Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.
The USD/CAD pair resumed a bearish momentum on Tuesday as the currency pair approached its monthly low of 1.2837. The Canadian dollar could come under additional pressure from the Consumer Price Index (CPI) data release tomorrow as economists expect an increase to 8.4% in June from the 7.7% annual rate recorded in May. Also, worsening […]
Nasdaq-listed cryptocurrency exchange Coinbase announced yesterday that it had secured regulatory licensing to provide crypto services in Italy. Vice President of International and Business Development at Coinbase, Nana Murugesan, explained in a statement yesterday: “Today, we’re able to announce a key milestone … securing approval from Italian regulators to provide ongoing crypto services to its […]
Ethereum Classic (ETC) recorded a dramatic rally over the weekend, basking in a decent +61% spike in the Asian session today after peaking at $23.67. Analysts expect additional rallies in the coming days. Reports show that the ETC jump comes ahead of the Ethereum (ETH) network upgrade later this year. Many expect a mass migration […]
Chief executive of the Financial Conduct Authority (FCA), Nikhil Rathi, outlined his agency’s regulatory goals, making mention of cryptocurrency, last Wednesday at Peterson Institute for International Economics. Rathi noted that “one area of global focus is crypto, both opportunities, and risks,” further explaining: “Currently, our remit is limited to anti-money laundering rules for platforms. We […]
NZDUSD Analysis – July 17 NZDUSD bears are driving the market into a major demand zone. For several months, the market has been in a downtrend along the daily timeline. The current downtrend began a few weeks ago due to the breakout below the previous support level at 0.6570. NZDUSD Major Zones Resistance levels: 0.6400, […]
EURUSD Price Analysis – July 18 When the bulls’ momentum break up the resistance level of $1.01, the price may reach resistance levels of $1.03 and $1.04. In case the sellers push down the price below the support level of $1.00, the price may decrease to test the support level of $0.90 which may extend […]
Bitcoin SV Price Analysis – July 18 Should the bulls’ pressure break up the resistance level of $59, $65 level may be broken upside and the resistance level of $71 may be tested. When the resistance level of $59 is defended by the bears, then, support levels of $41 and $35 may be tested. Key […]
The EUR/USD is focusing on higher value levels while the United States Retail Sales become the result of rising inflation in the economy. Last week, the United States Retail Sales was published at 1%, which is more than the last -0.3%, and anticipated 0fuel The high cost of fuel and food caused a spike in […]
DeFI Coin Price Anticipation – July 17 The DeFI Coin price anticipation affords the market a bullish restart after the coin suddenly spikes downward to its all-time low level. DEFCUSD Long-Term Trend: Bullish (1-hour Chart) Key Levels: Supply Zones: $0.13890, $0.12200Demand Zones: $0.10620, $0.08060DEFCUSD has been gradually progressing since it plunged to the $0.10620 significant […]
