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) dipped in the early Asia trading session on Monday as growing US-China tensions continue to influence demand on the safe-haven asset. Gold futures shed about 0.47% reaching a low of $1,724 just a few hours ago. The precious metal failed to hold on to its gains from last week’s session. Stocks, which are […]
Key Resistance Levels: 0.9200, 0.9400, 0.9600Key Support Levels: 0.8800, 0.8600, 0.8400 EUR/GBP Price Long-term Trend: BearishThe EUR/GBP pair is in a sideways trend below the overhead resistance at level 0.94000. Since on April 14, the pair has been consolidating above level 0.87000. On May 11, the price rebounded above level 0.87000 to resume upward move […]
According to the fund manager, the upcoming and anticipated version of ETH 2.0 may not have a positive impact on the Ethereum network, as expected. Even though there is a lot of unrest in the crypto community, not everyone is excited. Kelvin Koh of Spartan Group, a crypto hedge fund, and financial advisory company, said […]
Key Resistance Zones: 28500, 29000, 29500Key Support Zones: 26000, 25500, 25000 US Wall Street 30 (US30USD) Long-term Trends: BullishUS Wall Street 30 index is in an ascending channel. Since April 29, the upward move has been interrupted by the resistance at level 24600. The index will rise above level 25000 if the resistance is broken. […]
Key Resistance Levels: 0.64000, 0.65000, 0.66000Key Support Levels: 0.58000, 0.57000, 0.56000 NZD /USD Price Long-term Trend: BullishNZD /USD pair is in an ascending channel. The New Zealand Dollar has earlier fallen to level 0.56000 and resumed an upward move. The current uptrend is being interrupted at level 0.61500. Since April 14, the Kiwi has been […]
Resistance Level: 7500, 7600, 7700Support Level: 7300, 7200, 7100 FTSE 100 (UKX) Long-term Trend: BullishFTSE 100 is currently trading in ascending channel. The share is currently trading below the level 6000. The upward move has been interrupted since May 12. Each time the market tests the resistance level the price will fall above 5800. Buyers […]
GBPUSD Price Analysis – May 24 From the last trading session, the GBPUSD pair has dropped in a row for the 3rd day, ending at around 1.2161 level. The BOE also weighed the UK currency speaking about negative rates, and Brexit-related uncertainties, as the Kingdom refuses to prolong the transitional phase past December this year, […]
GBPJPY Price Analysis – May 24 The sterling stays selling against the Japanese yen on a bid tone, poised for a three-day negative note, unable to bounce from the ascending trendline, now at 130.86 level. And the pair kept the downside bias steady, with the pound softer against the safe haven-yen as the bleak UK […]
JPMorgan Chase & Co cautions the US that the possible disruption of digital currency may affect the economy. On Friday 22 May, analysts from the massive international investment firm, JPMorgan Chase, informed Bloomberg News that “there is no country with more to lose than the United States from the disruptive capacity of digital currency.” The […]
