While some traders may correlate the decline in value for the NGN as part of a reaction to the Coronavirus pandemic, the African currency has not rebounded and remains within a stubborn weak trading range against the US Dollar likely due to the collapse of trading in the world’s Crude Oil industries.
Blogs
S&P 500 Forecast: May Finally be Running Out of Steam – 10 June 2020
We may have found some exhaustion in a market that has been overdone.
USD/JPY Technical Analysis: Bearish momentum ahead of the Fed decision – 10 June 2020
For the third straight day, the USD/JPY continues its bearish correction.
Gold Technical Analysis: Will it Return its Gains Again? – 10 June 2020
For three trading sessions in a row, the gold price is back to correct upwards and compensate for its recent losses, which extended to the $1671 support at the end of trading last week.
AUD/USD Forex Signal: Bulls Struggling to Break 0.7000 – 10 June 2020
AUD/USD: Aussie has great residual strength
EUR/USD Technical Analysis: The US inflation Reception on the Rise – 10 June 2020
EUR/USD Technical Analysis: The US inflation Reception on the Rise.
GBP/USD Forecast: Finding Buyers at 200 Day EMA – 10 June 2020
The British pound has broken down a bit during the trading session initially on Tuesday, reaching towards the 200 day EMA.
NASDAQ 100 Forecast: Continues to Threaten 10,000 – 10 June 2020
The NASDAQ 100 has initially pulled back a bit during the trading session on Tuesday only to shoot above the 10,000 level at one point during the day.
USD/BRL: Bullishness Hints at Minor Advance Before Sell-Off – 10 June 2020
Brazil became the epicenter of the global Covid-19 pandemic.