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.
Saudi Arabia’s Central revealed that its using blockchain technology, to inject more liquidity into the country’s banks. The Saudi Arabian Monetary Authority (SAMA) announced that the injection was intended to continue its initiatives and research with blockchain technology, thus increasing its ability to offer credit lines continually. However the volume of liquidity was not released, the […]
Gold (XAU/USD) has inched higher at the close of the European session on Monday, recovering from a sharp drop after a surprising US employment data. At press time, Spot Gold is trading at $1,699 about 1.7% up from last week’s 3% drop. This drop was the sharpest one-day drop in 9 weeks and it came […]
EURUSD Price Analysis – June 8 At the early stages of the week regarding last Friday’s modest retracement, EURUSD is battling for trajectory in the 1.1300 regions. The FX pair triggered a reversal lower to the sub-1.1280 level after reaching fresh 3-month highs close to 1.1400 level on Friday where it appears to have reached […]
EURUSD trades within a rangebound unifying zone near 1.1300 level At the early stages of the week regarding last Friday’s modest retracement, EURUSD is battling for trajectory in the 1.1300 regions. The FX pair triggered a reversal lower to the sub-1.1280 level after reaching fresh 3-month highs close to 1.1400 level on Friday where it appears […]
Gold (XAU/USD) climbed higher in the early European session and is currently trading at the strong $1,700-$1,695 pivot level. The yellow metal has gotten some bullish support from the $1,670 region and is moving back to retest the 50-day moving average resistance. This uptick lacks any fundamental backing and is believed to be mainly as […]
Key Resistance Levels: 1.09000, 1.10000, 1.11000 Key Support Levels: 1.05400, 1.05200, 1.05000 EUR/CHF Price Long-term Trend: BullishEUR/CHF pair is in an uptrend. From the Fibonacci tool, the currency pair has reached its first target of level 1.618 and approaching the second target at level 2.618. Therefore we still may buy pending when the price reverse. […]
XAGUSD Price Analysis – June 8 During Monday’s European session, despite taking a U-turn from near-term low, Silver price take offers near $17.22 level, up 1.50 percent on a day. The precious metals sector was projected to decline but it seems to rebound as the star performer among the precious metals complex against the greenback, […]
Key Resistance Levels: 0.9200, 0.9400, 0.9600Key Support Levels: 0.8800, 0.8600, 0.8400 EUR/GBP Price Long-term Trend: BullishThe EUR/GBP pair is in a bullish trend. Since on May 19, the market has been fluctuating between level 0.89000 and 0.90000. The pair is currently falling and approaching the low of level 0.88874. An upward move is likely to […]
The crypto derivative activity soared in May and registered an all-time high, as per a report released by crypt data company CryptoCompare. CryptoCompare says in a recently released May 2020 study that derivative volumes soared to $602 billion, a 32 percent leap. The research also stated key development channels. As per the report, for May, […]
