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.
Gold (XAU/USD) struggled to sustain its goodish uptick from yesterday and has renewed its daily low of around $1832 in the early European session on Wednesday. The prevalent risk-on market mood was mostly responsible for the scarcity of demand around gold, which capped any additional gains for it. Also, the pickup in the US Treasury […]
GBPJPY Price Analysis – February 3 GBPJPY has been in a declining move over the last couple of days after the upside rally towards the recent high of 144.09 dwindles further beneath 143.69 level as of today’s European session. The market expects further JPY strength which is not due to a negative view on global […]
EURCAD Price Analysis – February 3 The EURCAD’s lower break of 1.5422 level by sellers now confirms the resumption of the whole decline from 1.5979 towards the mid 1.5300 level. The EURCAD pair had slipped underneath the 1.5400 early during the European session as Loonie stays firm on the oil price surge. However, the primary […]
XRP/USD Market February 02 If the bulls were able to increase their momentum and break up the $0.39 level, then, $0.49, $0.62 will be the next target. Should the resistance at $0.39 holds, the price may continue consolidating at the $0.39 level. However, below the current market price are $0.28, $0.21, and $0.17 support levels. […]
Eurozone GDP contracted -0.7% QoQ in Q4, which is less than expected -1.8% QoQ. Over the year, GDP contracted -6.8% y/y. EU GDP contracted 0.5% QoQ. Over the year, EU GDP contracted by 6.4% y/y. Among the EU member states for which data for the 4th quarter are available, the largest decrease compared to the […]
21Shares, one of the world’s largest cryptocurrency exchange-traded products (ETPs), is releasing the very first Polkadot (DOT) ETP. The company announced earlier that the new product might get listed on the Swiss SIX exchange on February 4, 2021. The new ETP is coming just after Polkadot got added to 21Shares’ top ETP product Crypto Basket […]
Key Resistance Zones: 24000, 25000, 26000Key Support Zones: 22000, 21000, 20000 Italy 40 (ITA40) Long-term Trend: BullishItaly 40 is making an upward move after falling to the low of level 21500. After consolidating above level 21500 for four days, the index resumed upward. The price is likely to retest the level 23000 and break it. […]
USDCHF Price Analysis – February 2 The USDCHF for the 3rd day in a row continues to move with an upward surge toward the 0.9000 level. In doing so, the pair marked reversal from the sub 0.8900 zones as the US dollar index extends rally beyond 91.00 giving a boost for the USDCHF pair. Key […]
S&P 500 Price Analysis – February 2 The S&P 500 holds past 3800 levels as upside traction prints fresh highs in the mid 3800 vicinities to maintain the immediate threat of a higher spike. The index had opened positively on Tuesday amid surging oil prices with Energy Index up nearly 2% after the opening bell. […]
