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.
The final versions of the Markit PMIs were mixed. Data for Germany, Spain, and the United States have been revised downward from preliminary estimates. The final US index for August was 53.1, below the preliminary estimate of 53.6, although the official ISM manufacturing PMI for the same month surprised at 56 points, better than the […]
Investors have been trooping into Bitcoin (BTC) and other cryptocurrencies since August 37, with the overall market capitalization rising from $348 billion to its current peak at $400 billion. This inflow of capital has assisted Bitcoin to grow by over $800 from its August low of $11,115 set four days ago as it approaches the […]
Key Resistance Zones: 24000, 25000, 26000Key Support Zones: 22000, 21000, 20000 Italy 40 (ITA40) Long-term Trend: RangingThe index is in a sideways move. The market is fluctuating between levels 19000 and 21000. Each time the price tests the resistance zone; the index will fall and resume the sideways move. The index is trading in the […]
Key Resistance Levels: 0.6600, 0.6800, 0.7000Key Support Levels: 0.6200, 0.6000, 0.5800 NZD/USD Price Long-term Trend: BullishNZD/USD pair is in an uptrend as price breaks level 0.6700. The market is expected to reach a high of 0.6800 and reverse. Presently, the market is testing a historical price level at level 0.6766. Thereafter a downward move is […]
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 on a downward move. The price has earlier tested the 0.9150 resistance twice before resuming a downward move. The pair has formed a bearish double top which is responsible for the downward move. The selling pressure […]
USDCHF Price Analysis – September 1 The USDCHF pair tested 0.9000 level for the second consecutive day on Tuesday and step a pivotal rebound after support discovery. As of writing, the pair was up 0.42 percent daily at 0.9075 level. Given the broad-based vulnerability in the USD, the risk-on market environment does not permit the […]
S&P 500 Price Analysis – September 1 The S&P 500 showed a very good breakout beyond the peak and all-time high previously. The uptrend is ready for continuation simultaneously. From the low of March 23, the S&P 500 has continued to rise a whopping 55 percent – the biggest pullback in the record. With no […]
The US stock markets traded on a mixed sentiment yesterday as the Nasdaq 100 (NDX) continued to scale higher hurdles while the Dow Industrials (DJIA) dragged behind. Many sectors in the S&P 500 index (SPX) traded lower, with the energy sector leading in losses while healthcare rose with the trend. However, the SPX has rounded […]
Key HighlightsLitecoin recovers and breaks above $60 highLitecoin has a target price of $85 when the resistances are cleared Litecoin (LTC) Current StatisticsThe current price: $62.07Market Capitalization: $4,056,414,692Trading Volume: $2,551,618,695Major supply zones: $70, $80, $90Major demand zones: $50, $30, $10 Litecoin (LTC) Price Analysis September 1, 2020Litecoin has recovered from its previous low of $54. […]
