TRENDING:

GBP/USD

XAU/USD

Crypto ruling, equities waiting

Frank Walbaum FX Strategies.Asia

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

FX Strategies.Asia

Frank has been working in the TV business for several years. Acquiring his skills in Germany’s biggest broadcasting station, he then chose to work and live in Asia, which was in 2007.

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

Editor's Picks

EUR/USD stays bid above 1.1700 as risk flows dominate

EUR/USD posts small gains above 1.1700 in early European trading hours on Monday. The US Dollar remains broadly subdued amid a risk-on market profile, underpinning the pair.

GBP/USD clings to recovery gains near 1.3400

GBP/USD is clinging to recovery gains near 1.3400 in early Europe on Monday. The pair capitalizes on an upbeat market mood and a steady US Dollar as traders digest the recent

monetary policy decisions by the Fed and the BoE.

Gold hits fresh record highs above $4,400 amid renewed geopolitical woes

Gold is hitting fresh record highs above $4,400 early Monday, helped by renewed geopolitical tensions. Israel-Iran conflict and US-Venezuela headlines drive investors toward the traditional store of value, Gold.

Bitcoin, Ethereum and Ripple eye breakout for fresh recovery

Bitcoin, Ethereum, and Ripple are approaching key technical levels at the time of writing on Monday as the broader crypto market stabilizes. Market participants are closely watching whether BTC, ETH, and XRP can sustain breakouts and achieve decisive daily closes above nearby resistance levels, which could signal the start of a short-term recovery.

De-dollarisation by design: Gold’s partner in the new system

You don’t need another 2008 for the system to reset. You just need enough nations to stop settling trade in dollars. And that’s already happening. "If gold is the anchor, what actually moves value in a post-dollar world?” It’s a question most gold investors overlook. We think in terms of storage and preservation, but in the new rails being built, settlement speed matters just as much as soundness of money.

Hyperliquid price forecast: Bullish interest builds amid user recovery

Hyperliquid (HYPE) trades at $25 at press time on Monday, holding the 3% gains from the previous day. The perpetual exchange sees a recovery in active users, while weekly fees collected decline to the lowest level so far this month.