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.
Resistance Level: 7500, 7600, 7700Support Level: 7300, 7200, 7100 FTSE 100 (UKX) Long-term Trend: BullishFTSE 100 has continued to show bullishness despite the minor retracement. UKX has resumed an upward move to retest the resistance at level 6950. The uptrend will resume once the resistance is breached. Meanwhile, on the March 9 uptrend, a retraced […]
Financial markets showed their expectations regarding the US CPI rates for March, published the day before, as the reaction was observed among all participants. The US monthly consumer price index rose to 0.6%, beating previous and forecasts, while the annual rate also rose to 2.6% in similar circumstances. The US dollar declined for the second […]
Coinbase has made history today, following its initial public offering (IPO) on the Nasdaq. The exchange’s stock price (NASDAQ: COIN) saw a massive spike immediately after its debut on the stock exchange. The stock price surged by 52.4% to $380 per share, as its highly-anticipated listing kicked off on the tech-heavy exchange this afternoon. The […]
S&P 500 Price Analysis – April 14 The S&P 500 updated the record highs during the day at 4154 levels, gaining 0.02% before retreating lower. The bond market sell-off will restart in due course, capping stock market gains. Since mid-March, the 10-year Treasury yield has been relatively steady. Key LevelsResistance Levels: 4250, 4200, 4154Support Levels: […]
STELLAR Price Analysis – April 14 After the pulling back, should the bulls push up the price above the resistance level of $0.69, resistance level of $0.76 may be tested and the price may further increase towards $0.85. In case the bears defend the $0.69 level, there may be a breakdown of the support level […]
Ripple (XRP) has spiked to a new three-year high to almost $2 as Europe’s largest cryptocurrency investment firm, CoinShare, launches an XRP-focused ETP. After releasing exchange-traded products (ETP) for Bitcoin, Ethereum, and Litecoin, CoinShares has trained its focus on an XRP ETP. The Europe-based crypto investment firm revealed that the XRP ETP would get listed […]
Key Resistance Levels: 1.4200, 1.4400, 1.4600Key Support Levels: 1.3400, 1.3200, 1.3000 USD/CAD Price Long-term Trend: BearishUSD/CAD pair is in a downtrend. The pair made a brief uptrend to level 1.2600 on March 30. For the past week, the upward move has been interrupted at the recent high. On the upside, if buyers fail to break […]
Key HighlightsEthereum bulls break resistances at $2,150 and $2,200The biggest altcoin has broken resistance at level $2,300 Ethereum ETH) Current StatisticsThe current price: $2,349.68Market Capitalization: $270,957,376,500Trading Volume: $30,816,542,480Major supply zones: $2,000, $2,200, $2,400Major demand zones: $1,800, $51,600, $1,400 Ethereum (ETH) Price Analysis April 14, 2021 Buyers have broken the $2,150 and $2,200 resistance as Ether […]
The US dollar remained fairly weak yesterday, even though the yield on 10-year US bonds rose slightly, and the market’s attention turned to the CPI for March. Note that US CPI growth is expected to accelerate in March, and if that happens, it could heighten expectations of further inflationary pressures in the US economy, which […]
