All Activity

[B]Date: 22nd September 2026.[/B] [B]Gold: US-China Talks and Technical Analysis.[/B] Gold trades lower and is once again approaching the key $4,250 support level. Following the decline triggered by the Federal Reserve’s latest rate decision, the precious metal attempted to recover and initially posted a positive rebound. However, buyers failed to break through key resistance levels, causing momentum to fade. Gold is now coming under renewed pressure from expectations of another interest-rate hike, strong corporate earnings, lower oil prices, and improving risk sentiment surrounding this week’s US-China talks. Gold prices have now been falling for two consecutive days, declining almost 2%. US-China Talks Boost Sentiment And Pressure Gold The US-China talks are having its ripple effect throughout most tradable assets, the two largest economies discuss AI, trade, and security. So far, the Chinese Vice President has met with the US Treasury Secretary. The US President, Donald Trump, and Chinese leaders will meet on Thursday. The effect on Gold at the momentum is negative, as the talks are having a positive impact on investor sentiment. As investors believe tariffs could be reduced or the trade truce extended, fears of a major trade confrontation are decreasing. Investors are becoming more comfortable holding equities and other risk assets, reducing demand for Gold as a safe haven. The key issue isn’t necessarily whether Washington and Beijing resolve everything. Current reporting suggests the talks are focused more on maintaining stability and extending existing arrangements. Nonetheless, extending these agreements on a positive note can provide stability. The market’s risk appetite is primarily driven by stability and the absence of fear. For this reason, Gold is failing to maintain bullish momentum. However, if US-China relations deteriorate or the two sides fail to reach an agreement on an extension, Gold could suddenly rise again. This could reverse the current bearish indications seen on certain charts. Gold Pressures - Rate Hike Expectations and Higher Bond Yields In addition to the US-China talks, Gold is also facing pressure from a stronger US Dollar and higher Treasury yields. Expectations that US interest rates will remain higher for longer have supported the Dollar, making Gold more expensive for buyers using other currencies. At the same time, higher bond yields reduce some of Gold’s appeal compared with yield-bearing assets. As other yield-bearing investments perform well, the need for Gold as a safe-haven asset declines. The Federal Reserve’s monetary policy outlook remains one of the biggest headwinds. Following its latest rate hike, markets are increasingly considering the possibility of another increase later this year. Last night, two members of the Federal Open Market Committee said an additional hike was possible. Expectations of tighter monetary policy support both the US Dollar and yields. This creates a challenging environment for Gold, which tends to thrive when yields are lower and risk sentiment weakens. Lower oil prices have also removed some support for the precious metal. Falling energy prices can reduce inflation concerns and ease geopolitical risk premiums, weakening demand for Gold as both an inflation hedge and safe-haven asset. However, the decline is not yet enough to reduce expectations of further rate hikes. At the same time, stronger equity markets and improving risk sentiment, helped by encouraging US-China trade discussions, have encouraged investors towards riskier assets. In addition, expectations of higher earnings and the AI trend continue to gain momentum. Together, stronger risk appetite, a firm Dollar, elevated yields, and expectations of further Fed tightening continue to keep Gold under pressure. Gold - Technical Analysi HFM - Gold 30-Minute Chart Gold has been trading lower throughout the Asian session and particularly during the first half of the European session. On most timeframes, the precious metal is showing a bearish bias. However, on smaller timeframes, such as the 1-minute and 5-minute charts, the price quickly spiked by 0.79%. At the same time, the US Dollar Index and bond yields recorded similar upward movements. Nonetheless, on the larger timeframes, the price is trading with lower lows and lower highs despite the retracement. In addition, the price is trading below the key moving averages on all timeframes, but is at the RSI’s neutral level. If the price rises above $4,342.00, the asset will begin to trade above the 200-bar moving average, potentially indicating a bullish breakout. At this level, sell signals will not be visible on smaller timeframes. If the price falls back below $4,307.50, sell signals could strengthen again based on momentum indicators and price action. Key Takeaway: Gold falls nearly 2% in two days, approaching the $4,250 support level. Higher bond yields, a stronger Dollar and further Fed hike expectations are pressuring Gold. Positive US-China talks are improving risk sentiment and reducing safe-haven demand. Technically, $4,342 is key resistance, while a move below $4,307.50 could strengthen bearish signals. [B]Always trade with strict risk management. Your capital is the single most important aspect of your trading business.[/B] [B]Please note that times displayed based on local time zone and are from time of writing this report.[/B] Click [URL='https://www.hfm.com/hf/en/trading-tools/economic-calendar.html'][B]HERE[/B][/URL] to access the full HFM Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click [URL='https://www.hfm.com/en/trading-tools/trading-webinars.html'][B]HERE[/B][/URL] to register for FREE! [URL='https://analysis.hfm.com/'][B]Click HERE to READ more Market news.[/B][/URL] [B]Michalis Efthymiou HFMarkets[/B] [B]Disclaimer:[/B] This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

Analysis of margin levels for September 22, 2026 XAUUSD XAUUSD: BUY 4293.47-4347.77, TP1-4402.07, TP2-4561.37. No swaps on majors for a month! Learn more Long-term trend: long. The maximum accumulation of volume for the current contract is located in the range with quotes 4390.00–4425.00. Currently, investment operations on XAUUSD are being executed below this range, indicating buyer weakness. Medium-term trend: long. The maximum accumulation of volume for the medium-term trend is located in the range with quotes 4366.00-4375.00. Currently, investment operations on XAUUSD are being executed below this range, indicating buyer weakness. The area of favorable buy prices from the perspective of margin support is located between zones 1/4 and 1/2 built from the maximum of 09/18/2026. Quote of the upper boundary of zone 1/4–4347.77. Quote of the upper boundary of zone 1/2–4293.47. Intraday targets: update of the maximums from 09/18/2026–4402.07. Medium-term targets: test of the lower boundary of the GWCZ–4561.37. Trading recommendations: buys from the favorable price range upon formation of a reversal pattern. Buy: 4293.47–4347.77, Take Profit 1–4402.07, Take Profit 2–4561.37. Our company provides an opportunity to earn income not only from your trading. By attracting clients within the affiliate program, you can get up to $30 per lot! You can find more analytical information on our website.

Weekly Review: XAUUSD, #SP500, #BRENT | September 25, 2026 XAUUSD: SELL 4370.00, SL 4400.00, TP 4295.00 No swaps on majors for a month! Learn more The main factor for gold this week remains the Fed's tightening policy. After raising the rate to 3.75–4.00%, the market anticipates further regulatory steps, and the yield on US ten-year Treasury bonds remains around 5%. High yields on interest-rate instruments limit the attractiveness of gold. Geopolitical tensions in the Middle East sustain safe-haven demand and can restrain XAUUSD from falling. However, as long as inflation risks support expectations of further rate hikes, the monetary-fiscal factor remains more significant. Against this backdrop, the baseline weekly scenario suggests downward pressure on gold. Trading idea: SELL 4370.00, SL 4400.00, TP 4295.00 #SP500: SELL 7675, SL 7725, TP 7550 The US stock market begins the week between the resilience of the technology sector and rising borrowing costs. Following the Fed's rate hike, investors are assessing the probability of further policy tightening, while Treasury bond yields remain high. This creates pressure on company valuations and limits the potential of the broad market. Demand for tech stocks and expectations of stable corporate earnings are currently mitigating this effect. Negotiations between the US and China could also support sentiment. Nevertheless, with yields remaining at elevated levels, the market's sensitivity to capital costs stays high, so the baseline scenario allows for a decline in #SP500. Trading idea: SELL 7675, SL 7725, TP 7550 #BRENT: SELL 98.10, SL 100.10, TP 94.10 Brent starts the week lower amid signs of recovering supplies from Saudi Arabia and hopes for diplomatic contacts between the US and Iran. Saudi export flows increased in September, and shipments through the Strait of Hormuz remain steady. This reduces the immediate risk premium for supply disruptions. However, the situation in the Middle East remains the main source of uncertainty: new attacks could quickly revive concerns about supply, and the IEA points to ongoing tension in the oil balance. Yet, given the current recovery of flows and sustained diplomatic expectations, the baseline weekly scenario allows for further declines in #BRENT. Trading idea: SELL 98.10, SL 100.10, TP 94.10 Up to $20 per lot with real funds - get guaranteed income by joining the promotion Cashback! You can find more analytical information on our website.

Date: 21st September 2026. Bitcoin Price Hits $85K as Stocks Rally: Can BTC Reach $90K?. The Bitcoin price climbed to $85,000 for the first time in eight months on Monday, extending a sharp recovery from below $80,000 as technology stocks rallied and oil prices moved lower. The move puts Bitcoin at an important technical crossroads and raises a broader question for traders: is the latest surge simply a cryptocurrency breakout, or is a wider risk-on trade developing across global markets? Bitcoin is not rallying alone. US equity futures advanced on Monday, led by technology and AI-related stocks, while Asian share markets also moved higher. At the same time, crude oil prices declined by around 2%, helping Treasury yields ease after the sharp rise seen over recent weeks. This combination is particularly interesting because the rally is taking place despite a more restrictive monetary environment. The Federal Reserve raised interest rates last week, bond yields remain elevated and markets continue to consider the possibility of additional tightening. Yet Bitcoin has moved through $85,000 and technology shares are once again attracting buyers. For traders, the interaction between Bitcoin, the Nasdaq, oil and US Treasury yields may therefore provide a better indication of whether the rally can continue than Bitcoin's price alone. Bitcoin Price Breaks $85,000: Why the Level Matters Bitcoin's move to $85,000 comes only days after the cryptocurrency traded below $80,000, highlighting how quickly short-term momentum has changed. The $85,000 level carries more significance than an ordinary point on the chart. It is a major round-number price, represents a fresh high for the recovery and marks a level Bitcoin has not reached for eight months. These psychological levels often attract additional activity because traders may use them to take profits, initiate new positions or adjust existing exposure. Reaching $85,000 therefore demonstrates strong buying momentum, but the next test is whether Bitcoin can remain above it. A brief move through resistance followed by a sharp reversal would indicate that sellers are still active around the level. By contrast, a daily close above $85,000 followed by buyers defending the area during subsequent pullbacks would provide stronger evidence that previous resistance is turning into support. The rally is also notable because Bitcoin has absorbed several potentially negative developments. The Federal Reserve raised rates last week, while the US Senate failed to advance the CLARITY Act, which had been intended to establish a broader regulatory framework for digital assets. The legislation collapsed after months of negotiations and disagreement between lawmakers, banking groups and parts of the crypto industry. Bitcoin initially experienced volatility around these developments but ultimately recovered. That reaction matters because markets sometimes reveal more through their response to negative news than through the news itself. When an asset absorbs bearish developments without extending its decline, it can indicate that selling pressure is becoming less effective. Bitcoin ETF Inflows Recovered as BTC Broke Higher Institutional demand provides another important part of the current Bitcoin outlook. US spot Bitcoin ETFs recorded a modest $6.1 million net inflow between September 14 and September 18, but the weekly total hides considerable volatility underneath. The funds attracted $159.9 million on Monday before investors withdrew $450.4 million on Tuesday and another $295.9 million on Wednesday, producing combined midweek outflows of more than $746 million. The picture changed sharply toward the end of the week. Bitcoin ETFs attracted $159.5 million on Thursday before inflows accelerated to $433 million on Friday. Fidelity's FBTC accounted for $310.7 million of Friday's buying, while BlackRock's IBIT contributed another $108.4 million. The weekly total was therefore close to flat, but the direction of institutional demand changed significantly during the final two sessions. For traders, the next ETF flow reports could be particularly important now that Bitcoin has reached $85,000. Continued inflows alongside a sustained breakout would suggest institutional demand is supporting the move. A return to significant withdrawals, on the other hand, could make traders more cautious about the durability of the rally. ETF flows should not be viewed as the only measure of Bitcoin demand, since they represent activity in US-listed funds rather than the entire global market. However, the strong recovery in flows at the end of last week makes them an important indicator to monitor as Bitcoin attempts to establish itself above $85,000. Why Are Bitcoin and Stocks Rallying Together? Bitcoin's breakout is occurring alongside a broader improvement in equity sentiment. US stock futures moved higher on Monday, with Nasdaq futures gaining more than 1% during early trading as AI-related and technology shares led the advance. Asian equity markets also strengthened, particularly in technology-heavy South Korea and Taiwan. This suggests Bitcoin's rally may not be purely crypto-specific. Instead, several risk-sensitive assets appear to be benefiting from an improvement in investor sentiment. Bitcoin and technology stocks are fundamentally different assets, but both can be highly sensitive to changes in financial conditions. Technology company valuations are particularly affected by interest rates because a large proportion of their value can depend on expected future earnings. Higher bond yields increase the discount rate applied to those earnings, while falling yields can provide some relief. Bitcoin does not generate traditional corporate earnings, but its performance has also frequently been influenced by global liquidity, interest-rate expectations and broader investor appetite for risk. When investors become more willing to hold higher-volatility assets, both cryptocurrencies and technology shares can benefit. This is where another market like crude oil, becomes particularly important. Falling Oil Could Be Helping Bitcoin and the Nasdaq Oil prices declined to an 11-day low on Monday as markets reacted to expectations of potential diplomatic progress involving Iran and signs of a partial recovery in Saudi oil shipments. Brent crude fell by around 2%, while WTI also moved lower. For equity and cryptocurrency traders, the significance of lower oil prices extends beyond the energy market. Oil is an important component of global inflation. Sustained increases in crude prices raise transportation and production costs and can eventually feed through to consumer prices. When inflation pressure rises, investors may expect central banks to maintain higher interest rates or tighten monetary policy further. The reverse can also occur. If oil prices continue to decline, some of the inflation pressure facing central banks could ease. On Monday, the decline in crude contributed to lower US Treasury yields while equity futures moved higher. This creates an important cross-market relationship for traders: lower oil can reduce inflation concerns, which can ease pressure on bond yields and create a more supportive environment for risk-sensitive assets such as technology stocks and Bitcoin. The relationship is not automatic, and many other factors influence these markets. However, as long as oil and Treasury yields remain under pressure while Bitcoin and equities move higher, the broader risk-on argument gains additional support. The Federal Reserve Remains the Main Challenge The major contradiction in the current rally is that monetary policy remains restrictive. The Federal Reserve recently delivered its first rate increase in more than three years, while expectations of further tightening have remained present in financial markets. Bond yields have also risen considerably, creating more challenging financial conditions for both consumers and companies. Bitcoin and technology stocks are therefore not rallying because markets suddenly expect aggressive monetary easing. Instead, they are advancing despite a hawkish Fed. That makes Treasury yields particularly important in determining what happens next. If yields stabilise or continue to fall as oil prices retreat, one of the biggest macroeconomic pressures facing risk assets would become less severe. Bitcoin and technology stocks could potentially benefit from that environment. However, if bond yields resume their climb, the rally could face another significant test. Higher yields make lower-risk fixed-income assets relatively more attractive while increasing financing costs and placing additional pressure on high-valuation growth assets. The current market is therefore testing whether improving risk sentiment can overcome restrictive monetary conditions. Trump-Xi Summit Adds Another Market Catalyst Another important event this week is the meeting between US President Donald Trump and Chinese President Xi Jinping. Xi is scheduled to visit the United States from September 23 to September 25, with Trump and Xi set to meet at the White House on Thursday, September 24. Trade relations are expected to be among the major subjects under discussion. Markets have been paying close attention to US-China relations because changes in tariffs and trade policy can influence global growth expectations, supply chains and technology companies in particular. The summit is therefore another potential source of volatility for equities and, indirectly, broader investor risk sentiment. For traders, the focus will be on concrete developments emerging from the meeting rather than simply whether diplomatic language appears positive or negative. Any material changes involving trade or other economic measures could influence stocks, currencies and commodities and potentially spill over into cryptocurrency sentiment. Bitcoin's breakout is therefore occurring just as another potentially significant macroeconomic catalyst approaches. Bitcoin Technical Analysis: Can $85,000 Become Support? From a technical perspective, Bitcoin reaching $85,000 shifts the question from whether the cryptocurrency can reach resistance to whether it can establish itself above it. Trading activity has increased substantially alongside the rally. Bitcoin futures trading volume has risen by more than 60% over the past 24 hours to approximately $78.6 billion, indicating greater participation as BTC tests the breakout area. Momentum indicators are also strong. The daily Relative Strength Index has reached approximately 70, placing Bitcoin in the traditionally overbought region, while the MACD remains firmly in positive territory. An RSI around 70 does not necessarily mean Bitcoin must reverse. During strong trends, markets can remain overbought for extended periods as momentum traders continue entering the market. However, elevated momentum indicators increase the importance of watching whether price action begins to weaken or diverge from the indicators. The first major level is now $85,000. A firm daily close above it, followed by continued trading above the level, would strengthen the breakout case and shift attention toward the next psychological target. That target is $90,000. If Bitcoin can establish itself above $90,000, the market would increasingly begin to focus on $100,000. However, six figures should not be treated as an automatic destination. Bitcoin would still need to absorb potential selling between $90,000 and $100,000, and stronger ETF demand alongside supportive broader financial conditions would make the technical case more convincing. On the downside, a rapid return below $85,000 would indicate that sellers have successfully defended the breakout area. In that scenario, $80,000 would become the next major psychological level to monitor. A sustained move below $80,000 would weaken the near-term bullish structure considerably. What Should Traders Watch Next? The next phase of Bitcoin's move may become clearer by analysing several markets together. If Bitcoin holds above $85,000 while ETF inflows continue, the immediate technical picture would remain constructive. If Nasdaq and other technology shares advance at the same time, that would suggest the rally is receiving confirmation from broader investor risk appetite rather than being confined to cryptocurrency markets. Oil and Treasury yields provide the other side of the equation. Continued weakness in crude could reduce inflation concerns, while stable or falling yields would ease some of the pressure created by restrictive monetary policy. The strongest cross-market confirmation would therefore be a combination of Bitcoin holding above $85,000, technology stocks continuing to rise, oil remaining under pressure and Treasury yields stabilising or falling. A reversal in those relationships would warrant greater caution. A renewed surge in oil, another sharp increase in bond yields and weakening Bitcoin ETF demand could make it considerably more difficult for BTC to sustain its breakout. Can Bitcoin Reach $90,000 and Eventually $100,000? Bitcoin's move to $85,000 after trading below $80,000 only days earlier represents a significant change in short-term momentum. The recovery in ETF demand, stronger equity markets and decline in oil prices have created a more supportive environment for the cryptocurrency. However, several risks remain. The Federal Reserve continues to maintain a restrictive stance, Treasury yields remain elevated, Bitcoin's momentum indicators are stretched and geopolitical developments could quickly change investor sentiment. For now, $85,000 is the key level determining whether Bitcoin's breakout can develop into a larger move. Holding above it would keep $90,000 in focus, while a successful move through $90,000 could gradually strengthen the technical case for a future test of $100,000. For traders, though, Bitcoin's chart should not be viewed in isolation. The more important story may be developing across markets. If Bitcoin and technology stocks continue rising while oil falls and Treasury yields remain contained, the current move would increasingly resemble a broader risk-on rotation. If those relationships begin to reverse, Bitcoin's $85,000 breakout could face its first serious test. Always trade with strict risk management. Your capital is the single most important aspect of your trading business. Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HFM Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE! Click HERE to READ more Market news. Andria Pichidi HFMarkets Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

BTCUSD aims to set a new local high BTCUSD recovered from the decline that followed the Federal Reserve's rate hike. The current price is 81,550. Technical outlook BTCUSD is trading in an uptrend. The price is testing the resistance level at 81,885 USD. Support has formed at 74,890 USD. The price has been trading within this range since the end of August this year. In the short term, BTCUSD is in a consolidation phase, while the fundamental backdrop is more likely to restrain growth. Read more - BTCUSD Forecast Attention! Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews. Sincerely, The RoboForex Team

XAUUSD corrects, but record ETF inflows support gold Physically backed gold ETFs attracted 18 billion USD in August, which could provide long-term support for gold. The current price is 4,355 USD. XAUUSD forecast: key takeaways The Federal Reserve maintains a clear signal on the future course of monetary policy According to the World Gold Council, physically backed gold ETFs attracted 18 billion USD in August XAUUSD forecast for 21 September 2026: 4,430 and 4,315 Fundamental analysis The XAUUSD price forecast for today, 21 September 2026, shows that gold is forming a corrective wave and testing the 4,355 USD level. At its 15–16 September meeting, the Federal Reserve raised the rate by 0.25 percentage points to 4.00% and maintained a hawkish signal on the future course of monetary policy. RoboForex Market Analysis & Forex Forecasts Attention! Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews. Sincerely, The RoboForex Team

Fundamental Market Analysis for September 21, 2026 EURUSD EURUSD: A month without swaps on majors! Learn more The euro begins the session without clear support after the ECB previously raised rates by 25 basis points. The decision itself has already been largely priced in, and the regulator's recent comments indicate caution regarding further tightening, primarily due to high energy costs. For EUR/USD, this reduces the strength of the local factor in favor of the single currency. The dollar retains stronger short-term momentum. On September 16, the Fed raised its rate range to 3.75–4.00%, and most officials expect at least one more hike by year-end. Additional support for the US currency comes from fresh statements indicating that inflation remains too high, so the market continues to price in the possibility of further policy tightening. The interest rate differential still favors the US, while for the eurozone, expensive energy simultaneously poses inflationary and economic risks. Despite the previous sessions' decline in EUR/USD, the dollar factor does not appear fully exhausted. With current expectations maintained, the priority remains a moderate continuation of the pair's decline. Trading idea: SELL 1.1485, SL 1.1515, TP 1.1410 Up to $20 for each lot in real money - get a guaranteed income by connecting Cashback promotion! You can find more analytical information on our website.

I’d start small and slow, testing every strategy on a demo first. Getting a regulated broker is non-negotiable for me, and I’d never risk money I can’t afford to lose.

EURUSD continues to decline under selling pressure EURUSD continues to fall with a minor correction, while the global trend remains downward. Technical outlook On the D1 chart, resistance is located at 1.1655, while support is at 1.1460. On the H4 chart, support nearly coincides with this level at 1.1455, while resistance has formed at 1.1545. The fundamental backdrop for EURUSD remains moderately negative. Read more - EURUSD Forecast Attention! Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews. Sincerely, The RoboForex Team

XAUUSD maintains bullish momentum after the Federal Reserve meeting XAUUSD is rising for a second consecutive trading session after rebounding from strong support. The current price is 4,367 USD. XAUUSD forecast: key takeaways The probability of a Federal Reserve rate hike in October is estimated at 53.1%, according to CME FedWatch US initial jobless claims fell by 10,000 to 196,000 XAUUSD forecast for 18 September 2026: 4,575 Fundamental analysis XAUUSD is rising for a second consecutive trading session. Buyers held the 4,250 USD support level and then began testing the 4,395 USD resistance level more actively. The Federal Reserve's decision to raise the key interest rate by 25 basis points removed a source of uncertainty and helped improve investor sentiment. According to traders' average forecast, the key rate could be raised by another 25 basis points before the end of 2026. Market participants currently assess the probability of another rate increase at the October meeting at 53.1%, according to CME FedWatch. RoboForex Market Analysis & Forex Forecasts Attention! Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews. Sincerely, The RoboForex Team

[B]Date: 18th September 2026.[/B] [B]Why Is the Japanese Yen Falling After the BoJ Rate Hike?[/B] The Bank of Japan has raised rates to their highest level since the 1990s, but the Japanese Yen is still declining? The US Dollar rose 0.75% against the Japanese Yen in the hours after the announcement. The Japanese Yen is currently the worst-performing currency of the day and the week. Why is the Japanese Yen declining? Bank of Japan - Rate Hike Not Enough When Global Banks Outpace You The Bank of Japan’s main interest rate has risen from 1.00% to 1.25%, the highest since 1995. The BoJ has also hiked the fastest pace since 1990. Hikes and higher interest rates are traditionally positive for the currency. However, the Japanese Yen is coming under immense pressure in the short term. The main reason for the decline is the split decision and the general central bank stance in September. In September, the Federal Reserve, European Central Bank, as well as others, took a relatively hawkish tone. As a result, economists believe most central banks will continue hiking in autumn and winter. Therefore, for the Japanese Yen to gain, the Bank of Japan needed to sound equally hawkish. The main issue for the market was the split decision. The Federal Reserve and European Central Bank made unanimous decisions to increase rates, whereas the Bank of Japan’s voting committee saw two members vote for a pause, not a hike. Toichiro Asada and Ayano Sato voted against the hike, signalling some resistance to accelerating the pace of rate increases to the fastest level in more than three decades. Previously, investors were expecting a rate hike from the BoJ, with a further hike in December. Now, the market is likely to remove the pricing for an additional hike. Lastly, the BoJ is expected to keep rates unchanged for the rest of the year, while other central banks may raise rates by another 0.25%. This wider interest-rate gap could weaken the Japanese Yen and make it more attractive again for carry trades. Lastly, the Japanese Yen was trading more than 5% higher against the US Dollar meaning investors looking to buy would have found the USD/JPY attractive. Technical analysis for the Japanese Yen will follow below. USD/JPY - Technical Analysis HFM - USDJPY 15-Minute Chart On the 5-minute and 30-minute charts, USD/JPY remains strongly bullish following the BoJ decision. The price is clearly trading above key moving averages and at elevated levels on oscillators. Short-term momentum remains positive, although the sharp rise has pushed the market into overbought territory. Even though the RSI indicates that the price is overbought, price action will not indicate a bearish move unless the price falls below 156.870. On the 4-hour chart, the broader recovery remains bullish after USD/JPY rebounded from 152.89 earlier this month and broke above the important 156.50 resistance area. Holding above this level would keep buyers in control, with 157.70-158.00 becoming the next area to watch. However, a move back below 156.50, and particularly below 155.45, would weaken the bullish structure and increase the possibility of a deeper correction. GBP/JPY - Technical Analysis The British Pound is also one of the weakest-performing currencies of the week, and the Bank of England was one of the only central banks to pause in September. Nonetheless, on the 5-minute and 30-minute charts, GBP/JPY is showing strong bullish momentum following the BoJ decision. Moving averages are firmly positive and momentum indicators remain bullish, although the RSI has moved into overbought territory, suggesting the possibility of a short-term pullback. Immediate resistance is around 210.10-210.35, followed by 210.70, while 209.40 and 208.80 are the main short-term support areas. On the 4-hour chart, the broader structure also remains bullish, supported by the latest breakout above 209.00. As long as GBP/JPY holds above 208.50-209.00, buyers remain in control, and a sustained break above 210.35-210.70 could open the way for further upside. HFM - GBPJPY 30-Minute Chart Key Takeaways: The BoJ raised its policy rate to 1.25%, the highest level since 1995. The Yen weakened as the split vote reduced expectations for further near-term rate hikes. A wider interest-rate gap with other major central banks could continue to pressure the Yen. USD/JPY and GBP/JPY remain technically bullish, although short-term momentum is approaching overbought levels. [B]Always trade with strict risk management. Your capital is the single most important aspect of your trading business.[/B] [B]Please note that times displayed based on local time zone and are from time of writing this report.[/B] Click [URL='https://www.hfm.com/hf/en/trading-tools/economic-calendar.html'][B]HERE[/B][/URL] to access the full HFM Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click [URL='https://www.hfm.com/en/trading-tools/trading-webinars.html'][B]HERE[/B][/URL] to register for FREE! [URL='https://analysis.hfm.com/'][B]Click HERE to READ more Market news.[/B][/URL] [B]Michalis Efthymiou HFMarkets[/B] [B]Disclaimer:[/B] This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

Fundamental Market Analysis for September 18, 2026 USDJPY Event to watch today: 09:30 EET. JPY - Bank of Japan Press Conference USDJPY: A month without swaps on major pairs! Learn more The Bank of Japan raised its rate from 1.00% to 1.25%, reaching the highest level in 31 years. The decision was made by a majority of seven to two and aimed at limiting the risk of exceeding the inflation target. However, the hike was already expected by the market, so the fact of tightening did not provide the yen with sustained strengthening, and USD/JPY remained above 156. The interest rate differential between the US and Japan has narrowed but remains significant. The Fed raised its target range to 3.75–4.00% and sent a stronger signal regarding future actions. Against this backdrop, carry trades continue to support the dollar, especially if Bank of Japan comments do not convince the market of readiness to accelerate subsequent hikes. Upside potential for USD/JPY is limited by further normalization of Bank of Japan policy and authorities' sensitivity to yen weakness. Nevertheless, the initial reaction shows that the anticipated rate hike was largely already priced in. As long as the US regulator maintains a higher rate and allows for further tightening, the basic fundamental scenario remains in favor of moderate pair growth. Trade idea: BUY 156.20, SL 155.80, TP 157.20 Get a 300% bonus on every deposit of $100 or more and increase your trading volume! You can find more analytical information on our website.

The Fed Raised Rates, Yet Gold Is Still Rising! The gold market has once again surprised investors. After the Fed raised its interest rate by 25 basis points to 3.75–4.00% on September 16, gold did not continue falling. Instead, it reversed higher. On September 17, XAUUSD gained around 1.6% and rose toward $4,330 per ounce, even though prices had fallen to approximately six-week lows just the day before. At first glance, this reaction may seem illogical: higher interest rates usually strengthen the dollar and reduce gold’s appeal. But this time, the market reacted differently — and that is the key to understanding the current move. A month without swaps on major pairs! Learn more Why Is Gold Rising Despite Higher Rates? The rate hike had already been priced in. The Fed’s decision itself did not come as a surprise to the market. Therefore, after the announcement, some market participants began closing their previous short positions in gold. Investors are focused not on the hike itself, but on what comes next. The Fed has indeed maintained a hawkish tone and left the door open to another rate hike before the end of the year. However, the market has already started assessing how far the regulator can actually go if the economy begins to slow down. The oil rally has paused. Reduced pressure from oil prices has somewhat eased concerns about another wave of inflation. This is important for gold because it lowers the risk of even more aggressive Fed tightening. Demand for safe-haven assets remains strong. Despite the rate hike, geopolitical tensions in the Middle East and overall nervousness in global markets have not disappeared. This continues to support interest in gold as a safe-haven asset. For the market, it is now important not only to consider the current interest-rate level, but also how quickly the Fed can continue tightening without causing serious damage to the economy and stock market. This is why gold has an opportunity to recover: investors have seen that a hawkish Fed decision does not necessarily mean an automatic continuation of the XAUUSD sell-off. According to FreshForex analysts, the current gold recovery shows that the market is still willing to buy XAUUSD dips when signs of stabilization emerge. If prices hold above the $4,300 area, buyers may attempt to extend the move toward $4,400–4,500. FreshForex offers 250+ trading instruments, including metals with leverage of up to 1:1000. Invest in Gold

JP 225 could rise on a weaker yen and lower oil prices The JP 225 index is struggling to recover for a second consecutive session following the yen's decline and lower oil prices. The current price is 64,161. JP 225 forecast: key takeaways The yen's decline following the Federal Reserve's decision improves the outlook for export-oriented Japanese companies Lower oil prices reduce pressure on Japan's economy, which is highly dependent on energy imports JP 225 forecast for 17 September 2026: 64,860 and 65,450 Fundamental analysis The Nikkei 225 index is gaining around 0.5% on Thursday and rising above 64,200, while the broader Topix is up approximately 1%. Japanese equities continue to recover even after the Federal Reserve raised interest rates and signalled the possibility of further policy tightening. One of the main factors supporting the market has been the yen's decline against the US dollar following the Federal Reserve's decision. RoboForex Market Analysis & Forex Forecasts Attention! Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews. Sincerely, The RoboForex Team

USDJPY weakens as the dollar strengthens after the interest rate hike The US dollar is strengthening after the Federal Reserve raised interest rates and signalled further monetary policy tightening. The current USDJPY price is 155.62. Technical outlook On the daily chart, USDJPY has formed a support level at 152.95. The nearest resistance level is around 156.75. On the H4 timeframe, support is located near 154.95, while resistance has formed at 156.40. As a result, a moderately positive near-term scenario is developing for USDJPY. Read more - USDJPY Forecast Attention! Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews. Sincerely, The RoboForex Team