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Asia Market Wrap - Asian Shares Edge Higher, Japanese Markets Closed Most Read: Markets Weekly Outlook - S&P 500, Nasdaq & Dow Jones on a Tear as Fed Rate Cut Looms Asian stock markets rose, following a global trend, as investors expect the US Federal Reserve to cut interest rates soon. Even with disappointing economic news from China—where business activity slowed and investment fell sharply for the second month in a row. The MSCI Asia Pacific Index, a measure of stocks across Asia, climbed 0.2% to surpass its previous record set in February 2021. Meanwhile, a global stock index held steady after hitting its own record high on Friday. Due to a holiday in Japan, there was no trading of US government bonds (Treasuries) in Asia. Nikkei futures stood at 44520 just below the cash close of 44768 after last weeks 4% gain. South Korea's stock market went up by 0.4% to reach another record high after the government decided not to increase taxes on stock investments. Chinese stocks performed well, with major companies up by 0.5% and Hong Kong's stock index up by 0.2%. This was driven by investors betting on Chinese technology companies, likely because of ongoing trade discussions between China and the U.S. Top officials from the U.S. and China began trade talks in Madrid on Sunday and will continue them today. President Trump mentioned he is still in negotiations about the deadline for the Chinese app TikTok to sell its U.S. operations. Chinese Data Underwhelms China's factory and industrial output grew by 5.2% compared to the same time last year. This was a slower pace than July's 5.7% and was less than what economists had predicted. It was the slowest growth since August 2024. The slowdown was mainly due to weaker growth in manufacturing and in the production of things like electricity and gas, which suggests that people in China aren't buying as much. However, some areas still did well. Mining output grew steadily, and within manufacturing, many key sectors saw growth. This included industries like car making, computers, shipbuilding, and metal production. Even with the recent slowdown, China's industrial output has still grown by 6.2% over the first eight months of the year. On a month-to-month basis, output increased by a small amount, 0.37%. European Open - Banking Stocks Lift European Shares European stocks went up on Monday morning, mainly because bank stocks did well. Investors are getting ready for a big week of meetings by central banks, including the U.S. Federal Reserve, which could decide to cut interest rates. Shares of the French company Rubis also jumped 6.7% after a report came out saying that two companies, CVC Capital Partners and Trafigura, are making offers to buy it. Rubis is a fuel company worth about $3.5 billion. In France, the stock market went up by 0.4%, with French banks like SocGen, BNP Paribas, and Credit Agricole all seeing their share prices increase. This happened despite the fact that Fitch downgraded France's credit rating on Friday. This downgrade could make it harder for the new Prime Minister, Sebastien Lecornu, to create a new budget. On the FX front, the euro weakened slightly against the dollar, trading at 1.1729. Meanwhile, the British pound and Australian dollar both rose. The pound increased to 1.3565, and the Australian dollar went up to 0.6663, getting close to its highest value in 10 months, which it reached on Friday. The Japanese yen also became a bit stronger, trading at 147.44 per U.S. dollar, as investors anticipate the Bank of Japan's policy meeting later this week. The New Zealand dollar also saw a small gain, rising to 0.5964. Even though China released disappointing economic news—showing that its factory production and retail sales had their weakest growth since last year—the Chinese yuan still saw a slight increase against the US dollar, reaching 7.1213 per dollar. This was mainly because the US dollar was a bit weaker overall. Currency Power Balance Source: OANDA Labs Oil prices increased slightly on Monday. This was due to two main factors: drone attacks by Ukraine on oil refineries in Russia and a statement from U.S. President Donald Trump. Trump said he is ready to place sanctions on Russia if NATO countries stop buying Russian oil. Brent crude oil cost $67.31 per barrel, up 32 cents, and U.S. crude oil cost $63.01 per barrel, also up 32 cents. Both types of oil rose by about 0.5%. Gold prices remained steady on Monday. Investors are waiting for the U.S. Federal Reserve to announce a rate cut, which is widely expected to happen this week. However, some investors are selling their gold to take profits after its recent rise, and a stronger U.S. dollar is also limiting how much gold prices can increase. Spot gold was priced at $3,642.65 per ounce. Last week, gold climbed about 1.6%, reaching a new record high of $3,673.95 on Tuesday. Meanwhile, U.S. gold futures for December delivery went down slightly, by 0.2%, to $3,680.20. For more information on Gold, read Gold (XAU/USD) Technical: Eyeing a new all-time high above US$3,675, supported by positive flows and positioning Economic Data Releases and Final Thoughts Looking at the economic calendar, the European session will be a quiet one with the US session also relatively bare from a data perspective. Markets will focus on updates from US-China talks, developments around Russia-Ukraine and any comments around the Federal Reserve from the Trump administration could stoke volatility. For all market-moving economic releases and events, see the MarketPulse Economic Calendar. (click to enlarge) Chart of the Day - FTSE Index From a technical standpoint, the FTSEhas returned to the top of the range it broke last week. Bulls remain in control as long as the FTSE remains above the swing low at 9242 which lines up with the 100-day MA. Looking at price action it does appear that we could get a pullback toward the 100-day MA before a potential new leg to the upside. Immediate resistance now rests at 9300 and 9340. Looking at support on the downside, immediate support rests at 9244 before the 9223 and 9198 handles come into focus. FTSE 100 Four-Hour Chart, September 15. 2025 Source: TradingView.com (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.

Last Friday, US equity indices closed mixed. The S&P 500 edged down 0.05%, while the Nasdaq 100 gained 0.49%. The Dow Jones Industrial Average slipped 0.49%. At the start of this week, the indices remain close to all-time highs, as investors focus on the upcoming Federal Reserve decision on monetary policy. The global equity index held steady after closing at its highest on Friday. The MSCI Asia Pacific Index pared gains after briefly closing above its previous record from February 2021. Chinese indexes advanced 0.4%, despite weak data on manufacturing and consumption. French 10-year bond futures fell after Fitch Ratings downgraded France's credit rating from AA- to A+. The key question for investors this week is whether Fed officials will push back against market expectations for a series of rate cuts that many economists anticipate will extend through next year. The Fed's decision on Wednesday will set the tone for global markets, but it is not the only major event on the calendar. The Bank of Canada, Bank of England, and Bank of Japan are also due to announce monetary policy decisions, making this a pivotal week for central banks worldwide. In China, economic activity slowed for a second straight month, outpacing expectations due to a sharp drop in investment. August data from China offers little encouragement: exports remain under pressure from tariffs, and a slump in the property market continues to weigh on domestic demand. Still, markets seem to be ignoring these signals: households with cash on hand are returning to equities, while the artificial intelligence boom is fueling tech stock gains. Liquidity inflows from Chinese households, combined with AI-related momentum, are feeding a self-fulfilling prophecy. Rising tech valuations are attracting new investors, who in turn drive prices even higher. However, such euphoria is unlikely to last. It is clear that Chinese authorities will have to take more decisive measures to stimulate the economy and restore confidence among larger investors. If negative trends persist, even robust growth in artificial intelligence will not be enough to compensate for underlying fundamental issues. More aggressive fiscal policy may be needed to support domestic demand and boost infrastructure investment. Otherwise, a bubble in Chinese equities could burst, carrying serious consequences for the global economy. From a technical standpoint, the immediate task for S&P 500 buyers today will be to overcome the nearest resistance at $6,590. Breaking through this level would enable further growth and open the way to the next target at $6,603. Equally important is maintaining control above $6,616, which would further strengthen the bull case. If risk appetite wanes and the index moves lower, buyers will need to defend the $6,577 area. A break below this support would quickly send the index back to $6,563 and open the path toward $6,552. The material has been provided by InstaForex Company - www.instaforex.com

Banks lift European markets European stocks opened the week with modest gains, largely supported by bank shares. Investors are bracing for a pivotal series of central bank meetings in the coming days, with the US Federal Reserve at the center of attention. Rubis shines after takeover talk Shares of French energy retailer Rubis surged following reports of potential acquisition interest. According to market sources, both CVC Capital Partners and commodities trader Trafigura are considering a deal. The news sent Rubis stock up by 6.7 percent, making it the best performer within the STOXX 600 index. The company's market value is estimated at around 3.5 billion dollars. Banking sector leads the way The pan-European STOXX 600 index climbed 0.2 percent in early trading, reaching 556.2 points. Banks, typically sensitive to rate moves, were the strongest contributors, adding nearly 0.8 percent. In France, the CAC 40 index advanced 0.4 percent. Shares of Societe Generale gained 1.3 percent, while BNP Paribas and Credit Agricole rose about 0.9 percent each. France faces ratings challenge Meanwhile, the market continues to digest Fitch's downgrade of France's sovereign credit rating announced on Friday. The move complicates the position of newly appointed Prime Minister Sebastien Lecornu, who is about to engage in difficult budget negotiations. Focus on the Federal Reserve The spotlight later this week will turn to the Federal Reserve, as investors await its decision on interest rates. Any signals from the US central bank are expected to set the tone for global markets in the near term. Optimism fueled by rate cut expectations Global markets opened the week on a positive note as traders increasingly expect the US Federal Reserve to respond to signs of labor market weakness with at least a quarter-point rate cut. Such a move would mark the first dovish policy shift of the year. Asia hovers near multi-year highs Asian stocks on Monday held steady near four-year peaks. Investors anticipate a packed week of central bank meetings that could restart the Fed's easing cycle and potentially pave the way for a series of rate reductions in the months ahead. Central banks under the spotlight Beyond the Fed, attention is also directed toward other key regulators. The Bank of Canada is widely expected to lower its rate by 25 basis points, while both the Bank of Japan and the Bank of England are likely to leave policy unchanged. European and US futures edge higher European equity markets are set to open with modest gains: futures on the EUROSTOXX 50 advanced 0.3 percent. US benchmarks also pointed upward, with S&P 500 and Nasdaq futures adding 0.1 percent each. Market bets on the Fed Traders are pricing in with near certainty a quarter-point Fed rate cut, which would bring the federal funds target range down to 4.0 - 4.25%. Futures imply only a slim four percent chance of a deeper, half-point cut. Quiet session in Asia With Japan observing a public holiday, Asian markets saw subdued activity. On the currency front, the euro showed little reaction to Fitch's recent downgrade of France's sovereign credit rating. Euro holds steady The single currency started the week with little movement, trading at 1.1732 dollars, just below its recent peak of 1.1780. The US dollar slipped 0.15 percent against the yen to 147.44, staying within the month-long range of 146.22 to 149.13. Support from the ECB The euro found stability in firm policy signals from the European Central Bank. Last week, the ECB emphasized that its current stance is well positioned. Investors are now awaiting remarks from several ECB officials, including President Christine Lagarde, scheduled later this week. Nikkei closed, futures active Japan's Nikkei index remained shut on Monday due to a public holiday, though futures traded around 44,520 points, slightly below the last close of 44,768. The index had advanced more than 4 percent over the past week. Asia's resilience continues The MSCI index tracking Asia-Pacific shares outside Japan held steady in the latest session, although earlier it touched a fresh four-year high. Gains in Seoul and Beijing In South Korea, the Kospi rose 0.4 percent, setting another record high after the government scrapped plans to raise taxes on stock investments.Chinese markets also showed strong momentum: the CSI300 gained 0.5 percent, while Hong Kong's Hang Seng added 0.2 percent. Investor appetite for Chinese tech stocks grew as hopes rose over progress in trade talks between Beijing and Washington. Talks in Madrid move forward On Sunday evening, US and Chinese officials wrapped up the first day of trade discussions in Madrid, with negotiations set to resume later on Monday. President Donald Trump commented that the timing of a potential sale of the Chinese short-video platform TikTok is still under review, and no final decision has been made. China's economy shows signs of slowing Fresh economic figures released Monday reveal that China's growth momentum weakened in August. Industrial output, retail sales and other activity indicators fell short of expectations.The property sector remains under pressure, with real estate investment continuing to decline. Housing prices dropped by another 0.3 percent last month, extending the downward trend that has persisted since the start of 2023. Oil edges up, gold steady near highs Commodities saw moderate gains at the start of the week. Brent crude rose 0.5 percent to 67.33 dollars a barrel, while US crude climbed by the same margin to around 63 dollars. Gold prices held firm at 3644 dollars per ounce, staying close to last week's record high of 3673.95 dollars. The material has been provided by InstaForex Company - www.instaforex.com

Crypto analyst Maartunn (@JA_Maartun) warned on September 14 that a familiar—and historically unfriendly—market pattern has reappeared: speculative leverage pouring into altcoins while Bitcoin’s derivatives positioning stays conspicuously muted. “History doesn’t repeat, but it often rhymes, and right now a major warning signal is flashing,” he said, stressing that his message is not to incite panic but to flag a shift in market climate that “any smart investor” should not ignore. At the core of Maartunn’s diagnosis is open interest, the notional value of active futures and perpetual positions across venues. “We keep throwing around this term, open interest. What is it? Well, to put it simply, it’s a way to measure the total amount of money and active bets in the market. When open interest rises, it means new money, often speculative money, is coming in,” he explained. Crypto’s ‘Musical Chairs’ Moment In his read, altcoin open interest is “through the roof,” while Bitcoin—“the anchor of the whole market”—is flat. The divergence, he argued, is precisely what preceded the late-2024 drawdown. “Altcoin speculation is heating up — the gap between BTC and Altcoin Open Interest just hit a new high,” Maartuun wrote via X. Maartunn anchored his warning in a recent analogue. “Back in December of 2024, the exact same story played out. Altcoin speculation was running wild, while Bitcoin was just stagnating. And the result? It wasn’t pretty.” The immediate aftermath, he recalled, was a sharp, broad-based markdown and then a tedious consolidation. “We’re talking [about] a 30% drop,” he said of Bitcoin’s move, adding that such declines “don’t happen in a vacuum.” Liquidity retreats to safety, correlations rise, and “those high-flying, speculative altcoins… get hit the hardest.” What followed was “three whole months” of rangebound “chop modus,” a period that historically bleeds momentum strategies and punishes late-cycle leverage. To illustrate how leverage-heavy phases can abruptly unravel, he leaned on a metaphor. “It’s a high-stakes game of musical chairs,” he said. As long as flows are positive, “the party’s in full swing, and everyone feels like a genius.” The structural risk emerges at the moment “the music stops”—an adverse headline, an exogenous macro shock, or simply fatigued bid depth. “Everyone makes a mad dash for a chair, for safety. But in a panic, there just aren’t enough chairs for everybody, and someone always gets left holding the bag.” In crypto’s derivatives-driven microstructure, that dash translates into forceful de-risking and liquidations that can cascade across thin order books. Crucially, Maartunn framed his assessment as situational risk—not a deterministic crash call. “This isn’t about predicting a crash or trying to cause a panic, not at all,” he said at the outset. The point, rather, is to recognize that the “growing split in the market” between exuberant altcoin leverage and a subdued Bitcoin base “can’t last forever.” “The level of risk in the market has clearly gone up,” he concluded. “The music is absolutely still playing, but it’s probably a good time to know where the emergency exits are.” The open question is the one he leaves viewers with: whether this is merely “the market… enjoying the music before another painful dip,” as in December 2024, or whether “this time really [is] different.” In either case, Maartunn’s thesis hinges on the same observable setup: a momentum-chasing build-up of altcoin derivatives exposure with no confirming expansion in Bitcoin’s positioning. If the past is a guide, the divergence is less a timing tool than a warning label on the current phase of the cycle—one that tends to end not when everyone expects it, but when liquidity blinks. At press time, the total crypto market cap stood $4.0 trillion.

The crypto market remains steady but cautious ahead of the September 16–17 Federal Reserve meeting. Investors are closely watching for signals on monetary policy, with many asking the same question: what is the best crypto to buy in this environment? Bitcoin BTC ▼-0.45% is trading around $115,700 after briefly dipping under $115,000. On the daily chart, BTC has reclaimed the $112K support and now faces resistance near $120,000. A breakout above this level could open the path back toward $124,000, while failure to hold $112,000 risks a retest of $108,000. bitcoinPriceMarket CapBTC$2.30T24h7d1y Ethereum ETH ▼-1.21% is hovering above $4,600 after a small dip, while altcoins remain under pressure. Sector-wide losses have been led by GameFi (-3.03%), DeFi (-2.21%), and meme coins (-2.85%). DISCOVER: Did Dogecoin ETF Just Change Everything For Meme Coins? Best Crypto To Buy Right Now: Bitcoin Holds $116K, Altcoins Wait for ETF Catalysts Beyond price action, several upcoming macro and regulatory events could shape crypto’s next big move. From the Federal Reserve’s September meeting to critical ETF deadlines and stablecoin policy shifts, these decisions will determine whether capital flows back into Bitcoin and altcoins, or stays on the sidelines: FOMC Meeting (Sep 16–17): Markets price in an 88% chance of a 25 bps rate cut. This cut could boost Bitcoin and risk assets. October ETF Deadlines: SEC decisions on XRP ▼-1.99%,SOL ▼-1.03%, LTC ▼-2.66%, and ADA ▼-2.54% ETFs may validate altcoins as commodities, potentially sparking inflows similar to Bitcoin’s ETF boom. Stablecoin & Regulatory Shifts: Circle’s trust bank application and Spain’s early MiCA rollout could reshape liquidity and compliance across crypto markets. The FOMC meeting remains the near-term spark that could set the tone for the next leg of the market. 34 minutes ago Arthur Hayes: Bitcoin Could Break $200K, Dismissing Four-Year Cycle By Fatima Arthur Hayes, co-founder of BitMEX, says Bitcoin’s trajectory will be shaped more by global liquidity than the traditional four-year cycle. In an interview with Kyle Chasse, Hayes argued that central banks and governments worldwide will keep printing money and buying bonds, fueling risk assets like Bitcoin over equities such as the S&P 500. He believes the market underestimates this liquidity effect, which could drive BTC to $150K, $175K, or even $200K by the end of the 2020s. While risks exist later in the cycle, Hayes insists the real upside has not yet arrived. EXPLORE: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025 The post [LIVE] Crypto News Today, September 15 – Why Is Crypto Going Down? Bitcoin Loses $116K As Altcoins Lag Ahead of FOMC: Best Crypto To Buy? appeared first on 99Bitcoins.

The U.S. dollar may face significant turbulence this week. President Donald Trump recently stated in an interview that he expects the Federal Reserve to deliver a larger rate cut this week. Pressure from the White House comes ahead of a pivotal meeting where central bank officials are expected to ease policy for the first time in nine months. "I think it's time to act big," Trump told reporters on Sunday. "The time has come for the next step." Beyond Trump's remarks, markets have already priced in the likelihood of a 25-basis-point cut, while some analysts do not rule out a more aggressive move. Federal funds futures indicate growing confidence in easing, which is putting downward pressure on the dollar against other major currencies. However, the Fed is likely to emphasize its independence from political pressure and may act more cautiously than the president desires. The dollar's reaction will also depend on the accompanying comments following the rate decision. If the Fed sends a clear signal of readiness for further easing, the dollar could decline more quickly. On the other hand, if the central bank stresses that the current rate cut is a one-off measure and not the start of a cycle, the dollar may receive temporary support. The Fed is expected to cut rates on September 17, in the context of a slowing labor market, persistent inflation, and Trump's unprecedented push to lower borrowing costs. The consensus forecast among economists is for a 25-basis-point reduction. It should be noted that Trump has been pressuring Fed Chair Jerome Powell for months to cut rates and has repeatedly called for his resignation. Recent weak economic reports have fueled concerns that the labor market could slide into an even deeper slowdown, threatening consumer spending and economic growth. At the same time, inflation remains above the Fed's 2% target and could rise further if tariff policies increase costs, prompting some officials to worry about acting too hastily. Tensions between the White House and the Fed have reached a peak amid slowing economic growth and growing concerns over trade wars. Trump has repeatedly claimed that high interest rates restrain growth and that rate cuts are necessary for the U.S. to compete globally. Powell has consistently stressed the Fed's independence, stating that rate decisions are based on economic data, not political pressure. He has also noted that cutting rates while the labor market is strong and unemployment low could fuel inflation and destabilize the economy. In this context, markets remain highly sensitive to any hints of a possible Fed policy shift. It should also be noted that Powell's term expires in May 2026, and Trump is now considering his successor. The president has publicly named White House economic adviser Kevin Hassett, Fed Governor Christopher Waller, and former Fed Governor Kevin Warsh as the three main candidates. Technical outlook for EUR/USD: buyers now need to secure the 1.1745 level. Only then will a test of 1.1780 be possible. From there, the pair could reach 1.1813, though doing so without support from large players will be difficult. The ultimate target is 1.1866. In the event of a decline, I expect strong buying interest around 1.1700. If none emerges, it would be better to wait for a retest of the 1.1665 low or consider long positions from 1.1630. Technical outlook for GBP/USD: pound buyers need to take the nearest resistance at 1.3590. Only then will a move toward 1.3615 be possible, though breaking higher will be difficult. The ultimate target is 1.3645. In case of a decline, bears will attempt to regain control at 1.3525. If successful, a breakout of this range would deal a serious blow to bulls and push GBP/USD toward 1.3495, with the potential to extend to 1.3458. The material has been provided by InstaForex Company - www.instaforex.com

The U.S. dollar continues to face problems, and the key question remains: how much more will it lose before the Federal Reserve meeting, and how much after. The main issue for investors this week is whether Fed officials will push back against market expectations of a series of rate cuts, which many economists believe could last into next year. Clearly, the Fed's decision on Wednesday will set the tone for global markets, including currencies, but it is not the only important event on the calendar. The Bank of Canada, the Bank of England, and the Bank of Japan are also set to announce their monetary policy decisions. The spotlight will undoubtedly be on Fed Chair Jerome Powell's remarks, where he is expected to comment on the latest inflation and employment data and hint at the future policy trajectory. Markets are watching closely for signals on when rate cuts might begin and how quickly they will proceed. Any divergence between market expectations and Fed guidance could lead to significant volatility. The recent slowdown in disinflation places the Fed in a difficult position: on one hand, maintaining tight monetary policy risks a recession, while on the other, easing too soon could spark a new wave of inflation. Powell's speech will be key to outlining the Fed's strategy. Investors expect him to reaffirm the regulator's readiness to cut rates further this year, but the question is how many cuts will be scheduled. At the same time, it will be important for Powell to avoid ambiguity in his statements so as not to fuel market uncertainty. Special attention will be paid to his comments on the employment outlook. If Powell voices concern about job losses—at a time when the labor market is experiencing its worst downturn since the pandemic—it could be seen as a signal that the Fed is prepared to accelerate rate cuts. Conversely, if he emphasizes labor market resilience and frames current problems as temporary, it may indicate the Fed intends to keep policy tight for longer than markets expect. Decisions by other major central banks will also be important. The Bank of Canada, given its similar economic dynamics to the U.S., may be pressured to follow the Fed's path. As for the Bank of Japan, its wait-and-see stance and yield curve control continue to preoccupy investors. Any signs of readiness to raise rates further could have significant consequences for global markets, given Japan's role as a major creditor. Overall, the week promises to be eventful and filled with uncertainty, as global central banks attempt to navigate complex economic conditions. Technical outlook for EUR/USD: buyers now need to secure control over 1.1745. Only then will a test of 1.1780 become possible. From there, the pair could move up to 1.1813, though doing so without support from large players will be challenging. The ultimate target stands at 1.1866. In case of a decline, I expect significant buying interest to appear near 1.1700. If none emerges, it would be preferable to wait for a retest of 1.1665 or consider long positions from 1.1630. Technical outlook for GBP/USD: pound buyers need to break above immediate resistance at 1.3590. Only then will they be able to target 1.3615, though breaking higher will be difficult. The ultimate target lies at 1.3645. In the event of a decline, bears will attempt to take control at 1.3525. If successful, a breakout of this range would deal a serious blow to bulls and push GBP/USD toward 1.3495, with prospects of extending to 1.3458. The material has been provided by InstaForex Company - www.instaforex.com

Demand for Bitcoin remains at a reasonably high level. Given that the weekend passed with no major corrections and that we have a Fed meeting and potential rate cuts ahead this week, the stage is set for further crypto market recovery and new local highs. Data from CryptoQuat support this theory. According to their report, whales continue to buy ETH and BTC actively. In fact, wallet balances holding 10,000-100,000 ETH have hit a record high. CryptoQuat notes that ETH is currently in one of its strongest cycles: institutional demand, staking, and on-chain activity are all approaching historic highs. The growth in whale balances—especially among those holding large amounts of Ethereum and BTC—indicates strong confidence in the long-term prospects of these assets. Institutional interest, backed by ETH staking opportunities, provides a steady inflow of capital and reduces volatility. Network activity, encompassing both DeFi and NFT segments, highlights Ethereum's utility and ongoing demand. However, even the most positive signals do not guarantee a smooth future. The crypto market remains susceptible to regulatory changes, macroeconomic factors, and sudden technological breakthroughs. While the CryptoQuat data strengthens the bullish outlook, pointing to large player consolidation and robust market growth, prudent skepticism and continuous market monitoring remain essential to protect against risks and maximize gains. For intraday crypto trading, I'll continue to look for major dips in Bitcoin and Ethereum as opportunities for bullish medium-term plays, as the bull trend remains intact. Short-term trading strategies and conditions are outlined below. BitcoinBuy ScenarioScenario #1: Plan to buy Bitcoin today at an entry point around $116,800, targeting a rise to $117,800. Around $117,800, I'll exit longs and sell on the bounce. Before entering a breakout long, make sure the 50-day moving average is below the current price and the Awesome Oscillator is above zero.Scenario #2: Buy Bitcoin from the lower boundary at $116,100 if there is no market reaction to a breakdown, aiming for a reversal back up to $116,800 and $117,800.Sell ScenarioScenario #1: Plan to sell Bitcoin at $116,100, targeting a fall to $114,900. Exit shorts and buy on the bounce at $114,900. Before a breakout short, confirm the 50-day moving average is above the current price and the Awesome Oscillator is below zero.Scenario #2: Sell Bitcoin from the upper boundary at $116,800 if there is no market reaction to a breakout, aiming for a move back down to $116,100 and $114,900. EthereumBuy ScenarioScenario #1: Plan to buy Ethereum today at an entry around $4,680, targeting a rise to $4,745. I'll exit longs and sell on the bounce at $4,745. Before a breakout long, confirm the 50-day moving average is below the current price and the Awesome Oscillator is above zero.Scenario #2: Buy Ethereum from the lower boundary at $4,636 if there's no market reaction to a breakdown, targeting reversals back up to $4,680 and $4,745.Sell ScenarioScenario #1: Plan to sell Ethereum at $4,636, targeting a drop to $4,582. Exit shorts and buy on the bounce at $4,582. Before a breakout short, confirm that the 50-day moving average is above the current price and the Awesome Oscillator is below zero.Scenario #2: Sell Ethereum from the upper boundary at $4,680 if there's no follow-through on a breakout, targeting a reversal back down to $4,636 and $4,582.The material has been provided by InstaForex Company - www.instaforex.com

Trade Review and Advice on Trading the Japanese YenThe test of the 148.06 price occurred when the MACD indicator had already risen far above the zero line, which limited the pair's upside potential. For this reason, I did not buy the dollar, and this decision proved correct as the pair failed to continue rising. The Japanese yen strengthened against the dollar after last Friday's University of Michigan Consumer Sentiment Index fell to 55.4 points, versus economists' forecast for an increase to 58. This unexpected slump in American consumer sentiment reinforced the market's belief in the need for monetary easing by the Federal Reserve. The dollar, which had previously been supported by high rates, came under pressure as investors began doubting the strength of the US economy. The yen, traditionally viewed as a safe-haven asset, gained support in this environment of uncertainty. Future pair dynamics will depend on upcoming US economic data, Fed policy decisions, and actions by the Bank of Japan. Investors should closely monitor these factors to make informed decisions. As for the intraday strategy, I will focus more on implementing scenarios #1 and #2. Buy ScenarioScenario #1: I plan to buy USD/JPY today if the entry point around 147.54 (green line on the chart) is reached, targeting a rise to 147.91 (thicker green line on the chart). Around 147.91, I plan to exit from longs and open shorts in the opposite direction (expecting a 30–35 pip counter move from the level). The best opportunities to buy the pair will be on corrections and notable dips in USD/JPY. Important! Before buying, ensure the MACD indicator is above the zero line and is just starting to rise from it. Scenario #2: I also plan to buy USD/JPY today if there are two consecutive tests of the 147.35 level with the MACD indicator in the oversold area. This will limit the pair's downside potential and lead to an upward reversal. Growth to the opposite levels of 147.54 and 147.91 can be expected. Sell ScenarioScenario #1: I plan to sell USD/JPY today only after a move below 147.35 (red line on the chart), which should quickly push the pair lower. The key sellers' target will be 147.05, where I plan to exit shorts and immediately open longs in the opposite direction (expecting a 20–25 pip counter move). It's better to sell as high as possible. Important! Before selling, ensure the MACD indicator is below the zero line and is just starting to drop from it. Scenario #2: I also plan to sell USD/JPY today if there are two consecutive tests of the 147.54 level with the MACD indicator in the overbought area. This will limit the pair's upside potential and trigger a reversal downward. Declines to the opposite levels of 147.35 and 147.05 can be expected. What's on the Chart:Thin green line – entry price at which the instrument can be bought. Thick green line – suggested price for taking profit or manually securing profits, as further growth above this level is unlikely. Thin red line – entry price at which the instrument can be sold. Thick red line – suggested price for taking profit or manually securing profits, as further decline below this level is unlikely. MACD indicator: When entering the market, it is important to refer to overbought and oversold areas. Important. Beginner forex traders should exercise extreme caution when making entry decisions. Before important fundamental reports, it is best to stay out of the market to avoid sharp price swings. If you decide to trade during the release of news, always use stop-loss orders to minimize losses. Without stop-losses, you can quickly lose your entire deposit, especially if you don't use money management and trade large volumes. And remember: for successful trading, you need a clear trading plan, as I described above. Making spontaneous trading decisions based on the current market situation from moment to moment is a losing strategy for an intraday trader. The material has been provided by InstaForex Company - www.instaforex.com

Trade Review and Advice on Trading the British PoundThe test of the 1.3528 price occurred when the MACD indicator had already moved well below the zero line, which limited the pair's downside potential. For this reason, I did not sell the pound. The British pound rose against the dollar after last Friday's data showed a decline in the University of Michigan Consumer Sentiment Index. The unexpected drop in the index weakened the dollar and provided a boost for the pound. Markets reacted immediately, as investors revised their expectations towards a more dovish Federal Reserve policy. No major fundamental data are expected from the UK today, which is likely positive for the pound. The absence of macroeconomic releases from the United Kingdom allows the market to focus on other factors influencing the pair's dynamics. This, in turn, reduces the likelihood of sharp fluctuations caused by unexpected data. With the prevailing upward trend, a neutral news background may support further strengthening of the pound, as speculative positions aimed at growth remain a priority. Market participants are likely to focus on news from the US and global trends influencing risk appetite. Any negative signals from the US economy or increasing geopolitical tensions could increase the pound's attractiveness. As for the intraday strategy, I will focus more on implementing scenarios #1 and #2. Buy ScenarioScenario #1: I plan to buy the pound today if the entry point at around 1.3573 (green line on the chart) is reached, aiming for growth to 1.3608 (thicker green line on the chart). Around 1.3608, I plan to exit longs and open shorts in the opposite direction (expecting a 30–35 pip retracement from the level). Strong growth in the pound can be expected if the uptrend continues. Important! Before buying, ensure the MACD indicator is above the zero line and is just starting to rise from it. Scenario #2: I also plan to buy the pound if there are two consecutive tests of the 1.3557 level while the MACD indicator is in the oversold area. This will limit the pair's downside potential and cause a reversal upward. Growth to the opposite levels of 1.3573 and 1.3608 can be expected. Sell ScenarioScenario #1: I plan to sell the pound today after a break below 1.3557 (red line on the chart), which should quickly send the pair lower. The main seller's target will be 1.3526, where I'll exit shorts and consider immediately opening longs in the opposite direction (expecting a 20–25 pip retracement from the level). Pound sellers could become active at any moment today. Important! Before selling, ensure the MACD indicator is below the zero line and is just starting to fall from it. Scenario #2: I also plan to sell the pound if there are two consecutive tests of the 1.3573 level while the MACD indicator is in the overbought area. This limits the pair's upside potential and triggers a reversal down. A decline to the opposite levels of 1.3557 and 1.3526 can be expected. What's on the Chart:Thin green line – entry price at which the instrument can be bought. Thick green line – suggested price for taking profit or manually securing profits, as further growth above this level is unlikely. Thin red line – entry price at which the instrument can be sold. Thick red line – suggested price for taking profit or manually securing profits, as further decline below this level is unlikely. MACD indicator: When entering the market, it is important to refer to overbought and oversold areas. Important. Beginner forex traders should exercise extreme caution when making entry decisions. Before important fundamental reports, it is best to stay out of the market to avoid sharp price swings. If you decide to trade during the release of news, always use stop-loss orders to minimize losses. Without stop-losses, you can quickly lose your entire deposit, especially if you don't use money management and trade large volumes. And remember: for successful trading, you need a clear trading plan, as I described above. Making spontaneous trading decisions based on the current market situation from moment to moment is a losing strategy for an intraday trader. The material has been provided by InstaForex Company - www.instaforex.com

Trade Review and Advice on Trading the EuroThe first test of the 1.1712 price occurred when the MACD indicator had already moved well below the zero mark, which limited the pair's downside potential. For this reason, I did not sell the euro. The second test of this price occurred when the MACD entered the oversold area, enabling the implementation of buy scenario #2 and resulting in a 20-pip rise for the pair. Last Friday, the US dollar came under pressure due to an unexpected drop in the University of Michigan Consumer Sentiment Index. This indicator, which reflects the public's outlook on economic conditions, fell to a level of 55 (versus a forecasted rise to 58), sparking concerns about a possible reduction in future consumer spending. This weighed on the dollar's position. Despite the temporary weakness, the long-term outlook for this indicator remains positive, and the dollar's dynamics in the coming days will be determined by the Federal Reserve's interest rate decision. Today, only the eurozone trade balance and the Bundesbank's monthly report are due on the macro calendar. Even weak data are unlikely to trigger a major euro sell-off. Later, ECB President Christine Lagarde's remarks will be in focus. If the trade balance figures show further deterioration, this may intensify concerns about the competitiveness of the European economy and its resilience to external shocks—especially following the US introduction of trade tariffs. Particular attention will be paid to energy import dynamics, which have been a significant drag on the eurozone's trade balance. The Bundesbank's monthly report, in turn, will provide a more detailed review of the German economy, the key growth engine for the whole region. Comments from the Bundesbank on inflation, interest rates, and economic prospects can influence short-term euro fluctuations, but are unlikely to bring about significant shifts in market sentiment. The main event of the day will undoubtedly be Christine Lagarde's speech. Investors will carefully watch her comments for signals regarding the ECB's further policy strategy. As for the intraday strategy, I will focus more on implementing scenarios #1 and #2. Buy ScenarioScenario #1: Today, I will consider buying the euro around the 1.1738 level (green line on the chart), targeting a rise to 1.1772. At 1.1772, I plan to exit longs and possibly sell the euro in the opposite direction for a move of 30-35 pips from the entry point. Euro upside should only be expected after strong data. Important! Before buying, ensure the MACD indicator is above the zero line and beginning to rise from it. Scenario #2: I also plan to buy the euro today if there are two consecutive tests of the 1.1722 level while the MACD indicator is in the oversold area. This will limit the pair's downside potential and trigger a reversal upwards. Growth can be expected at the opposite levels of 1.1738 and 1.1772. Sell ScenarioScenario #1: I plan to sell the euro after it reaches the 1.1722 level (red line on the chart). The target will be 1.1691, at which I will exit shorts and consider buying immediately in the opposite direction (expecting a 20–25 pip rebound from the level). Downside pressure on the pair should return on weak data. Important! Before selling, ensure the MACD indicator is below the zero line and beginning to decline from it. Scenario #2: I also plan to sell the euro today if there are two consecutive tests of the 1.1738 level while the MACD indicator is in the overbought area. This will limit the pair's upside potential and prompt a reversal downwards. Declines can be expected at the opposite levels of 1.1722 and 1.1691. What's on the Chart:Thin green line – entry price at which the instrument can be bought. Thick green line – suggested price for taking profit or manually securing profits, as further growth above this level is unlikely. Thin red line – entry price at which the instrument can be sold. Thick red line – suggested price for taking profit or manually securing profits, as further decline below this level is unlikely. MACD indicator: When entering the market, it is important to refer to overbought and oversold areas. Important. Beginner forex traders should exercise extreme caution when making entry decisions. Before important fundamental reports, it is best to stay out of the market to avoid sharp price swings. If you decide to trade during the release of news, always use stop-loss orders to minimize losses. Without stop-losses, you can quickly lose your entire deposit, especially if you don't use money management and trade large volumes. And remember: for successful trading, you need a clear trading plan, as I described above. Making spontaneous trading decisions based on the current market situation from moment to moment is a losing strategy for an intraday trader. The material has been provided by InstaForex Company - www.instaforex.com

Recent PEPE price performance has not lived up to the explosive rallies that the meme coin has become known by, slowing down over the last year. However, with the move toward the last quarter of the year, the meme coin’s luck looks to be turning after staging an over 10% rally over the weekend. The possibility of the PEPE price rally continuing is now even higher after the formation of a falling wedge pattern that points toward more bullish movements. PEPE Price Shows Bullishness With Falling Wedge Pattern A pseudonymous crypto analyst on the TradingView website has painted a rather bullish picture for the PEPE price in the near term. According to the analysis shared, the first sign of bullishness has been the emergence of a falling wedge pattern, something that indicates that the meme coin is incredibly bullish from here. As the crypto analyst explains, falling wedge pattern formations have historically been known as one of the better and reliable bullish reversal setups. Thus, it is expected that it would play out in a similar manner for the PEPE meme coin, eventually leading to double-digit price gains. One major thing that the falling wedge pattern indicates is that sellers are running out of steam. Once this happens, demand has time to pick up, and this leads to the first stage of the reversal, as seen over the weekend. As long as volume continues to hold up high, then this pattern could see a confirmation. Once confirmed, the next step is the PEPE price going on a major rally. This is where the real fun begins, because the falling wedge pattern signals the start of another breakout. As more investors pile into the meme coin, the possibility of this rally starting becomes higher. How High Will The Price Go? If the breakout is confirmed, then the crypto analyst is already calling this a high-reward trading opportunity for investors. It is expected that the PEPE price will rise above $0.000018 as a result of this move, which would mean an over 60% increase in the price. Furthermore, there is the possibility of a bullish continuation, and in this case, the price could see up to a 90% increase, and even double in the best-case scenario. However, a rally to an all-time high will remain elusive unless bullish momentum continues to rise and buyers are able to take full control of the price.

This is a follow-up analysis and a timely update of our prior publication, “Gold (XAU/USD) Technical: Overbought but bullish acceleration trend remains intact”, published last Tuesday, 9 September 2025. The price actions of Gold (XAU/USD) have traded sideways and managed to hold above the US$3,600 short-term pivotal support highlighted in our previous report. The latest speculative positioning and flows data in the gold futures market and exchange-traded funds are net positive, in turn, supporting the current short-term bullish acceleration trend of Gold (XAU/USD) since the bullish breakout above its former all-time high of US$3,500 on 2 September 2025. Let’s examine these positioning and flow data in greater detail. Net long speculative positions in gold futures have not reached extreme levels Fig. 1: Commitments of Trader large speculators' net positioning in Gold futures as of 9 September 2025 (Source: Macro Micro) Based on the latest Commitments of Traders (COT) data as of 9 September 2025 (compiled by MacroMicro), the aggregate net long positions of large speculators in NYMEX gold futures, after offsetting the positions of commercial hedgers, have climbed to +535,115 contracts, extending a steady four-month increase from +354,079 on 29 April 2025 (see Fig. 1). Net speculative flows, primarily from hedge funds, are often contrarian indicators; elevated positioning can trigger an opposite move in prices if market data or news disappoints. However, with the current net long positioning still about 20% below the five-year high of +655,096 contracts recorded on 24 September 2024, the short-term bullish trend in Gold (XAU/USD) appears to have more room to run, as positioning has yet to reach levels that typically prompt profit-taking. Gold ETFs' net inflows have recovered from a 2-month low Fig. 2: Weekly cumulative Gold ETF flows as of 5 September 2025 (Source: Macro Micro) In addition to steady gold bullion purchases by central banks since 2022, institutional and retail demand through exchange-traded funds (ETFs) has gained momentum since May 2025, further reinforcing investor appetite for the precious metal. Total regional gold ETF flows have recovered from a net outflow of -5.17 tonnes for the week ending 22 August 2025 to a net inflow of 36.49 tonnes for the week ending 5 September 2025 (see Fig. 2). An improvement in the cumulative weekly gold ETF flows suggests a pick-up in demand from institutions and retail investors, in turn, supporting the short to medium-term uptrend phases of Gold (XAU/USD) Let’s now examine the short-term (1 to 3 days) trajectory of Gold (XAU/USD) and its key levels to watch ahead of this week’s key US Federal Reserve monetary policy decision, latest economic projections, and Fed Chair Powell’s press conference. Fig. 3: Gold (XAU/USD) minor trend as of 15 September 2025 (Source: TradingView) Preferred trend bias (1-3 days) Maintain bullish bias with a key short-term pivotal support at US$3,600 for Gold (XAU/USD). A clearance above US$3,665/3,675 intermediate resistance increases the odds of another leg of bullish impulsive up move sequence for the next intermediate resistances to come in at US$3,687, followed by US$3,725 (also a Fibonacci extension cluster) (see Fig. 3). Key elements The price actions of Gold (XAU/USD) have continued to oscillate within a minor ascending channel from its 22 August 2025 low, with its upper boundary of the ascending channel projected to come at US$3,725, and its lower boundary, now acting as a key intermediate support at US$3,600.The hourly MACD trend indicator has managed to find support at around the centreline, and it has now flashed out an impending bullish crossover signal. These observations suggest that the minor bullish acceleration phase for Gold (XAU/USD) remains intact.Alternative trend bias (1 to 3 days) A break below the US$3,600 key short-term support on Gold (XAU/USD) invalidates the bullish tone to trigger a deeper minor corrective decline towards the next intermediate supports at US$3,561 and US$3,536. 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.

During the day, the US dollar ceded ground to the euro, the pound, and other risk assets at the end of last week. However, this did not lead to a major shift in the balance of power in the market. A sharp drop in the University of Michigan Consumer Sentiment Index weakened the US dollar. The index, which tracks consumer expectations regarding the economy, fell to 55 points. This raised concerns about a potential decrease in consumer spending in the future, putting pressure on the dollar. Lower consumer confidence also heightened fears of a possible slowdown in US economic growth. Consumer spending is a key driver of the American economy, and its decline could negatively impact GDP. Today, the only notable data expected are the eurozone trade balance figures and the Bundesbank's monthly report. Later in the evening, ECB President Christine Lagarde will speak, but she is unlikely to touch on monetary policy topics. Typically, the Bundesbank's monthly report provides an in-depth analysis of the current state of the German economy, which is the engine of the entire eurozone. Traders will scrutinize comments on inflation, economic growth prospects, and the impact of external factors such as geopolitical tensions and supply chain disruptions. Special attention will be paid to the section on the state of the industrial sector and its outlook during the trade crisis, as this can give an idea of the future for the broader economy. Lagarde's speech will also attract attention. Investors are eager to hear clear signals from the ECB chief about future monetary policy, although, in my opinion, everything necessary was already said last week, so we're unlikely to hear anything new. If the data matches economists' expectations, it's best to act based on a Mean Reversion strategy. If the data comes in much higher or lower than anticipated, the best option is a Momentum strategy. Momentum Strategy (Breakout):EUR/USDBuying a breakout above 1.1745 could lead to euro gains toward 1.1778 and 1.1813Selling on a break below 1.1710 could send the euro down to 1.1690 and 1.1660GBP/USDBuying a breakout above 1.3575 could push the pound toward 1.3600 and 1.3620Selling on a break below 1.3555 could send the pound down to 1.3525 and 1.3495USD/JPYBuying a breakout above 147.55 could drive the dollar up to 147.84 and 148.13Selling on a break below 147.30 could trigger a sell-off of the dollar to 146.95 and 146.60Mean Reversion Strategy (Pullbacks): EUR/USDLook to sell after an unsuccessful breakout above 1.1744 if the price returns below this levelLook to buy after an unsuccessful breakout below 1.1719 if the price returns above this level GBP/USDLook to sell after an unsuccessful breakout above 1.3575 if the price falls back below this levelLook to buy after an unsuccessful breakout below 1.3542 if the price climbs back above this level AUD/USDLook to sell after an unsuccessful breakout above 0.6674 if the price returns below this levelLook to buy after an unsuccessful breakout below 0.6642 if the price returns above this level USD/CADLook to sell after an unsuccessful breakout above 1.3850 if the price falls back below this levelLook to buy after an unsuccessful breakout below 1.3827 if the price climbs back above this levelThe material has been provided by InstaForex Company - www.instaforex.com

[USDX] – [Monday, 15 September 2025] Today, USDX has a potential to weaken due to a Death Cross between the EMA(50) and EMA(200), and the RSI being in the Neutral-Bearish area. Key Levels 1. Resistance. 2 : 98.00 2. Resistance. 1 : 97.79 3. Pivot : 97.63 4. Support. 1 : 97.42 5. Support. 2 : 97.26 Tactical Scenario Pressure Zone: If the price breaks down and closes below 97.42, there is potential for continued weakening towards 97.26. Momentum Extension Bias: If 97.26 is broken and closed below, the next level to be tested could be 97.05. Invalidation Level / Bias Revision The downside bias is restrained if #USDX strengthens, breaks, and closes above 98.00 Technical Summary EMA(50) : 97.62 EMA(200): 97.68 RSI(14) : 39.41 Economic News Release Agenda: Today, there is only one economic data release from the United States: the Empire State Manufacturing Index at 19:30 WIB. The material has been provided by InstaForex Company - www.instaforex.com

[Crude Oil] – [Monday, 15 September 2025] Although the RSI is in the Neutral-Bullish area, the position of the EMA(50) being below the EMA(200) could lead to weakness today. Key Levels 1. Resistance. 2 : 65.00 2. Resistance. 1 : 63.80 3. Pivot : 62.74 4. Support. 1 : 61.54 5. Support. 2 : 60.48 Tactical Scenario Pressure Zone: If the price breaks down and closes below 61.54, #CL could move lower towards 60.48. Momentum Extension Bias: If 60.48 is broken and closed below, there is potential to test the 59.28 level. Invalidation Level Invalidation / Bias Revision The downside bias is restrained if #CL strengthens, breaks, and closes above 65.00. Technical Summary EMA(50) : 62.78 EMA(200): 62.90 RSI(14) : 59.70 Economic News Release Agenda: Today, there is only one economic data release from the United States: the Empire State Manufacturing Index at 19:30 WIB. The material has been provided by InstaForex Company - www.instaforex.com

BNB price is gaining pace above the $920 zone. The price is now showing positive signs and might aim for a move above the $950 level in the near term. BNB price started a fresh increase above the $900 and $920 levels. The price is now trading above $920 and the 100-hourly simple moving average. There is a key bullish trend line forming with support at $925 on the hourly chart of the BNB/USD pair (data source from Binance). The pair must stay above the $910 level to start another increase in the near term. BNB Price Eyes More Gains BNB price formed a base above the $880 level and started a fresh increase, beating Ethereum and Bitcoin. There was a steady move above the $892 and $920 levels. The bulls even cleared the $935 resistance zone. A new all-time high was formed at $950 and the price is now consolidating gains. There was a minor decline below the 23.6% Fib retracement level of the upward move from the $871 swing low to the $950 high. The price is now trading above $920 and the 100-hourly simple moving average. Besides, there is a key bullish trend line forming with support at $925 on the hourly chart of the BNB/USD pair. On the upside, the price could face resistance near the $935 level. The next resistance sits near the $942 level. A clear move above the $942 zone could send the price higher. In the stated case, BNB price could test $950. A close above the $950 resistance might set the pace for a larger move toward the $965 resistance. Any more gains might call for a test of the $1,000 handle in the near term. Downside Correction? If BNB fails to clear the $935 resistance, it could start another decline. Initial support on the downside is near the $920 level. The next major support is near the $910 level or the 50% Fib retracement level of the upward move from the $871 swing low to the $950 high. The main support sits at $900. If there is a downside break below the $900 support, the price could drop toward the $888 support. Any more losses could initiate a larger decline toward the $872 level. Technical Indicators Hourly MACD – The MACD for BNB/USD is gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BNB/USD is currently above the 50 level. Major Support Levels – $925 and $910. Major Resistance Levels – $935 and $950.

Macroeconomic Report Analysis: No macroeconomic reports are scheduled for Monday—not in Germany, the UK, the EU, or the US. Recall that during the first two weeks of September, traders had a fairly rich flow of macroeconomic data at their disposal. Almost all of them showed that the US economy continues to deteriorate. Only GDP is rising, and that's artificially. How much longer it will keep growing on the back of Trump's trade war is unknown. In any case, market participants have a low opinion of the results delivered by the new US administration. Fundamental Events Analysis: The only fundamental event on Monday is a speech by ECB President Christine Lagarde. However, it's worth noting that the latest ECB meeting took place just this Thursday. No important decisions were made. The central bank hinted that the next key rate cut may not happen soon, as there are no reasons for it now. The central bank remains concerned about accelerating inflation due to the trade war, but it does not anticipate significant inflationary pressures in the medium term. There are no reasons to lower rates, since inflation remains around 2% and the risks are to the upside. The ECB will only resume monetary policy easing if inflation starts to slow below 2%. General Conclusions:During the first trading day of the week, both currency pairs may resume upward movement, but new buy signals are needed for this. For the euro, if it breaks through the 1.1737–1.1745 area, growth toward the 1.1808 target will continue. A bounce from 1.1737–1.1745 would allow considering shorts, but without a substantial decline. For the pound sterling, a bounce from 1.3529–1.3543 or a break above 1.3574–1.3590 would allow the opening of long positions, while consolidation below 1.3529–1.3543 would allow for shorts. In both cases, long positions are preferable. Monday may turn out to be quite a boring day with flat movement and low volatility. Key Rules for the Trading System:Signal Strength: The shorter the time it takes for a signal to form (a rebound or breakout), the stronger the signal.False Signals: If two or more trades near a level result in false signals, subsequent signals from that level should be ignored.Flat Markets: In flat conditions, pairs may generate many false signals or none at all. It's better to stop trading at the first signs of a flat market.Trading Hours: Open trades between the start of the European session and the middle of the US session, then manually close all trades.MACD Signals: On the hourly timeframe, trade MACD signals only during periods of good volatility and a clear trend confirmed by trendlines or trend channels.Close Levels: If two levels are too close (5–20 pips apart), treat them as a support or resistance zone. Stop Loss: Set a Stop Loss to breakeven after the price moves 15–20 pips in the desired direction.Key Chart Elements:Support and Resistance Levels: These are target levels for opening or closing positions and can also serve as points for placing Take Profit orders. Red Lines: Channels or trendlines indicating the current trend and the preferred direction for trading. MACD Indicator (14,22,3): A histogram and signal line used as a supplementary source of trading signals. Important speeches and reports, which are consistently featured in the news calendar, can significantly influence the movement of a currency pair. Therefore, during their release, it is advisable to trade with caution or consider exiting the market to avoid potential sharp price reversals against the prior trend. Beginners in the Forex market should understand that not every transaction will be profitable. Developing a clear trading strategy and practicing effective money management are crucial for achieving long-term success in trading. The material has been provided by InstaForex Company - www.instaforex.com

Friday Trade Review:1H Chart of GBP/USD On Friday, the GBP/USD pair also showed absolutely no interesting movement. Throughout the day, the pair was stuck between two areas: 1.3529–1.3543 and 1.3574–1.3590. On the hourly timeframe, an upward trend persists, but at this point, it's not possible to draw a local ascending trendline, and the market is in no hurry to develop the uptrend. The British pound remains very close to its highs of the past several years, and there are plenty of reasons for the US dollar to fall. Nevertheless, in recent weeks, we have observed low volatility, which is the main reason for the lack of solid trending movement. On Friday, relatively important reports were published in the UK, but they attracted no one's interest. July GDP remained unchanged, while industrial production decreased by 0.9%. These data could have prompted a decline in the British pound, but the market preferred not to react at all. The US consumer sentiment report could have triggered a drop in the dollar, and it did—by about 20 pips. The whole day was a sideways movement. 5M Chart of GBP/USD On the 5-minute timeframe, four buy signals formed on Friday in the same 1.3529–1.3543 area. In each instance, the pair advanced 15–25 pips upward. Thus, it was extremely difficult to profit from any of these trades. Only in the first case did the price manage to reach the nearest target level of 1.3574, which was just 30 pips away. Flat is flat. How to Trade on Monday:On the hourly timeframe, the GBP/USD pair shows signs of a renewed uptrend, and on higher timeframes, the upward trend remains. As we have said before, we see no grounds for the US dollar to grow in the medium term, so we expect further gains for the British currency. On Monday, the GBP/USD pair may try to continue moving north. However, at this time, it remains squeezed between the 1.3529–1.3543 and 1.3574–1.3590 areas, with market volatility quite low. There will be no important events on Monday, so volatility may again be very weak. On the 5-minute timeframe, you can now trade around the following levels: 1.3102–1.3107, 1.3203–1.3211, 1.3259, 1.3329–1.3331, 1.3413–1.3421, 1.3466–1.3475, 1.3529–1.3543, 1.3574–1.3590, 1.3643–1.3652, 1.3682, 1.3763. On Monday, there are no interesting events or reports scheduled in either the UK or the US. Thus, traders will have little to react to during the day, and the pair's movements may again leave much to be desired. Core Trading System Rules:Signal Strength: The shorter the time it takes for a signal to form (a rebound or breakout), the stronger the signal.False Signals: If two or more trades near a level result in false signals, subsequent signals from that level should be ignored.Flat Markets: In flat conditions, pairs may generate many false signals or none at all. It's better to stop trading at the first signs of a flat market.Trading Hours: Open trades between the start of the European session and the middle of the US session, then manually close all trades.MACD Signals: On the hourly timeframe, trade MACD signals only during periods of good volatility and a clear trend confirmed by trendlines or trend channels.Close Levels: If two levels are too close (5–20 pips apart), treat them as a support or resistance zone.Stop Loss: Set a Stop Loss to breakeven after the price moves 20 pips in the desired direction.Key Chart Elements:Support and Resistance Levels: These are target levels for opening or closing positions and can also serve as points for placing Take Profit orders. Red Lines: Channels or trendlines indicating the current trend and the preferred direction for trading. MACD Indicator (14,22,3): A histogram and signal line used as a supplementary source of trading signals. Important Events and Reports: Found in the economic calendar, these can heavily influence price movements. Exercise caution or exit the market during their release to avoid sharp reversals. Forex trading beginners should remember that not every trade will be profitable. Developing a clear strategy and practicing proper money management are essential for long-term trading success. The material has been provided by InstaForex Company - www.instaforex.com

Friday Trade Review:1H Chart of EUR/USD The EUR/USD currency pair showed absolutely no interesting movements on Friday. Only two reports throughout the day could have theoretically attracted traders' attention. In the morning, Germany released the second estimate of the consumer price index for August. Unsurprisingly, the second estimate matched the first, prompting no market reaction. In the second half of the day, the US Consumer Sentiment Index was released, which declined noticeably compared to August, from 58.2 points to 55.4 points. This report could have triggered a drop in the dollar, but it didn't. The day's total volatility was 45 pips, which eloquently speaks to traders' current willingness to participate in the market. Recall that low volatility has now been observed for about a month. It can't be said that there were no movements during this period, but in most cases, they were extremely weak. Currently, the uptrend remains on the hourly timeframe, as indicated by the trendline, but the dollar, despite having reasons, is in no hurry to keep falling. 5M Chart of EUR/USD On the 5-minute TF on Friday, two sell signals were formed, both bounces from the 1.1737-1.1745 area. Due to very low volatility, the target level of 1.1666 was not reached and did not even stand a chance of being fulfilled. Deals could only be closed at a profit manually. For both trades, you could have set the Stop Loss to breakeven to avoid any possible losses. How to Trade on Monday:On the hourly timeframe, the EUR/USD pair has every chance to resume the uptrend that has been forming since the start of this year. Both the fundamental and macroeconomic backgrounds remain bad for the US dollar, so we still do not expect a strengthening of the American currency. In our view, as before, the US currency can only count on technical corrections. However, a consolidation below the trendline could trigger a new wave of technical declines in the pair. On Monday, the EUR/USD pair may continue a weak northward movement, as the trend remains upward. However, for new long positions, the 1.1737-1.1745 area must be overcome. The target is 1.1808. On the 5-minute TF, consider the following levels: 1.1198-1.1218, 1.1267-1.1292, 1.1354-1.1363, 1.1413, 1.1455-1.1474, 1.1527, 1.1571-1.1584, 1.1655-1.1666, 1.1737-1.1745, 1.1808, 1.1851, 1.1908. On Monday, ECB President Christine Lagarde is scheduled to speak in the Eurozone, but we do not expect any significant statements from the head of the central bank. The ECB met just a couple of days ago, and Lagarde has already provided all the necessary information to the markets. Most likely, we are in for another "boring Monday." Core Trading System Rules:Signal Strength: The shorter the time it takes for a signal to form (a rebound or breakout), the stronger the signal.False Signals: If two or more trades near a level result in false signals, subsequent signals from that level should be ignored.Flat Markets: In flat conditions, pairs may generate many false signals or none at all. It's better to stop trading at the first signs of a flat market.Trading Hours: Open trades between the start of the European session and the middle of the US session, then manually close all trades.MACD Signals: On the hourly timeframe, trade MACD signals only during periods of good volatility and a clear trend confirmed by trendlines or trend channels.Close Levels: If two levels are too close (5–20 pips apart), treat them as a support or resistance zone.Stop Loss: Set a Stop Loss to breakeven after the price moves 15 pips in the desired direction.Key Chart Elements:Support and Resistance Levels: These are target levels for opening or closing positions and can also serve as points for placing Take Profit orders. Red Lines: Channels or trendlines indicating the current trend and the preferred direction for trading. MACD Indicator (14,22,3): A histogram and signal line used as a supplementary source of trading signals. Important Events and Reports: Found in the economic calendar, these can heavily influence price movements. Exercise caution or exit the market during their release to avoid sharp reversals. Forex trading beginners should remember that not every trade will be profitable. Developing a clear strategy and practicing proper money management are essential for long-term trading success. The material has been provided by InstaForex Company - www.instaforex.com

XRP price gained pace for a move above the $3.120 resistance. The price is now correcting gains and might start another increase above $3.080. XRP price is consolidating gains and facing hurdles near the $3.080 resistance. The price is now trading below $3.060 and the 100-hourly Simple Moving Average. There was a break below a key bullish trend line with support at $3.080 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could continue to rise if it stays above the $3.00 zone. XRP Price Eyes Upside Break XRP price managed to stay above the $3.00 level and started a fresh increase, beating Bitcoin and Ethereum. The price climbed above the $3.050 and $3.120 resistance levels. The bulls even pumped the price above the $3.150 level. A high was formed at $3.1865 and the price recently corrected some gains. There was a drop below the 50% Fib retracement level of the upward move from the $2.9365 swing low to the $3.186 high. Besides, there was a break below a key bullish trend line with support at $3.080 on the hourly chart of the XRP/USD pair. However, the bulls are active above the $3.00 level. The price is now trading below $3.060 and the 100-hourly Simple Moving Average. If the bulls protect the $3.00 support, the price could attempt another increase. On the upside, the price might face resistance near the $3.0620 level. The first major resistance is near the $3.080 level. A clear move above the $3.080 resistance might send the price toward the $3.120 resistance. Any more gains might send the price toward the $3.180 resistance. The next major hurdle for the bulls might be near $3.250. More Downsides? If XRP fails to clear the $3.0620 resistance zone, it could continue to move down. Initial support on the downside is near the $3.00 level and the 76.4% Fib retracement level of the upward move from the $2.9365 swing low to the $3.186 high. The next major support is near the $2.9350 level. If there is a downside break and a close below the $2.9350 level, the price might continue to decline toward $2.90. The next major support sits near the $2.880 zone, below which the price could gain bearish momentum. Technical Indicators Hourly MACD – The MACD for XRP/USD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $3.00 and $2.9350. Major Resistance Levels – $3.0620 and $3.120.

On Friday and this morning, the euro quote remains within Thursday's range. Since September 8, the price has been coiling around the MACD indicator line, which is sloping downward. The Marlin oscillator is tending downward, even while in positive territory. The euro is under market pressure ahead of the Fed meeting. A similar sideways movement has been seen on the S&P 500 and government bond yields over the past week — markets are awaiting the Fed's monetary policy decision. Our previously stated forecast calls for a decline in the euro, since, along with a rate cut, the FOMC is also expected to send a hawkish signal — there will be no three cuts by year-end, and even a second cut is in question, as Trump's tariffs have not yet been absorbed by inflation. Target levels are indicated on the chart: 1.1632, 1.1495, 1.1392. The market may come alive tomorrow when ZEW economic sentiment data for the eurozone and US retail sales are released. On the four-hour chart, the price is moving within the 1.1700/48 range, formed by the MACD line and Friday's high. The Marlin oscillator forms a wedge pattern pointing downward, suggesting the price will attempt to stay below the MACD line (1.1700). The material has been provided by InstaForex Company - www.instaforex.com

On the daily chart, the British pound has consolidated above the MACD line. With the Marlin oscillator developing in the positive zone, the target at 1.3631 becomes relevant. However, this outlook may be deceptive, since the signal line of the Marlin oscillator is at the upper boundary of the descending channel. A downward movement is possible, even breaking below its lower boundary. A move and consolidation below the 1.3525 level would also mean consolidation below the MACD line, making the 1.3364 target realistic rather than a false one (as opposed to 1.3631). On the four-hour chart, the price remains within the range of the September 9–11 extremes and the MACD line (1.3493–1.3589), with upward pressure. However, the Marlin oscillator is not advancing (not growing), instead maintaining a wait-and-see stance on the zero neutral line (anticipating the Fed meeting). The material has been provided by InstaForex Company - www.instaforex.com

On the weekly chart, the price has reached the upper boundary of the descending price channel. From here, there are two options: either a breakout upward from the current levels with the possibility of medium-term growth, or a reversal downward from the current levels for a medium-term decline. A divergence between the price and the Marlin oscillator suggests a higher probability of the downside scenario. On the daily chart, consolidation below the July peak (0.6627) will be the first signal of a reversal. The Marlin oscillator is already indicating further downside. A break above 0.6668 opens the way to growth (alternative scenario). Consolidation below the MACD line on the four-hour chart (0.6610) will be a confirming signal of a price reversal. The main driver for growth or decline will be the Fed's decision on monetary policy on September 17. We are waiting. The material has been provided by InstaForex Company - www.instaforex.com

Ethereum price started a fresh increase and climbed above $4,700. ETH is now correcting gains and might aim for another increase if it clears $4,685. Ethereum is now eyeing an upside break above the $4,650 zone. The price is trading above $4,550 and the 100-hourly Simple Moving Average. There was a break below a key bullish trend line with support at $4,660 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it settles above $4,650 and $4,685. Ethereum Price Eyes Fresh Increase Ethereum price started a fresh increase after it formed a base above the $4,350 zone, like Bitcoin. ETH price was able to climb above the $4,550 and $4,650 resistance levels. The price even climbed above $4,700. A high was formed at $4,765 and the price is now consolidating gains. There was a minor pullback below the 23.6% Fib retracement level of the upward move from the $4,268 swing low to the $4,765 high. Besides, there was a break below a key bullish trend line with support at $4,660 on the hourly chart of ETH/USD. Ethereum price is now trading above $4,550 and the 100-hourly Simple Moving Average. On the upside, the price could face resistance near the $4,650 level. The next key resistance is near the $4,685 level. The first major resistance is near the $4,700 level. A clear move above the $4,700 resistance might send the price toward the $4,750 resistance. An upside break above the $4,750 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $4,820 resistance zone or even $4,880 in the near term. Another Drop In ETH? If Ethereum fails to clear the $4,685 resistance, it could start a fresh decline. Initial support on the downside is near the $4,550 level. The first major support sits near the $4,520 zone and the 50% Fib retracement level of the upward move from the $4,268 swing low to the $4,765 high. A clear move below the $4,520 support might push the price toward the $4,420 support. Any more losses might send the price toward the $4,350 pivot level in the near term. The next key support sits at $4,270. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $4,550 Major Resistance Level – $4,685