Author Archive: Jeremy Parkinson
Sensex Today Ends 57 Points Lower; Nifty Below 24,700
After opening the day flat, Indian benchmark turned negative as the session progressed and ended the day lower.The Benchmark equity indices gave up their 5-day winning streak to settle in red after the Governor Shaktikanta Das-led Monetary Policy Committee of the Reserve Bank of India (RBI MPC) announced to keep the repo rate unchanged at […]
Employment Drops By 355,000 But Jobs Rise By 227,000 In November
The strange jobs reports continue as the divergence between jobs and employment widens again. Data from the BLS, chart by MishPlease consider the BLS Employment Report for November.Jobs vs EmploymentFrom September 2020 through early 2022, nonfarm payroll job gains and full time employment changes tracked together.Starting around March of 2022, a divergence between employment and jobs became […]
Unenjoyment Report
The jobs data just came out, and it seems like mildly bad news: the unemployment rate inched up to 4.2% (expected: 4.1%) and the hourly wages went up more than expected as well (suggesting inflation). In spite of this, equity futures got a quick bump, although as of this composition the /ES and /NQ are only up about one-tenth […]
AUD/USD Outlook: RBA Rate Cut Outlook Briefly Boosts Aussie
The AUD/USD outlook shows brief bullish momentum for the Aussie after most economists forecast the first RBA rate cut in Q2 of next year. Meanwhile, there was uncertainty about the greenback as market participants geared up for the US nonfarm payrolls report. A Reuters poll on Friday revealed that most economists expect the RBA to keep […]
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
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
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
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
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
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 […]
