The Crypto Rebounds but Lacks Conviction

Cryptocurrency market cap increased by 6% over the past 24 hours, supporting confidence in the formation of a double bottom at February's lows. Buyer activity led to a breakthrough of short-term downward resistance, elevating the market toward the upper boundary of its current horizontal range. At present, these developments primarily indicate a reduction in bearish pressure rather than signalling a decisive market reversal.

At the close of trading on Wednesday, Bitcoin nearly reached $70K; however, Thursday saw sellers regain control, lowering the price to $67K. The $70K resistance level remains pivotal, while the Relative Strength Index (RSI) is transitioning out of the oversold territory and forming a bullish divergence with the price, suggesting potential for further upward movement.

——————
FxPro. Trade Like a Pro. | Subscribe | Boost

Politics undermines the pound’s power

Labour's defeat in local elections risks dragging down GBPUSD.

Slowing inflation in Tokyo reduces the chances of the BoJ tightening monetary policy.

——————
FxPro. Trade Like a Pro. | Subscribe | Boost

The crypto is stuck in a narrow consolidation range

Crypto market capitalisation has fallen back to $2.3 trillion, remaining at Thursday's low. The upward momentum gained at the beginning of the week has not developed further, with traders preferring to sell as prices rise.

Over the past three weeks, the market has mainly traded within the $2.20–2.40 trillion range. Local resistance roughly coincides with a 23.6% recovery from the decline between the mid-January highs and the early February lows. Such narrow consolidation is often seen in strong bear markets.

——————
FxPro. Trade Like a Pro. | Subscribe | Boost

⚠️ USA — Producer Price Index at 03:00 GMT

✔️ Prev: 0.4% | 3.0%

🕒 Exp: 0.3% | 2.6%

🎯 Fact.: 0.5% 📈 | 2.9% 📈

———

⚠️ USA — Core PPI at 03:00 GMT

✔️ Prev: 0.6% | 3.3%

🕒 Exp: 0.3% | 3.0%

🎯 Fact.: 0.8% 📈 | 3.6% 📈

———

⚠️ Canada — Gross Domestic Product at 03:00 GMT

✔️ Prev: 0.0% | 0.9%

🕒 Exp: 0.1% | 0.7%

🎯 Fact.: 0.2% 📈 | 1.0% 📈

▶️ Pro News Weekly: Geopolitics Shake Markets Again

Welcome to Pro News Weekly!

💵 Fed rate cut odds fall while ECB leadership speculation fuels euro momentum

📊 U.S. indices rebound on strong NVIDIA earnings, but small caps face pressure

🪙 Gold climbs on Middle East tensions and bold $6,300–$6,750 forecasts

₿ Bitcoin holds firm despite ETF outflows, with long-term holders staying in profit

Will Middle East tensions spark a flight to safety, or will upcoming U.S. jobs and inflation data decide the dollar’s next move?

🔔 Like, share, and subscribe for more weekly updates from FxPro!

👉 Register at https://www.fxpro.com and start trading like a pro!

76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing money. Past performance is not a reliable indicator of future results.

#FxPro #tradelikeapro #pronewsweekly #dollar #stocks #gold #bitcoin

——————
FxPro. Trade Like a Pro. | Subscribe | Boost

Is gold ready to renew its highs? So far, it is repeating history

Gold has gained about 2% since the beginning of the week, but this is a modest result only at first glance. Most importantly, this is the third week of positive dynamics with prices recovering to levels not seen in a couple of days.

Geopolitical tensions once again drove demand for commodity assets, from gold to oil, as investors grew increasingly uncertain about how stable the situation would remain heading into the weekend. In addition, pressure on the stock market, where big tech companies came under pressure, once again raised the question of hedging against existing risks.

——————
FxPro. Trade Like a Pro. | Subscribe | Boost

🗓 Economic Calendar at 2026/03/01 (GMT)

09:00 All The Organization of Petroleum Exporting Countries (OPEC) Meetings


[Updated in real time]

🗓 Economic Calendar at 2026/03/02 (GMT)

09:00 🇪🇺 Manufacturing PMI — Exp: 50.8 Actual: 50.8

09:30 🇬🇧 Manufacturing PMI — Exp: 52.0 Actual: 51.7

14:00 🇪🇺 ECB President Christine Lagarde Speaks

14:30 🇨🇦 S&P Global Manufacturing PMI Actual: 51.0

15:00 🇺🇸 ⚡️ ISM Manufacturing PMI — Exp: 51.7 Actual: 52.4

21:10 🇦🇺 ⚡️ RBA Governor Michele Bullock Speaks


[Updated in real time]

The crypto market is waiting for a signal from outside

The crypto market capitalisation is roughly where it was a week ago, even though the world has changed dramatically. Events surrounding Iran initially caused cryptocurrencies to fall over the weekend, but they then rebounded, returning closer to the middle of their recent trading range. Retail traders, who dominated over the weekend, balanced between the bullish factor from geopolitics and the somewhat depressed sentiment that has prevailed in cryptocurrencies since October. We still believe that cryptocurrencies remain in a bear market, although it is worth keeping a close eye on the bullish risks for Bitcoin.

The first cryptocurrency fell to $63K over the weekend, soon rebounding to $66K, where it currently stands. In the current geopolitical situation, playing it safe is the best short-term strategy for Bitcoin. It may be wiser to let more established markets such as oil, gold and bonds take the lead during periods of geopolitical tension. In addition, the current wait-and-see attitude towards BTC is fully justified by technical factors and was anticipated by us weeks ago, as this area was an important resistance zone in 2024.

——————
FxPro. Trade Like a Pro. | Subscribe | Boost

The Middle East is changing the game in Forex

The US dollar may receive support from rising oil prices.

Geopolitics is driving up inflation in Japan.

——————
FxPro. Trade Like a Pro. | Subscribe | Boost

🇺🇸 US pre-market: Mostly negative 📉

Against the backdrop of escalating geopolitical tensions, the US stock market is showing negative dynamics in pre-market trading.

In the Technology Services sector, Alphabet (GOOGL) shares are down -2.66%, while Microsoft (MSFT) shares are losing -0.44%.

In the financial sector, Berkshire Hathaway (BRK.B) shares are down -1.47%, while JPMorgan Chase (JPM) shares are down -1.53%.

At the same time, the Energy Minerals sector is showing growth, with Exxon Mobil (XOM) shares rising +4.85% and Chevron (CVX) shares adding +3.53%.

In the currency market, the broad decline in the quotes of major technology and financial companies, coupled with selective demand for energy, indicates risk aversion within the US, which supports demand for defensive dollar assets and creates conditions for a moderate strengthening of the US dollar.

⚠️ USA — ISM Manufacturing PMI at 03:00 GMT

✔️ Prev: 52.6

🕒 Exp: 51.7

🎯 Fact.: 52.4 📈