Market View: Thursday, April 2, 2026
The US dollar index is up again; gold tumbles as oil surged due to the new Middle East escalation phase; EURUSD declined as the USD gained; Bitcoin slid by 2% due to the escalated fears.
- The US dollar pushed higher as Trump promised continuous strikes on Iran.
- XAUUSD declined to $4,560 as oil surplused 7% intraday.
- EURUSD pulled back to 1.15200 as USD regained strength.
- Bitcoin failed to break the $68,200 resistance, currently losing $2,000.
Today’s focus
| US Initial Jobless Claims due at 15:30 MetaTrader time. |
FX snapshot
XAUUSD
Gold will try to find support at $4,600 should oil stop rising quickly.
EURUSD
The pair dipped as Middle East uncertainties elevated.
BTC
Bitcoin declines, showing the weakened current demand for crypto.
| Pair | Key support | Key resistance | Bias |
| XAUUSD | 4,600 | 4,650 | Corrective upside |
| EURUSD | 1.15200 | 1.15500 | Stabilizing |
| BTC | 66,200 | 67,000 | Consolidating |
Market sentiment
The market digests the recent Trump announcements, which fueled fears for further Middle East escalations. Yesterday’s hopes over the swift end of the conflict vanished, bringing the mood back to a cautious waiting phase.
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