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EURUSD UPDATE
- Battle for 1.15: To keep it simple, 1.15, pivoted 3 days in a row, will set the tone for the USD in general going forward.
- To build up momentum, 1.1532 would need to be firmly broken, Resistance at 1 1.1524 being tested. (Monday high)…. holding so far
- On the downside, 1.15 remains pivotal, 1.1465 (Tuesday low) guards a return to 1.,1410.
EURUSD 1 HOUR CHART
XAUUSD (GOLD) UPDATE
- Battle for 5000 continues
- After holding off repeated attempts at 4967 a move above 5063 would be needed to break the current range and target 5128.
- Intra-day resistance at 5045 blocks 5063.
- Otherwise, focus stays on the pivotal 5000 level with support at 4995 needing to hold to keep thoughts away from another run at 4967.
XAUUSD 1 HOUR CHART
Forex Market Snapshot
- A bit of a disconnect with oil up, stocks down and USD trading down vs. earlier highs, a weaker NZD the underperformer.
- Highlight overnight was the as expected RBA rate hike with the focus on a slew of CB rate decisions, starting with the Fed tomorrow.
- Otherwise, focus remains on headlines and whether markets correlate with the price of oil.
USDCNH(4HR)
USDCNH remains in a mildly bearish trend, with the pair continuing to trade below the 200-period exponential moving average (EMA) and the upper boundary of a descending channel. In the near term, momentum appears neutral to slightly bearish following a recent rejection in the 6.90–6.91 area.
Key support levels are seen at 6.88 and 6.845. On the upside, resistance is located at 6.89 and at 6.91
March 16 Post-Market Earnings Release Stocks
(SMTC) Semtech Corp rose after reporting adjusted earnings of 44 cents per share for the quarter ended Jan. 31, up from 40 cents a year earlier. The company has also posted solid long-term growth, with sales rising at a 12% compounded annual rate over the past five years, outpacing the broader semiconductor industry.
(AGRO) Adecoagro. The Profertil acquisition expanded the company’s scale, but 2025 earnings fell as lower commodity prices, mixed productivity, and higher U.S.-dollar costs weighed on results, alongside downtime at the fertilizer plant and higher leverage.
(CATX) Perspective Therapeutics, Inc. reported a wider $103.1 million net loss in 2025, driven by higher R&D spending and manufacturing expansion. The company ended the year with $144.7 million in cash and investments and raised $175 million in early 2026.
A VERY TIMELY ARTICLE IN OUR BLOG
News Algos in Trading: Why Markets Suddenly Spike During Geopolitical Crises
Crude Oil Sinks on Signals from Strait of Hormuz
U.S. crude oil futures settle down 5.3% to $93.50 a barrel. That’s as the world is getting signals that Iran is letting some tankers through the Strait of Hormuz. “India managed to move two LNG tankers through the Strait of Hormuz which is raising the possibility that individual countries will make separate deals with Iran in coming days
Brent crude falls 2.8% to $100.21 a barrel.
Bitcoin tops $74.5K but are pro traders turning bullish again?
Bitcoin derivatives remain bearish as traders hedge against a price drop despite BTC reclaiming the $74,000 level.
Fears of a global energy shortage mount as the Strait of Hormuz remains closed, forcing investors into safe-haven Treasury assets.
Bitcoin (BTC) climbed above $74,000 on Monday, following gains on the Nasdaq IndexDespite this bullish background, Bitcoin derivatives suggest professional traders were unfazed by the rally that pushed prices to a 40-day high.
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