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BTCUSD (BITCOIN) UPDATE
- What should continue to concern bulls is seeing XAUUSD rally as a safe haven while BTCUSD is being shunned in this regard.
- Big picture trend: Down and bearish if sub-65K break holds but still consolidating while above the 59881 low.
- In any case, 65K is clearly pivotal and will dictate whether there will be a fresh run at 60K.
BTCUSD DAILY CHART
AUDUSD (1HR)
The Australian dollar is trading near 0.7060, staying inside its downward channel. Earlier, the price broke above the initial resistance around 0.7080, but it failed to hold those gains and pulled back. The pair continues to move within the same bearish channel.
Key levels to watch are support near 0.7020 and resistance around 0.7070.
XAUUSD (GOLD) UPDATE
With a void on charts until the record 5596 high, what would it take for 5596 to come on the radar?
- Having regained 5000, the pivotal 5200 level became the target
- With the 5200 target hit, this level now becomes pivotal and the most recent high (5219) acting as resistance
- If 5200 becomes support, then 5350 (midway 5200-5500) becomes the target
- If 5350 is then firmly broken, 5500 comes on the radar.
- Break of 5500 is what is needed to expose the record 5596 high.
- If 5200 fails to hold, then still stays bid but less than if trading above it.
XAUUSD DAILY CHART
February 23 Pre-Market Earnings Release Stocks
(LINC) Lincoln Educational Services Corporation delivered record 2025 results with revenue up 19.7% and adjusted EBITDA up 60%, driven by strong demand for skilled trades and successful campus expansions.
(DPZ) Domino’s stock rose 3.7% in morning trading to make it one of the S&P 500 index’s SPX top performers on the day. The company also reported that same-store sales, or sales of stores open at least a year, rose 3.7% for its U.S. stores
(SCL) Stepan Co. reported a quarterly adjusted loss of 2 cents per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of 12 cents.
DAX Closes Sharply Lower
Frankfurt’s DAX 40 lost ground to close about 1.1% lower at 24,986 on Monday, lagging behind its peers, as investors grappled with renewed trade uncertainty after President Trump said he would impose a temporary 15% tariff following a Supreme Court ruling against his emergency trade levies.
XRP Panic At $1.34, But Structure Still Favors A Larger Upside Rotation
XRP has plunged 69%, sparking widespread panic across the market.
Panic is rising at $1.39, but the bigger picture hasn’t broken. XRP remains within a broader bullish structure, with price testing key support after a sharp correction. Unless critical levels fail, the setup still favors a larger upside rotation rather than a trend reversal.
US500 4 HOUR CHART
- Reversing early weakness to make a run at 6915 resistance, which is holding so far…. a break of which is needed to build up momentum although a long way to go before the record 7013 high would come into play.
- Otherwise, 6873 needs to hold to keep a bid with fallback support at 6854. Key level is the 6774 low.
US500 1 HOUR CHART
EURUSD UPDATE
- Focus remains on 1.18 after choppy trade on both sides.
- A case can be made for the upside but only if 1,1774 becomes support followed by a break of 1.1834 to build up momentum.
- Otherwise, expect chop until EURUSD distances from 1.18.
- Firmly below 1,1800, and 1.1741-55 are what would be needed to revive the downside risk.
EURUSD 4 HOUR CHART
Forex Market Snapshot: Back to square one
- Markets started off in a risk off mood but that has so far cooled with early moves failing to follow through.
- This has seen stocks bounce, the dollar recover, BITCOIN trade back above 66K after breaking below 65K while XAUUSD remains firm after extending its high.
In forex, pivotal level remain a focus
- EURUSD 1.18 (currently back below vs. a 1.1835 high)
- USDJPY 155 (still below but well off its 153.99 low)
- GBPUSD 1.35 (currently just above it vs 1.3535 high)
US stocks;
US5oo 6900 and NAS100 both remain pivotal
No key data due
Newsquawk Daily US Opening News – 23rd February 2026
- President Trump raised the blanket tariff rate to 15% from 10% over the weekend, following SCOTUS ruling against IEEPA tariffs on Friday;
- EU is set to freeze trade deal approval over US President Trump’s tariff risk, Bloomberg reports.
- European equities mixed; Defence names hit as Hungary blocks further funding.
- DXY pressured on renewed uncertainty after Trump increases global tariffs to 15%.
- Fixed income relatively contained and awaiting further tariff updates.
- WTI and Brent rangebound ahead of US-Iran talks this week; Spot XAU regains USD 5k/oz handle.
ETHUSD (4HR)
Vitalik Buterin, co-founder of Ethereum, has sold around 9,000 ETH recently, which includes a notable withdrawal of 3,500 ETH from Aave, contributing to a bearish sentiment in the market.
Ethereum has entered the breakdown phase of its bearish continuation pattern and with Vitalik selling, risking further decline. Ethereum dropped 5.60% overnight, reaching $1850 and later bounced back to $1900 trying to reclaim its recent supports.
Asia-Pacific FX news wrap: USD and crypto slammed lower
US Supreme Court struck down Trump’s IEEPA tariffs; Trump responded with flat 15% global tariff
Refund uncertainty adds fresh legal and policy ambiguity
USD broadly sold; EUR/USD back above 1.18
USD/JPY fell sharply toward 154.00
Gold hit three-week high; oil eased on Globex reopen
US-Iran talks to resume Thursday, interim deal possibility flagged
Crypto slid sharply; Bitcoin back below US$65K amid liquidation chatter
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