Welcome to another edition of Macro Mondays! So when we reach retirement, it’s nice that we can have a cushion of savings in a 401(k) or IRA of some kind. However, if the retirement account is not ‘Roth’ in nature, there are some major tax implications if one does not take out money on a…
CL in low-volatility mode reacts cool to the new breakout levels. Source: INVESTING.com
Following on from the popular “Top 10 PE10 Part 2” post, there were a few questions from readers about where various other countries sit in the rankings. So here is a follow-up post, the PE10 part 3! As requested, first up is a table showing the rankings for 45 countries on the PE10 valuation metric…
EUR/USD 4 hour The EUR/USD is building a sideways retracement and the triangle chart pattern is probably just a correction within the uptrend. A bullish breakout above the resistance trend line (dotted red) could indicate the uptrend continuation towards the Fibonacci targets of wave 5 (blue). 1 hour The EUR/USD could expand the correction via…
AUD/USD’s upside movement from 0.7501 extended to as high as 0.8038. Further rise is still possible and next target would be at 0.8124 resistance. Near-term support is at 0.7936, followed by the bullish trend line on its 4-hour chart. Only a clear break below the trend line support will indicate that the upside movement had completed…
This is one reason why I anticipate “unexpected” disruptions in the global economy in 2018. The mere mention of “central banks” will likely turn off many readers who understandably have little interest in convoluted policies and arcane mumbo-jumbo, but bear with me for a few paragraphs while I make the case for something to happen in…
While Gold is very close to a major breakout (in price) its strength has not filtered down to Silver yet. Gold is 3% away from a major breakout and comfortably above its long-term moving averages. However, Silver is well below its 2016 high and is currently battling its 200-day moving average. But that is okay….
After opening the day marginally higher, share markets in India continued the momentum and are presently trading in green. Sectoral indices are trading on a mixed note, with stocks in the IT sector and stocks in the energy sector witnessing maximum buying interest. While stocks in the metals sector are leading the losses. The BSE Sensex is trading up by 180 points (up 0.5%) and…
General Electric (GE) was pummeled after reporting disappointing Q3 2017 earnings. New CEO John Flannery promised to right the ship, yet problems continue to materialize. The latest issue – a potential pension shortfall of over $30 billion – could be the final straw: Not only does GE have the largest pension deficit among S&P 500…
Gold prices settled at $1331.57 an ounce on Friday, suffering a loss of 0.38% on the week, as a bounce in the U.S. dollar index put pressure on the market. World stock markets were mostly firmer last week, including U.S. stock indexes hitting fresh record highs. Absence of risk aversion is usually a negative element…
