Market View: Monday, February 16, 2026

The US dollar trades in a narrow range; gold slipped from the $5,000 level, staying neutral; EURUSD remains range-bound due to the US national holiday; Bitcoin maintains its recent, continued consolidation structure.

• The US dollar index is trading below average volumes, making most technical moves. As long as the US has its national holiday today, large players will be mostly inactive, and the market will move without any strong momentum.
• Gold slightly slipped from the $5,000 elevated level. Due to the day-off at the American markets, the metal lacks a catalyst for a sharp move.
• There are no major macro releases today; thus, speculative moves are possible within EURUSD, but are unlikely to extend.
• Bitcoin shows cautious optimism. The pair trades within the $65,000 - $70,000 range, showing continued consolidation. 

FX snapshot

XAUUSD

Gold is staying neutral to slightly positive. Despite the numerous attempts to break the $5,100 resistance, it still maintains its bullish structure. However, the selling pressure elevated every time the metal reached the key level, spotting the buying momentum ain’t that strong currently.

EURUSD

EURUSD will trade little changed and quietly today.

BTC

Bitcoin has generally declined by 30% from its year-highs reached in January ($98,000). However, that sort of price action isn’t obligatory to be repeated and translated over the rest of the period.

Market sentiment

The market will face thinner liquidity due to the US holiday – hence, trading is likely to be more technical today. There’s a low probability of strong moves, but the risk of false breakout persists, nevertheless. Stronger impulses are more likely starting Tuesday.