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.
Canada’s February employment report exceeded expectations with 259,000 job growth. Analysts at the National Bank of Canada continue to believe that the recent labor market soft spot should be temporary, as strong economic growth is expected to boost hiring. The Canadian dollar even strengthened on stronger-than-expected employment data. Sterling, kiwi, and the Swiss franc are […]
The world’s largest cryptocurrency exchange, Binance, is reportedly under investigation by the US Commodity Futures Trading Commission (CFTC) for letting residents trade derivatives without having the necessary registration. Although the CEO of the company, Changpeng Zhao, has come out to call the accusation a “FUD,” it didn’t stop the cryptocurrency market from taking the news […]
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. In March, the price is making a series of higher highs and higher lows. On March 5 uptrend; a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates that the USOIL will rise to […]
Key Resistance Levels: 150.000, 152.000, 154.000Key Support Levels: 146.000, 144.000, 142.000 GBP/JPY Price Long-term Trend: BullishThe GBP/JPY is in a smooth uptrend. The pair is presently retracing because the market has reached the overbought region. However, the Yen has been trading in the overbought since February 5. The price has been fluctuating on the upside […]
EURJPY Price Analysis – March 12 EURJPY has declined rapidly after ascending to the high level at 130.34 level during the early European session on Friday. The currency pair breached the 130.00 psychological zones to hit a fresh intraday high at 130.34 marks. Investors were not convinced by the ECB’s report and are worried about […]
Bridge Oracle, a TRON-based public oracle, announced yesterday that it has finally launched its mainnet. The project, which has gotten described as the first-ever public oracle project on TRON’s blockchain, will enable users of the blockchain to deploy real-world dApps on TRON. A spokesperson from Bridge Oracle noted that “the mainnet launch will allow you […]
BNBUSD Price Analysis – March 12 There is the possibility for the price increase if the bulls increase their pressure and the $311 level do not hold, then, the resistance level at $364 and $450 is likely to be tested. The breaking down of the $254 price level will expose the coin to $196 and […]
Key Resistance Levels: $40, $42, $44Key Support Levels: $30,$28,$26 Polkadot (DOT) Price Long-term Trend: RangingDOT price is presently stuck below $38 for the past two days. The coin is now fluctuating between $36 and $38. Buyers were able to push the crypto to the high of $40 but could not sustain the uptrend. The price […]
Leaving monetary policy unchanged, the ECB indicated that it will increase asset purchases in the coming months. The move is in response to rising bond yields, which could tighten financial conditions. In terms of economic development, the central bank attributed the likely decline in 1Q21 to high levels of coronavirus infections, mutations, and restrictions. However, […]
