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Newsquawk Daily US Opening News – 18th March 2026
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XTIUSD (WTIUSD) UPDATE
- Panic buying seems over for now after this week’s failure to establish above $100, a make or break level for global market sentiment.
- Test of downside held above 92.05 (Friday low).
- Bounce would need to move above 96.36 to break short-term down momentum but even then would face layers of resistance until the opening week spike high to 102.30
- Minor intra-day resistance 95.20
- Less sensitivity in other markets to short-term moves in crude oil, especially on the upside for now.
XTIUUSD 1 HOUR CHART
XAUUSD (GOLD) UPDATE
Battle for 5000 continues
- Trading around 5000 for the 3rd day in a row where the onus is on the bull side to establish above 5000 to negate a risk of stops being run below 4967 and shifting the focus to 4840.
- Another way to look at it is a 4950-5050 range until either side is firmly broken.
XAUUSD 4 HOUR CHART
Forex Market Snapshot
- With up momentum broken, the forex market is trying to decide whether there is more scope on the dollar downside or is it entering a period oif consolidation\
- In the meantime, US stocks are trading firmer and bond yields have ticked down ahead of an FOMC decision that is expected to see no change in rates. Crude oil has bounced back after slipping overnight.
- The dollar currently stands close to unchanged on the day except vs a weaker CHF ahead of the SNB tomorrow. EURUSD is trading within 1,1500-50 with the downside contained while the bottom end holds.
NZDUSD (1HR)
The kiwi dollar remained under pressure, trading around 0.5856 against the US dollar, though it managed to stay above the recent low near 0.5775. Weakness in the kiwi was partly driven by cross-selling against the Australian dollar, which pushed to a fresh 13-year high against NZD
Currently, the pair is testing a short-term resistance area around 0.5860–0.5880, where momentum have started to slowdown. Stronger resistances is seen around 0.5900
AUDUSD (1HR)
The Australian dollar remains firm, supported by persistently high domestic inflation and the Reserve Bank of Australia maintaining a cautious, hawkish stance. The central bank has raised interest rates for a second consecutive month, pushing them to a 10-month high. This move reverses two of the three rate cuts made last year, with policymakers warning that inflation risks are increasingly skewed to the upside.
AUDUSD gained 0.41% to 0.71005 against the US dollar, extending its recent intra day gains. The pair is dancing around this short term ascending structure. Immediate resistances is seen around 0.7120–0.7150, followed by the recent high of 0.7200. Support lies near 0.7070–0.7050 where the EMA is, and stronger support around 0.7000 from the 4hr trend line.
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US500 (SP500) UPDATE
- Momentum shifting to the upside but failure to hold above 6733 and running into a wall at 6756 has so far checked the upside and prevented a move back to 6800 and neutrality..
- To keep short-term momentum pointed up, the trendline + 6650 need to hold below it although it will trade with a better bid if it stays above 6700.
US500 4 HOUR CHART
ETHUSD (4HR)
Ethereum has now finally broken through the $2,150 resistance level after spending two months capped below this zone. Etheruem is starting to form higher lows, which could signal a shift in structure, building a bullish momentum into a higher move
Similar to last month’s setup, holding above $2,150 would support continued upside, with the level now acting as support. The focus now is whether Ethereum can maintain this breakout and sustain momentum higher.
March 17 Pre-Market Earnings Release Stocks
(ATAT) Atour Lifestyle Holdings Ltd reported adjusted earnings of CNY 1.15 per share for the quarter ended December 31, down from CNY 2.38 a year earlier. Despite the decline, the company achieved strong 2025 growth, with managed hotel revenues rising 28% and retail revenues increasing 67% year over year.
(TME) Tencent Music Entertainment Group reported adjusted earnings of 80 fen per share for the quarter ended December 31, up from 73 fen a year earlier.
(PSQH) PSQ Holdings, Inc. Net revenue rose 81% year over year to $18.2M, driven by fintech expansion and cost discipline. The company’s focus on fintech and AI, along with divesting non-core assets, aims to boost profitability and revenue per employee in 2026, following strong 2025 revenue growth and improved losses.
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