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.
A cryptocurrency fitness app in China is being investigated by the authorities for supposedly practicing illicit fundraising and fraud according to reports. The event was published on the 18th of December by Nikkei Asian Review referring to records accessed by its affiliate publication, KzASIA. Fraudulent Activities by Qubu The fitness app, known as Qubu, is […]
Among its G10 peers, the US dollar performed beyond expectations racing past others to be at the forefront. As the fears about a hard Brexit resurfaces, following Boris Johnson’s move to prevent further Brexit extension beyond next year and also a revised WAB to be voted on by British MPs this week, the Pound took […]
GBPJPY Price Analysis – December 18 Since the trading session on Tuesday, the currency pair has fallen by almost 303 basis points against the Japanese yen. As for the near future, the GBPJPY exchange rate may recover on a cluster formed by the daily trend line at 143.07. If the cluster holds, a reversal is […]
Key Resistance Levels: $0.30, $0.40, $0.45 Key Support Levels: $0.25, $0.20, $0.15 XRP/USD Long-term Trend: Bearish Ripple has depreciated further and it is now trading at $0.18 at the time of writing. The price was previous fluctuating between the levels of $20 and $0.23. It was assumed in the previous analysis that if the bears […]
As more nations across the globe jump on the Central Bank Digital Currency bandwagon, the world is inching closer to witnessing a globally recognized CBDC. However, the United States is in the limelight in the race to develop the first global digital currency as the sovereignty of the US dollar is mostly at stake. This […]
USDCHF Price Analysis – December 17 The USDCHF is adrift of its attractiveness in the past few hours and erases its daily gains to fall under pressure from the bitter market sentiment and wider greenback frailty. At the time of writing, the pair fell 0.03% on the day and at the level at 0.9811. Key […]
In the past week, after Boris Johnson was declared the winner of the December 12 UK elections, Sterling had a wild run in the hope of an easier Brexit pass. The same may not hold for Pound as during the week, with its market activity, analysts had foreseen it may not trend higher. In the […]
Key Resistance Levels: $70, $80, $90 Key Support Levels: $50, $30, $10 LTC/USD Price Long-term Trend: Bearish In the last sideways trend, Litecoin was fluctuating between the levels of $42 and $50.On December 16, the bears broke the $42 support level and resumed a downtrend. The previous sideways trend has been terminated as Litecoin falls […]
The Chief Executive Officer of MicroBT, Yang Zuoxing has been apprehended in connection with embezzlement. The apprehension was disclosed by the Shenzhen Nanshan District Prosecutor on the 12th of December and was broadcasted by the popular Chinese media house, Caixin on the 15th of December. This event is coming at a time when MicroBT is […]
