Week in review Escalating Middle East conflict and disruptions in the Strait of Hormuz have pushed Brent crude to $90 a barrel, raising fears of oil hitting $150. A surprising contraction in the US labor market (unexpected job losses in February and unemployment at 4.4%) has increased the chance of a June or July interest […]
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Despite the intra-week dip, AUD/USD is still holding in range of 0.6896/7146. Initial bias remains neutral this week first. While more consolidations would be seen, outlook stays bullish with 0.6896 support intact. On the upside, Read more…
USD/CAD’s late decline last week suggests that consolidation pattern from 1.3480 has completed with three waves up to 1.3751, after hitting 55 D EMA (now at 1.3714). Initial bias is back on the downside this Read more…
GBP/JPY gyrated in tight range below 212.10 temporary top last week. Initial bias remains neutral this week first. Overall, price actions from 214.98 are seen as a corrective pattern that could extend further. On the Read more…