EURCAD Wave Analysis – 3 March 2026

- EURCAD broke support zone

- Likely to fall to support level 1.5765

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🗓 Economic Calendar at 2026/03/04 (GMT)

00:30 🇦🇺 ⚡️ Gross Domestic Product — Exp: 0.6% | 2.2% Actual: 0.8% | 2.6%

01:30 🇨🇳 ⚡️ Manufacturing PMI — Exp: 49.1 Actual: 49.0

01:30 🇨🇳 Non-Manufacturing PMI — Exp: 49.8 Actual: 49.5

01:45 🇨🇳 Markit Manufacturing PMI — Exp: 50.1 Actual: 52.1

01:45 🇨🇳 Markit Services PMI — Exp: 52.4 Actual: 56.7

01:45 🇨🇳 Markit Composite PMI Actual: 55.4

07:30 🇨🇭 Consumer Price Index — Exp: 0.5% | -0.1% Actual: 0.6% | 0.1%

08:50 🇫🇷 Services PMI — Exp: 49.6 Actual: 49.6

08:50 🇫🇷 PMI Composite — Exp: 49.9 Actual: 49.9

08:55 🇩🇪 Services PMI — Exp: 53.4 Actual: 53.5

08:55 🇩🇪 PMI Composite — Exp: 53.1 Actual: 53.2

09:00 🇪🇺 Services PMI — Exp: 51.8 Actual: 51.9

09:00 🇪🇺 PMI Composite — Exp: 51.9 Actual: 51.9

09:00 🇨🇭 Vice Chairman of the Governing Board Antoine Martin Speaks

09:30 🇬🇧 Services PMI — Exp: 53.9 Actual: 53.9

09:30 🇬🇧 PMI Composite — Exp: 53.9 Actual: 53.7

13:15 🇺🇸 ⚡️ ADP Non-Farm Employment Change — Exp: 50K Actual: 63K

15:00 🇺🇸 ⚡️ ISM Services PMI — Exp: 53.5 Actual: 56.1

15:30 🇨🇦 ⚡️ BOC Governor Tiff Macklem Speaks

15:30 🇺🇸 Crude Oil Inventories — Exp: 3000K Actual: 3475K


[Updated in real time]

⚠️ Australia — Gross Domestic Product at 03:00 GMT

✔️ Prev: 0.5% | 2.1%

🕒 Exp: 0.6% | 2.2%

🎯 Fact.: 0.8% 📈 | 2.6% 📈

⚠️ China — Manufacturing PMI at 03:00 GMT

✔️ Prev: 49.3

🕒 Exp: 49.1

🎯 Fact.: 49.0 📉

Crypto outperformed stocks in Tuesday’s recovery

The crypto market cap changed slightly over the past 24 hours, amounting to $2.34T compared to $2.33T the day before. But this is a victory for cryptocurrencies, given the impressive sell-off those financial markets and gold experienced the day before. The US Nasdaq100 lost more than 2.5% intraday but recovered more than half of its losses by the close. At the same time, cryptocurrencies remained unaffected by this turbulence. Perhaps some traders are looking at crypto as a safe haven.

Bitcoin looked more resilient on Tuesday than the US indices. Trading just below $69K, the first cryptocurrency is at the upper limit of its trading range. Moreover, looking at the intraday dynamics, one can see a sequence of higher local lows. On weekly timeframes, the RSI index has begun to rise from oversold territory. We still consider the situation too fragile to say that the bottom has been reached. Bitcoin is vulnerable due to the increased volatility of stock indices, which is forcing institutional investors to reduce their leverage.

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The dollar restores confidence by force

The dollar follows successes on the international stage.

Europe risks facing stagflation.

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⚠️ USA — ADP Non-Farm Employment Change at 03:00 GMT

✔️ Prev: 11K

🕒 Exp: 50K

🎯 Fact.: 63K 📈

Brent becomes a target

Escalating tensions around the Strait of Hormuz push Brent toward higher targets as supply risks intensify.

Oil may rise toward $100, but strong reserves and US shale output reduce recession risks.

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🇺🇸 US pre-market: Mostly positive 📈

Large technology companies are trading in positive territory, while energy and certain defensive sectors appear weaker.

In the financial sector, Bank of America (BAC) shares are up +0.42%, and Goldman Sachs (GS) shares are up +0.81%.

In the technology services sector, Microsoft (MSFT) shares are up +0.29%, while Meta Platforms (META) shares are up +0.54%.

In the Energy Minerals sector, Exxon Mobil (XOM) shares are down -1.14%, while Chevron (CVX) shares are down -1.21%.

The current dynamics indicate a return to risk-on mode: demand is shifting towards risky assets within the US, which suppress interest in the dollar as a safe-haven. The short-term dynamics of the dollar looks rather neutral, with the possibility of a slight weakening against high-yield and commodity currencies.

⚠️ USA — ISM Services PMI at 03:00 GMT

✔️ Prev: 53.8

🕒 Exp: 53.5

🎯 Fact.: 56.1 📈

⚠️ Canada — BOC Governor Tiff Macklem Speaks at 15:30 GMT

🗓 Economic Calendar at 2026/03/05 (GMT)

09:30 🇬🇧 Construction PMI — Exp: 47.0 Actual: 44.5

12:30 🇪🇺 ECB Monetary Policy Meeting Accounts

13:30 🇺🇸 ⚡️ Unemployment Claims — Exp: 215K Actual: 213K

13:30 🇺🇸 Continuing Claims — Exp: 1850K Actual: 1868K

17:00 🇪🇺 ECB President Christine Lagarde Speaks


[Updated in real time]

USDCHF Wave Analysis – 4 March 2026

- USDCHF reversed from resistance zone

- Likely to fall to support level 1.5765

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Nasdaq-100 Wave Analysis – 4 March 2026

- USDCHF reversed from support zone

- Likely to rise to resistance level 25455.00

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Crypto: An encouraging rebound in a bear market

The crypto market cap rose 4.8% to $2.45 trillion, then climbed to $2.50 trillion at the end of the day on Wednesday, a four-week high. This is a strong indication of a base forming and a reversal to growth. The capitalisation level is approaching the 50-day moving average, below which it has been steadily trading since the end of January. Consolidation above this line could be an additional signal of a reversal to growth.

On the other hand, this may be just a corrective rebound, as the typical Fibonacci correction range suggests a rebound to £2.53T for the decline since January and to £2.92T as part of a technical recovery from the entire decline since the October peak. Thus, despite the encouraging momentum, this may be nothing more than a rebound in a bear market.

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⚠️ USA — Unemployment Claims at 03:00 GMT

✔️ Prev: 213K

🕒 Exp: 215K

🎯 Fact.: 213K 📈

The dollar is rising again on renewed inflation fears

Rumours of talks between Iran and the US sent the dollar lower, but not for long.

The strength of the Australian economy did not help AUDUSD.

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🇺🇸 US pre-market: Mostly negative 📉

Most of the largest companies by capitalisation are trading in the red, setting a general market ‘risk-off’ tone.

In the Electronic Technology sector, NVIDIA (NVDA) shares are down -0.70%, while Broadcom (AVGO) shares are up +4.83%.

In the Finance sector, Berkshire Hathaway (BRK.B) shares are up +1.13%, while Bank of America (BAC) shares are down -0.60%.

In the Retail Trade sector, Amazon (AMZN) shares are down -0.74%, while Walmart (WMT) shares are down -1.22%.

The dominance of declines in the most liquid technology and consumer companies indicates a flight from risk within the US and a shift in demand towards safe-haven dollar assets and Treasury bonds. In the absence of a noticeable outflow of capital from the US, this structure indicates short-term potential for a moderate strengthening of the dollar, while no large-scale pressure on the currency is yet apparent.