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.
eToro, on the largest trading platform, recently notified its users that there could be disruptions in their cryptocurrency trading services due to extreme demand. The exchange went on to explain that it was experiencing “unprecedented conditions on crypto markets,” as Bitcoin (BTC) prices and the cryptocurrency market cap are close to their highest levels in […]
Despite the decline in US yields, the US dollar still appreciated. That was enough for gold to drop 0.45% to $1,845.00 an ounce. Traders are also nervous: today, gold fell another 0.40% to $1,838.00 an ounce. The new US administration, led by President-elect Joe Biden, is expected to unveil a massive Covid-19 relief package worth […]
Key Resistance Zones: 7000, 7100, 7200Key Support Zones: 6100, 6000, 5900 Australia 200 (AU200AUD) Long-term Trends: RangingAU200AUD is in a sideways move below level 6800. The price has continued to consolidate below the resistance at level 6800. The market will resume an upward move if the resistance at level 6800 is breached. The index will […]
Key Resistance Levels: 0.9200, 0.9400, 0.9600Key Support Levels: 0.8800, 0.8600, 0.8400 EUR/GBP Price Long-term Trend: BearishEUR/GBP is in a downward move. The pair is approaching the low of level 0.8800. The market has reached the previous low at level 0.8866. The price has reached the oversold region of the market. Buyers are likely emerge. Daily […]
The United Kingdom’s country-specific exchange-traded funds have traded considerably well since December, as investors across the globe have been pacified by the recent developments in the post-Brexit deal with the EU. Since October last year, the currency-related Invesco CurrencyShares British Pound Sterling (NYSEArca: FXB) has grown by 5.6%, while the iShares MSCI United Kingdom ETF […]
Key Resistance Levels: 78.00, 80.00, 82.00Key Support Levels: 58.00, 60.00, 62.00 AUD/JPY Price Long-term Trend: BullishAUD/JPY pair is now in an upward move. Presently, the pair tested level 81.00 resistance zone and fell to level 80.00 support. The Yen is consolidating above the current support for a possible upward move. If the price breaks level […]
The EUR/AUD continued on a sharp descent towards the 1.5600 in the mid-European session on Thursday, amid a weakening Euro. The political uncertainty in Italy has caused investors to become reserved towards the EUR. Three ministers from the ruling coalition resigned yesterday, putting the future Prime Minister, Giuseppe Conte, in a precarious position. If Conte […]
Selling the euro against commodity currencies appears to be the main topic in mixed markets today. The dollar does not appear to be too worried about the overnight contraction in Treasury yields and remains broadly within last week’s range. Sterling is struggling to continue its gains despite remaining the strongest of the week. The yen […]
AUDUSD Price Analysis – January 14 AUDUSD pair continues upside move with a fresh bid during the European session, now extending the upside bias towards 0.7800 amid $2 trillion US stimulus plan announcement, as markets await further trading impetus. Key LevelsResistance Levels: 0.8170, 0.8136, 0.7800Support Levels: 0.7725, 0.7635, 0.7461AUDUSD Long term Trend: BullishAs seen on […]
