Crypto ruling, equities waiting

Frank Walbaum

Important news for the day

Crypto as collateral?

Jamie Dimon, the CEO of JPMorgan, is exploring ways to potentially make use of funds help in cryptocurrencies as potential collateral. This move aims to move more digital in the banking sector. Whether this will indeed be implemented and for what tokens like Bitcoin and Ethereum can be used has not been mentioned, yet. In order to use tokens to borrow FIAT money still needs to be discussed as well as ways on how to keep them should customers fail to repay debt. In general it marks a milestone as Dimon once pointed out that cryptocurrencies are a big fraud.

Market talk

After a weaker CPI reading out of New Zealand the Kiwi started to lose some momentum against other currencies. the Dollar is gearing up some steam and also the AUD is losing slightly against the Greenback. The risk sentiment in equities remains solid and positive earnings out of the US support indices like the S&P 500 and Nasdaq. yesterday, Verizon was able to push higher by about 5% as expectations have been exceeded. This week might remain positive in terms of US earnings currently supporting markets as well. The EUR seems also able to gear up steam again. The EURUSD currency pair is currently rising as the 1.1700 level might be tested soon.

Tendencies in the markets

Equities positive, USD mixed, Bitcoin positive, ETH strong, oil weaker, Silver positive, Gold positive, JPY weak.

Author

Frank Walbaum

AUD/USD bounces back toward 0.6950 on fresh USD supply

AUD/USD bounces back toward 0.6950 in the Asian session on Friday. The US Dollar retreats from 17-month highs as traders take profits off the table ahead of the all-important US Nonfarm Payrolls report. Meanwhile, the Australian Dollar draws support from reviving expectations of a November interest rate hike amid elevated global yields and inflation risks.

USD/JPY struggles near 158.00 as USD retreats ahead of NFP

USD/JPY is struggling for fresh impetus near 158.00, moving away from the top end of its weekly range in the Asian session on Friday, after hotter-than-expected Tokyo CPI and amid a broad US Dollar retreat. Traders reposition themselves ahead of US Nonfarm Payrolls.

Gold fades the earlier optimism; back below $4,200

Gold could not sustain the post-NFP bull run past the $4,200 mark per troy ounce, receding toward the $4,180 region at the end of the week. The precious metal’s inconclusive price action comes amid fresh selling pressure hurting the US Dollar as investors assess the latest NFP data.

Crypto Today: Bitcoin, Ethereum and XRP gains reinforce bullish outlook

Cryptocurrency prices are broadly recovering on Friday, led by Bitcoin moving above $86,000. Ethereum has reaffirmed its bullish outlook, rising above $2,700 while the immediate area at $2,800 caps upside. Meanwhile, Ripple hovers near $1.54.

Week ahead – Fed minutes in the spotlight amid bond market rout

Energy crisis and soaring bond yields to stay in driver’s seat in quiet week. Fed minutes eyed after drop in October rate hike bets. ISM services PMI and Treasury auctions to be watched too. Canadian employment, Japanese wages and ECB minutes also on tap.

The Euro is near a one-year low: Inflation could trigger its rebound, not its fall

EUR/USD has fallen to its lowest level since May 2025. The pair hit 1.1312 on Wednesday and trades well below the January peak of 1.2082. The decline reflects a powerful combination of US Dollar strength, geopolitical uncertainty and renewed concerns about Europe's exposure to higher energy prices.