The Canadian Dollar has reached its weekly uptrend support around 1.3950 [Video]

EUR/USD has recovered part of the recent steep pullback, approaching three-day highs around 1.1650 due to the renewed weakness of the Greenback. Meanwhile, investors continue to evaluate President Trump's recent threats to impose new tariffs on several EU countries.

GBP/USD reverses the earlier pullback and manages to pick up strong upside traction on Monday, climbing to as high as the 1.3440 zone. Cable’s sharp bounce comes in response to the fresh selling interest hurting the Greenback amid the resumption of tariff jitters.

Gold opened the week on a strong footing, attracting heavy buying and pushing to a new record high near $4,700 per troy ounce. A more cautious market mood followed President Trump’s threat to impose tariffs on eight European countries opposing his plan to acquire Greenland, helping to keep the yellow metal well supported.

Cryptocurrency investment products recorded $2.17 billion in net inflows last week, their largest positive flows since the October 10 leverage flush, according to CoinShares weekly report.

Markets opened the week like a risk engine hitting a pothole at speed. Equities stepped back, gold vaulted to fresh highs, Treasuries caught a bid, and the dollar, outside of havens, took on a soft bid. This was not a data-driven wobble or a valuation purge.

Meme coins, such as Dogecoin, Shiba Inu, and Pepe, extend the decline from last week, with a roughly 3% drop on Monday. The meme coins trade below the crucial moving averages, aiming for the immediate support to potentially reset the momentum.