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Shaky start to the week as markets focus on geopolitics and US yields.

This is what you need to know to trade today monday april 11:

The American dollar The new week has started on the defensive and the DXY dollar index has opened with a big bearish hole. Nevertheless, Negative change in risk sentiment seen early on Monday helps dollar regain strength. In addition, US Treasury yields continue to rise amid prospects for an aggressive tightening of monetary policies by the Fed. The economic calendar will not feature any high-level data releases and investors will focus on speeches from the Fed. the fed

According to the news, Russia has continued to bombard the Donetsk and Luhansk regions, in eastern Ukraine, over the weekend. Additionally, White House National Security Adviser Jake Sullivan said Sunday that Ukrainian forces were able to successfully push back Russian troops so that they would be forced to retreat and regroup. There is no news that points to any progress in the peace talks.

US stock index futures are losing 0.5% to 0.7%, reflecting the risk aversion sentiment in the market. The DXY index is now clinging to small daily gains slightly below the 100.00 level and the benchmark 10-year US bond yield is up more than 2% on the day at 2.76%.

In the meantime, Emmanuel Macron has won the first round of the French presidential election with 27.6% of the vote, compared to 23.4% for Marine Le Pen. The two candidates will meet again in the second round. The latest Ipsos poll shows Macron leading Le Pen, 54% to 46%, in the second round.

After registering your Lowest weekly close in almost two years below 1.0900 on Friday, the EUR/USD It started with a big gap to the upside, but has given back its gains during the Asian session. At time of writing, the pair is trading little changed around 1.0880.

The GBP/USD is having a hard time posting a convincing recovery and hovers near 1.3000. UK data on Monday showed that the British economy grew just 0.1% in Februarycoming in below the market expectation of 0.3%.

The USD/JPY It is regaining its traction on rising US Treasury yields and is now approaching the 125.00 level.

The Prayed attracts safe-haven interest early on Monday and remains relatively resilient despite rising US yields. At time of writing, XAU/USD is trading in a tight channel above $1,940.

The Bitcoin It has been virtually flat over the weekend, but ended up losing almost 10% on the week. BTC/USD is trading sideways above $42,000 on Monday. The ethereum it bounced back on Saturday, but lost those gains on Sunday before entering a consolidation phase near $3,200 at the start of the week.

Source: Fx Street

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