Coronavirus carnage – The massive stock sell-off has extended as the disease spreads over the world. The US has ramped up its tests, more companies and forecasters are expressing concerns, and additional countries have reported cases – including in Nigeria.
Topics in Depth
GBP/USD has dipped below 1.2850, hitting a new 2020 low as concerns about a no-trade-deal Brexit are weighing on the pound. Coronavirus-linked USD weakness is minimal in this pair.
The USD/JPY pair extended its daily slide during the early trading hours of the American session and touched its lowest level since February 3rd at 108.46. As of writing, the pair was trading at 108.50, erasing 1% on a daily basis.
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"Support and Resistance Lines conform the most basic analytical tools and are commonly used as visual markers to trace levels where the price..."