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.
Ripple Labs (XRP) continues to bring the heat in its ongoing lawsuit against the US Securities and Exchange Commission (SEC) after filling a letter supporting its claims that the SEC intentionally provided inaccurate responses to its Fourth Set of Requests for Admissions (RFA). The latest development was shared by Ripple community attorney James Filan via […]
STELLAR Price Analysis – June 08 In case the sellers push the price to penetrate the support level of $0.11 downside, price may decline towards the support levels of $0.11, $0.09, and $0.08. Should the daily candle close above the $0.16 resistance level by the bulls’ pressure, then, Stellar price may incline to $0.20 levels […]
USD/TRY keeps moving towards the $17.00 mark while refreshing its yearly high for the 3-days straight. The pair is receiving offers near $16.85 before today’s European trading period. The US dollar correction might be the promoter of USD/TRY’s new strength. Nevertheless, the dissimilar monetary policies between the Federal Reserve and the Central Bank of the […]
EURCHF Analysis – June 7 EURCHF buyers are set to yield more buying moments as bull momentum continues toward the 1.04950 key zone. The buyers of the EURCHF market had setup price moments following a strong liquidity drop of bearish sales from 1.04950 down to 1.02140 key levels. When the bears manipulated the EURCHF value […]
Key HighlightsLTC price consolidates above $60 LTC/USD in a downtrend Litecoin (LTC) Current StatisticsThe current price: $64.18Market Capitalization: $5,390,804,159Trading Volume: $520,973,797Major supply zones: $200, $220, $240Major demand zones: $100, $80, $60 Litecoin (LTC) Price Analysis June 7, 2022Litecoin’s (LTC) price is in a downward correction as it consolidates above $60. The upward move is restricted […]
Key Resistance Levels: 1.4200, 1.4400, 1.4600Key Support Levels: 1.3400, 1.3200, 1.3000 GBP/USD Price Long-term Trend: BearishGBP/USD is in a downward correction but faces rejection at level 1.2560 . It is trading above the 21-day line SMA and below the 50-day line SMA. The implication is that the Pound will be compelled to a range bound […]
New reports show that Bitcoin (BTC) suffered most of its selling volume since April in the US session. Active traders in the US session are majorly responsible for the selling pressure seen in the market, while Asian traders are responsible for the opposite. According to the report, Asian session traders mostly pump the digital currency […]
The US dollar index (DXY), which tracks the dollar’s performance against other benchmark currencies, soared to a two-week high in the Asian session on Tuesday. The dollar rode on the back of rising US Treasury yields, which forced the yen to a two-decade low of 133 against the dollar. This level had been marked as […]
A retirement company has sued the US Department of Labor (DOL) and Secretary of Labor Martin Walsh over the agency’s Compliance Assistance Release No. 2022-01 guidance. This guidance, titled “401(k) Plan Investments in ‘Cryptocurrencies,” was introduced to prevent retirement investment providers from offering crypto plans on March 10. The lawsuit by Forusall Inc. argues that […]
