Month: December 2024

Everything that just happened in South Korea is utter nonsense with zero impact on financial markets. It’s the usual noise for this country. If you knew its history, you’d understand: nearly every president has been killed, jailed, or executed – except the last two (for now).

Syngman Rhee (1948–1960) – Overthrown during mass protests, exiled to Hawaii. Yun Bo-seon (1960–1962) – Resigned after Park Chung-hee’s coup. Park Chung-hee (1962–1979) – Assassinated by his intelligence chief. Choi Kyu-hah (1979–1980) – Removed by a military coup. Chun Doo-hwan (1981–1988) – Sentenced to death post-presidency, later pardoned. Roh Tae-woo (1988–1993) – Sentenced to 22 years for corruption, also pardoned later. Kim Young-sam (1993–1998) – Placed under house arrest during Park’s regime; as president, prosecuted two predecessors. Kim Dae-jung (1998–2003) – Imprisoned under Park, sentenced to death under Chun, later pardoned; Nobel Peace Prize laureate. Roh Moo-hyun (2003–2008) – Impeached (overturned by court), investigated for corruption post-presidency, committed suicide. Lee Myung-bak (2008–2013) – Jailed for corruption post-presidency, sentenced to 15 years. Park Geun-hye (2013–2016) – Impeached, imprisoned for corruption, sentenced to 24 years. Moon Jae-in (2017–2022) – So far, no legal issues post-presidency. Yoon Suk-yeol (2022–present) – Impeachment rumored, no actions yet. submitted by /u/XGramatik [link] [comments]

Gold Price Forecast: XAU/USD approaches weekly low at 2,621

Tepid United States employment-related data hit the US Dollar ahead of the NFP release. Wall Street is under pressure but not far below record highs. XAU/USD trades with a soft tone in the $2,630 region, could well reach fresh weekly lows. submitted by /u/Denchock [link] [comments]

Russia uses a hybrid approach to regulating artificial intelligence – through government regulation and individual legal norms, said Sberbank First Deputy Chairman of the Management Board Alexander Vedyakhin in an interview with Arabian Business👇🏼

According to him, Sberbank has already implemented approximately 2,000 AI models and services, and the bank’s IT investments are forecast to grow by 1.5 times from 2024 to 2026. The company intends to develop cooperation with Arab countries in the field of artificial intelligence, especially in fintech, blockchain and the concept of “smart cities”. submitted by /u/Denchock [link] [comments]

The Euphoriameter, an indicator measuring investor sentiment, hit a record 1.1 points, according to Topdown Charts.

TKL: This metric uses S&P 500 forward P/E, the Volatility Index, $VIX, and the bullish sentiment from investor surveys. The indicator has now exceeded the previous record posted during the 2000 Dot-Com Bubble. Market sentiment has gone from depressed levels to euphoria in just 2 years. During this time, the S&P 500 has risen by 50% and reached 56 all-time highs. Bullish sentiment is unbelievably strong. submitted by /u/XGramatik [link] [comments]

EUR/USD jumps higher as US Jobless Claims advance, focus shifts to NFP

EUR/USD climbs above 1.0550 after weekly US Initial Jobless Claims came in higher-than-projected. The ECB is expected to cut its Deposit Facility Rate by 25 bps to 3% next week. The fallout of the French government would keep the Euro on tenterhooks. submitted by /u/Denchock [link] [comments]

📊🤔BTC/USD can bring 250000 points on a minor correction after reaching a critical resistance area to cover the imbalance. CCI and %R came out of the overbought zone.

💰 BTCUSD can bring 250000 points on a minor correction after reaching a critical resistance area to cover the imbalance. CCI and %R came out of the overbought zone. 👀 On the weekly chart, the price reached 161.8 Fibonacci, which is an extreme level. submitted by /u/Yuriy_UK [link] [comments]

Crude Oil flattens as OPEC+ decision on production normalization looms

Oil prices are broadly flat on the day, retreating further away from $70, as traders brace for OPEC+ decision on supply cuts. OPEC+ needs to overdeliver on market expectations in order to prevent Oil prices from dropping further. The US Dollar Index remains stuck in a tight range ahead of Friday’s US Nonfarm payrolls release. submitted by /u/Denchock [link] [comments]

📊🤓🧐GBP/USD could surge 1300 points after forming an ascending triangle. The price is currently tests the 1.2730 resistance, while the 50-MA crosses the 100-MA and the Momentum breaks above the 100-line up..

📊🤓🧐GBP/USD could surge 1300 points after forming an ascending triangle. The price is currently tests the 1.2730 resistance, while the 50-MA crosses the 100-MA and the Momentum breaks above the 100-line up.. The Pound rises against its major peers amid firm expectations that the Bank of England (BoE) will take a gradual approach when cutting key rates compared to other central banks. submitted by /u/Yuriy_UK [link] [comments]

BRICS Pay Turns Out to Be a Massive Hoax or Even Fraud by Certain Cryptocurrency Projects. Fraudsters “Sold” a Fake to Numerous Media Outlets for Their Own Benefit, Causing Further Reputational Damage to BRICS as a Whole and Russia in Particular

The supposed BRICS Pay cross-border payment system, widely reported in October 2024, has turned out to be either a massive deception or a deliberate scam orchestrated by certain cryptocurrency projects. Fraudsters manipulated numerous media outlets, propagating fake information to serve their own interests, causing reputational damage to BRICS as a whole and to Russia in particular. At the BRICS Business Forum in Moscow, preceding the Kazan summit, news surfaced about the launch of BRICS Pay, allegedly endorsed by the bloc’s member countries. Reports claimed a pilot project had begun in China, and the “official” BRICS Pay website stated that central bank officials from BRICS nations had confirmed its rollout, with pilot phases completed in 28 Chinese regions. However, an investigation by China’s respected Caixin Global revealed these claims to be baseless. Chinese government representatives stated they had no knowledge of BRICS Pay, and no such pilot projects existed. This strongly indicates the story was fabricated, likely to promote specific cryptocurrency ventures. While the Kazan Declaration referenced an “initiative for cross-border payments,” there was no mention of BRICS Pay specifically, nor has there been since. Instead, BRICS finance ministers and central bank heads were tasked with exploring cooperation on national currencies, payment instruments, and platforms, with a report due at the next meeting. This incident underscores the need for greater scrutiny of unverified claims in global finance. submitted by /u/XGramatik [link] [comments]

Elon Musk hinted at a possible purchase of Hasbro👇🏼

The owner of the Dungeons & Dragons franchise, in response to a question on social media X. Although there has been no official confirmation, the move could be part of his wider ambitions in the technology and entertainment sectors. Details have not yet been disclosed, but rumors are actively discussed in the media and fan communities your opinion? submitted by /u/Denchock [link] [comments]