Light Monday Calendar [Video]

Dukascopy Bank Team Dukascopy Bank SA

Preliminary Japanese Machine Tool Orders for October open this agenda at 6 o’clock in the morning. The total value of machine tool orders in September was 153 billion yen, rising 2.9% compared to the same month of the previous year. This was the 22nd consecutive month of year on year growth. New Zealand Food Price Index for October then follows at a quarter to 10 PM. Food prices slipped by one tenth of a percent month on month in September after dropping by a half a percent in August. And last up is the Australian NAB Business Survey for October at a half past midnight. Business confidence ticked up by one point to plus 6 in September, remaining around its long-run average.

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Dukascopy Bank SA

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EUR/USD hits two-day highs near 1.1820

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GBP/USD reclaims 1.3600 and above

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Gold climbs further, focus is back to 45,000

Gold regains upside traction and surpasses the $4,900 mark per troy ounce at the end of the week, shifting its attention to the critical $5,000 region. The move reflects a shift in risk sentiment, driving flows back towards traditional safe haven assets and supporting the yellow metal.

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Bitcoin edges up above $65,000 at the time of writing on Friday, as dust from the recent macro-triggered sell-off settles. The leading altcoin, Ethereum, hovers above $1,900, but resistance at $2,000 caps the upside. Meanwhile, Ripple has recorded the largest intraday jump among the three assets, up over 10% to $1.35.

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Ripple is accelerating its recovery, trading above $1.36 at the time of writing on Friday, as investors adjust their positions following a turbulent week in the broader crypto market. The remittance token is up over 21% from its intraday low of $1.12.