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MARKET SNAPSHOT
Risk-on. The market shifted gears this week.
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01
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Crypto surged. Bitcoin cleared $71K and Ethereum followed with a near 8% gain as risk appetite came back strong.
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02
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The dollar pulled back to 99.00 after Fed minutes confirmed rate cuts are still in play for 2026.
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03
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Iran cease-fire news cut safe haven demand. Gold dipped while equities and tech names pushed higher.
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PRICE ACTION BREAKDOWN
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Week of Apr 06-10, 2026
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Gold (XAU/USD)
▼ -0.24%
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Slipped to $4,753. Cease-fire reduced safe haven flow.
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BTC/USD
▲ +6.73%
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Jumped to $71,442. Tech rally and weaker dollar fuelled the move.
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EUR/USD
▲ +0.65%
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Rose to 1.1667. Dollar weakness on Fed rate cut bets drove the pair.
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NAS100
▲ +4.10%
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Surged to 22,635. AI stocks led the charge after Iran ceasefire news.
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US Dollar (DXY)
▼ -0.54%
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Dropped to 99.00. Fed minutes showed officials still expect cuts ahead.
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ETH/USD
▲ +7.86%
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Soared to $2,215. Followed Bitcoin higher on broad risk-on sentiment.
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ON THE RADAR
Can Bitcoin hold $70K? That is the key level to watch. A close below it would signal the rally is losing steam.
Oil and Iran headlines will continue to set the tone. If the cease-fire holds, expect more dollar weakness and further upside in equities and crypto into the end of the week.
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www.hankox.com
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