Market View: Wednesday, March 11, 2026
The US dollar index remains neutral to strong but without a clear trend; gold is consolidating near $5,200; EURUSD is in a corrective move within a broader weak trend; Bitcoin has gained 8% over the past 48 hours and trades near $70,000.
- The USD is currently waiting for the CPI report, which will be the main driver today.
- XAUUSD has recently made extremely large moves and remains in a range-trading bias. The move is likely to occur after the CPI data release.
- EURUSD is moving within a technical rebound; German inflation came in line with expectations.
- Investors seem to have started gradually returning to BTC, but the market remains nervous.
Today’s focus
| US CPI (YoY) (Feb) due at 14:30 MT time |
FX snapshot
XAUUSD
Investors remain reluctant to sell gold, as global risks remain high. So, the market currently buys on dips and takes profit on rallies.
EURUSD
Traders remain sceptical about a strong euro rally, so the pair is dependent on USD sentiment.
BTC
Technical indicators show a neutral stance regarding BTC.
| Pair | Key support | Key resistance | Bias |
| XAUUSD | 5,160 | 5,240 | Range trading |
| EURUSD | 1.16000 | 1.16500 | Neutral |
| BTC | 69,500 | 70,500 | Neutral |
Market sentiment
The market has been constantly shifting between risk-off and risk-on sentiments. It is driven mainly by news and geopolitics. Yesterday, crude oil dropped nearly 11% before rebounding, which immediately affected investors’ sentiment. The main events for today will be the US inflation data and oil inventory reports.
