Market View: Thursday, March 26, 2026
The US dollar remains structurally strong; gold declined by 1.2% intraday; EURUSD remains under pressure below 1.15600; Bitcoin approaches the lower border of the $69,000–$71,000 range.
- The US dollar is strong by default.
- XAUUSD stays as a fear indicator, losing gains from the previous session.
- EURUSD shows no clear catalyst for its sustained strength yet.
- Bitcoin shows volatile fluctuations both ways but lacks a stable trend.
Today’s focus
| US Initial Jobless Claims due at 14:30 MT time |
FX snapshot
XAUUSD
Gold declined by 15% month-to-date amid surging energy prices, fueling inflation fears.
EURUSD
The pair has a bearish structure, although the ECB President pointed out the possibilities of a rate hike in the eurozone, should the US-Iran war persist.
BTC
Bitcoin would keep trading sideways until the risk appetite partly returns.
| Pair | Key support | Key resistance | Bias |
| XAUUSD | 4,400 | 4,600 | Consolidating |
| EURUSD | 1.15400 | 1.15700 | Moderately bearish |
| BTC | 69,000 | 71,000 | Range-bound |
Market sentiment
The market stays in a low conviction stance as risk-taking is currently capped. The asset's behaviour reflects that investors are no longer buying “hope” but pricing in uncertainties. Tight interest rates anchor the market while geopolitical and inflation risks keep traders defensive and selective.
