Market View: Wednesday, April 1, 2026
The US dollar index has seen a local pullback, declining below 100; gold has been regaining relevance, trading above $4,700; EURUSD shows temporary relief near 1.15800; Bitcoin also benefits from the current dollar’s reset.
- The US dollar weakened on the signs of de-escalation in the Middle East.
- XAUUSD absorbed the selling volumes and started edging higher again.
- The current bounce of EURUSD is more about the dollar stepping back than the euro’s strength.
- Bitcoin exceeded the $68,500 resistance on hopes that the Mideast conflict could settle soon.
Today’s focus
| US ADP Nonfarm Employment Change due at 15:15 MetaTrader time |
FX snapshot
XAUUSD
The recent pullback in the greenback has given gold room to breathe, but the move isn’t driven by momentum but by underlying demand for protection.
EURUSD
Every move higher lacks conviction. It looks like a pause in a downtrend until the pair breaks the 1.16600 resistance.
BTC
Bitcoin has been stable for a month. It is trading like an asset that refuses to follow the current macro script.
| Pair | Key support | Key resistance | Bias |
| XAUUSD | 4,600 | 4,800 | Bullish |
| EURUSD | 1.14600 | 1.16000 | Bullish |
| BTC | 67,500 | 70,000 | Bullish |
Market sentiment
The market stays positive but paused ahead of the next political trigger. The de-escalation case needs more proof regarding the current US Navy and military concentration within the Persian Gulf area.
