₦airaland Forum

RIP to the dead. You lived a worthy life that can be emulated

Our president is still junketing all around the globe claiming to be looking for investors in countries that are as small as obiakpor LGA in rivers state.

nairalanda1:
What we are seeing is the end result of borrowing for over 40 years since independence....and also years upon years of subsidies.

The tinubu government has to totally remove subsdies on electricity, and also thoroughly remove corruption, and deal with insecurity throughly....no matter whose ox is gored.

But they won't do that....that is why we have the mess we have now.

This is all the fault of running an economy based on selling of resources. Not on manufactured goods and services.

I'm sure you're aware the government is requesting to borrow over $20 billion dollars from financial institutions all over the world.

Wake Up

APC really did nigeria a very bug favor that nigerians will never forget

Mabuggi88:
You can't see Helinues here.
Things are quite difficult beyond citizens bearable limits. It's not something to keep quiet. I see anyone who defends this government as heartless and self-centered.
If anyone tells you the reforms will work or is working, he's just using that to defend his personal pockets as a political jobber. No Reform is working and will never work. This situation we found ourselves will persist till even after 2027.
If you talk they will tell you grow your own foods. Even if you grow your own foods, when you remove all expenses after harvesting, you will still find yourself at loss. Farmers are also groaning, nothing is working as far as human warfare is concerned in Nigeria

I laff at the word "reform". Nigeria economy is not u dergoing any form of reform. Reform is suppose to be a reset for the economy.
A cut in excessive government spending. What we're witnessing is more government borrowing (exactly what Elon Musk is fighting Trump for), no accountability or whatsoever.

If reform was a Nigerian word, scam will be the synonym

Saddest News today. It's painful he left at his prime May his soul rest in peace

Olalekanbanky1:
I pray it works ooo
Omo nigeria ain’t funny again
Cos wtf is 930/litre
As in our own crude oil oh.
Not as if we buy from overseas

Many dont know that pms is less than 300 naira (approximately $0.017 in libya,), $0.45(700 naira in egypt).

Subsidizy can apply to the crude and not necessarily to the end product. Moreover, this will also affect AGO and, kerosene and Jet A1 on Nigeria.

Affordable accomodations, especially if you work around ikeja metropolis. Getting to ojo, alaba requires a bus hop.

Oshodi remains the centre of Lagos

Pms is $0.061 in libya, equivalent of 100 naira.

The rain is here. Thunderstorm will follow. Protect your electrical and electronics from nature's anger. Install your lightning arrestor systems. Call or Whatsapp 08166894416

Ironfaceman:
The things APC are doing, even Satan will be of afraid of them.

People like rotus and that other cannabis junkie sowere. They thrive on parasitic relationship.

But now Nigerians can decern the truth.

Wrong. If you know Rotus Odiri , well long enough before he joined arise tv, he has always been a strong advocate of the removal of any form of subsidy. He belives in the free market economies. Even in the days of emiefele and buhari. He was a stauch critic of emiefele and cbn anchor borrowers program for farmers because of its opaque nature. The partial floating of the naira under the last government.

It has absolutely nothing to do with Obi's submission or taking sides with BAT.

08166894416, Lagos

The yardstick dangote used is unfair. Among all large crude oil producers in Africa Nigeria tops Algeria, Egypt, Libya and Angola.

Among these countries, Nigeria's pms price is the highest at $0.65 while Libya sells close to $0.20.
Nigerians don't enjoy what god has given us And if you take in to consideration that these countries also enjoy 24 hrs power supply, energy is expensive in Nigeria, reason why we can't produce or compete with other African countries

One tribe causing headache for the entire country.

casualobserver:
Wait O! So Dangote had unplanned outage for a month, nobody heard, it took a report from a foreign agency for us to know. PH Refinery shut down for maintenance and it’s a crime that sets the whole world ablaze. That useless sychophant energy expert MR Kelvin did not think he should mention in his numerous interviews over the last month that Dangote was shut down?

He mentioned it and Dangote refinery mentioned it in one of their reports that they were going for routine maintenance but had enough reserves for future supplies.

WhatIf:
He want to correct the mess he installed, unfortunately some people are benefiting from the mess, and they are trying their best to prevent His Excellence to correct the mess.

Really. Did you see what happened to trump when he approached the congress to propose tax cut and increase budget deficits over 10 years? They denied him because the country is already in serious debt.

Tinubu and jis clowns paid $3.4 bilion IMF loan last week, he has returned to the house this week to borrow $28 billion. He'll surely get it because everyone in that house is after what they can grab.

These were what saraki senate stood against when buhari wanted to embark on reckless borrowing.
This same Tinubu called him enemy of progress hindering buharis government. Buhari got his way and removed saraki giving him free access to borrow recklessly.

Today, buhari is gone, it's Tinubu s turn and you say he knows nothing about the mess. He's the architecture of the mess.

So did Obasanjo. Obasanjo cleaned up the mess without excuses. This one is a mess himself

That man no get scorecard and he wanya to do campaign. Worse than buhari. Under buhari a bottle of coke sold 200, now its 500.

A failure of a government. As for his supporters, they make me understand why Nigeria is like this

Evilstorm:
Yes. The Police have legal backing. All I see is the NSCDC being on the defensive because they have something to hide. One thing is clear about Mining site in Nigeria: it I run by child labour, human trafficking and force labour. People died in that Mining site and they covered it up which made them to rush to the Internet in other to gather public sympathy as Police are always the bad eggs

Any issue relating to mining activities in Nigeria is within the policing jurisdiction of the NSCDC according to the act that set it up.

In the case of a homicide within the domain of any mining site, the poloce can conduct investigation, working along with the NSCDC personnels.
It's not the work of the NSCDC to handle homicide cases.
Our security officers need to know where the line is drawn when it comes to carrying out their duty, especially when inter agency collaboration is needed.

The police need not invite over sixty men, including the police and army to carry out investigation which is their lawful duty.

She deserves all the accolades. All hope not lost in Nigeria

Alphabyte3:
It is not connected to real time market data . It was using old one from the past . Try Meta AI and see a brief review

This meta AI response

The EUR/USD pair closed at 1.13654 on May 26, showing an upward trend. Here's a breakdown of the analysis:
Trend: The overall trend is upward, driven by a general decline in the US dollar and positive news from Germany, such as a 0.4% quarter-on-quarter GDP growth in the first quarter.
Support Levels: Key support levels are 1.1300, 1.1220, and 1.1170.
Resistance Levels: Resistance levels are 1.1385, 1.1460, and 1.1530.
Trading Signals:
Buy: Buy Euro-Dollar from the 1.1210 support level with a target of 1.1420 and a stop-loss of 1.1150.
Sell: Sell Euro-Dollar from the 1.1430 resistance level with a target of 1.1100 and a stop-loss of 1.1510.
Technical Analysis: The EUR/USD pair is moving within an upward channel, with the 14-day RSI stabilizing above the 50-line and the MACD indicator turning upwards. However, the pair needs further impetus to confirm the strong control of bulls.
Market Sentiment: The Euro-Dollar exchange rate peaked at 1.1572 on April 21 and has risen by 9.56% in 2025, with hopes for a German economic recovery under Chancellor Merz's new government driving investor interest ¹ ².


Reply to Meta AI…

Alphabyte3:
It is not connected to real time market data . It was using old one from the past . Try Meta AI and see a brief review

Just xomparing the two. Deepseek is not at beta stage, why is it pulling outdated information. It's even stating the data as May 26. That's crappy technology

The church didn't cayse the hunger. It solved the hunger. Many have received such help and never influenced their faith.

Shank should grow up

Alphabyte3:
Gemini and anthropic Claudia are the leading models currently they are more experienced in generative AI others are behind . Sama will be forced to release GPT-5 only in the US so sad

I'm referring to the overwhelming errors that deepseek generated. Whatever models the chinese are using os failing. That's what happens when you rush a technology that you're not grounded in a bid to show the world you can't be left behind.

So i decided to do a review of the euro/Dollar pair using AI before entering an order position. Something weird i noticed with deepseek. Is it sick or drunk.

See the output i got from deepseek compared to ChatGPT. Anyone else can try, is it me or something else.

Question: Do a forex analysis of the eur/usd pair yesterday May 26


Deepseek Response:
Certainly! Here’s a **forex analysis** of the **EUR/USD** pair for **yesterday (May 26, 2025)** based on typical market factors. *(Note: Since today is May 27, 2025, this analysis is for the previous trading day.)*

### **EUR/USD Analysis – May 26, 2025**
#### **1. Price Movement Overview**
- **Opening Price:** [Assume ~1.0850]
- **Closing Price:** [Assume ~1.0820]
- **Daily Range:** [e.g., 1.0800 – 1.0870]
- **Key Trend:** Slightly bearish (EUR weakened against USD).

#### **2. Key Drivers for May 26**
- **US Dollar Strength:**
- Possible factors:
- Hawkish Fed expectations (if recent US data was strong).
- Risk-off sentiment boosting USD demand.
- **Euro Weakness:**
- Lack of major Eurozone economic data releases.
- Political uncertainties (if any, e.g., EU elections, ECB dovish hints).
- **Technical Factors:**
- Resistance near **1.0870-1.0900** holding strong.
- Support around **1.0800** tested but held.

#### **3. Technical Analysis**
- **RSI (Daily):** Neutral to slightly oversold (~30-40).
- **Moving Averages:**
- Price below **50-day MA** (bearish short-term bias).
- **200-day MA** acting as long-term support (~1.0750).
- **Key Levels:**
- **Support:** 1.0800 (psychological level), 1.0750 (200-day MA).
- **Resistance:** 1.0870, 1.0900 (key pivot).

#### **4. Sentiment & Outlook**
- **Short-term:** Bearish pressure due to USD strength.
- **Medium-term:** Depends on upcoming US inflation data (PCE) & ECB signals.

Would you like a deeper dive into any specific aspect (e.g., order flow, news events)? Let me know!

*Note: If you need exact numbers from May 26, 2025, I recommend checking Forex historical data on TradingView or ForexFactory.*



ChatGPT Response:

On Monday, May 26, 2025, the EUR/USD currency pair experienced a notable upward movement, influenced by both political developments and technical factors.


---

📈 Market Overview

The euro appreciated by 0.55% against the U.S. dollar, reaching $1.1418. This surge was primarily driven by U.S. President Donald Trump's decision to postpone the implementation of 50% tariffs on European Union imports, initially scheduled for June 1, now delayed to July 9. This unexpected move alleviated immediate trade tensions, boosting investor confidence in the euro and exerting pressure on the dollar, which was already under scrutiny due to proposed fiscal policies that could significantly increase U.S. debt over the next decade .

Additionally, the U.S. dollar faced downward pressure due to concerns over fiscal deficits and erratic policy shifts, further enhancing the euro's appeal .


---

🔍 Technical Analysis

Resistance Levels: The EUR/USD pair surpassed the resistance level at 1.1480, indicating strong bullish momentum .

Support Levels: Key support levels were identified at 1.1343 and 1.1316, serving as potential pullback zones .

Indicators:

The 20, 50, and 100-period Simple Moving Averages (SMA) signaled a 'Buy'.

The Moving Average Convergence Divergence (MACD) also indicated a 'Buy'.

However, the Relative Strength Index (RSI) and Stochastic Oscillator suggested the pair was entering overbought territory, signaling a potential for short-term consolidation or a minor pullback .


Chart Patterns: The formation of a cup-and-handle pattern on the daily chart suggests a bullish continuation, with the pair moving above both the 25-day and 50-day Exponential Moving Averages (EMA) .



---

🔮 Outlook

The EUR/USD pair's recent performance indicates a strong bullish trend, supported by both fundamental and technical factors. However, traders should remain cautious of potential overbought conditions and monitor upcoming economic data and geopolitical developments that could influence market sentiment

Omoawoke:
One thing I know no man can hide is low IQ

You may try to keep quiet, talk less…. Try as hard as you can, but once you don’t have sense, it won’t take long for you to be figured out that you are without a thinking head

Thank you bro. This one na aroma wet no fit hide. Low IQ no dey hide

Factcheck0001:
bro it's a very big lie

Something in them will give them out, it could b d car, d designer wear, d designer wristwatch or something they like to do.

At least they will always do something that will speak class.

They will always b addicted to one thing that will make u know this guy no dey play, it could even b gadget

Bro, you never see, you never jam. Some rich men will irritate you

MaziObinnaokija:
Thank God for the CCTV. The girl sef nah confam omo ABULE.


Her sense go wake up now

You're right. Some people will ignorantly question the use of cctv because it doesn't catch a thief on site . This guy might be a serial thief that's been going from shop to shop and this shop was his last.
CCTV has saved many innocent lives from going to prison for crime they know nothing about.
Small business owners install cctv. Farm, construction site, restaurant, barbing salon, school, hospital, parks, homes etc banks etc

I know he was going to be caught. Don't underestimate the effectiveness of cctv surveillance system. Crimes are bursted with the help pf cctv. You own a business or have a house you're building, remember to install one. Dont wait for police. Make police work easier for them.

We install cctv surveillance system. We installed for many Nairalanders. See below thread for confirmation

https://www.nairaland.com/6360460/cctv-camera-installation-schools-lagos

mcquin:
We don suffer for Edo. I practically relocated from my Siluko Road office to G.R.A cause of the nuisance of agberos and touts calling themselves bus drivers/conductors. EDSTMA that was active under Obaseki has now gone quiet as the hooliganism has been enthroned.

Funny truth is that is what Edolites want. Trade on walk ways, pick and drop passengers at the middle of the road. Go to Ring Road and see different uniforms, nearly 7 doing God knows what with imprints as Freedom at Last. That freedom to do nonsense when Obaseki no been allow us.

I once criticized Obaseki here over his failure to fix Sapele Road in the name of it being a Federal Road, but walai that guy was good; changed the face of our civil service. We really don't know what we have till we lose it.

We warned them. They allowed politics of hate ti consume them. I highly rated edo electorates before now. But not anymore.

How can you choose a Monday over a hugh flyer like Asuen Ighodalo. Edo lost it 2024