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 government of South Korea has announced its intentions to begin taxing capital gains on cryptocurrency transactions. Following a report by The Korea Times on the 9th of December, it was disclosed that the new bill to implement the development will be composed and executed by the Ministry of Economy and finance by 2020. Also, […]
This seems to be the season for the safe-havens given the expected events this week which will shape the currency market for the year 2020. First, The December 15th deadline set by the United States for the signing of a preliminary trade pact in which US president had threatened more tariffs in case of a […]
GBPUSD Price Analysis – December 8 The British Pound erupted during the previous trading week, and broke above the 1.30 level, with buyers controlling its momentum. This, of course, aided a little more certainty with the upcoming UK elections. GBPUSD hit 1.3099 level then rebounded to end the session drifting about 1.3135 level. Key Levels […]
An Asia-based research hub, Forkast Insight, has released an in-depth review of how blockchain-related technology is gaining integration in China. The research hub published its first survey findings on the 5th of December, which comprised insights on how the Chinese authorities and corporations were adopting blockchain. The survey showed that blockchain-related technology was quickly becoming […]
This incoming week is very crucial in the economic calendar. First is the upcoming UK election scheduled to hold on Thursday, December 12, 2019. Secondly, the December 15 deadline set by the US for the signing of a preliminary trade pact in which President Trump had threatened more tariff hikes on Chinese goods in case […]
Key Resistance levels: $225, $250, $275 Key Support Levels: $150, $125,$100 ETH/USD Long-term Trend: Ranging A few days ago, the bulls were making frantic efforts to push Ethereum back to the range-bound zone. The market reached a high of $157 and tumbles again. Consequent upon that the coin is fluctuating below the range-bound zone. In […]
The leaders of the European Union have come to an agreement that no Stablecoin program will be granted permission to operate on European territory until the inherent threats Stablecoins pose to monetary sovereignty has been dealt with. This was announced in a joint statement by the EU Council and the European Commission. Although the bodies […]
EURJPY Price Analysis – December 6 The mood of selling around the single currency coupled with renewed demand for the JPY is pulling the EURJPY to daily lows past the level at 120.40. Sellers have now regained control over the sentiment surrounding the single currency, all against the backdrop of a moderate recovery in the […]
Due out today from the United States is nonfarm payrolls report for November. A poll conducted by Dow Jones forecasted an increase of 187,000 jobs while the prediction for the unemployment rate is that it may hold steady at 3.6% previously recorded which is close to a 50 year low. Economists also forecast a 0.3% […]
