Market View: Friday, March 13, 2026

Alex Solo
Alex
Solo

The US dollar index stays strong for the second straight week; gold rebounds after its two-day decline; EURUSD is under pressure due to the strong USD;  Bitcoin is rising because of the inflows into Bitcoin ETFs.

  • The USD rose to a three-month high with the capital moving into it as a safe-haven asset.
  • XAUUSD is recovering after the recent drop, and the price stays near the $5,100 zone.
  • EURUSD struggles to rise, losing the 1.15000 support line.
  • Bitcoin reached the $72,000 mark as investors search for alternative assets.

Today’s focus

US GDP (QoQ) (Q4) due at 14:30 MT time

FX snapshot

XAUUSD

Gold has had a sharp correction recently, but the buyers are returning. However, the metal heads are for back-to-back weekly losses.

EURUSD

The pair touched its four-month low as the USD gained.

BTC

Bitcoin held gains as oil prices pulled back. President Trump’s Administration seemed to trigger the crypto rally, commenting on taking the oil market’s measures.

PairKey supportKey resistanceBias
XAUUSD5,0505,120Corrective
EURUSD1.146001.15000Bearish
BTC69,50072,000Bullish

Market sentiment

The current market’s mood can be described as “nervous optimism”. Investors are balancing between risk-off and risk-on stances. Oil remains one of the main market drivers. Meanwhile, XBRUSD hovers around $100. Each day the conflict continues – and by now few doubt it will last at least until the end of March – will increase both the current loss of oil supply and the medium-term supply disruptions.