Market View: Wednesday, May 13, 2026
The US dollar trades at yesterday’s levels; XAUUSD hovers around the $4,700 area; EURUSD declined below 1.17200; Bitcoin tests the $81,200 resistance.
- The greenback is holding relatively steady after regaining part of its strength earlier in the week.
- XAUUSD has been consolidating and trading sideways at $4,660–$4,770 for the past trading sessions.
- EURUSD remains relatively stable, though with convincing bearish momentum.
- Meanwhile, Bitcoin continues to hold firm after its recent breakout phase.
Today’s focus
| US PPI (MoM) (Apr) due at 15:30 MT time |
FX snapshot
XAUUSD
Should geopolitical tensions intensify again, gold could rapidly recover bullish momentum. Otherwise, the market may continue consolidating within a broad range whilst investors reassess the macroeconomic outlook.
EURUSD
For now, EURUSD appears trapped between two competing narratives: slowing European growth on one side and elevated US inflation on the other.
BTC
Should broader risk sentiment improve again, Bitcoin may attempt another push higher towards major resistance areas.
| Pair | Key support | Key resistance | Bias |
| XAUUSD | 4,680 | 4,730 | Consolidating |
| EURUSD | 1.17100 | 1.17400 | Bearish |
| BTC | 80,800 | 81,200 | Consolidating |
Market sentiment
This morning, the market feels calmer, though inside, there is still a noticeable sense of tension. Yesterday’s US inflation data did not deliver a dramatic shock, but it was firm enough to keep markets cautious about the idea of rapid monetary easing later this year. As a result, traders started this session with a more balanced tone: not fully defensive, yet not entirely comfortable chasing risk either.
