Finance: News, Insights, Predictions

Bitcoin has surpassed $113,600, confirming a bullish inverse head and shoulders pattern. However, bulls may encounter resistance at the 50-day simple moving average of $114,700.

The Central Bank of Azerbaijan has decided to keep the refinancing rate steady at seven percent, which is consistent with the lower limit of the established interest rate corridor.

The meteorological agency has released a 10-day weather forecast for the entire country, indicating that the North will experience sunshine starting from September 12, following a series of stormy days.

According to the Vietnam Petroleum Institute's gasoline and oil price forecast model, retail gasoline and oil prices are expected to fluctuate during the operating period on September 11.

During the operating period on September 11, 2025, retail gasoline prices are expected to experience a slight decrease of 0.2 to 0.5% compared to the previous period.

Fitch has increased its growth forecast for Turkey’s economy, estimating that the country's GDP will rise by 3.5% this year, surpassing the projections made by the Turkish government.

Turkey's medium-term economic programme projects inflation to reach 28.5% in 2025 and decline to 16% in 2026, with expectations of falling to single digits starting in 2027.

Global banks are expressing skepticism about the Turkish central bank's optimistic view on inflation risks. They anticipate a slowdown in the pace of interest-rate cuts moving forward.

The USD/BRL is currently trading around 5.4350, maintaining a narrow range as investors await crucial U.S. inflation data. The upcoming Producer Price Index (PPI) and Consumer Price Index (CPI) releases are expected to create volatility as traders assess the potential for a Federal Reserve rate cut.

The USD/JPY currency pair remains stable as the non-farm payroll revision shows a decrease of 911,000 jobs. Additionally, expectations for Federal Reserve interest rate cuts are increasing, while yen crosses are testing resistance levels amid risk-averse market conditions.

The pound to dollar exchange rate (GBP/USD) increased to 1.3555, reflecting a gain of 0.22%. This change follows the announcement of a key inflation measure that rose in August, albeit at a lower rate than anticipated.

Shares of Anglo American have surged following the announcement of a merger with Canada's Teck, marking one of the largest deals in the mining sector.

Producer inflation in the United States, indicated by the Producer Price Index (PPI), decreased to 2.6% year-over-year in August, falling short of the 3.3% forecast.

GBP/USD is currently maintaining its position above the $1.3519 pivot point, indicating a bullish outlook as traders anticipate the release of today's US CPI data. Key support is identified at 1.3500, while resistance levels remain to be determined.

The FTSE 100 index reached a two-week high, but the rally appears to be losing momentum. Meanwhile, the pound experienced fluctuations against the dollar. Additionally, the owner of Primark saw its shares drop significantly, marking the largest decline since the pandemic.

The Pound to Dollar (GBP/USD) exchange rate reached a peak of 1.3590 in Europe on Tuesday, but then experienced a slight decline, settling below 1.3550. The overall market sentiment remains robust.

GBP/USD is trading above 1.3500 during the European session on Wednesday, following a slight decline on Tuesday. The currency pair may draw in technical buyers if it breaks through key resistance levels.

The British pound experienced a notable rally during Tuesday's trading session, reflecting significant volatility in the GBP/CHF pair.

The GBP/USD pair remains steady around the 1.3550 mark for the third consecutive day, following the recent US inflation report that indicated a slowdown in price growth. This data has heightened expectations for a potential interest rate cut by the Federal Reserve.

The British Pound's recent gains have hit a significant resistance level, causing the GBP/USD pair to pause near its highest point in several weeks. The weekly trading range is established just below this point.

The BRICS nations are exploring the creation of a new currency aimed at competing with the US dollar and have recently unveiled plans for a blockchain-based payment system.

The analysis of EUR/USD prices indicates that rising geopolitical tensions have heightened the demand for the safe-haven dollar.

The EUR/USD currency pair is currently trading around 1.1750 and appears to be forming a developing uptrend channel. Key Fibonacci support levels are identified at 1.1700 to 1.1680, while resistance is observed between 1.1810 and 1.1880.

The EUR/USD exchange rate fell to 1.1705 following disappointing US jobs data and rising geopolitical tensions. However, the divergence in monetary policy between the Federal Reserve and the European Central Bank could drive the euro towards the 1.200 level.

The exchange rate between the Pound and the Canadian Dollar (GBP/CAD) remained stable on Wednesday. Despite an increase in crude and Brent oil prices, the Canadian Dollar did not strengthen significantly amid ongoing trade concerns.