Market View: Thursday, February 25, 2026
The US dollar index (DXY) hovers around the 97.3 key zone; gold trades sideways within the $5,160–$5,200 area; EURUSD attempted to climb toward 1.18300 but retreated; Bitcoin surged to $70,000 and pulled back.
- The USD fluctuated during the day, digesting macroeconomic risks and policy expectations.
- Gold stays bullish overall, with the near-term bias looking positive.
- The EURUSD primarily reacted to dollar movements – once it tried to climb, it reversed, struggling to hold the 1.18000 support in the meantime.
- Bitcoin surged, following the so-called “crypto rally relief” price action.
Today’s focus
| US Initial Jobless Claims due at 17:00 MT time |
FX snapshot
XAUUSD
Gold is fueled by the structural demand that can persist for longer. Currently, the price stays near its four-week highs.
EURUSD
The pair is likely to trade within a soft range until the euro gets clearer macro drivers. Today, the ECB President C. Lagarde will deliver a speech at 10:30 MMT, which may influence the pair’s behaviour.
BTC
Bitcoin attempted a rebound toward the $70,000 resistance, but the surge was tentative without the broader follow-through. The analysts hesitate about any broader recovery, as the global risk appetite hasn’t returned yet.
| Pair | Key support | Key resistance | Bias |
| XAUUSD | 5,160 | 5,200 | Neutral-to-bullish |
| EURUSD | 1.18000 | 1.18200 | Neutral |
| BTC | 68,000 | 70,000 | Neutral |
Market sentiment
Gold currently benefits mostly from fear trades. However, JP Morgan sees the year-end 2026 gold price at $6,300. This indicates that XAUUSD hasn’t been living up to its short-lived rallies but is trending toward structural repositioning. The US dollar stays in mid-cycle, neither breaking up nor down the key levels.
