Daily Market Analysis
In-depth technical and fundamental analysis of key instruments — updated every trading day before the London open.
March 19, 2026 — Market Overview
Markets are digesting the Fed's dovish pivot with risk assets broadly higher. The dollar index (DXY) fell 0.4% to 103.20 as rate-cut expectations for Q3 increased to 78%. European equities outperformed on strong PMI data, while gold extended its record run above $3,200. Key focus today: US jobless claims (13:30 GMT) and existing home sales (15:00 GMT).
EUR/USD
1.0923Key Support Levels
Key Resistance Levels
Outlook
EUR/USD broke above the 1.0900 handle following strong Eurozone PMI data. The pair is trading above the 50-day and 200-day moving averages, confirming the bullish trend. RSI at 62 suggests room for further upside before overbought conditions. A daily close above 1.0950 would open the path to the psychological 1.1000 level.
Gold (XAU/USD)
$3,215Key Support Levels
Key Resistance Levels
Outlook
Gold continues its record-breaking rally, driven by safe-haven demand and central bank purchases. The metal is trading well above all major moving averages with strong momentum. However, RSI at 74 indicates overbought conditions — a pullback to the $3,180 support zone would offer a healthier entry for longs.
US500 (S&P 500)
5,842Key Support Levels
Key Resistance Levels
Outlook
The S&P 500 rallied on Fed rate-cut expectations but faces resistance near the 5,880 level. Breadth has improved with the advance-decline line turning positive. Tech continues to lead, but defensive sectors are showing relative strength — a potential sign of late-cycle positioning. Watch for a breakout above 5,880 for continuation.
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