OCBC strategists Sim Moh Siong and Christopher Wong highlight that recent US labour data and escalating Middle East tensions are supporting the Dollar. Stabilising jobless claims and sharply lower Challenger layoffs precede a key payrolls release that could shift the Federal Reserve toward a more symmetric stance. A stronger-than-expected jobs report is seen as potentially alleviating US growth concerns…
2026.03.06 2026.03.06 WTI Crude Oil: Elliott Wave Analysis and Forecast for 06.03.26–13.03.26 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Major Takeaways Main scenario: Consider long positions from corrections above 63.60 with a target of 87.00–95.50. A buy signal: the price holds above 63.60. Stop Loss: below 63.60, Take Profit: 87.00–95.50. Alternative scenario: Breakout and consolidation below 63.60 will…
Thursday’s session was defined by the intersection of persistent Middle East war tensions, resurging oil prices, and a U.S. labor market picture that remained resilient heading into Friday’s critical nonfarm payrolls report. The U.S. dollar finished the day as the top performer among major currencies, supported by sticky inflation concerns and hawkish Fed commentary, while equities extended their slide…
We’re starting to see oil prices approach the highs from yesterday and most notably, WTI crude oil is wanting to hold above the crucial $80 mark. Despite all the volatility and a couple of downside spikes here and there, it’s been an otherwise one-sided push higher mostly for oil prices all through this week. Right now, we’re seeing WTI…
Here is what you need to know on Friday, March 6: Market participants gear up for the release of the US February employment report on Friday, which will feature Nonfarm Payrolls (NFP), Unemployment Rate and wage inflation figures, while navigating through the headlines surrounding the Middle East crisis. Following the Senate vote on Wednesday, the US House has rejected…
2026.03.06 2026.03.06 Euro Falls Prey to Energy Shock. Forecast as of 06.03.2026 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ Investors see a repeat of the 2022 scenario as a tail risk. The baseline scenario is a quick ceasefire in the Middle East. However, the prediction market thinks otherwise. Let’s discuss this topic and make a trading plan for the EUR/USD pair. The article covers…
AUD/CAD is testing a key support zone after days of losses. Will the bulls step in to extend a longer-term uptrend? Or will we see a downside breakout in the next trading sessions? AUD/CAD 4-hour – Chart Faster with TradingView The Australian dollar has been one of the weaker major currencies this week despite expectations for a hawkish RBA,…
The situation in the Middle East remains the main story, as it has been in markets all week long. The optimists are looking for signs of de-escalation but so far, the actions on the ground continue to tell the story that the military conflict is carrying on. The latest developments since overnight trading did at least reveal a couple…
The Pound Sterling trades marginally higher to near 1.3365 against the US Dollar (USD) during the Asian trading session on Friday. The GBP/USD pair edges up as the US Dollar ticks down ahead of the United States (US) Nonfarm Payrolls (NFP) data for February, which will be published at 13:30 GMT. As of writing, the US Dollar Index (DXY),…
With rising crude oil prices seemingly outweighing risk-off flows for the Loonie, CAD/CHF managed to break above its falling trend line on the 4-hour chart. Can the reversal gain traction from here? Check out these potential support zones marked by the Fibonacci tool! CAD/CHF 4-hour Forex – Chart Faster with TradingView It has almost been a whole week since…
