The crypto market is in no hurry to gain ground

The crypto market capitalisation has fallen by 0.6% over the past 24 hours to $2.35 trillion. The market continues to hover around its 50-day moving average, reflecting a fierce battle for the medium-term trend. Top coins are predominantly down following renewed caution in traditional financial markets. The day’s leaders are Zcash (+3.1%), Filecoin (+0.9%) and Basic Attention Token (+0.6%). Among the underperformers are Avalanche (−9.7%), Algorand (−8.6%) and Ethereum Classic (−5.5%).

Bitcoin briefly exceeded $70K on Monday but failed to hold the level, retreating to $68.6K by Tuesday morning. This represents further fluctuations within the corrective rebound pattern in which the leading cryptocurrency has been trading for the past two months. The latest price action serves as a stark reminder of the market’s current volatility and how difficult it is to shift sentiment.

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Central banks risk making a mistake

Raising interest rates during an oil crisis is a clear mistake.

Stagflation is knocking at the door of the US economy.

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🇺🇸 US Pre-Market: Mostly Negative 📉

Major Big Tech companies and select growth leaders are trading predominantly in the red, reflecting cautious, defensive positioning among investors and declining risk appetite in the US amid Trump's approaching deadline on Iran.

In the Information Technology sector, Microsoft (MSFT) is down 0.43%, NVIDIA (NVDA) is down 1.30%, while Broadcom (AVGO) is bucking the trend, up 3.10%.

In the Communication Services sector, Meta Platforms (META) is down 0.53%.
Tesla (TSLA) in Consumer Discretionary is down 1.39%, and Visa (V) in the Financials sector is down 0.38%.

With the most liquid and large-cap names under pressure, pre-market action reflects a risk-off tone, with flows rotating toward safer assets.

This is providing short-term support for the dollar through inflows into Treasuries and money markets, while appetite for risk-on, dollar-denominated assets such as equities continues to wane.

▶️ Pro News Flash: Dollar Rallies as Stagflation Looms

🟢 The US dollar strengthened as escalating tensions in the Middle East boosted demand for safe haven assets. Conflicting signals around a potential ceasefire continue to drive uncertainty across global markets.

📉 Despite diplomatic efforts, no real progress has been made. Iran’s rejection of a proposed truce and ongoing geopolitical friction are keeping volatility elevated and preventing a clear market direction.

🛢️ Oil flows remain a critical factor. While traffic through the Strait of Hormuz has recovered to pre-conflict levels, crude prices still include a significant risk premium tied to potential disruptions.

📊 Central banks face a growing dilemma. With energy costs already pressuring consumers, further rate hikes could worsen economic conditions and amplify downside risks.

🌍 Signs of stagflation are emerging in the US economy. Weakening employment data alongside rising input prices suggest slower growth combined with persistent inflation, a challenging mix for both the dollar and global markets.

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🗓 Economic Calendar at 2026/04/08 (GMT)

02:00 🇳🇿 ⚡️ Official Cash Rate — Exp: 2.25% Actual: 2.25%

02:00 🇳🇿 ⚡️ RBNZ Rate Statement

08:30 🇬🇧 Construction PMI — Exp: 43.6 Actual: 45.6

14:30 🇺🇸 Crude Oil Inventories — Exp: -1000K Actual: 3081K

18:00 🇺🇸 ⚡️ FOMC Meeting Minutes

18:00 🇳🇿 RBNZ Governor Anna Breman Speaks


[Updated in real time]

AUDCAD Wave Analysis – 7 April 2026

- AUDCAD reversed from support level 0.9510

- Likely to rise to resistance level 0.9760

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AT&T Wave Analysis – 7 April 2026

- AT&T reversed from strong resistance zone

- Likely to fall to support level 27.00

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Alcoa Wave Analysis – 7 April 2026

- Alcoa broke resistance level 68.20

- Likely to rise to resistance level 75.00

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Google Wave Analysis – 7 April 2026

- Google broke daily down channel

- Likely to rise to resistance level 310.00

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⚠️ New Zealand — Official Cash Rate at 03:00 GMT

✔️ Prev: 2.25%

🕒 Exp: 2.25%

🎯 Fact.: 2.25%

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The crypto market gained 4% with a sigh of relief

The crypto market capitalisation surged by 4% over the past 24 hours to $2.45 trillion, making a promising move above the 50-day moving average. Leading the gains were ZEC (+22%), ICP (+13%) and Avalanche (+9.5%); underperforming the market were TRX (-0.2%), BNB (+2.5%) and Monero (+2.8%). News of a two-week ceasefire brought a sigh of relief, sharply boosting demand for risky assets.

The sentiment index stood at 17 at the start of the day on Wednesday. However, significantly higher levels are to be expected unless the situation changes dramatically by the end of the day, as much of the market’s positivity emerged after today’s figures were released.

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The euro seized the opportunity to rise

The US-Iran ceasefire sent EURUSD to 1.17.

The dollar will be sensitive to developments in the Washington-Tehran talks.

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Oil prices are falling, but not giving up

News of US-Iran talks has knocked 10% off Brent's price.

It will take months to rebuild infrastructure, which will support oil prices.

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🇺🇸 US Pre-Market: Positive 📈

The most major companies in the green, particularly in the technology sector.

In the Information Technology sector, NVIDIA (NVDA) is up 3.51%, Apple (AAPL) is up 2.04%, and Microsoft (MSFT) is up 3.06%.

In the Communication Services sector, Alphabet (GOOGL) is up 4.03%.

In the Financials sector, JPMorgan Chase (JPM) is up 2.70%, while Berkshire Hathaway (BRK.B) is up 1.28%.

The broad-based gains among major technology and financial companies are fostering a risk-on sentiment and sustaining risk appetite.

Demand for the dollar as a safe-haven asset is limited in this environment, keeping the currency's short-term trend negative.

Nasdaq-100 Wave Analysis – 8 April 2026

- Nasdaq-100 broke resistance zone

- Likely to rise to resistance level 2200.00

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USDJPY Wave Analysis – 8 April 2026

- USDJPY reversed from strong resistance level 160.00

- Likely to fall to support level 157.50

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Platinum Wave Analysis – 8 April 2026

- Platinum broke the resistance zone

- Likely to rise to resistance level 2200.00

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EURUSD Wave Analysis – 8 April 2026

- EURUSD broke key resistance level 1.1635

- Likely to rise to resistance level 1.1800

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⚠️ USA — FOMC Meeting Minutes at 18:00 GMT