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 (XRP) has claimed yet another small victory in its ongoing legal case against the US Securities and Exchange Commission, following a court ruling denying the SEC from gaining access to Ripple’s lobbying activities and logs. Magistrate Judge Sarah Netburn of the District Court for the Southern District of New York ruled on June 15 […]
S&P 500 Price Analysis – June 16 Following a U-turn from the all-time high, S&P 500 index is trading around in a 4235-50 range. The risk index, on the other hand, is based on US Treasury yields and depicts lethargic markets ahead of the critical US Federal Open Market Committee (FOMC) meeting. Key LevelsResistance Levels: […]
STELLAR Price Analysis – June 16 When the price break down the support level of $0.30, by the bears increased momentum, the price may decrease to the low of $0.22, which may extend to $0.16 level. In case the bears’ pressure are unable to break down the support level of $0.30, bulls may take over […]
According to a recent survey carried out by the Financial Times, hedge funds are likely to increase their cryptocurrency exposure to 7% by the next five years. This report comes after prominent hedge fund names like Stan Druckenmiller, Paul Tudor Jones III, SkyBridge Capital, and more increased their involvement in the crypto industry. Based on […]
In yet another Bitcoin (BTC) acquisition strategy, MicroStrategy has filed a registration statement with the US Securities and Exchange Commission (SEC) to launch an “‘at the market’ securities offering for flexibility to sell up to $1 billion of its class A common stock over time.” The firm’s class A common stock trades on the Nasdaq […]
Key Resistance Zones: 34000, 34500, 35000Key Support Zones: 27000, 26500, 26000 US Wall Street 30 (US30USD) Long-term Trend: BullishUS30USD is in a uptrend. Since May 10 the uptrend has been interrupted as the index resumed its downward move. After the first resistance, the altcoin dropped to level 33400 but price corrected upward. Today, the index […]
Key Resistance Levels: 1.0800, 1.0900, 1.1000Key Support Levels: 1.0600, 1.0500, 1.0400 EUR/CHF Price Long-term Trend: BearishEUR/CHF pair is in a downward move since March. In April, the currency pair broke below the moving averages as the selling pressure resumes. On March 16, a retraced candle body tested the 38.2% Fibonacci retracement level. The retracement indicates […]
After robust, performance PPI inflation statistics, the dollar surges in the early US session. Retail sales and manufacturing numbers that were lower than predicted were dismissed. For the time being, the Yen and Euro are the next strongest currencies. The pound continues to be pushed down by the delay in its reopening, as well as […]
USDCHF Price Analysis – June 15 In lackluster trading during Tuesday’s European session, the USDCHF eases to 0.8965 low, down 0.10 percent intraday. The US Dollar Index (DXY), which measures the greenback, adds to the minor losses witnessed, as USDCHF slides back to the mid-0.8900 range on Tuesday, reflecting the sluggish market action. Key LevelsResistance […]
