Market View: Tuesday, March 3, 2026
The US dollar index is strengthening as geopolitical tensions increase demand for safe havens; gold is strongly bid, though facing some correction at the same time; EURUSD declined below 1.17000; Bitcoin is trading in a volatile consolidation phase.
- The USD remains supported in the short term as long as geopolitical risks stay elevated.
- XAUUSD retreated from the $5,400 area, remaining fundamentally supported.
- EURUSD slides toward the 1.16600 zone as the broader tone favors the greenback.
- While BTC shows some intraday rebounds, it is risk-sensitive, and investors keep reducing crypto exposure.
Today’s focus
| EUR CPI (YoY) (Feb) due at 17:00 MT time |
FX snapshot
XAUUSD
Gold consolidates at the $5,310 zone after its four-day rally, triggered by the tensions in the Middle East.
EURUSD
As long as the eurozone stays energy-dependent, the rising oil and gas prices tend to weigh more heavily on the euro. Today’s inflation data may have an impact on the pair’s behaviour.
BTC
Bitcoin returned to range-trading, having spiked toward $70,000 at the previous session. The reason for such surges lies, most likely, in the increase of bitcoin settlements during escalation periods in Dubai and the pullback of prices during the calming of the situation.
| Pair | Key support | Key resistance | Bias |
| XAUUSD | 5,280 | 5,380 | Bullish |
| EURUSD | 1.16400 | 1.17000 | Bearish |
| BTC | 67,800 | 69,000 | Bearish |
Market sentiment
The current mood is a clearly risk-off one. Markets are headline-driven, watching for either de-escalation signals or further geopolitical developments.
