Market outlook: Dollar, Metals, FX, stocks and crypto key levels [Video]

Gregor Horvat Wavetraders

In this video, I walk through the recent surge in market volatility, with a strong focus on metals and the risk that this instability could spread into stocks and the US dollar. I explain my broader dollar index outlook, highlighting extreme positioning, Elliott wave scenarios, and why stabilization or a reversal should not come as a surprise. I cover key FX pairs, including EUR/USD, GBP/USD, USD/JPY, AUD/USD, and NZD/USD, pointing out where trends may be mature and where I prefer to stay patient.

I also discuss why commodity currencies continue to look relatively stronger compared to the euro and pound. On equities, I review the S&P 500 structure, warning about late-stage patterns and the risk of reversals if the dollar starts to strengthen. I spend time on metals, explaining the recent sharp selloffs, liquidations, and why consolidation or short-term rebounds are more likely than a straight continuation higher.

I then move into crypto, covering Bitcoin, Ethereum, and Ripple, outlining key support zones and why the broader correction may not be finished yet. I also touch on MicroStrategy, recent Bitcoin purchases, and upcoming earnings that could drive volatility.

Get Full Access To Our Premium Elliott Wave Analysis For 14 Days. Click here.

Author

Gregor Horvat

Wavetraders

Experience Grega is based in Slovenia and has been in the Forex market since 2003.

EUR/USD struggles to hold above 1.1800 as USD stabilizes

EUR/USD loses its recovery momentum and retreats below 1.1800 in the second half of the day on Tuesday. The US Dollar finds a foothold after staying under pressure in the early European session, limiting the pair's upside in the near term.

GBP/USD pares gains below 1.3700 as mood turns cautious

GBP/USD enters a consolidation phase and holds steady near 1.3650 after rising above 1.3700 to start the European session. The cautious market mood seems to be making it difficult for Pound Sterling to outperform the US Dollar, while investors refrain from taking large positions ahead of the Bank of England's policy meeting later in the week.

Gold gathers recovery momentum, climbs above $4,900

Gold recovers further from its lowest level since January 6 and trades above $4,900, rising about 6% on a daily basis. The US Dollar holds steady following Monday's advance but XAU/USD preserves its bullish momentum, possibly supported by dip-buying that came after the sharp decline.