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Waller, considered a dove, expressing caution but does not think rate hikes are warranted… USD ticks up on his comments.
US PRE-MARKET MOVERS: FDX, SMCI, NXST, TGNA, PL, UL, MKC, ARM, CMG, FIGS
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<p style=”text-align: center;”>Source: Try Newsquawk free for 7 days</p>Newsquawk Daily US Opening News – 20th March 2026
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Oil blips, USD blips, US stocks dip following this headline news
XBRUSD UPDATE
- While it’s hard to ignore yesterday’s $15+ plunge from 119.25 (12.9%), the move did not go far enough to break the last leg up. For that to happen, 97.76-100.47 would need to happen.
- This leaves it in a 103.87-119.25 range where 110 is a pivotal level in what remains a reaction to headline news market.
XBRUSD (BRENT OIL) 4 HOUR CHART
XAUUSD (GOLD) UPDATE
- As noted yesterday, 4500 is one of those pivotal levels that can have an impact beyond technioals and the pause above it (4502). followed by a higher low (4566). have potential to signal a bottom.
- For the bounce off 4502 to fully negate the downside risk, 4867 would need to be broken.
- On the downside, 4633 needs to hold to keep what is still a retracement risk pointed up.
- Intraday high: 4736.
XAUUSD 1 HOUR CHART
Forex Market Snapshot
- The dollar is trading firmer in a TGIF market after yesterday’s retreat, driven by a repricing of central bank rate outlooks and a retreat in crude oil (specifically Brent), did not fo;;oe through.
- JPY is the underperformer with USDJPY back above 158
- EURUSD is trading within 1.15-1.160 where 1.1550 will set its trading tone.
- Otherwise, it is another headline watching day with no key US economic data due. In stocks a focus will be on Quad Witching Day.
ETHUSD (1HR)
After the Federal Reserve held rates, Ethereum dropped and attempted a recovery to stay above the 2150 area but failed to keep the momentum. Currently, it had slipped back in to the same 2,150 – 2,100 zone. This weak recovery is showing a lack of buyer strength, and thus kept pressure to retrace back on this key area.
AUDUSD (1HR)
the Australian dollar rose by 0.83% to $0.70810 following February data showing unemployment increased to 4.3%, slightly above the market expectation of 4.1%.
Resistance can be seen around 0.7110-0.7130 from the recent highs and areas of rejection. Support is around 0.7065 coming from the EMA 200.
A very timely article in our blog
News Algos in Trading: Why Markets Suddenly Spike During Geopolitical Crise</strong>
Anyone trading during the current geopolitical crisis has likely noticed sudden spikes and dips appearing out of nowhere, leaving traders asking the same question: What’s the news?
As traders know all too well, it is often the reaction to the news rather than the news itself that matters most. Sometimes the market’s response is logical. Other times it seems completely irrational. When that happens, traders can feel like they are the only sane person in an insane asylum….
Newsquawk US Market Wrap: Oil slides on US supply prospects; Short-end yields rise as G10 central banks hold firm
[MARKET UPDATE] Crude futures fall to fresh session lows, equities and bonds see positive ticks, USD sees downside, amid remarks from Israel PM Netanyahu
XTIUSD (BRENT OIL) DAILY CHART
- XTUUSD and XRBUSD pulling in opposite directions with the latter testing $101+ while the latter retreated $11 off its 119.20 high, as the spread between the too, which had reached the widest since 2020 narrowed.
- WTIUSD needs to hold 94.62 to maintain the current id.
XTIUSD (WTIUSD) 1 HOUR CHART
March 19 Pre-Market Earnings Release Stocks
(BABA) Alibaba shares fell about 5%. The company posted earnings of RMB 7.09 per American depositary share, below estimates of RMB 10.94. Revenue reached RMB 284.84 billion, up about 2% from a year earlier but short of forecasts of RMB 289.3 billion.
(SIG) Signet Jewelers reported FY26 sales of $6.81 billion, net income of $294.4 million, and adjusted EPS of $9.60. In Q4, sales reached $2.345 billion with adjusted EPS of $6.25, while same-store sales declined 0.7%. The company is debt-free, continues share buybacks, and issued FY27 adjusted EPS guidance of $8.80 to $10.74.
(CSIQ) Shares plunged 29% to $13.21 as Canadian Solar reported a Q4 net loss amid declining revenues, with both solar module and BESS sales falling. The company also issued Q1 revenue and margin guidance and set U.S. shipment and capacity targets for 2026.
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