South Africa entered the global Covid-19 pandemic with a battered economy troubled by blackouts due to the Eskom disaster.
Blogs
NZD/USD: Will Support Zone Initiate New Breakout Sequence? – 10 April 2020
According to the New Zealand Treasury, the forecast second-quarter GDP contraction is likely to be the most severe one on record.
EUR/USD Forecast: Showing Signs of Strength – 10 April 2020
The Euro has rallied during the trading session on Thursday, breaking above the 1.09 level above, and it does suggest that the market may go looking towards the 1.10 level given enough time.
AUD/USD Forecast: Breaks Out to Show Extreme Strength – 10 April 2020
The Australian dollar has rallied significantly during the trading session on Thursday, breaking above the 0.63 handle during the day.
USD/JPY Forecast: Treading Water Against JPY – 10 April 2020
The US dollar has initially tried to rally during the day on Thursday but gave back the gains as we continue to tread water around the 50 day EMA
S&P 500 Forecast: Likely to Test 2800 Soon – 10 April 2020
The S&P 500 initially pulled back a bit during the trading session on Thursday but then Saul enough bullish pressure to reach towards the 50 day EMA
NASDAQ 100 Forecast: Running into Trouble – 10 April 2020
The NASDAQ 100 has gone back and forth during the trading session on Thursday, showing signs of exhaustion, as we have gone back and forth quite a bit during the trading session.
Dollar Set for Weekly Loss – 10 April 2020
The US Dollar is poised to record a loss for the week and was on shaky ground in early Friday trade in Asia.
Pound Higher Despite Data
The British Pound was moving close to a 1-week peak during London trade on Thursday
High Risk Assets Rise in Asian Trade
High risk currencies gained during early trade in Asia today on rising hopes that the spread of the Coronavirus may finally be hitting a peak in some areas