Market View: Friday, March 20, 2026
The US dollar index stays strong, slightly below 100; gold rebounded from the sharp sell-off yesterday; EURUSD spiked toward 1.16200 but is correcting lower; Bitcoin stays at $70,500, facing the selective return of risk appetite.
- The USD keeps firm as the Fed is not turning dovish, while the eurozone looks weaker.
- XAUUSD had a sharp weekly drop on inflation concerns, reaching the $4,500 level. Currently, it has moved upward by 0.77%.
- EURUSD surged as the euro advanced on the ECB’s rate decision.
- Bitcoin has been holding its ground, reclaiming the $71,000 level.
FX snapshot
XAUUSD
Gold started falling yesterday mainly due to the Fed’s hold decision, as a high interest rate pressures the metal. Though rates are high, they’re not rising further either – that is currently the signal of the partial cut of losses.
EURUSD
The pair was up by 1.2% amid the regulator’s concerns about the rising inflation.
BTC
Bitcoin behaves more like a super liquid instrument, remaining the major instrument available for risk trading since the start of the Middle East events.
| Pair | Key support | Key resistance | Bias |
| XAUUSD | 4,600 | 4,800 | Consolidating |
| EURUSD | 1.15500 | 1.16000 | Consolidating |
| BTC | 69,000 | 71,000 | Bullish |
Market sentiment
The Fed delivered the “higher for longer” tone of voice; the ECB and the BoE both kept rates unchanged. Markets are digesting these no cuts, along with the absence of further tightening either. No clear direction on rates is visible, while the growth is slowing with inflation risks still present. This situation causes cautious risk-taking along with the underlying anxiety.
