Month: December 2024

Crude Oil in orbit around $70.00, looking for a weekly close above it

Oil prices are in search to end the week on a high note by attempting to close above $70.00. Traders are torn in their choice between a possible short term upside against a long term bearish turnout. The US Dollar Index trades below 107.00 and fails to hold onto gains. submitted by /u/Denchock [link] [comments]

Published
Categorized as Reddit Post

They’re coming for you… First Precedent: A Texas resident sentenced to two years in prison for evading cryptocurrency taxes.

Texas resident Frank Richard Olgren III was sentenced to two years in prison and ordered to pay restitution for underreporting profits from Bitcoin sales. This marks the first criminal case of tax evasion entirely tied to cryptocurrency, according to a press release from the U.S. Department of Justice. The DOJ noted that Olgren was one of Bitcoin’s early investors, purchasing coins as far back as 2011. According to the department, starting in 2017, he began reporting false information to the IRS about the purchase price of his bitcoins, inflating the figures. That same year, Olgren bought a house partly funded by proceeds from Bitcoin sales. Prosecutors stated that in 2018 and 2019, he concealed income from cryptocurrency sales by using multiple wallets and converting bitcoins into cash. The report also mentions that several years earlier (in 2014), he wrote in a blog about crypto mixers he used to obscure details about his holdings. In addition to a two-year prison sentence, Olgren must pay the United States approximately $1.1 million in restitution. submitted by /u/XGramatik [link] [comments]

Published
Categorized as Reddit Post

📊🤓🤔USD/CHF faces a crucial resistance area at the 0.8940 level. The RSI shows an overbought conditions, while the price faces the upper Bollinger Band, that gives us a Counter-Trend Impulse Strategy setup!🧐

USDCHF faces a crucial resistance area at the 0.8940 level. The RSI shows an overbought conditions, while the price faces the upper Bollinger Band, that gives us a Counter-Trend Impulse Strategy setup! ⚡️ Also, the UsDollar is in the decline while the 9-MA crosses the 14-MA, which gives additional strength for the Swiss Frank. submitted by /u/Yuriy_UK [link] [comments]

Published
Categorized as Reddit Post

Gold dips amid rising US yields ahead of next week’s FOMC meeting

Gold declines but holds to weekly gains as mixed US economic data keeps rate cut expectations alive. Market braces for the Federal Reserve’s decision on December 18, with a 93% likelihood of a 25 bps cut anticipated. Upcoming US economic data and Fed Chair Powell’s commentary will be critical for future market direction. submitted by /u/Denchock [link] [comments]

Published
Categorized as Reddit Post

📊🤓💡Well, #MICROSOFT and #GOOGLE have reached their goals!!! Boeing will invest $1 billion in South Carolina to boost 787 production to 10 jets monthly by 2026 and create 500 jobs. Ready?📈

Well, #MICROSOFT and #GOOGLE have reached their goals!!! Boeing will invest $1 billion in South Carolina to boost 787 production to 10 jets monthly by 2026 and create 500 jobs. Ready?📈 BA has broken the falling wedge trendline, and the MACD points to an upside opportunity. submitted by /u/Yuriy_UK [link] [comments]

Published
Categorized as Reddit Post

EUR/USD rises after France welcomes Francois Bayrou as Prime Minister

EUR/USD rises to near 1.0500 as the US Dollar surrenders its intraday gains. French Macron appoints Francois Bayrou as Prime Minister, putting an end to political instability. The ECB reduced its key borrowing rates by 25 basis points on Thursday, but a few officials also discussed the possibility of a 50-bps cut. submitted by /u/Denchock [link] [comments]

Published
Categorized as Reddit Post

wtf.: The US budget deficit spiked by a massive $367 billion in November 2024.

This was $14 billion above the median expectation of $353 billion. For the first 2 months of the Fiscal Year 2025, the total deficit now stands at $624 BILLION, the highest on record. This is up a staggering 64% from the $380 billion seen last year and above 2020 pandemic levels. To put this into perspective, the budget gap was 3 TIMES lower on average during the 2013-2017 period. submitted by /u/XGramatik [link] [comments]

Published
Categorized as Reddit Post

KlaymanToskes continues investigation of Investor losses following CMCT’s 94% stock price decline.

National investment loss and securities law firm KlaymanToskes continues its investigation of representations made by financial advisors who recommended investments in Creative Media & Community Trust Corporation (NASDAQ:CMCT), and is preparing to file FINRA arbitration claims seeking to recover significant damages on behalf of an investor who suffered significant losses in CMCT. Investors who suffered losses of $100,000 or more as a result of a recommendation by their broker/investment advisor should contact the law firm immediately. Investors with self-directed accounts who did not rely on the advice of a financial advisor are not eligible for our representation. CMCT’s stock price has recently plummeted to $0.21 per share, representing an overall decline of 94.9% within the past year. Following the redemption of CMCT’s preferred stock during the second quarter of 2024, approximately 25% of the outstanding preferred shares were converted into common stock. Many investors, facing limited liquidity options, either chose or were compelled to receive their redemption in common stock. This increase in available shares contributed to significant downward market pressure, resulting in devastating losses for investors. KlaymanToskes’ continues its investigation of brokerage firms and financial advisors who may have failed to adequately disclose the liquidity risks and potential impacts of the preferred stock redemption to investors. Many investors were left holding significantly devalued positions in CMCT common stock, which were below their original investment values. Source: https://www.accesswire.com/953320/important-notice-kt-law-firm-represents-cmct-investor-in-finra-arbitration-claim-for-unsuitable-recommendations submitted by /u/FXgram_ [link] [comments]

Published
Categorized as Reddit Post

Germany: economic growth looks bleak for 2025. The Bundesbank has sharply reduced its forecasts compared to its June outlook. It now predicts GDP will shrink by 0.2% in 2024, a significant downgrade from the previously expected 0.3% growth.

For 2025, the economy is projected to grow by only 0.2%, far below the earlier forecast of 1.1%. Worse, this slim growth could turn negative if potential US trade tariffs are enacted. submitted by /u/XGramatik [link] [comments]

Published
Categorized as Reddit Post

📊🧐💡Today, we noticed that XAUUSD has formed a head and shoulders pattern. The price fell to the neckline, and the possibility of a fall is confirmed by the Alligator, making a fall to 61.8 Fibonacci possible! Gold😎

Today, we noticed that XAUUSD has formed a head and shoulders pattern. The price fell to the neckline, and the possibility of a fall is confirmed by the Alligator, making a fall to 61.8 Fibonacci possible! Gold submitted by /u/Yuriy_UK [link] [comments]

Published
Categorized as Reddit Post

So true…

submitted by /u/FXgram_ [link] [comments]

Published
Categorized as Reddit Post

It’s not what you earn, it’s what you save – Jim Carrey said he came out of retirement because he ‘needs money.’

Speaking to the Associated Press at the London premiere of “Sonic the Hedgehog 3” on Tuesday, Carrey said, “I came back to this universe because, first of all, I get to play a genius, which is a bit of a stretch. And I just, I bought a lot of stuff, and I need the money, frankly.” https://preview.redd.it/gid6atv6gk6e1.png?width=611&format=png&auto=webp&s=58bda9c85cdce7fb7731003b47822babbdd88178 In February 2023, Carrey also put a Los Angeles home he’s owned for 30 years up for sale. The mansion was originally listed at $29 million, but after nearly two years on the market, the price has now been cut to $19.75 million. Al Pacino, Hugh Grant, Nicolas Cage, and Harrison Ford have also said they’ve taken roles for money. submitted by /u/FXgram_ [link] [comments]

Published
Categorized as Reddit Post