—if the coin can translate an increasingly constructive multi-timeframe structure into weekly acceptance above the Ichimoku cloud. Recording just hours ahead of the weekly close on September 14, he framed DOGE’s backdrop as a steady, methodical rebuild powered by higher-timeframe support retention rather than headline-driven spikes. “I am bullish on Dogecoin,” he said. “There is nothing that I’m really too bearish about here.” Dogecoin Charge Stalls At Ichimoku Wall The crux of his view is that Dogecoin has reclaimed and maintained the key foundations that historically precede its expansion phases. On the monthly chart, price has pushed into the Ichimoku cloud and continues to respect the 20-month moving average as positively sloping support. He emphasized how that moving average has repeatedly served as the trampoline for prior advances: “Every single time whenever it served as support, it’ll push up higher.” In parallel, DOGE has re-engaged the upper Bollinger Band on the weekly timeframe while staying above the 20-week moving average—a configuration that, in his read, signals persistent underlying demand, even if the first contact with overhead resistance produces hesitation. The weekly and two-week Ichimoku structures dominate his near-term roadmap. On the two-week chart, he described “a V-shaped recovery as good as it’s going to get,” with the Kijun acting as the immediate ceiling. On the weekly, he expected the close to determine whether the coin could transition from probing resistance to establishing trend continuation. If the first attempt failed, he said, the setup would remain intact provided the 20-week moving average continued to rise and DOGE preserved its higher-lows structure inside the cloud. The path forward, in his words, remains “one level at a time.” Fibonacci confluence is the second pillar. CantoneseCat places strong weight on the 0.618 logarithmic retracement as the “gatekeeper” for DOGE’s next leg. A confirmed weekly and monthly hold above that line, he contends, would elevate the probability of a measured run into clustered resistance near $0.33 and $0.41, culminating in a test of $0.54. He repeatedly characterized $0.54 as the breakpoint that would flip the narrative from range-bound to trending. “If we close the week above the 0.618, then it does increase the possibility of challenging some of these higher levels at 33 cents, 41 cents and then 54 cents—going to be the final boss,” he said. Clearing that final boss, he added, would put “all-time highs” back on the table without asserting a timeline. The analyst also acknowledged that broader beta still matters at the margin. Bitcoin’s weekly posture around its 20-week Bollinger midline and Tenkan line, he said, often determines whether crypto spends weeks grinding higher or sliding into lower-band purgatory. Into the weekend, he thought BTC was “reclaiming the 20-week,” with a Bollinger squeeze that “anticipate[s] a bigger move to come.” That matters for DOGE primarily insofar as a constructive BTC backdrop tends to relax risk constraints and allow altcoin momentum to express. But the Dogecoin call stands on its own technical legs: monthly cloud engagement, two-week V-recovery, a positively sloped 20-week average, repeated upper-band taps, and—crucially—the 0.618 hold. CantoneseCat also cautioned against over-interpreting the need for perfect retests. On Bitcoin he noted that markets sometimes “manufacture some kind of news” to justify a sweep, a dynamic that can just as easily play out on DOGE during liquidity hunts. For Dogecoin, that means allowing for shallow backfills toward dynamic supports without declaring the structure broken. His emphasis was on continuation patterns—notably flags—forming above reclaimed levels rather than on deep resets. Targets remain crisp and conditional. The first objective is to maintain acceptance above the 0.618 log Fib on weekly and monthly closes. From there, he expects a stair-step sequence through approximately $0.33 and $0.41 before any credible assault on $0.54. He was explicit that $0.54 is the battlefield that would decide whether Dogecoin can transition from a constructive recovery to a trend acceleration phase. Only a weekly breakout and subsequent conversion of the cloud into support would validate that shift. Dogecoin Weekly Close Is Mixed After the weekly candle printed, CantoneseCat confirmed the mixed—but still constructive—result. “DOGE weekly candle closed below the Ichimoku cloud, but a newly forming weekly candle is now inside the Ichimoku cloud to start the week,” he wrote. In a second note he added: “$DOGE closed the week above 0.618 log fib.” Practically, that outcome preserves the bullish scaffolding while postponing a definitive cloud break by at least another bar. The hold above the 0.618 keeps the $0.33 and $0.41 magnets active; the early push back into the cloud suggests momentum is attempting to re-assert. The thesis remains unchanged: as long as Dogecoin defends the 0.618 and the 20-week moving average continues to slope higher, the market will keep steering toward a confrontation with the $0.54 “final boss.” At press time, DOGE traded at $0.2629.

Canadian miner Alamos Gold (TSX, NYSE: AGI) is selling its Turkish subsidiary for $470 million to Middle East-based Tumad Madencilik Sanayi, a unit of conglomerate Nurol Holding, ending a billion-dollar legal battle with Ankara. The deal hands over the Kirazlı, Ağı Dağı and Çamyurt projects in northwestern Turkey to Tumad. It also sets out that arbitration proceedings launched in 2021 by Alamos’ Netherlands units against Turkey will remain suspended and be permanently discontinued once contractual milestones are met. Alamos entered Turkey in 2010 but faced persistent setbacks. Its most high-profile clash came in 2019, when mining concessions for the Kirazlı gold project, near Mount Ida, expired amid mass protests. Activists accused Alamos of excessive tree cutting and planned cyanide use, allegations the miner denied. It also clarified at the time that cyanide would be used the final step of the extraction process and that it had taken measures to ensure there would be no impact in the forested area. In response, Alamos filed a $1-billion arbitration claim against the Turkish government for what it called “unfair and inequitable treatment.” That claim will be dropped once the sale closes. The Kirazlı project was projected to produce 104,000 ounces of gold annually over five years at all-in sustaining costs of $373 per ounce. Alamos has paused the proceedings and will drop the claim once the deal closes. The Toronto-based miner plans to use proceeds to pay down debt and advance its key growth projects, including the Phase 3+ Expansion at Island Gold in Ontario, the Lynn Lake Project in Manitoba, and the Puerto Del Aire project in Mexico. The transaction is expected to close in the fourth quarter of 2025.

The Australian dollar is coming off its best week since April, posting gains of 1.4%. In the European session, AUD/USD is trading at 0.6657, up 0.12% on the day. China's industrial production, retail sales slip in August China posted disappointing data in September, as the second largest economy in the world continues to cool. Industrial production expanded 5.2% y/y, down from 5.8% in August and below the market estimate of 5.7%. This was the lowest pace of growth since August 2024, as manufacturing activity slowed and domestic remained weak. China's retail sales rose 3.4% y/y in September, below 3.7% in August and the market estimate of 3.8%. This was the slowest pace since November 2024 and the third straight month of acceleration. There was more bad news on the labor front, as the unemployment rate ticked up to 5.3% from 5.2%, the highest level since February. The US-China trade war is weighing on China's economy and the government is pushing exporters to find news markets. If that boosts economic activity, it will be good news for Australia, as China is its largest trading partner. Investors are keeping an eye on the Federal Reserve, which is virtually certain to lower rates on Wednesday. The Fed hasn't cut rates since December 2024, which means that a cut will be a significant move, even if it has been priced in by the markets. With the US labor market showing signs of strain, the Fed could cut again before the end of the year, likely in December. Inflation remains above the 2% target but the Fed considers the weakening job market a bigger threat to the economy than inflation. AUD/USD Technical AUDUSD is testing resistance at 0.6650. Above, there is resistance at 0.66680.6630 and 0.6612 are the next support levels AUDUSD 1-Day Chart, September 15, 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.

The GBP/JPY pair remains above the psychological level of 200.00, attempting once again to break through 200.35, which it surpassed on Friday. On Thursday, the Bank of England will publish its monetary policy decision, and it appears the main rate will remain unchanged at 4%. In addition, the regulator is expected to maintain a cautious wait-and-see stance through the end of 2025, given the recent rise in inflation expectations. These factors continue to support the British pound, providing a tailwind for the GBP/JPY pair. The Japanese yen, in contrast, continues to struggle to attract significant buyers amid expectations that domestic political turmoil may give the Bank of Japan additional reasons to delay rate hikes. This backdrop favors bulls in GBP/JPY. At the same time, most market participants lean toward the view that the Bank of Japan is still on course to gradually normalize its policy. The recent U.S.–Japan agreement has removed a major source of uncertainty in relations between the two countries. In addition, revised Japanese GDP growth data for Q2, along with labor market tensions and the first increase in real incomes in seven months, confirm the possibility of another Bank of Japan rate hike later this year. This scenario stands in contrast to softer expectations from the Bank of England and may limit further GBP/JPY growth. As a result, the market's main focus is on the outcome of the Bank of Japan's two-day meeting scheduled for Friday, where monetary policy directions will be reviewed. In addition, key U.K. labor market data due on Tuesday, as well as consumer inflation figures to be released on Wednesday, may influence pound quotes and further impact GBP/JPY dynamics. Nevertheless, ahead of these central bank events, market reaction is expected to remain cautious, given the risks. From a technical standpoint, oscillators on the daily chart are positive, and the pair has broken above the psychological level of 200.00. The 9-day EMA is positioned above the 14-day EMA, with prices trading above both. This indicates that the path of least resistance for the pair is upward. The material has been provided by InstaForex Company - www.instaforex.com

The EUR/USD pair started the current week on a positive note, holding above the 1.1730 level. In the event of a pullback, the downward potential appears limited, given the divergence in expectations for European Central Bank and Federal Reserve policy, as well as ahead of key central bank events scheduled for this week. As expected, last Thursday the ECB left interest rates unchanged, maintaining optimism about economic growth and inflation. In addition, the regulator emphasized that it would be guided by incoming data at its meetings, without making specific commitments in advance regarding the future path of rates. This approach reduced expectations of further borrowing cost cuts and supported the euro and EUR/USD. As a result, traders lowered the probability of another ECB rate cut before spring to around 40%. This gives the euro an advantage over the Fed, which is expected to cut rates this week. The CME Group's FedWatch tool indicates more than a 90% probability of a 25 bp rate cut on Wednesday. These expectations weaken the U.S. dollar, creating a favorable backdrop for EUR/USD growth. Even so, euro buyers remain cautious for now, preferring to wait for the outcome of the two-day FOMC meeting on monetary policy scheduled for Wednesday. Traders are focused on signals regarding the Fed's future course, which will determine the short-term movement of the dollar and have a significant impact on EUR/USD. In this context, fundamentals suggest that any pullback may offer a good opportunity to enter long positions. Today, attention should be paid to speeches by ECB official Isabel Schnabel and ECB President Christine Lagarde. From a technical perspective, oscillators on the daily chart are positive, prices are trading above the 9-day EMA, and the 9-day EMA is positioned above the 14-day EMA, which is currently aligned with the 1.1700 round level. This indicates a bullish outlook for the pair. The nearest resistance is at the 1.1700 round level, above which the pair will reach a monthly high on the way toward 1.1800. Support lies at the 1.1700 round level, followed by 1.1685. The 50-SMA at 1.1660 will serve as the key pivot point. The material has been provided by InstaForex Company - www.instaforex.com

Bitcoin remains quite resilient, following an uptrend. However, this growth is fragile, experts warn investors. Meanwhile, the outlook for the US dollar is unstable and leans negative. Against this backdrop, analysts believe that the dollar may require shock therapy for a meaningful recovery. On Monday, September 15, Bitcoin opened the day with a slight decline, trading near $115,670. At its daily peak, the leading cryptocurrency reached $116,181. According to analysts, BTC has launched a new upward wave, rising above $112,500 and breaking through resistance levels at $113,500 and $114,200. At the start of the new week, Bitcoin bulls managed to push the price above $115,000 and $116,000, which led to consolidation. Later, Bitcoin pulled back below the 23.6% Fibonacci retracement level of the recent rally from the swing low of $110,815 to the high of $116,743. Currently, Bitcoin is trading just above $115,000 and the 100-hour simple moving average. However, on the hourly chart of the BTC/USD pair, a bearish trend line is forming with resistance near $116,000. Experts estimate the nearest resistance in this uptrend lies around $116,000. The next resistance could be around $116,750, potentially pushing BTC toward $117,500. If that level is tested, Bitcoin could continue climbing toward $118,500, with the next obstacle for bulls at $118,800. If Bitcoin fails to break above the $116,200 resistance zone, a new decline may begin. Immediate support is now seen near $114,900, while major support remains at $113,750 — the 50% Fibonacci level of the recent move from $110,815 to $116,743. According to analysts, further losses could push Bitcoin down toward $112,500 or even lower, although this is considered an extreme scenario that Bitcoin is likely to avoid. Bitcoin has also found support from a surge in inflows into US spot Bitcoin ETFs. After two weeks of moderate flows, net weekly inflows jumped nearly tenfold at the end of last week — reaching $2.34 billion, the highest since mid-July 2025. Experts believe the crypto market has momentum heading into Q4 this year. This rally — supported by treasury-backed institutions — is being driven by increased liquidity, a favorable macroeconomic environment, and promising regulatory developments in the digital asset space. Does the US dollar need shock therapy to recover? In the current climate, the US dollar is finding it increasingly difficult to remain steady. It's under consistent pressure and facing downside risks. According to analysts, a full recovery for the USD may require a shock, not just to the dollar, but to the global economy and financial system as a whole. However, no such major event is on the horizon. A brief moment of support for the dollar came from the decision to allow Federal Reserve Governor Lisa Cook to attend the September FOMC meeting. At the same time, expectations are growing for further monetary policy easing by the Fed. This shift in stance comes after a record downward revision in US employment data — wiping out 911,000 jobs from previous estimates — and an unexpected drop in producer price indexes (PPI) in August. Against this backdrop, the US dollar Index (DXY) has remained in a narrow range of 97–98 points for the past five weeks. This follows a six-month USD downtrend and an unsuccessful attempt at a rebound in July. In this context, a sideways move is seen as a bearish signal for the dollar. Analysts say the limited scope of the current bounce suggests sellers remain in control. At the same time, the dollar is now hovering near a 13-year uptrend support line. But even staying at this level likely won't prevent further weakness, according to experts. Market participants are increasingly expecting the Fed to carry out a series of 4–5 rate cuts. Analysts consider this scenario quite realistic. If that happens, the fundamentals will be in place for continued dollar weakness at the start of the new fiscal year. A reversal of this negative trend may only be possible if there is a major shock in global financial markets. But as of now, there are no clear signs of such a development. The material has been provided by InstaForex Company - www.instaforex.com

On Friday, the EUR/USD pair consolidated ahead of a new and important week. Quotes remained throughout the day above the 76.4% retracement level at 1.1695, which preserves the prospects of growth toward the resistance zone at 1.1789–1.1802. Thus, on Monday and Tuesday, in the absence of new signals, I expect the uptrend to continue. Likely weak growth, as the news background during these days will be light. A close below 1.1695 would favor the U.S. currency and a decline toward the support zone at 1.1637–1.1645. The wave picture on the hourly chart remains simple and clear. The last completed upward wave broke the peak of the previous wave, while the last downward wave did not break the previous low. Thus, the trend is currently bullish, although not very strong or confident. The latest labor market data and the changed outlook for Fed monetary policy support only the bullish traders. There were few important reports on Friday. Inflation in Germany rose to 2.2% y/y in August, but the ECB has already informed the markets that it does not intend to conduct further monetary easing in the near future. However, the regulator also does not expect strong inflation growth, so most likely this indicator will continue to hover around 2%, without causing discomfort. In the U.S., the University of Michigan Consumer Sentiment Index declined again, but traders were already resting and waiting for the new week. This week, several speeches by ECB President Christine Lagarde and the Fed meeting will take place. The Fed meeting will determine the pair's further movement. The question now can be framed as follows: how many times will the Fed cut rates before the end of the year? The baseline scenario – twice; the dovish scenario – three times. Traders lean toward the dovish scenario, so Jerome Powell's comments will be very important. However, I do not think the Fed Chair will give any forecasts. Most likely, he will limit himself to the standard phrase: "the Fed's decisions will depend on economic data." On the 4-hour chart, the pair consolidated above the horizontal channel, which allows traders to expect further growth toward the 161.8% retracement level at 1.1854. No emerging divergences are visible on any indicator today. A rebound from 1.1854 would favor the U.S. dollar and a decline, while consolidation above 1.1854 would increase the pair's chances of continuing higher toward the next level at 1.2066. Commitments of Traders (COT) report: In the last reporting week, professional players opened 2,389 long positions and closed 3,696 short positions. The sentiment of the "Non-commercial" group remains bullish thanks to Donald Trump and continues to strengthen over time. The total number of long positions held by speculators now stands at 258,000, compared with 132,000 short positions. The gap is practically twofold. Also note the number of green cells in the table above, reflecting strong increases in positions on the euro. In most cases, interest in the euro continues to grow, while interest in the dollar declines. For thirty-one consecutive weeks, large players have been reducing short positions and increasing longs. Trump's policies remain the most significant factor for traders, as they could trigger numerous problems with long-term and structural consequences for America. Despite the signing of several key trade agreements, many major economic indicators continue to decline. News calendar for the U.S. and the Eurozone: Eurozone – Speech by ECB President Christine Lagarde (06:00–10:00 UTC).September 15 – the economic calendar contains one entry of little importance. The impact of the news background on market sentiment on Monday will be weak. EUR/USD forecast and trading tips: Sales can be considered today if the hourly chart closes below 1.1695, targeting the 1.1637–1.1645 zone. Purchases could have been made at the end of last week when the pair closed above 1.1695, targeting the 1.1789–1.1802 zone. These trades can remain open today, with Stop Loss moved to breakeven. The Fibonacci grids are built from 1.1789–1.1392 on the hourly chart and from 1.1214–1.0179 on the 4-hour chart. The material has been provided by InstaForex Company - www.instaforex.com

On the hourly chart, GBP/USD traded sideways on Friday just below the 100.0% retracement level at 1.3587. A rebound from this level would favor the U.S. dollar and a decline toward the 76.4% Fibonacci level at 1.3482, which traders could then work through. A consolidation above the resistance zone of 1.3611–1.3620 would allow for further growth toward the next 127.2% retracement level at 1.3708. The wave picture continues to shift toward bullish. The last completed wave downward broke through two previous lows, while the new upward wave broke through the last two peaks. Thus, at this point it can be assumed that a new bullish trend is starting after more than two months of weak bearish dominance. That dominance proved very fragile, as the news background in most cases did not support the bears. On Friday, the bulls did not receive the necessary news background to overcome key levels and zones. U.K. GDP in July did not increase even by 0.1%, and industrial production fell again—something traders are already accustomed to. This week, a lot will depend on the outcomes of the Fed and Bank of England meetings. The Fed may follow the baseline scenario, but any dovish hint about labor market weakness or the possibility of three policy easings by year-end would support the bulls. The Bank of England, on the other hand, is likely to take a "neutral" stance, as U.K. inflation continues to rise. I believe that one or two MPC members will vote for a rate cut, which is unlikely to strongly support the bears. Thus, on Monday, the news background appears to favor the bulls. However, I want to remind you that central bank meetings are multifaceted events. Jerome Powell may say something unexpected. Andrew Bailey may adopt a less "neutral" stance. Or the number of MPC members voting for a rate cut could exceed forecasts. In all these cases, bulls may retreat. Still, the bullish trend remains in place, and if not now, then within a week the pound is likely to continue its rise. On the 4-hour chart, the pair completed a new reversal in favor of the pound and consolidated above the 1.3378–1.3435 zone. Thus, growth may continue toward the next 127.2% retracement level at 1.3795. The chart pattern is currently ambiguous, with traders moving the pair in both directions. At this stage, I recommend paying more attention to the hourly chart. There are more levels there and it is easier to work with waves. No emerging divergences are visible on any indicator. Commitments of Traders (COT) report: The sentiment of the "Non-commercial" category did not change in the last reporting week. The number of long positions held by speculators fell by 1,213, while the number of short positions fell by 748. The gap between longs and shorts is currently about 75,000 versus 109,000. But as we can see, the pound is still leaning toward growth, and traders toward buying. In my view, the pound still faces the prospect of declines. The news background in the first half of the year was disastrous for the U.S. dollar but is gradually stabilizing. Trade tensions are easing, key deals are being signed, and the U.S. economy in Q2 is expected to recover thanks to tariffs and various types of investment in the U.S. At the same time, expectations of Fed monetary easing in the second half of the year are already creating strong pressure on the dollar, as the U.S. labor market is weakening and unemployment is rising. Thus, I still see no basis for a "dollar trend." News calendar for the U.S. and U.K.: September 15 – the economic calendar contains no noteworthy entries. The news background will not affect market sentiment on Monday. GBP/USD forecast and trading tips: Sales of the pair are possible on a rebound from 1.3587 on the hourly chart with a target of 1.3482. Purchases are possible today on a close above the 1.3611–1.3620 zone with a target of 1.3708. The Fibonacci grids are built from 1.3586–1.3139 on the hourly chart and from 1.3431–1.2104 on the 4-hour chart. The material has been provided by InstaForex Company - www.instaforex.com

Overview: The US dollar begins the important week quietly but heavier against all the G10 currencies, led by sterling. It is pushing against the $1.36 cap that has blocked the upside over the past couple of months. All but a few emerging market currencies also enjoy a firmer tone today. The Mexican peso has recorded a new high for the year as the greenback slips toward MXN18.40. The appeals court ruling on President Trump's firing of Federal Reserve Governor Cook may come today ahead of the tomorrow's start of the FOMC meeting, which is widely expected to cut rates by 25 bp for the first time this year. Equities are mostly higher. There were a few exceptions in the Asia Pacific region, including Taiwan, Australia, and India. Europe's Stoxx 600 is firmer and recouped the minor loss seen before the weekend. US index futures are narrowly mixed. European 10-year yields are mostly 2-3 bp lower. French bonds are underperforming slightly after the Fitch's downgrade before the weekend. Spanish and Portuguese yields have leading, after their rating upgrades, but Italian bond yields have fallen nearly as much. The 10-year Treasury yield, which dipped below 4% briefly last week, is little changed today near 4.06%. Gold continues to consolidate after setting the record high last Tuesday a little below $3675. After trading in a wide-range before the weekend (~$61.70-$64.00), October WTI is trading calmer today between about $62.50-$63.25. USD: The Dollar Index is trading in a narrow 20-tick range above 97.50 so far today. With a couple of exceptions early last week, the Dollar Index largely remains within the range set on September 5 when the August jobs data were reported (~97.45-98.25). Another way to see the price action is that since Fed Chair Powell's speech at Jackson Hole on August 22, DXY has forged a down channel. The parameters are roughly 97.15 and 98.45 today, falling by about 10 ticks over the course of the week. The important week starts slowly with only the September NY State manufacturing survey today. August retail sales and industrial output figures will be released tomorrow ahead of the FOMC meeting on Wednesday. President Trump has requested a decision today by a federal appeals court on his request that the lower court decision blocking his firing of Federal Reserve Governor Cook. Today is also a personal and corporate tax day and there are pressures in parts of the money markets related to it and the settlement of last week's auctions. EURO: The euro is trading firmly in a narrow range, and has fray the highs set last Thursday and Friday, which was a few hundredths of a cent below $1.1750. The euro has remained largely confined to the range seen on September 5, the US jobs day: ~$1.1650-$1.1760. The relatively low implied vol (less than 7% for three months and around 6.5% for one month) is what one might expect before a large move. Fitch downgraded France to A+ from AA- and lifted Portugal's rating to A from A-, while S&P raised Spain's rating a notch to A+. There has been little market reaction. The euro zone July trade surplus was reported earlier today. The seasonally adjusted surplus was 5.3 bln euros, less than half of the median in Bloomberg's survey, even if a little larger than the 3.7 bln euros reported in June. It is not a particularly market sensitive report. Still, it is interesting to note that the H125 trade surplus was about 8.5% lower than in H1 24. Tomorrow sees Germany's ZEW survey but after last week's ECB meeting, the euro area is out of the spotlight given the five G10 central banks that meet in the coming days. We continue to closely follow the US-German two-year rate differential. It is at a new low for the year and around 155 bp it is the smallest US premium since last September. It has narrowed by slightly more than 25 bp since Federal Reserve Chair Powell spoke in Jackson Hole on August 22. CNY: From early May through late July, the dollar fell by about 1.5% against the offshore yuan. It has fallen a little less than 1.0% against the offshore yuan since August 1. The greenback recorded the low for the year last Thursday near CNH7.1120. The PBOC is guiding the dollar through lowering the dollar's daily reference rate, though it was raised a little to today. It was set at CNY7.1056 after CNY7.1019 before the weekend. China reported a slew of August data today. The bottom line is that house prices, new and used, continued to fall, and retail sales and industrial production (year-to-date, year-over-year) were softer. Investment in the property market and residential property sales remains weak. Fixed asset investment slipped to 0.5% (year-to-date, year-over-year), which is the weakest since the pandemic and that is what one would expect if the anti-involution (excess investment) campaign yielded results. Lastly, while US-Chinese officials are negotiating, Beijing not only launched two investigations into the US chips but offered a preliminary conclusion that Nvidia violated antitrust law in its 2020 acquisition of Mellanox Technologies. JPY: Ahead of the weekend, the dollar traded within the previous session's range against the Japanese yen. Firmer US rates helped steady the greenback. It remains inside last Thursday's range (~JPY147.00-JPY148.20). Japan's data calendar is light until the middle of the week when the July tertiary industry index and the August trade balance is due. The highlight of the week is the BOJ meeting Thursday and Friday. It will not change its stance, but Governor Ueda's forward guidance will be scrutinized. Most likely he continues his observation that provided the economy evolves as expected, rates can be lifted. GBP: Sterling is knocking on the $1.3600 cap. It has not been above there for a little more than two months and has been turned back from approaching it three times. A push above could see $1.3635 next. It found support last Thursday a little below $1.3500 and the 20-day moving average. The UK employment report is due tomorrow followed by the CPI on Wednesday before the Bank of England meeting on Thursday. There is little question, but the BOE is on hold, likely into Q1 26. The focus may be more scaling back its outright Gilt sales. CAD: The dollar has risen against the Canadian dollar in eight of the past 10 sessions coming into today. The Canadian dollar's roughly 0.75% in the first two weeks of September give it the dubious honor of the worst performing G10 currency against the dollar. The lack of follow-through US dollar selling after last Thursday's technical reversal leaves the greenback consolidating above that low (~CAD1.3825), which is also where the 20-day moving average is found. Over the weekend, Prime Minister Carney launched a new agency to build affordable homes, and it will be capitalized with C$13 bln. Today's housing data and manufacturing and wholesale sales typically do not have much market impact. And even more so given that tomorrow sees August CPI and the central bank meeting on Wednesday. A few hours before the FOMC's outcome, the Bank of Canada is expected to its overnight rate target to 2.50% from 2.75%. AUD: The Australian dollar was the strongest currency in the world last week, rising about 3.5% against the US dollar to a new high for the year. It stalled before the weekend after reaching nearly $0.6670. It is firm today, though no new progress has been achieved. There is one report this week and it is the August jobs data on Thursday. While overall growth has slowed, full-time employment has risen by about 21k on average over the three months through July compared with a little fewer than 7k average in the previous three months. The stabilization of the labor market and the firmer consumption has spurred a more cautious outlook for the Reserve Bank of Australia. The year-end rate implied by the futures market has risen by a little more than 30 bp since early July, and almost half of which has been recorded since mid-August. MXN: It is a sparse week for Mexico's economic diary. The peso rose to a new high for the year at the end of last week, which was more a reflection of the decline in the US dollar and lower US interest rates. And that seems to explain the move to new highs for the year by the Brazilian real and Colombian peso, which also rose to new highs for the year. The peso has edged a little higher today. Even if Mexico cuts later this month, which seems even more likely after the disappointing July industrial production figure (-1.2% vs. the median forecast in Bloomberg's survey of a 0.2% decline), the interest rate pickup will remain attractive for dollar-based investors. For the better part of the past month and a half, the dollar has been rangebound between MXN18.51 and MXN19.00 and mostly below MXN18.80. It broke out to the downside last week and fell to almost MXN18.4380. It edged down to almost MXN18.4150 today. We have suggested that the next technical target may be around MXN18.40, we suspect there may be potential toward MXN18.18 in Q4. Disclaimer

Bitcoin continues to gain bullish momentum. At the time of early European trading, it has once again returned to its weekly high around $116,800. Ethereum has also seen solid gains after ending last week on an optimistic note. As traders gear up for the upcoming Federal Reserve meeting — which could push the crypto market even higher — Arthur Hayes gave a new interview, urging Bitcoin investors to remain patient, as the current bull market could last until 2026. Hayes expects Donald Trump to launch a major economic stimulus in mid-2026, potentially triggering explosive growth in the cryptocurrency market. Hayes' forecast is based on several key factors. First, he expects the Federal Reserve to continue easing monetary policy in response to slowing economic growth. This would increase market liquidity and, as a result, drive up the prices of risk assets like cryptocurrencies. Second, Hayes believes Donald Trump will act as a catalyst for a new wave of economic expansion. Known for his support of tax cuts and deregulation, Trump's policies, according to Hayes, will likely boost investment and consumer spending. This would create a favorable environment for crypto market growth. Third, Hayes points out that Bitcoin is becoming increasingly attractive to institutional investors. As cryptocurrencies become more mainstream, more large corporations and investment funds are allocating capital to the sector. Hayes believes this trend will continue, providing additional support for Bitcoin and other crypto assets. Let's not forget about the altcoin season. According to data, the Altseason Index has climbed to 80 — its highest level since the euphoric aftermath of Trump's 2024 election victory. This suggests that the altseason is in full swing. Many market analysts still expect it to peak in Q3 of this year. Trading recommendations Bitcoin (BTC) In terms of the technical outlook for Bitcoin, buyers are currently targeting a return to the $116,000 level, which opens a clear path toward $117,500 — and from there, it's a short distance to $118,600. The final target would be the high near $119,300; breaking through that level would confirm a strengthening bull market. In case of a pullback, buyers are expected around $114,600. A drop below that area could quickly push BTC down toward $113,200, with the final support target at $111,900. Ethereum (ETH) As for Ethereum, a solid consolidation above the $4,697 level opens the way to $4,784. The ultimate upside target is the high near $4,913; a breakout above that would signal a stronger bull market and renewed buyer interest. If ETH pulls back, buyers are expected at $4,601. A drop below this zone could push ETH down to $4,519, with the final target around $4,418. What's on the chart The red lines represent support and resistance levels, where price is expected to either pause or react sharply. The green line shows the 50-day moving average. The blue line is the 100-day moving average. The lime line is the 200-day moving average. Price testing or crossing any of these moving averages often either halts movement or injects fresh momentum into the market. The material has been provided by InstaForex Company - www.instaforex.com

Trend analysis. This week, from the level of 1.3556 (the closing of the last weekly candle), the price may continue moving upward toward 1.3787 – the upper fractal (red dashed line). Upon testing this level, the price may retrace downward toward 1.3658 – the upper fractal (weekly candle of July 6, 2025). Fig. 1 (weekly chart). Comprehensive analysis: Indicator analysis – upward;Fibonacci levels – upward;Volumes – upward;Candlestick analysis – upward;Trend analysis – upward;Bollinger Bands – upward;Monthly chart – upward.Conclusion from comprehensive analysis: upward trend. Overall summary of GBP/USD weekly candle calculation: during the week, the price is most likely to show an upward trend with the absence of a lower shadow on the weekly white candle (Monday – upward) and the presence of an upper shadow (Friday – downward). Alternative scenario: from the level of 1.3556 (the closing of the last weekly candle), the price may continue moving upward toward 1.3658 – the upper fractal (weekly candle of July 6, 2025). Upon reaching this level, the price may then move downward toward 1.3579 – the historical support level (blue dashed line). The material has been provided by InstaForex Company - www.instaforex.com

Trend analysis (Fig. 1). This week, from the level of 1.1734 (the closing of the last weekly candle), the market may continue moving upward toward 1.1886 – the 161.8% target level (red dashed line). Upon testing this level, the price may retrace downward toward 1.1828 – the upper fractal (blue dashed line). Fig. 1 (weekly chart). Comprehensive analysis: Indicator analysis – upward;Fibonacci levels – upward;Volumes – upward;Candlestick analysis – upward;Trend analysis – upward;Bollinger Bands – upward;Monthly chart – upward.Conclusion from comprehensive analysis: upward trend. Overall summary of EUR/USD weekly candle calculation: during the week, the price is most likely to show an upward trend with the absence of a lower shadow on the weekly white candle (Monday – upward) and the presence of an upper shadow (Friday – downward). Alternative scenario: from the level of 1.1734 (the closing of the last weekly candle), the pair may continue moving upward toward 1.1828 – the upper fractal (blue dashed line). Upon testing this level, the price may retrace downward toward 1.1717 – the 14.6% retracement level (blue dashed line). The material has been provided by InstaForex Company - www.instaforex.com

Trend analysis (Fig. 1). On Monday, from the level of 1.3556 (the closing of Friday's daily candle), the market may start moving upward toward 1.3593 – the upper fractal (yellow dashed line). Upon testing this line, the price may then move downward toward 1.3582 – the upper fractal (daily candle of September 11, 2025). Fig. 1 (daily chart). Comprehensive analysis: Indicator analysis – upward;Fibonacci levels – upward;Volumes – upward;Candlestick analysis – upward;Trend analysis – upward;Bollinger Bands – upward;Weekly chart – upward.Overall conclusion: upward trend. Alternative scenario: from the level of 1.3556 (the closing of Friday's daily candle), the price may start moving upward toward 1.3582 – the upper fractal (daily candle of September 11, 2025). Upon testing this level, the price may then move downward toward 1.3543 – the historical support level (blue dashed line). The material has been provided by InstaForex Company - www.instaforex.com

We introduce you to the daily updated section of Forex analytics where you will find reviews from forex experts, up-to-date monitoring of financial information as well as online forecasts of exchange rates of the US dollar, euro, ruble, bitcoin, and other currencies for today, tomorrow and this trading week.Useful links: My other articles are available in this section InstaForex course for beginners Popular Analytics Open trading account Important: The begginers in forex trading need to be very careful when making decisions about entering the market. Before the release of important reports, it is best to stay out of the market to avoid being caught in sharp market fluctuations due to increased volatility. If you decide to trade during the news release, then always place stop orders to minimize losses. Without placing stop orders, you can very quickly lose your entire deposit, especially if you do not use money management and trade large volumes. For successful trading, you need to have a clear trading plan and stay focues and disciplined. Spontaneous trading decision based on the current market situation is an inherently losing strategy for a scalper or daytrader. #instaforex #analysis #sebastianseliga The material has been provided by InstaForex Company - www.instaforex.com

Trend analysis (Fig. 1). On Monday, from the level of 1.1734 (the closing of Friday's daily candle), the market may continue upward toward 1.1788 – the upper fractal (yellow dashed line). Upon reaching this level, a downward move toward 1.1747 – the upper fractal (daily candle of September 12, 2025) – is possible. Fig. 1 (daily chart). Comprehensive analysis: Indicator analysis – upward;Fibonacci levels – upward;Volumes – upward;Candlestick analysis – upward;Trend analysis – upward;Bollinger Bands – upward;Weekly chart – upward.Overall conclusion: upward trend. Alternative scenario: from the level of 1.1734 (the closing of Friday's daily candle), the price may continue upward toward 1.1747 – the upper fractal (daily candle of September 12, 2025). Upon reaching this level, a pullback downward toward 1.1697 – the 76.4% retracement level (yellow dashed line) – is possible. The material has been provided by InstaForex Company - www.instaforex.com

Dogecoin jumped back into the spotlight on Monday after fresh price calls from market commentators and a clear technical move on charts. According to Ali Martinez, the meme token could head as high as $0.45, a level last seen at the end of 2021. DOGE was trading at around $0.29, more than 5% higher than it was yesterday, and traders are watching whether now-support at $0.27 holds. Technical Breakout And Volume Spike Trading activity around the breakout caught attention. Based on reports, DOGE pushed above the $0.27 zone that had capped rallies through the summer and then consolidated above it, a pattern traders view as healthy. The weekly chart showed a breakout from a multimonth symmetrical triangle, and trading volumes during that move more than tripled — a sign that momentum gained backing from buyers. Shorter term targets being watched include $0.39 and the $0.43–$0.45 band cited by some analysts. Triangle Target Paints A Bigger Picture Chart-based targets diverge. Using the triangle’s maximum height, some calculations put a breakout objective near $0.60, which would be about a 95% rise from current levels if reached by October. Other chartists have lower targets clustered around $0.45, matching the upper line of a wider multi-year triangle. These different readings mean the path higher is not universally agreed, but the technical case for a move is clear on several timeframes. Short-Term Risks And Support Levels The key risk is holding the new floor. Reports note that past Dogecoin rallies stalled when gains could not be kept above freshly conquered levels. If DOGE falls back under $0.27, momentum would likely fade and price could slide toward the prior base around $0.20–$0.25. Retail Demand And Recent Gains Retail interest has returned, helped in part by the launch of a new Dogecoin ETF, which drew fresh attention to the token. DOGE has already rallied by nearly 40% over the past seven days, outpacing the broader crypto market that rose by about 8% over the same span. Trading desks say the bias is tilted higher for now, but many traders are treating September as a make-or-break month for the next major move. Chart Targets Diverge But Bias Is Up Meanwhile, as momentum indicators and volume favor further upside, cautious traders point to the mixed targets and the need for clear support. Some models project $0.45 as the immediate ceiling; others place a loftier objective near $0.60. If the breakout is sustained, gains could be swift. If not, losses could be sharp. Featured image from Unsplash, chart from TradingView