Analyzes

Bitcoin is struggling at the 200-day EMA as higher US yields weigh on risk appetite, but strong ETF inflows keep the broader bullish recovery alive.

The US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, starts the week on a positive note, as oil prices extend its advance due to fears that the war between the United States (US) and Iran will resume.

Gold is trading back above $4,500 in Asia on Monday, attempting a recovery from seven-week lows near $4,480 amid renewed escalation in the conflict between the United States (US) and Iran.

Highs for the EUR/USD last week occurred on Monday when the 1.17890 vicinity was traversed, but as the week moved on negative momentum overtook the currency pair, and it went into this weekend near lows around the 1.16250 ratio.

Markets saw a firm resumption of risk-off sentiment towards the end of last week on rising yields, an advancing US Dollar, and the prospect of imminent renewed military clashes between the USA and Iran.

WTI Crude Oil futures went into this weekend above the $100.00 realm, finishing around the $100.650 ratio and early trading on Monday is likely to remain within nervous highs.