Market View: Friday, March 6, 2026
The US dollar index is trying to hold its strength ahead of NFP; Gold remains relatively strong, staying near $5,120; EURUSD trades within a 1.15700–1.16200 range; Bitcoin hovers near the $71,000 area.
- The USD remains near the important 99.20 resistance level, suggesting a weak NFP report could trigger a sharp reversal.
- XAUUSD heads for its first weekly decline in more than a month.
- EURUSD stays neutral ahead of the report.
- BTC is flat, too.
Today’s focus
| US Nonfarm Payrolls (Feb) due at 15:30 MT time |
FX snapshot
XAUUSD
Historically, gold often produces false moves before the NFP report; currently, it moves within the $5,080–$5,150 channel.
EURUSD
EURUSD has been relatively weaker, and if US data comes out strong, the euro could accelerate its further decline.
BTC
BTC trades within a mixed environment as growing bitcoin settlements currently hold the ground of that risky asset.
| Pair | Key support | Key resistance | Bias |
| XAUUSD | 5,080 | 5,150 | Neutral |
| EURUSD | 1.15800 | 1.16200 | Neutral |
| BTC | 70,300 | 71,600 | Neutral |
Market sentiment
The overall sentiment this morning can be described as cautiously neutral. Traders prefer positioning ahead of the NFP report rather than taking directional bets. If the labor market is cooling, the Fed may cut rates sooner. Conversely, it could keep them higher for longer.
