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.
As the Chinese government continues to crack down on Bitcoin mining and cryptocurrency use in the country, the Sichuan power plants have received orders to cease servicing Bitcoin miners in the region. The new development got reported by the Ya’an municipal government. An insider told local media house Panews that the Sichuan Ya’an Energy Bureau […]
Whale Alert DLT, an analytics company tracking large cryptocurrency transactions in the crypto space, has highlighted large Ripple (XRP) movements over the past 24 hours. Their report shows that over 282 million XRP has exchanged hands across prominent exchanges. Meanwhile, Whale Alert noted that Ripple moved 127.6 million XRP (over $107 million) in two tranches. […]
Key Resistance Levels: $1,900, $1,950, $2000Key Support Levels: $1,750, $1, 700,$1,650 Gold (XAUUSD) Long-term Trend: BearishXAUUSD is in a downtrend. Since May 31, the upward move is facing resistance at $1900. In the first resistance the market decline to $1,860. On June 11, Gold faces another resistance which made it drop sharply. On June 1 […]
BNBUSD Price Analysis – June 18 Should the bulls defend the support level of $364, the price may breakout at $420 level continue its uptrend movement towards the resistance level of $503 and $599. On the other hand, more pressure from the sellers may push down the Binance Coin to break the support level of […]
As expected, the BoJ did not make any changes to its monetary policy. The short-term interest rate target is kept at -0.10 percent under the yield curve control framework. The Bank of Japan will continue to acquire JGBs with no upper limit to keep 10-year JGB yields around 0%. With one abstention, the decision was […]
Key Resistance Levels: $60, $62, $64Key Support Levels: $40,$38,$36 Polkadot (DOT) Price Long-term Trend: BearishSince June 14, Polkadot (DOT) has been falling after the rejection at $29. The selling pressure has broken below the moving averages which suggests a further downward movement of prices. The current price fall was the failure of buyers to break […]
Key Resistance Levels: 111.000, 112.000, 113.000Key Support Levels: 104.000, 103.000, 102.000 USD/JPY Price Long-term Trend: BullishUSD/JPY is in an upward move. Since April 26, the Yen price has been making a series of higher highs and higher lows. Today, the Yen is retracing after reaching a higher high of level 111.00. Incidentally, the bulls have […]
Since bond yields have temporarily remained flat, the USD has continued to increase its gains following the Fed’s hawkish meeting. Today, the dollar’s post-FOMC surge continues to dominate the markets. The Yen, on the other hand, is catching up as US futures point to a lackluster start. The Japanese currency is also aided by selling […]
The SEC has just announced a postponement on global investment manager VanEck’s Bitcoin ETF filing. This would be the second time the Commission is postponing its ruling on the product since its filing earlier this year. The SEC noted that it needed the judgment of other interested parties on the matter, explaining the delay. The […]
