Market View: Wednesday, April 22, 2026
The US dollar looks softer this morning; XAUUSD holds higher after yesterday’s decline toward $4,670; EURUSD stays near the 1.17500 plateau; Bitcoin pushed to $78,000 as a risk sentiment indicator.
- The US dollar is uncertain in its direction due to the unstable extended truce in the Gulf.
- XAUUSD gained 1% intraday as oil prices eased.
- EURUSD is slightly higher, mainly because of the USD softness.
- Bitcoin accelerated, looking fully committed and open to risk.
Today’s focus
| US Crude Oil Inventories due at 17:30 MetaTrader time. |
FX snapshot
XAUUSD
Gold traded sideways, struggling for direction with the US dollar.
EURUSD
The pair traces all doubts about the Iran war ceasefire.
BTC
Bitcoin attempts to overcome the $78,000 resistance level as the recent developments lift hopes for crypto.
| Pair | Key support | Key resistance | Bias |
| XAUUSD | 4,710 | 4,780 | Sideways trading |
| EURUSD | 1.17400 | 1.17600 | Consolidating |
| BTC | 77,000 | 78,250 | Bullish |
Market sentiment
Though oil currently remains the main volatility driver, the uncertainty around it stays the key theme. There’s an extended but unclear truce situation, and the market finds itself in a tug-of-war stance. It feels like: 3 days of truce → 3 days of escalation→ 3 days of silence. And then it all goes round again.
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