Redator

Ariana Resources (AIM: AAU) (ASX: AA2) officially entered the Australian capital markets on Wednesday with an A$11 million ($7.3m) capital raise. About 39.2 million Chess Depositary Interests, each representing 10 underlying shares of the company, were sold in its ASX debut a price of A$0.28 per CDI. The dual-listing, the London-based gold miner says, would help raise the profile of the company, in particular its 100%-owned Dokwe project in Zimbabwe, with the benefit of an extended shareholder base and enhanced liquidity. “Gold companies listed on the ASX have attracted significant investor interest of late. As such, we believe that the listing will help enable the company to achieve a more attractive valuation in respect of its major development-stage Dokwe gold project,” managing director Dr. Kerim Sener commented. Dokwe is hailed as the largest undeveloped gold project in Zimbabwe, with an estimated resource of over 1 million oz. A pre-feasibility study released this year outlined an open-pit mine operation capable of producing 65,000 oz. of gold annually over a 13-year period. The PFS mine plan was based solely on the Dokwe North deposit and excludes the smaller Dokwe Central deposit, which occupies a separate structural domain. The deposits are situated about 110km west of Bulawayo, within the western continuation of the Bulawayo-Bubi greenstone belt. The economic results are highlighted by a post-tax net present value (discounted at 10%) of $354 million and an internal rate of return of 75%, using a gold price of $2,750/oz. The project’s all-in sustaining cost is $1,144/oz. A capital investment of $82 million is required to build the mine, and the expected payback period is 1.8 years from the start of production. This PFS incorporates a revised financial model over a previous study in 2022, accounting for the rise in gold prices in recent years. With this, Ariana is currently working on the frameworks of a definitive feasibility study, targeting annual production of 100,000 oz. over at least 10 years. Dr. Sener said the company’s strategy is to continue its work to progress the Dokwe gold project during positive and dynamic economic times, in reference to the significant growth in gold demand expected in the coming years. In addition to Dokwe, Ariana also holds two gold-silver projects in Turkey, as well as interests in exploration projects in Cyprus and Kosovo. It has also invested in several early-stage exploration projects through its Australian subsidiary Asgard Metals.

The wave pattern for GBP/USD continues to point to the formation of a bullish impulsive wave structure. The wave picture is almost identical to that of EUR/USD, since the only "culprit" remains the dollar. Demand for the dollar is falling across the market (in the medium term), which is why many instruments show almost the same dynamics. At this stage, wave 4 is likely complete. If so, the rise of the instrument will continue within the framework of impulsive wave 5. Wave 4 could take on a five-wave form, but this is not the most likely scenario. It should be remembered that much on the currency market now depends on Donald Trump's policies—not only trade-related ones. From time to time, positive news comes from the U.S., but the market constantly factors in complete economic uncertainty, Trump's contradictory decisions and statements, and the White House's hostile and protectionist stance. Global tensions remain high, and the U.S. economy continues to face difficulties. The GBP/USD exchange rate fell by only 20 basis points on Tuesday, and on Wednesday gained the same 20 points. Yesterday, the key Nonfarm Payrolls report was released, which pleased absolutely no one—least of all the Fed. If the U.S. central bank under Jerome Powell was hoping for at least some positive signals from the labor market, that hope was in vain. The labor market continues to "cool," and how much longer it will do so under the pressure of Donald Trump's protectionist policies is unknown. The wave pattern remains clear and does not allow for alternative scenarios. We saw a clear three-wave correction, after which an impulsive five-wave trend segment should follow. Donald Trump continues to demand that the Fed cut interest rates, but Powell and his colleagues no longer have the option to resist Trump's calls, as they are bound to fulfill both of their mandates: full employment and price stability. The labor market is deteriorating month by month, forcing the regulator to resume a monetary easing cycle to stimulate job creation. Not because Trump wants it, but because the Fed has no other choice. No matter how one views the news background, finding anything positive for the U.S. currency is extremely difficult. Based on this, I continue to expect higher GBP/USD quotes. I would remind readers that there are situations when the news background contradicts the wave picture. At present, however, everything aligns almost perfectly. The pound is rising slowly, but why should it—or its buyers—rush? The pound holds all the cards, while the dollar has only low-value ones. And since this is not a poker game, those cards bring no benefit to the U.S. currency. General conclusions The wave pattern for GBP/USD remains unchanged. We are dealing with a bullish impulsive trend segment. Under Donald Trump, the markets may face many more shocks and reversals that could significantly affect the wave picture, but for now the main scenario remains intact. The targets of the upward trend segment are now located near 1.4017. At present, I assume that the construction of corrective wave 2 within wave 5 has been completed. Therefore, I still recommend buying with a target of 1.4017. Key principles of my analysis: Wave structures should be simple and clear. Complex structures are difficult to trade and often lead to changes.If there is no confidence in what is happening in the market, it is better not to enter.Absolute certainty about the direction of movement never exists. Always remember protective Stop Loss orders.Wave analysis can be combined with other forms of analysis and trading strategies.The material has been provided by InstaForex Company - www.instaforex.com

The wave pattern on the 4-hour chart for EUR/USD has remained unchanged for several months, which is encouraging. Even when corrective waves form, the overall structure is preserved. This allows for accurate forecasts. It should be noted that the wave pattern does not always look textbook-like. At present, however, it looks very clear. The formation of the upward trend segment continues, while the news background continues to support mostly not the dollar. The trade war initiated by Donald Trump continues. The confrontation with the Fed continues. Market "dovish" expectations are growing. Trump's "One Big Law" will add 3 trillion dollars to the U.S. national debt, and the U.S. president is regularly raising tariffs and introducing new ones. The market evaluates the results of Trump's first 6–7 months very poorly, even though economic growth in the second quarter reached 3%. At this point, it can be assumed that wave 4 has been completed. If that is indeed the case, then the formation of impulse wave 5 has begun, with targets extending up to the 1.2500 level. Of course, the corrective structure of wave 4 may still take on a longer, five-wave form, but I am proceeding from the most likely scenario. The EUR/USD exchange rate barely changed on Wednesday, while on Tuesday it lost as much as 50 points. I am surprised by such a drop in EUR/USD, although in fact it has no real impact and does not change anything. The formation of the upward trend segment, which began in January 2025, continues. The construction of the expected wave 5 of this trend segment continues. The wave pattern raises no doubts or questions. The market's sluggishness is somewhat discouraging, but demand for the U.S. currency is nonetheless falling, which is the desired outcome. Last week, reports on business activity, unemployment, and the labor market were released in the U.S. Tomorrow, the Consumer Price Index will be published. Let me remind readers that the Fed now focuses on three indicators, which the FOMC will take into account when making monetary policy decisions: inflation, unemployment, and the labor market. The three pillars of the economy. The labor market and unemployment reports showed results no one wanted to see, which increased the already 100% probability of a rate cut in September. And tomorrow, the inflation report will be released, which may at least slightly soften the dovish expectations that bode ill for the U.S. currency. But for that to happen, U.S. inflation in August would need to grow no stronger than forecasts, remain flat, or even decline. Should one expect such a scenario? Today, the U.S. Producer Price Index, which is part of the overall inflation gauge, was released. In August, producer prices fell by 0.1% versus a forecast of +0.3%. This does not necessarily mean that headline inflation will also slow. Last month, producer prices jumped almost 1%, which has not yet been reflected in the inflation data. Therefore, I tend to believe that the Consumer Price Index will rise in August to at least 2.9% year-on-year. General conclusions Based on the EUR/USD analysis, I conclude that the instrument continues to form an upward trend segment. The wave pattern remains entirely dependent on the news background tied to Trump's decisions and the foreign and domestic policy of the new Administration. The targets of the trend segment may extend up to the 1.2500 level. Accordingly, I continue to consider buying with initial targets around 1.1875, which corresponds to the 161.8% Fibonacci level, and higher. Key principles of my analysis: Wave structures should be simple and clear. Complex structures are difficult to trade and often lead to changes.If there is no confidence in what is happening on the market, it is better not to enter.Absolute certainty in the direction of movement never exists. Always remember protective Stop Loss orders.Wave analysis can be combined with other forms of analysis and trading strategies.The material has been provided by InstaForex Company - www.instaforex.com

The USD/CHF pair is struggling to maintain its recovery momentum after bouncing from 0.7915 — the lowest level since July 23 — balancing between moderate gains and minor losses. Prices remain below the psychological level of 0.8000, as market participants exercise caution ahead of key U.S. inflation data that could provide a notable impulse for the pair. During the North American session today, U.S. Producer Price Index (PPI) data will be released, followed by the Consumer Price Index (CPI) tomorrow. Since the market has already priced in a 25 basis point rate cut by the Federal Reserve at its upcoming meeting, these indicators will significantly shape expectations regarding the scope of future monetary easing. The results will serve as the main guide for short-term dollar fluctuations and determine the next stage of USD/CHF movement. At the same time, positive market dynamics are being restrained by rising geopolitical tensions and trade uncertainty. Israel has carried out an airstrike targeting Hamas leadership in Doha, the capital of Qatar. Meanwhile, Poland has raised the combat readiness of its air defense systems. In parallel, U.S. President Donald Trump has urged the European Union to impose 100% tariffs on imports from China and India, aiming to increase pressure on Russian President Vladimir Putin. These factors support the Swiss franc as a safe-haven currency, limiting the growth of USD/CHF. Today, it is also worth paying close attention to the speech by Swiss National Bank Chairman Martin Schlegel, as it may provide short-term market opportunities. Nevertheless, the above-mentioned fundamentals suggest waiting for stronger buying activity before confirming that spot prices have reached a short-term bottom. From a technical standpoint, oscillators on the daily chart are negative. Prices are trading below the 9-day EMA, which currently runs around the 0.8000 round level. Since the 9-day EMA is also positioned below the 14-day EMA, this indicates that prices are not yet ready for a broader upward move. Therefore, traders anticipating a reversal of the pair should exercise caution. The material has been provided by InstaForex Company - www.instaforex.com

Today, Wednesday, the GBP/JPY pair halted its pullback from 200.35, showing a solid intraday recovery from the weekly low recorded on Tuesday. The British pound continues to demonstrate relative strength against the Japanese yen, supported by the declining likelihood of an immediate rate cut by the Bank of England. At the same time, the yen is under pressure, as domestic political uncertainty in Japan temporarily complicates the normalization of the Bank of Japan's monetary policy. A generally positive market risk sentiment is also fueling growth in the GBP/JPY rate. However, persistent geopolitical risks and trade-related uncertainty may limit deeper weakening of the yen as a "safe-haven" currency. Moreover, investors are factoring in the possibility of a Bank of England rate hike toward the end of the year. In contrast, Bank of England Governor Andrew Bailey recently noted that interest rates may gradually decline over the long term. The divergence between the Bank of Japan and the Bank of England's policy outlook creates additional factors that could restrain significant growth in the GBP/JPY pair. Given the mixed nature of current fundamentals, traders focused on buying should exercise caution, especially in the absence of key economic news from the U.K. and Japan. For better trading opportunities, it may be prudent to wait for Friday's release of U.K. GDP data, which will have a significant impact on the pound and provide a strong impulse for the GBP/JPY rate. From a technical standpoint, oscillators on the daily chart are positive, with prices trading above the 9-day EMA. The fact that the 9-day EMA also remains above the 14-day EMA confirms the pair's positive outlook. The nearest resistance is at the round level of 200.00. After that, the pair could retest the September high at 200.35. If prices weaken and fall below the round level of 199.00, the nearest support lies at the 50-day SMA, followed by 198.40, on the way to the round level of 198.00. The material has been provided by InstaForex Company - www.instaforex.com

Trade review and tips for trading the Japanese yen The levels I indicated were not tested during the first half of the day. Low market volatility ahead of key data discouraged traders from acting more actively. This afternoon, August U.S. Producer Price Index (PPI) data will be released, including both the headline index and the version excluding volatile categories such as food and energy. A report on changes in wholesale inventories will also be published. These reports will serve as key indicators of inflationary trends in the U.S. economy and will strongly influence the Federal Reserve's next steps in monetary policy. Particular attention is paid to the core PPI, as it excludes highly volatile categories such as food and energy. Its dynamics will help provide a clearer picture of underlying inflation and how it translates into consumer prices. Data on wholesale inventories will help assess the balance between supply and demand across various consumer markets. An increase in inventories may signal slower economic expansion, while a decrease points to stronger consumer demand. The release of this data will have a significant impact on the U.S. dollar. As for intraday strategy, I will rely more on scenarios No. 1 and No. 2. Buy signal Scenario No. 1: Today, I plan to buy USD/JPY at the entry point around 147.59 (green line on the chart) with the target of rising to 148.29 (thicker green line on the chart). Around 148.29, I will exit purchases and open sales in the opposite direction (expecting a 30–35 point reversal from the level). A rise in the pair will only be possible after strong data.Important! Before buying, make sure the MACD indicator is above the zero line and has just started to rise from it. Scenario No. 2: I also plan to buy USD/JPY if the price of 147.32 is tested twice in a row, at a time when the MACD indicator is in oversold territory. This will limit the downward potential of the pair and lead to a reversal upward. Growth toward the opposite levels of 147.59 and 148.29 can then be expected. Sell signal Scenario No. 1: Today, I plan to sell USD/JPY after the level of 146.18 (red line on the chart) is updated, which will lead to a quick decline of the pair. The key target for sellers will be 145.61, where I will exit sales and immediately open purchases in the opposite direction (expecting a 20–25 point reversal from the level). Pressure on the pair will return today in case of weak data.Important! Before selling, make sure the MACD indicator is below the zero line and has just started to decline from it. Scenario No. 2: I also plan to sell USD/JPY if the price of 146.74 is tested twice in a row, at a time when the MACD indicator is in overbought territory. This will limit the upward potential of the pair and lead to a reversal downward. A decline toward the opposite levels of 146.18 and 145.61 can then be expected. What's on the chart: Thin green line – entry price for buying the instrument;Thick green line – estimated level to place Take Profit or lock in profit manually, as further growth above this level is unlikely;Thin red line – entry price for selling the instrument;Thick red line – estimated level to place Take Profit or lock in profit manually, as further decline below this level is unlikely;MACD indicator – when entering the market, it is important to consider overbought and oversold zones.Important. Beginner Forex traders must be very cautious when making entry decisions. Before major fundamental reports are released, it is best to stay out of the market to avoid sudden price swings. If you decide to trade during news releases, always place stop-loss orders to minimize losses. Without stop-losses, you can very quickly lose your entire deposit, especially if you don't use money management and trade with large volumes. And remember: for successful trading you must have a clear trading plan, like the one presented above. Spontaneous trading decisions based only on the current market situation are, from the outset, a losing strategy for an intraday trader. The material has been provided by InstaForex Company - www.instaforex.com

Gold, after reaching its high around 3,674 and its low at 3,619, made a technical correction to 61.8%, around 3,657. On the H4 chart, we see that gold is resuming its bearish cycle. However, we should expect the price to consolidate below 3,340, then we could see a continuation of the bearish movement that could reach the 8/8 Murray at 3,593. On the other hand, if the gold price consolidates below 3,660 and above 3,640, there will be an opportunity to buy and sell in this range. With a breakout of consolidation above 3,660, we could see the price return to the 3,671 level. It could even reach the key level of $3,700. The H1 chart is showing signs of oversold status, so the price of gold is likely to continue trading above 3,630, where the +1/8 Murray level is located, for the coming days. The material has been provided by InstaForex Company - www.instaforex.com

Trade review and tips for trading the British pound The test of 1.3527 coincided with the moment when the MACD indicator had already moved well below the zero line, which limited the pair's downward potential. The absence of U.K. statistics predictably put pressure on the pound in the first half of the day, but it did not lead to a larger correction of the pair. Investors remain in a wait-and-see mode, assessing the prospects of further moves by the Bank of England and the Federal Reserve on interest rates. Expectations regarding a possible rate cut at the upcoming meeting remain fairly muted, which supports the British currency. Technical analysis shows that GBP/USD continues to consolidate in a narrow range. In the second half of the day, U.S. data will be released on the Producer Price Index (PPI) for August, the core PPI excluding food and energy, and changes in wholesale inventories. If inflation slows, the pound will be able to strengthen against the dollar. Clearly, inflation figures will be the decisive factor in shaping the Federal Reserve's future strategy. If the PPI shows slower growth, especially in its core version, this will be interpreted as a signal of easing inflationary pressure. In such a scenario, the Fed may adopt a more dovish stance on interest rate hikes. However, if the data comes in above expectations—indicating that inflation remains persistent or is even intensifying—the Fed will likely continue with its aggressive policy. In this case, the dollar will strengthen, and the pound will come under pressure. Wholesale inventory data will provide an additional signal on the state of the economy, but inflation will remain the key factor. As for intraday strategy, I will rely more on scenarios No. 1 and No. 2. Buy signal Scenario No. 1: Today, I plan to buy the pound at the entry point around 1.3545 (green line on the chart) with the target of rising to 1.3584 (thicker green line on the chart). Around 1.3584, I will exit purchases and open sales in the opposite direction (expecting a 30–35 point reversal from the level). A strong rise in the pound today can be expected after weak U.S. data.Important! Before buying, make sure the MACD indicator is above the zero line and has just started to rise from it. Scenario No. 2: I also plan to buy the pound if the price of 1.3524 is tested twice in a row, at a time when the MACD indicator is in oversold territory. This will limit the downward potential of the pair and lead to a reversal upward. Growth toward the opposite levels of 1.3545 and 1.3584 can then be expected. Sell signal Scenario No. 1: Today, I plan to sell the pound after the level of 1.3524 (red line on the chart) is updated, which will lead to a quick decline of the pair. The key target for sellers will be 1.3484, where I will exit sales and immediately open purchases in the opposite direction (expecting a 20–25 point reversal from the level). The pound will drop in case of rising U.S. inflation.Important! Before selling, make sure the MACD indicator is below the zero line and has just started to fall from it. Scenario No. 2: I also plan to sell the pound if the price of 1.3545 is tested twice in a row, at a time when the MACD indicator is in overbought territory. This will limit the pair's upward potential and lead to a reversal downward. A decline toward the opposite levels of 1.3524 and 1.3484 can then be expected. What's on the chart: Thin green line – entry price for buying the instrument;Thick green line – estimated level to place Take Profit or lock in profit manually, as further growth above this level is unlikely;Thin red line – entry price for selling the instrument;Thick red line – estimated level to place Take Profit or lock in profit manually, as further decline below this level is unlikely;MACD indicator – when entering the market, it is important to consider overbought and oversold zones.Important. Beginner Forex traders must be very cautious when making entry decisions. Before major fundamental reports are released, it is best to stay out of the market to avoid sharp price swings. If you decide to trade during news releases, always place stop-loss orders to minimize losses. Without stop-losses, you can very quickly lose your entire deposit, especially if you don't use money management and trade with large volumes. And remember: for successful trading you need a clear trading plan, like the one presented above. Spontaneous trading decisions based only on the current market situation are from the outset a losing strategy for an intraday trader. The material has been provided by InstaForex Company - www.instaforex.com

The euro is trading around 1.1727, below the 21SMA, and within the uptrend channel formed on August 25. The euro has encountered strong resistance around the +1/8 Murray level at 1.1775, and from that level, we are seeing a technical correction. EUR/USD is likely to continue falling in the coming days if the price consolidates below the 200 EMA at 1.1657. On the other hand, if the euro consolidates above 1.1730, the instrument could resume the bullish cycle and reach 1.1779 or even +2/8 Murray at 1.1840. A sharp break of the uptrend channel and a decline below 7/8 Murray could signal a bearish acceleration. Hence, a short-term decline to 4/8 Murray at 1.1474 is expected. The material has been provided by InstaForex Company - www.instaforex.com

Trade review and tips for trading the euro The test of 1.1702 coincided with the moment when the MACD indicator had just started moving down from the zero line, confirming the correct entry point for selling the euro. As a result, the pair fell by only 7 points, after which sellers exited. Italian industrial data exceeded expectations, which helped euro buyers withstand the pressure seen during the first half of trading. This favorable signal from Italy somewhat eased concerns about the overall situation in the country's industrial sector. However, fluctuations in energy prices, inflation—slowing but still significant—and the geopolitical backdrop continue to influence the euro area. The improvement in Italy's manufacturing sector is a positive sign, but it is not enough for a fundamental turnaround. In the near future, market attention will be focused on European Central Bank statements and new macroeconomic reports. In the second half of the day, U.S. statistics will be released on the Producer Price Index (PPI) for August, as well as wholesale inventory data. These figures will be a crucial barometer of inflationary pressure in the U.S. economy and will influence future Federal Reserve monetary policy decisions. Of particular importance is the core PPI, which excludes volatile components such as food and energy. Its dynamics will provide a clearer view of inflation persistence and its impact on consumer prices. Changes in wholesale inventories, in turn, will indicate the balance of supply and demand across different markets. An increase in inventories may point to slower economic growth, while a decrease suggests rising consumer activity. The published data will immediately impact the U.S. dollar. Positive results showing lower inflation and stronger growth may support the dollar. Negative results, on the contrary, may weaken it. As for intraday strategy, I will rely more on scenarios No. 1 and No. 2. Buy signal Scenario No. 1: Today, buying the euro is possible around 1.1718 (green line on the chart) with the target of rising to 1.1766. At 1.1766, I plan to exit the market and also sell the euro in the opposite direction, aiming for a 30–35 point move from the entry point. A rise in the euro can only be expected in case of a sharp drop in U.S. inflation.Important! Before buying, make sure that the MACD indicator is above the zero line and has just started to rise from it. Scenario No. 2: I also plan to buy the euro if the price of 1.1695 is tested twice in a row, at a time when the MACD indicator is in oversold territory. This will limit the downward potential of the pair and lead to a market reversal upward. Growth toward the opposite levels of 1.1718 and 1.1766 can then be expected. Sell signal Scenario No. 1: I plan to sell the euro after the price reaches 1.1695 (red line on the chart). The target will be 1.1655, where I plan to exit the market and buy immediately in the opposite direction (expecting a 20–25 point move in the opposite direction). Pressure on the pair will return today if news emerges of a sharp rise in U.S. inflation.Important! Before selling, make sure that the MACD indicator is below the zero line and has just started to decline from it. Scenario No. 2: I also plan to sell the euro if the price of 1.1718 is tested twice in a row, at a time when the MACD indicator is in overbought territory. This will limit the pair's upward potential and lead to a downward reversal. A decline toward the opposite levels of 1.1695 and 1.1655 can then be expected. What's on the chart: Thin green line – entry price for buying the instrument;Thick green line – estimated level to place Take Profit or lock in profit manually, as further growth above this level is unlikely;Thin red line – entry price for selling the instrument;Thick red line – estimated level to place Take Profit or lock in profit manually, as further decline below this level is unlikely;MACD indicator – when entering the market, it is important to consider overbought and oversold areas.Important. Beginner Forex traders must be very cautious when making entry decisions. Before major fundamental reports are released, it is best to stay out of the market to avoid sudden price swings. If you decide to trade during news releases, always place 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 must have a clear trading plan, like the one presented above. Spontaneous trading decisions based only on the current market situation are a losing strategy for an intraday trader from the start. The material has been provided by InstaForex Company - www.instaforex.com

Rumors linking Apple to a massive XRP purchase are circulating rapidly through the cryptocurrency community. A post on X claims that Apple is about to announce a billion-dollar buy of the digital asset, and the claim immediately captures attention online. But while some traders show excitement, one well-known XRP supporter pushes back against the story. XRP Influencer Dismisses Apple’s $1.5 Billion Buy Claim The claim about Apple spending billions on XRP gets a sharp response from XRP influencer Cobb, who is very active on X. Quoting the rumor, Cobb writes, “Are the ‘rumors’ in the room with us right now?” His comment mocks the story, comparing it to seeing ghosts, and points out that there is nothing substantial to support the claim. For many years, Apple avoided crypto completely and even placed restrictions on iOS that blocked in-app purchases involving digital tokens. Those limits were only lifted by Apple earlier this year. At the same time, some in the industry saw that as a bullish sign. However, lifting restrictions is very different from making a $1.5 billion buy of a single coin. The influencer’s response also suggests that if Apple were to enter the crypto market, XRP might not be its first choice. Bitcoin, with its trillion-dollar market value, or Ethereum, with its massive role in decentralized applications, would make far more sense for a company like Apple. Both assets are widely used by companies and even governments, unlike XRP, which remains tied more closely to its own community. By dismissing the rumor in such a direct way, Cobb shows how careful even strong supporters of XRP can be when faced with bold but unverified claims. Rumor Of Apple’s XRP Buy Circulates On X The rumor itself begins with a tweet from Dominus XRP Syndicate, an account with more than 45,000 followers. In the post, the user claims, “Strong rumors are circulating that Apple could be announcing a $1.5B $XRP purchase today.” The size of the account’s following helps the message spread quickly, drawing immediate attention in the XRP community. However, as the conversation progresses, the lack of confirmation becomes apparent. Apple has never shown any public interest in making such a large, speculative buy, and the company has a reputation for being very cautious with big financial moves, showing little sign of embracing digital assets in such a direct way. The idea of one of the world’s most valuable companies holding XRP excites traders, even though nothing official supports the claim. Without a statement from Apple itself, the claim remains nothing more than speculation on social media. Although it has removed past restrictions on crypto, a billion-dollar XRP buy seems highly unlikely without clear evidence.

Only the euro was traded today using the Mean Reversion strategy. I did not trade anything with Momentum. Italian industrial data provided some encouragement, allowing euro buyers to maintain a leading position. This positive impulse from Italy somewhat eased concerns about difficulties in the industrial sector. However, one should not forget that Italy's economic problems have not disappeared. Success in the manufacturing sector is a good sign, but it is not enough on its own to fundamentally change the situation. In the second half of the day, data is expected on the U.S. Producer Price Index (PPI) for August, the core Producer Price Index excluding food and energy prices, as well as changes in wholesale inventories. These releases will be among the key indicators of inflationary pressure in the U.S. economy and will determine the further trajectory of the Federal Reserve's monetary policy. Special attention will be paid to the core Producer Price Index, which excludes volatile components such as food and energy. Its dynamics will allow for a more accurate assessment of the persistence of inflationary processes and their impact on final consumer prices. The change in wholesale inventories, in turn, will provide information on the state of supply and demand across various markets. In the case of strong statistics, I will rely on implementing the Momentum strategy. If the market shows no reaction to the data, I will continue to use the Mean Reversion strategy. Momentum strategy (breakout) for the second half of the day: For EUR/USD Buying on a breakout of 1.1728 may lead to growth toward 1.1760 and 1.1815;Selling on a breakout of 1.1690 may lead to a decline toward 1.1665 and 1.1634.For GBP/USD Buying on a breakout of 1.3553 may lead to growth toward 1.3587 and 1.3615;Selling on a breakout of 1.3519 may lead to a decline toward 1.3484 and 1.3451.For USD/JPY Buying on a breakout of 147.72 may lead to growth toward 148.03 and 148.44;Selling on a breakout of 147.39 may lead to declines toward 146.98 and 146.66.Mean Reversion strategy (reversal) for the second half of the day: For EUR/USD I will look for selling opportunities after a failed breakout above 1.1729 with a return below this level;I will look for buying opportunities after a failed breakout below 1.1684 with a return to this level. For GBP/USD I will look for selling opportunities after a failed breakout above 1.3552 with a return below this level;I will look for buying opportunities after a failed breakout below 1.3508 with a return to this level. For AUD/USD I will look for selling opportunities after a failed breakout above 0.6629 with a return below this level;I will look for buying opportunities after a failed breakout below 0.6595 with a return to this level. For USD/CAD I will look for selling opportunities after a failed breakout above 1.3865 with a return below this level;I will look for buying opportunities after a failed breakout below 1.3832 with a return to this level.The material has been provided by InstaForex Company - www.instaforex.com

The timing for this morning's piece was either fortunate or unfortunate. US President trump has posted a very cryptic Truth Social post saying: "What’s with Russia violating Poland’s airspace with drones? Here we go!" Anyways, I invite you to check our morning piece on US Oil to access to the trading levels of interest for the commodity. Link just below. Read More: Chaos in Eastern Europe – Oil (WTI) prices lagging the move? WTI Oil 30M Chart, September 10, 2025 – Source: TradingView Safe Trades! Follow Elior on Twitter/X for Additional Market News, interactions and Insights @EliorManier Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2025 OANDA Business Information & Services Inc.

Markets are far from straightforward, and political instability doesn’t always translate into weakness in the subject currency. In Japan, Shigeru Ishiba’s resignation was expected since the Liberal Democratic Party he represents lost the vote in mid-July which preceded a stronger yen. Participants are relieved from the resignation that is taking place right ahead of a no-confidence vote in Japan that would oust the Prime Minister and provoke further political unrest. If you want to see how bad these turn out, look at France today (hosting some of the largest protests in years) after French PM Bayrou got kicked out, losing a no-confidence vote. Ishiba aimed to pursue tariff discussions, which haven't seemed to be advancing much. However, with traders less concerned about the yen outlook and a Weaker PPI report this morning pushing the odds for a 50 bps FED cut further (still around 10% for now), expectations for the yen are rising again after a rough year. Let's have a look at the Yen performance against the US Dollar through a multi-timeframe USD/JPY technical analysis. Yen has by the way also strengthened quite largely against the neighbouring Canadian Dollar, I invite you to check our latest analysis of CAD/JPY right here. Read More: Chaos in Eastern Europe – Oil (WTI) prices lagging the move?USDJPY Multi-timeframe analysisUSDJPY Daily timeframe USDJPY Daily Chart, September 10, 2025 – Source: TradingView Markets are awaiting for not only next Wednesday's FOMC meeting, but also the following Bank of Japan's meeting the next day. With BoJ Speakers repeating that the path forward is more towards hikes, rate differencials between the US and Japan are projected to converge, particularly amid the upbeat Japanese growth and inflation. After retesting the high 150.00 Monthly pivot zone and consequently rejecting it, the price action has been stuck in a limbo between 147.00 to 148.50. FX is trying to pick it up more in the previous days, but looking out, there is a certain lack of direction in the pair – Let's try to see if shorter timeframe allow to shift the outlook ahead of tomorrow's US CPI release. USDJPY 4H timeframe USDJPY 4H Chart, September 10, 2025 – Source: TradingView Looking closer, the week opened with a gap higher within thin-volume trading before seeing a sharp downward reversal. Tomorrow's price action will be decisive, but amid the current strong range, traders are holding prices right in the middle pivot zone. A failure to break the 148.100 highs of that pivot zone will give more technical edge to the sellers. This will have to be confirmed through tomorrow's CPI report, with any move until then likely to be faded or lack much continuation.\ Levels to keep watch for USD/JPY trading: Resistance Levels Pivot at the 148.00 zone +/- 100 pips (immediate resistance combined with MA 50 and 200)May range extremes from 148.70 to 149.50150.00 psychological resistance150.90 July highsSupport Levels 146.50 range support145.00 psychological support142.35 low of the May range, main supportUSDJPY 1H timeframe USDJPY 1H Chart, September 10, 2025 – Source: TradingView As seen on the 4H timeframe, the price action has mean-reverted the lows attained in yesterday's session due to some mean-reversion US Dollar buying as can be explored in our latest US Dollar analysis. However, a short-timeframe downward channel is developping (despite the few cracks below) and shows that bear momentum currently holds the upper hand. Do not forget that tomorrow's CPI may change everything to the current trend, particularly is the report does come in much stronger : expected at 0.3%, anything above 0.5% will change the theme considerably. Safe Trades! Follow Elior on Twitter/X for Additional Market News, interactions and Insights @EliorManier Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2025 OANDA Business Information & Services Inc.

Sunrise Energy Metals (ASX: SRL), the Robert Friedland-backed developer advancing the Syerston scandium project in New South Wales, has nearly doubled its scandium resource following a successful drilling campaign. According to the company, the updated Mineral Resource Estimate, released this week, confirms Syerston as the world’s largest and highest-grade scandium deposit at a time when global supply is under increasing strain. The revised estimate at a 300 parts per million cutoff now stands at 19,007 tonnes of contained scandium grading 414 ppm, representing a 98% increase in metal content, with all resources falling within the Measured and Indicated categories. At a higher 600 ppm cutoff, the contained scandium grew by 161% to 1,155 tonnes. The resource expansion comes at a pivotal moment for the scandium market. In April, China imposed new export licensing restrictions on the metal, a critical input in lightweight aerospace alloys, semiconductors, and advanced manufacturing. Total world scandium production was less than 40 tonnes in 2022. Demand, meanwhile, is tipped to surpass 110 tonnes a year by 2026. Over 90% of global demand comes from the US, for both civilian and defense applications. The majority of the supply, however, is controlled by China. Sunrise is positioning Syerston as a reliable Western source of scandium oxide. Australia currently has no scandium production or processing. Following the latest drilling results and resource upgrade, shares jumped by more than 15% in a single session, giving the company a market capitalization of about A$265 million ($176M). Attention now turns to the updated feasibility study, expected before the end of September, which will incorporate the expanded resource base.

The copper price faces short-term headwinds from trade wars and weakening United States consumption, but longer-term demand from artificial intelligence and grid electrification is set to overwhelm supply, Red Cloud Securities says in a new report. The Toronto-based firm forecasts a copper surplus of 126,000 tonnes in 2026 as tariffs weigh on growth and US demand shrinks by 6%, according to the analysis issued on Wednesday. Average effective US tariffs have reached 18%, the highest since 1934, cutting household purchasing power and adding to recession risks, Red Cloud commodity strategist Kenneth Hoffman says. The firm already expects a 2% decline in US demand this year. “Copper will face a highly volatile 2026 due to dollar woes, tariff tantrums, weak economies and massive AI grid investments,” Hoffman says in the report. “Copper is poised at the centre of a tug‑of‑war between near‑term macro‑economic headwinds and long‑term electrification and AI tailwinds.” While tariffs and weaker US demand could bring a brief surplus and softer copper prices in 2026, the metal’s long-term outlook remains bullish, Red Cloud argues. AI data centres, energy storage and transmission upgrades add a powerful new layer of demand to electrification trends. They will create supply deficits that established and emerging producers will struggle to fill. Copper price forecast Red Cloud cut its 2026 copper price forecast to $3.65 per lb. from $3.85, reflecting the anticipated surplus. Longer term, it raised its 2028 forecast to $5.25 per lb. from $5 and sees copper averaging $6 per lb. by 2030 as demand from AI and electrification intensifies. The analysis assumes all-in sustaining costs for major producers will rise to $2.60 per lb. by 2028 on inflation and capital intensity. Copper was trading at $4.62 a lb. on Wednesday morning. From 2027, copper supply deficits will return as power-hungry AI data centres drive expansion of battery energy storage systems (BESS) and transmission lines. Red Cloud forecasts deficits of 19,000 tonnes in 2027, 46,000 tonnes in 2028, widening to 555,000 tonnes in 2029 and 766,000 tonnes by 2030. Developers such as Hudbay Minerals (TSX: HBM; NYSE: HBM), Capstone Copper (TSX: CS), and Lundin Mining (TSX: LUN) are positioned to benefit from the predicted shortages. Hudbay is advancing the fully permitted Copper World project in Arizona , and has expanded reserves at its Constancia mine in Peru. Capstone is ramping up output at its primary Pinto Valley operation in Arizona and the Cozamin mine in Mexico, while pursuing expansions at Mantoverde and Santo Domingo in Chile. Lundin Mining is integrating its Candelaria mine in Chile and Eagle in Michigan with development of the Josemaria project in Argentina, positioning it to grow copper production this decade. However, permitting delays and weak supply growth mean producers are unlikely to keep up. The US averages 29 years to permit and build a copper mine, while domestic setbacks for Chilean state miner Codelco and the closure of First Quantum’s (TSX: FM) Cobre Panamá mine highlight supply risks, Red Cloud noted. Also, BHP (NYSE, LSE, ASX: BHP) and Freeport-McMoRan (NYSE: FCX) face rising capital spending. Data centres Red Cloud estimates data centres could consume as much as 10% of North American electricity within five years, with individual hyperscale facilities requiring up to 50,000 tonnes of copper for wiring, grounding, and cooling. China is already adding storage capacity at a record pace, and Spain’s April blackout underscored the strain of AI-driven demand on grids. Spain has the most server farms in the European Union. Data firms are spending an estimated $200 billion this year on server farms, and consulting firm McKinsey predicts this amount could hit trillions of dollars by the 2030s, Red Cloud notes. BESS are rivalling electric vehicle batteries and accounted for 83% of China’s growth in lithium iron phosphate battery production this year. The demand for backup power is rising sharply as server farms strain grids, and that means more copper. BESS production equalled 40% of electric vehicle battery demand last year, up from 8% in 2020, and could surpass 60% this year. By 2035, production of BESS and EV batteries may be on par, Red Cloud said. “Copper’s exceptional electrical and thermal conductivity make it indispensable to power generation, transmission and digital infrastructure,” Hoffman said. “Transmission lines, transformers, motors, and renewable‑energy technologies rely on copper wiring and components. The transition to low‑carbon electricity and the explosive growth of AI data centers intensify this dependence.”

Galiano Gold (TSX, NYSE-A: GAU) says it temporarily suspended operations at the Esaase deposit at Ghana’s Asanko mine after one person died Tuesday during a clash between soldiers and area residents. The incident took place on the company’s concessions in Ghana’s Amansie South district, about 300 km northwest of Accra, Galiano said Tuesday night in a statement. Tensions escalated in the community, resulting in civil unrest and damage to contractor equipment. The military presence is part of a state-mandated security intervention that’s coordinated through the Ghana Chamber of Mines, according to the company. Investigations are underway and Galiano is supporting authorities, government officials and community leaders. Operations at the mine’s Abore deposit and processing plant are unaffected. About 2,200 people work at Asanko. “We will look for additional details as they emerge, but we believe there could be potential impact to 2025 production depending on the duration of Esaase pit suspension,” BMO Capital Markets analyst Raj Ray said Wednesday in a note. Galiano shares fell as much as 15% to C$3.01 on Wednesday morning in Toronto before paring losses to trade at C$3.24, for a company market value of about C$839 million. The stock has traded between C$1.44 and C$3.69 in the past year. Mid-tier producer Galiano produced about 115,000 oz. of gold in 2024 and remains a mid-tier player in Ghana. It sits well below the country’s leading miners – including Newmont (NYSE: NEM), which operates the Akyem and Ahafo mines; Gold Fields (NYSE: GFI), owner of the Tarkwa and Damang complex; and AngloGold Ashanti (NYSE: AU; JSE: ANG), formerly running the Obuasi mine. All three are delivering several hundred thousand ounces annually. While Ghana is Africa’s top gold producer, with 2025 output forecast to reach 5.1 million oz. from 4.8 million in 2024, recent political moves highlight growing unease over how the nation benefits from its mineral wealth. The government has prohibited foreigners from trading artisanal gold, launched the GoldBod agency to centralize legal trade, expanded agreements to buy 20% of miners’ output to shore up foreign exchange reserves and deployed a security-backed task force to crack down on smuggling and illegal mining. Esaase is one of four main open-pit mining areas at Asanko, Galiano’s lone operating asset. The mine also hosts a 5.8-million-tonne-a-year carbon-in-leach processing plant. Operations at Esaase began in the first quarter. The deposit accounted for about 42%, or 1.1 million tonnes, of the mine’s first-half ore output, Ray says. Asanko has proven and probable reserves of 47.1 million tonnes grading 1.36 grams gold per tonne for contained metal of 2.06 million ounces. Output forecast Galiano expects Asanko to produce between 130,000 and 150,000 oz. of gold this year at an all-in sustaining cost of $1,750 to $1,950 per ounce. It envisions output rising steadily over the next few years, reaching 230,000 to 260,000 oz. by 2029. “At this point we are not expecting any change to guidance but depending on the duration of the Esaase pit suspension there could be some risks to guidance,” Ray said. Galiano owns 90% of the Asanko mine, with the government of Ghana holding the remainder. Gold Fields controls just under 20% of Galiano’s common shares, while Connecticut-based investment management firm Equinox Partners owns about 11%.

Chinese battery producer Contemporary Amperex Technology (CATL) is expected to resume production at its lithium mine in Yichun of Jiangxi province, in a move that could alleviate supply concerns and send the battery metal’s price retreating once again. China’s state media reported the restart on Tuesday, one month after CATL suspended operations at the Jianxiawo mine when a licence expired on Aug. 9. The halt led battery-grade lithium carbonate prices to jump about 20% to a peak of 85,492 yuan ($12,000) per tonne on Aug. 20, according to Trading Economics. The price on Wednesday was $10,900 per tonne, according to The Wall St. Journal. “CATL’s application for extending mining rights and licenses at Jianxiawo is progressing more rapidly than market expectations, with production potentially resuming as early as Sept. 20,” BMO Capital Markets analysts Helen Amos and George Heppel said in a note on Wednesday, citing research from critical minerals market intelligence group Project Blue. “This may be an indication that Beijing does not consider lithium as a priority in its ongoing ‘anti-involution’ efforts, suggesting surpluses could be sustained,” the analysts added. In China, the term anti-involution has been applied where authorities and companies seek to curb destructive cycles of over-investment and price-cutting that erode margins without boosting long-term competitiveness. The August lithium price spike led to a surge in futures trading and rising shares of producers including Albemarle (NYSE: ALB), SQM (NYSE: SQM) and Sigma Lithium (Nasdaq: SGML). In addition, Zangge Mining halted brine production at Qarhan Lake and Jiangxi Special Electric Motor’s Yichun lepidolite mine began a 26-day maintenance period on July 25. Limited impact Initial expectations had forecast three months to one year until output at Jianxiawo resumed, Project Blue senior analyst Jordan Roberts said. But a Sept. 20 restart is likely to have a limited impact on ore and concentrate availability because production could be ramped back to pre-closure capacity by the end of the year or sooner. Despite supply concerns, refineries in China were still producing while Jianxiawo was closed, giving the country’s battery sector enough lithium carbonate to process, which caused prices to drop since Aug. 20, Roberts said. “The announcement may also dampen the risk of further closures to seven other mines in the Jiangxi Province, the operators for which have until Sept. 30 to submit resource, reserves and grade reports or face closure,” he said. Back to reality With the lithium price and supply situation set to return to its pre-August levels, Western lithium producers would still have to face an oversupplied market and low prices. Even the Aug. 20 peak was barely a blip amid lithium carbonate prices sitting in a slump after losing about 85% of their value since 2022. Producers also have to keep investing in new projects and refining capacity to meet long-term demand. Rio Tinto (LSE, NYSE, ASX: RIO) expanded its global footprint with its $6.7 billion acquisition of Arcadium Lithium (NYSE: ALTM), while Lithium Americas (TSX, NYSE: LAC) advances its Thacker Pass mine in Nevada with support from General Motors (NYSE: GM) and US government funding. In Australia, Tianqi Lithium and IGO (ASX: IGO) are trying to ramp up output at their underperforming Kwinana refinery, and in Europe, Vulcan Energy Resources (ASX: VUL) is pursuing net-zero-carbon lithium from geothermal brines as automakers seek more sustainable supply options.

Most Read: US CPI Preview: Implications for the DXY & Federal Reserve The S&P 500 and Nasdaq 100 opened higher on Wednesday as traders grew more confident that the US Federal Reserve will cut interest rates in September. This is because a new report showed that US producer prices unexpectedly went down in August, mainly due to lower costs for services. Source: TradingView This news, along with a big stock market gain for the cloud computing company Oracle, helped boost investor confidence. According to the CME's FedWatch tool, there's a 90% chance of a small rate cut (25 basis points) and a 10% chance of a larger cut (50 basis points) at the Fed's meeting on September 16-17. Individual Stock Performance - Oracle Drags Markets Higher After Oracle announced that it expects its cloud business to bring in over half a trillion dollars in booked revenue, its shares jumped by 31.5% in premarket trading reaching around the 39% mark after the US market opened. This surge was due to growing demand for its affordable cloud infrastructure services. This positive news had a ripple effect, causing gains for several chip companies. Nvidia rose 3.2%, Advanced Micro Devices was up 4.4%, and Broadcom added 3.7%. Companies that supply power to data centers also benefited from the positive forecast, with Constellation Energy rising 2.4%, Vistra advancing 3.6%, and GE Vernova going up 3.9%. Analysts at BofA Global Research said that while the profitability of AI workloads remains debated, it is clear Oracle is capturing share in the large and fast-growing market for AI infrastructure. They estimate the AI applications industry will reach $155 billion by 2030. In other stock news, Synopsys saw its shares slide 24% before the market opened. The company, which makes software for designing chips, missed Wall Street's revenue predictions for the third quarter. Its competitor, Cadence Design Systems, also slipped by 4.5%. Finally, GameStop's shares gained 7.4% after the video game retailer reported higher revenue for its second quarter. Concerns Grow After Jobs Revision Despite the fresh highs by both the S&P 500 and Nasdaq 100 today there are some warning signs starting to flash for the US economy. In September, US equity investors have grown more risk-averse as political uncertainty and stretched valuations dominate concerns, even as recession risks ease and expectations for monetary easing rise. Elevated valuations in US and global equity markets rest mainly on bullish earnings expectations, led by tech and AI companies benefiting from robust revenue growth, solid profitability, and widening adoption. The risk of a drawdown in the S&P 500 has risen recently, fueled by low market volatility, slowing economic growth, and ongoing concerns over tariffs and rising inflation later this year. Today's PPI data was positive when it comes to the inflation outlook moving forward and tomorrow CPI print will provide more details. Source: IsabelNet, Haver Analytics, Goldman Sachs Add these concerns to historic performance which tells us that September is the worst-performing month for US stocks—this holds true for the past 10 years, 20 years, and going back to 1950. It is rare to see both August and September finish higher in a post-election year. This was followed by news today from JP Morgan's trading desk that US stocks could drop after the Fed meeting on September 17. Led by Andrew Tyler, the trading team is concerned that after the Federal Reserve's meeting on September 17, when they are expected to cut interest rates by a small amount, the market might actually drop. This could happen as investors step back to think about several things: new economic data, how the Fed will react to future events, whether too many people are already betting on a rate cut, a decrease in companies buying back their own stocks, and less involvement from individual investors. Regarding their economic concerns, Tyler and his team believe that with fewer available workers, lowering interest rates could increase the demand for employees. This might cause a more persistent wage inflation. They also note that comments from various companies suggest that more costs from tariffs will likely be passed on to consumers. On the other end of the spectrum, Wall Street strategists are raising their S&P 500 estimates due to increasing interest in AI and good corporate results. Barclays raised its 2025 year-end target for the S&P 500, for the second time in three months, to 6,450 from 6,050. This shows a significant divide in where analysts see US equities ending the year and highlights the uncertainties still in play for the remainder of 2025. In the shorter-term markets will focus on the CPI data release tomorrow before the Fed decision next week, which promises fireworks. For all market-moving economic releases and events, see the MarketPulse Economic Calendar. (click to enlarge) Technical Analysis - Nasdaq 100 From a technical standpoint, the Nasdaq 100 on the four-hour chart appeared to be getting ready for a significant pullback after last Friday. The index lost around 1% after the lackluster Jobs data but has surged higher this week to fresh all-time highs more than once. This begs the question, is there any stopping the rally? The technicals are not giving much away. The RSI period-14 on the four-hour timeframe is approaching overbought territory and that could be the first warning sign to pay attention to. Given what we have heard from JP Morgan's trading desk, if US equities do not experience a pullback this week or ahead of the Fed decision next week, will the Fed meeting become a ‘sell the news’ event which could be the catalyst for a significant pullback in equity prices. Nasdaq 100 Four-Hour Chart, September 10, 2025 Source: TradingView (click to enlarge) Client Sentiment Data - Nasdaq 100 Looking at OANDA client sentiment data and market participants are short on the Nasdaq with 77% of traders net-short. I prefer to take a contrarian view toward crowd sentiment and thus the fact that so many traders are short means the Nasdaq 100 Index could rise in the near-term. 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.

Sprott Inc. (NYSE, TSX: SII) has launched a new actively managed exchange-traded fund (ETF) that seeks to provide exposure to companies in the mining sector, especially those associated with strategic metals. The Sprott Active Metals & Miners ETF debuted on the NASDAQ on Wednesday under the ticker symbol “METL”. It opened the session at $19.92 per share and traded as high as $20.09. Sprott said the fund will follow a value-oriented and contrarian approach, offering investors long-term capital appreciation in the entire mining lifecycle — focusing on miners, recyclers, and royalty and streaming companies that are deemed to be “undervalued”. The firm said the METL portfolio managers have several decades of collective experience in the industry and have the flexibility to pick stocks with exposure to a wide range of metals. “Each year, Sprott’s multi-disciplinary investment team conducts approximately 200 management meetings within the mining sector and also assesses asset potential, identifies challenges and explores geologic opportunities through up to 30 mining site visits annually,” Sprott’s CEO Whitney George stated in a press release. A key part of the METL portfolio will be companies involved or invested in the production of strategic metals that are poised to benefit from structural demand across key growth sectors such as renewable energy, electric vehicles, nuclear power and infrastructure. “Sprott is well positioned to create a dynamic portfolio of the miners of essential materials that span copper, uranium, silver, steel, lithium and many other metals that are critical for energy independence, national security and growth industries,” George added. METL becomes the latest addition to Sprott’s expanding ETF suite. It combines the expertise of active management with the flexibility of an ETF, which includes daily transparency, liquidity and potential tax efficiency.

The Nasdaq has filed a proposed rule change with the SEC to list tokenized stocks, marking a significant integration of blockchain technology into traditional finance (TradFi). Market experts have predicted that XRP is one of the crypto assets that stand to benefit massively from this move. Nasdaq Files To List Tokenized Stocks Nasdaq has filed with the SEC to allow investors to trade tokenized stocks on its platform. The exchange has proposed that these securities could be traded in either their traditional form, without using blockchain technology, or in their tokenized form, utilizing blockchain technology. Furthermore, the platform proposes that shares of these tokenized securities should be traded in the same order book as the traditional ones and with the same execution priority. Meanwhile, Nasdaq proposes that the market participants who wish to clear and settle their trades will note their preference by selecting a flag that the exchange will designate for this purpose. When the market participant selects the tokenized flag, Nasdaq will then communicate this to The Depository Trust Company, which is in charge of clearing trades. This move means that blockchain networks, such as Ethereum, Solana, and the XRP Ledger (XRPL), could experience increased adoption as companies transition to tokenizing their stocks. Notably, Galaxy Digital, last week, became the first Nasdaq-listed company to tokenize its common stock on Solana. Experts such as Tom Lee have made a case for why Ethereum will be the go-to platform for companies to tokenize their stocks on. Meanwhile, Solana and the XRP Ledger (XRPL) also stand out due to their speed and cost-efficiency. Solana recently passed the Alpenglow upgrade proposal, which will reduce transaction finality. Meanwhile, the XRPL has introduced new compliance amendments, which will incentivize institutions to adopt the network. All Tokenized Assets Will “Route Through XRP” In an X post, Versan Aljarrah, the founder of Black Swan Capitalist, commented on Nasdaq’s filing to list tokenized stocks and declared that all tokenized assets will eventually route and settle through XRP as the bridge currency. He added that this means trillions in value will move on-chain, possibly through the XRP Ledger. Aljarrah reiterated that all value flows through XRP. Notably, crypto analyst Costa recently predicted that the XRP price could reach $473,214 if 10% of global assets get tokenized on the XRPL. This came as Ripple predicted that 10% of global assets will be tokenized by 2030. Ripple has so far made great strides in its tokenization push, although no notable stock has been tokenized on the XRPL as of yet. However, it is worth noting that Ondo Finance’s tokenized U.S. Treasuries fund is integrated on the XRPL. At the time of writing, the XRP price is trading at around $2.95, down in the last 24 hours, according to data from CoinMarketCap.

The New Zealand dollar has renewed its upward move after a pause on Tuesday. In the North American session, NZD/USD is trading at 0.5957, up 0.52% on the day. Earlier, NZD/USD rose as high as 0.5964, a two-month high. Will Hawkesbury hint at another rate cut? The markets will be keeping a close eye on Reserve Bank of New Zealand Governor Christian Hawkesby, who will discuss the RBNZ's August Monetary Statement at an event in Auckland on Thursday. At the August meeting, the Reserve Bank cut rates by a quarter-point to 3.0%, its lowest level since August 2022. The central bank hinted at further rate cuts due to expectations of lower growth both domestically and globally. The monetary rate statement said that if inflation pressures continued to ease, "there is scope" to continue lowering the cash rate. The Bank's dovish tone surprised the markets and sent the New Zealand dollar tumbling 1.2% on the day of the meeting. As well, two of the six committee members voted for a 50 basis-point cut, reinforcing market expectations that the Reserve Bank will cut at least one more time this year. Investors will be looking for clues from Hawkesby on Thursday. US PPI declines by 0.1% US wholesale prices for August declined for the first time in four months. Both headline and core PPI fell 0.1%, down from 0.7% and shy of the market estimate of 0.3%. Annualized, headline PPI eased to 2.6% from 3.1%, below the market estimate of 3.3%. Core PPI slipped to 2.8% from 3.4%, below the market estimate of 3.5%. Will we see a similar miss from consumer inflation on Thursday? The markets expect headline CPI to rise to 2.9% from 2.7% and core CPI to remain steady at 3.1%. If consumer inflation surprises to the downside, the US dollar could lose ground as rate cut expectations would likely increase. NZD/USD Technical NZDUSD has pushed above resistance at 0.5936 and is testing 0.5950. Above, there is resistance at 0.59730.5913 and 0.5899 are providing support NZDUSD 1-Day Chart, September 10, 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.

Asset Entities shareholders have approved a merger with Bitcoin asset management company Strive Enterprises to create a new enterprise named Strive, Inc. The goal of the merger is to establish the first publicly traded asset management Bitcoin treasury company. Strive, Inc. will be publicly traded on the Nasdaq under the ticker ASST. Yesterday’s announcement resulted in a 52% surge in social media marketing firm Asset Entities’ stock price, reflecting strong investor confidence in the new company’s strategy. Strive Inc. plans to raise $1.5B to buy and hold Bitcoin as a long-term investment while implementing disciplined strategies. This is exciting news for Bitcoin holders as growth in corporate Bitcoin adoption reduces the circulating supply and often pushes prices higher. The merger is also expected to maximize Bitcoin exposure for shareholders, amplifying long-term returns if $BTC continues its upward trend. The rise in institutional Bitcoin accumulation also creates a favorable backdrop for Bitcoin-related projects, such as Bitcoin Hyper ($HYPER). Asset Entities’ 52% Stock Surge and What It Means for Bitcoin Asset Entities shares were already up 17.8% in the hours before the announcement. But when news of the shareholders’ approval hit the headlines, shares skyrocketed to over 52% during after-hours trading. Currently, more than 180 publicly traded Bitcoin treasury companies hold $BTC reserves, accounting for approximately 5.1% of the circulating Bitcoin supply. This corporate adoption trend, initiated by Strategy (which currently holds 638,460 $BTC), is rapidly transforming Bitcoin into a mainstream institutional asset. Along with legitimizing Bitcoin’s use, this trend is reshaping corporate finance norms and fueling increased demand, thereby enhancing Bitcoin’s long-term price appreciation and stability. What’s The Buzz About This Bitcoin Treasury Deal? Strive Inc’s plan to establish a $1.5 billion Bitcoin treasury has fueled the prevailing bullish market sentiment, driving $BTC prices further upward. Retail investors are also set to gain indirect exposure to Bitcoin’s price and treasury management by owning shares in the new entity. Not to mention, mergers like this could structurally alter the liquidity and risk profile for retail investors, as they increase Bitcoin scarcity and create new financial opportunities in public markets. Also, increased corporate adoption and treasury accumulation boost investor trust, benefiting crypto projects tied to Bitcoin’s ecosystem, such as Bitcoin Hyper ($HYPER). Why Investors Are Looking To Bitcoin Hyper Bitcoin Hyper ($HYPER) is an innovative Layer-2 solution for Bitcoin, designed to eliminate Bitcoin’s pain points. And there certainly are a few of them. Bitcoin is renowned for its top-notch security. But when it comes to transaction speeds – never mind the costs – Bitcoin leaves a lot to be desired. Bitcoin is also limited in terms of smart contract execution, leaving DeFi, staking, dApps, and co out of the equation. But that’s where Bitcoin Hyper steps up to the plate, with an innovative Layer-2. Powered by its native token, $HYPER, the Layer-2 integrates a Canonical Bridge that lets you send your $BTC to a dedicated wallet. Once verified, your $BTC will be minted on the Hyper Layer-2 as wrapped $BTC. There, you can use your tokens for instant payments, DeFi, and dApps. Perhaps best of all, the Layer-2 also integrates the Solana Virtual Machine. That means faster, cheaper transactions that are more on par with Solana’s 65K max theoretical transactions per second rate compared to Bitcoin’s dismal seven. In a nutshell, Bitcoin Hyper has a lot going for it, and investors are taking note. Want to discover more about $HYPER? Our complete guide to $HYPER’s features and potential explains it all. Is $HYPER Set To Soar? The Bitcoin Hyper presale has already raised $14.8M+ and there are no signs of it slowing anytime soon. Whales have also joined in on the action – last month alone saw two significant whale buys of $161.3K and $100.6K. So, is $HYPER set to soar? It certainly looks like it. We’re not surprised, though. Bitcoin Hyper’s Layer-2 has the potential to be a market game-changer. $HYPER also positions itself as a project where early investors stand to benefit a lot. $HYPER is currently priced at $0.012885, and you can stake it for 75% APY. However, our analysts predict that $HYPER could end the year at $0.02595 – and potentially reach $0.253 in 2030. That’s an ROI of 1,863%. Find out how to buy $HYPER in our step-by-step guide. The Bitcoin Hyper presale is running on a tiered pricing model, with the next price increase scheduled for tomorrow. This means you have a limited window to secure your $HYPER tokens at the current bargain price. Ready to jump in? Head to the official Bitcoin Hyper presale website now. Potential Gains for Early Investors The merger between Asset Entities and Strive Enterprises marks a milestone in Bitcoin’s corporate adoption, as the newly formed company aims to establish one of the largest publicly traded Bitcoin treasuries. This not only validates Bitcoin’s legitimacy as a mainstream institutional asset but also sets a powerful example for both retail and institutional investors. Furthermore, it has also reinforced Bitcoin’s role as a trusted treasury asset, amplifying confidence across the broader crypto ecosystem. As the ripple effect naturally extends to emerging projects, now’s the time to leverage this momentum and benefit from early opportunities, such as the Bitcoin Hyper presale. $HYPER presents a brilliant opportunity to become part of Bitcoin’s evolving financial ecosystem and position yourself at the forefront of Layer-2 scalability and innovation. The crypto market is highly volatile and carries significant risks. Always conduct your own research before making any investment decisions. Authored by Aaron Walker, NewsBTC – www.newsbtc.com/news/bitcoin-treasury-coming-bitcoin-hyper-smart-investment

Panama is preparing to open talks with First Quantum Minerals (TSX: FM) on the possible restart of its shuttered Cobre Panamá copper mine, with discussions expected to begin late this year or in early 2026. Commerce Minister Julio Moltó confirmed that a comprehensive environmental audit of the mine will start in the coming weeks. The review, conducted by SGS Panama Control Services, will assess environmental, social and economic impacts, including employment opportunities for Panamanians. The mine has been closed since November 2023, after Panama’s Supreme Court declared its operating contract illegal. Moltó told local newspaper El Capital Financiero that the audit should take three to four months to complete. Once results are in, the government will begin talks with First Quantum. President José Raúl Mulino has identified the reopening of Cobre Panamá as a top priority for his administration, following reforms to the country’s Social Security Fund pension system. Minera Panamá, First Quantum’s subsidiary, and other companies tied to the project have suspended international arbitration proceedings against the government, clearing the way for talks. Economic pillar Before its closure, Cobre Panamá ranked among the world’s largest copper producers, yielding 350,000 tonnes in 2022, its final full year of operations. The mine contributed about 5% of Panama’s GDP, and First Quantum estimates the suspension has cost the country up to $1.7 billion in lost economic activity. Mine workers, contractors, unions and nearby communities have publicly called for a restart, citing its economic importance. The government, however, has stressed that the audit must come first before any decision on reopening. First Quantum has maintained the facility to ensure it can resume operations if an agreement is reached.

SUI is currently poised at a pivotal crossroads, with its price action revolving around the key resistance level of $3.52. With momentum building, this crucial juncture has captured investors’ attention, as a sustained breakthrough could signal the beginning of a significant upward surge, and failure to do so may indicate a loss of momentum. SUI Maintains Strength At $3.52 With Fresh Gains In a recent post, crypto analyst BitGuru revealed that SUI is demonstrating notable strength in the market. At the time of the post, SUI was holding firm at the $3.48 level, having already secured a respectable 3.1% gain, a direct result of the asset bouncing back from its recent lows. Bitguru further highlighted that SUI’s momentum is not erratic but steady, signaling that buyers are firmly in control of the price action. This consistency is a key technical indicator, suggesting that the current upward trend has a solid foundation and is not simply a temporary spike. Looking ahead, BitGuru emphasized that the next critical point for SUI is the $3.52 resistance level, which SUI has now claimed. Meanwhile, a successful close above this price point is expected to trigger the next significant upward movement for the asset. This breakout would confirm the bullish momentum and reinforce the positive long-term outlook for SUI. Retest In Focus: Can Bulls Secure The Breakout? CryptoPulse, a prominent analyst, has provided an updated technical analysis of SUI’s price action, highlighting a key bullish development. According to the post, SUI has successfully broken out of a daily falling wedge pattern on its 12-hour chart. This is a significant event, as a falling wedge breakout typically signals a potential trend reversal from a downtrend to an uptrend, indicating that sellers are losing momentum and buyers are gaining control. Following the breakout, SUI is now engaged in a crucial retest of the zone that previously served as resistance. In a classic “resistance-turned-support” scenario, the price is now testing this former ceiling to confirm it as a new floor, a trend that will likely dictate the asset’s short-term trajectory and confirm the validity of the breakout. Furthermore, CryptoPulse outlines two distinct scenarios based on the retest. If SUI can successfully hold this new support level, it would validate the breakout and set the stage for a continuation of the upward momentum, with the next potential price targets at $4.00 and $4.40. However, if SUI fails to hold the retest and falls back below this key level, it could trigger a deeper pullback, with the price retracing to the $3.20 area before any potential continuation of the uptrend.