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BTC Report: Bitcoin Nears $99k, Trump Announces AI And Crypto Czar

BTC Report: Bitcoin Nears $99k, Trump Announces AI And Crypto Czar

Image Source: Pexels  Bitcoin (BITCOMP) has been on a rollercoaster ride, with its price currently hovering around $98,839.69 after a recent surge. This comes amid a flurry of crypto market activity driven by the U.S. economy’s job growth and significant movements within the cryptocurrency landscape.Notably, the market is reacting to the U.S. Federal Reserve’s upcoming interest […]
Czech Republic abolishes capital gains tax on Bitcoin held over three years

Czech Republic abolishes capital gains tax on Bitcoin held over three years

Key Takeaways The Czech Republic has exempted Bitcoin held for more than three years from capital gains tax starting 2025. The legislation requires the assets not to be part of business assets to qualify for the tax exemption. Share this article The Czech Parliament has voted in favor of a proposed amendment that exempts capital […]
USD/CAD Surges To Near 1.4100 After US-Canada Employment Data

USD/CAD Surges To Near 1.4100 After US-Canada Employment Data

The USD/CAD pair advances to near the round-level resistance of 1.4100 after the release of the labor market data for November from both economies: the United States (US) and Canada.The US Nonfarm Payrolls (NFP) report showed that 227K fresh workers were added to the labor force, higher than estimates of 200K. The Unemployment Rate accelerated […]
November Jobs Surge Above Estimates As Wage Growth Comes In Hot, Unemployment Rises

November Jobs Surge Above Estimates As Wage Growth Comes In Hot, Unemployment Rises

After the October hurricane-driven debacle which sent last month’s payrolls print to the lowest in years, at just 12K, traders were expecting a solid bounce today, with many whispering a print that would come above the consensus estimate of 220K… and they were right: moments ago the BLS reported that in November, payrolls growth surged to […]
Elliott Wave Analysis: BAC Found Support From Blue Box

Elliott Wave Analysis: BAC Found Support From Blue Box

Hello traders. Welcome to another blog post where we share how members of Elliottwave-Forecast trade using the Elliott wave theory. In this post, the spotlight will be on the Bank of America Corporation BAC, which has the ticker $BAC.BAC is one of the stocks still recovering from the 2008 global financial crisis. After plunging to nearly $2.50, […]
2025 Gold Price Predictions: Off To The Races

2025 Gold Price Predictions: Off To The Races

Image Source: Pixabay  As December begins, financial institutions and market analysts are unveiling their 2025 forecasts, with gold attracting significant attention. Predictions are shaped by a variety of factors, with the new US administration naturally playing a prominent role. However, it is crucial to remember that this is just one piece of the puzzle influencing the […]
The Energy Report: The OPEC Zone

The Energy Report: The OPEC Zone

Image Source: Unsplash  Imagine if you will, a trading range, not so much based on fundamentals but your mind and imagination. A market twisted between expectations of demand that may fall in the future versus the tight supplies that could be right around the corner. A market that seems immune to geopolitical risks but continues to […]
GBP/USD Forecast: Pressure Upside Break Out

GBP/USD Forecast: Pressure Upside Break Out

It does look like we are seeing a little bit of pushback as we have broken above 1.2750 only to drop back down towards it again. So, it’ll be interesting to see how this plays out. I do think we are at a major inflection point right now. So, I am watching this pair with […]
Softish US Jobs Report Favours A December Rate Cut

Softish US Jobs Report Favours A December Rate Cut

US non-farm payrolls rose broadly in line with expectations after recent strike and hurricane distrortions, but unemployment picked up by more than expected. With valid questions over the quality of the jobs the US is currently creating, we continue to expect the Fed to cut the policy rate 25bp on 18 December. 227,000 Number of […]
EUR/GBP Edges Lower As Sterling Performs Strongly Across The Board

EUR/GBP Edges Lower As Sterling Performs Strongly Across The Board

 Image Source: Pixabay   EUR/GBP ticks lower as Sterling gains on expectations that the BoE will leave interest rates unchanged in the policy meeting on December 19. EC officials see the impact of French political turmoil to be limited on the Eurozone. The ECB is expected to cut its Deposit Facility Rate by 25 bps to 3%. The […]