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 worldwide benchmark yields’ intra-week rally was short-lived. Following the ECB’s decision on PEPP purchases, yields in Germany, the United States, and Japan began to fall. Although the CPI hit a 13-year high, this occurred. It remains to be seen whether investors agree with central bankers that the situation is temporary. On Friday, the dollar […]
Key HighlightsEthereum faces rejection at $2,400Ether will further decline to $1,791 low Ethereum ETH) Current StatisticsThe current price: $2,351.97Market Capitalization: $273,474,376,133Trading Volume: $22,333,746,433Major supply zones: $2,800, $3,000, $3,200Major demand zones: $1,800, $1,600, $1,400 Ethereum (ETH) Price Analysis June 13, 2021 On June 12, Ethereum dropped to $2,260 low as price corrected upward to $2,460 high. […]
Bitcoin is on the verge of making history with its impending Taproot update, an event as highly-anticipated as SegWit or the last halving. Arguably the benchmark cryptocurrency’s most ambitious update since 2017, Taproot has gained approval by miners and was locked in for implementation later in November. Due to its heavily decentralized nature, any update […]
Key Resistance Levels: $66.00, $70.00, $74.00Key Support Levels: $48.00,$44.00,$40.00 USOIL (WTI) Long-term Trend: BullishUSOIL is in an uptrend. The upward move has reached the high of level 71.21. According to the RSI, the WTI has reached the overbought region of the market. The upward move is doubtful as sellers are likely to emerge to push […]
Key Resistance Levels: $1,900, $1,950, $2000Key Support Levels: $1,750, $1, 700,$1,650 Gold (XAUUSD) Long-term Trend: BullishXAUUSD is in an uptrend. Presently, the upward move is facing resistance at $1,900. Since June 3, the uptrend was repelled as the market declined to $1,860. Gold is now fluctuating between the current support and the resistance. The uptrend […]
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. On March 31st, the uptrend reached the high of level 111.00 and was repelled. The pair fell to level 108.00 and resumed an upward move. The Yen price is making a series of higher […]
US Dollar: As markets continue in the American session, there is significant buying in the dollar. The rise has no obvious cause, except that some traders may be altering their positions ahead of the high-profile G7 meetings. The Swiss Franc’s resiliency confirms this proactive risk aversion. Sterling, however, is up after strong GDP figures. On […]
Key Resistance Levels: $60, $62, $64Key Support Levels: $40,$38,$36 Polkadot (DOT) Price Long-term Trend: BearishPolkadot has continued to fall. Following the last bearish impulse on May 23, Polkadot made an upward correction to a high of $28. However, the selling pressure above the $28 high repelled the bullish momentum. DOT price faces rejection at $28 […]
At the bankers’ committee meeting yesterday, Rakiyat Mohammed, the Director, Information Technology Department, Central Bank of Nigeria (CBN), revealed that the apex bank would launch a Central Bank Digital Currency (CBDC) before the year runs out. The director noted that: “As I said, before the end of the year, the Central Bank will be making […]
