Category Archive: Finance
Your 401k And IRA In 2018
Recently, the IRS just announced the contribution limits for 401k plans (including 403b and 457 plans) as well as IRAs. Additionally, the IRS also announced changes to the income phase-outs for traditional IRA and Roth IRAs. Let’s start with the 401k plans. For 2018, the IRS increased the contribution limits to $18,500, up $500 from […]
Weekly Trading Forecast: Central Bank News Promises Fireworks
Central banks will command financial markets’ attention in the week ahead, with speeches from top officials including Fed Chair Yellen and a wealth of policy-defining data due. British Pound Forecast: Supported For Now But Politics Hold Sway The British Pound continues to be held ransom by the ongoing Brexit talks although next month’s central bank policy […]
Gold Succumbs Sober To Another October
We begin straightaway with a set of our hidden microphones still placed after all these years inside the Salzburg clinical offices of Dr. Youara Nichtsogut, noted analyst in the psychosis of precious metals… Dr. Nichtsogut: “Well, Liebling, according to your chart, you’ve not graced us with your presence here at zee clinic since 19 March 2011. […]
China And Ratings Agencies’ Double Standards
Why is China being penalized for its debt problem, but advanced economies aren’t? Today, rising debt is one of China’s key challenges. Recently, it led to the mainland’s rating cut by ratings agencies. Yet, many advanced economies have higher credit ratings than China, though their leverage ratios are worse. In May 2017, Moody’s Investor Service […]
EUR/USD Weekly Analysis – Sunday, October 22
EUR/USD failed in its attempt to break below 1.1662 key support, indicating that the pair remains in the uptrend from 1.0340. As long as the price is above 1.1662 level, the price action in the trading range between 1.1662 and 1.2092 could be treated as consolidation of the uptrend and another rise towards 1.2700 is […]
Weekly Economic & Political Timeline – Sunday, October 22
This week will see a somewhat heavier news agenda than last week, with the key economic data input coming from the U.S.A., Europe, and Canada. There is Central Bank input due from the European Central Bank and the Bank of Canada only. The market will probably be most active on Wednesday and Friday. U.S. Dollar […]
DAX Outlook As ECB Looms, S&P 500 Levitating While FTSE Seeks Resolution
S&P 500 There a few ‘high’ impact data points coming up next week, but may have minimal impact on stocks, with the US dollar making the biggest moves on the releases. On Wednesday, US Durable Goods Orders is due out, Thursday brings Advance Goods Trade Balance, and likely to have the most impact is Q3 […]
Stocks To Trade: DIS MA WB
Friday’s stock picks Take a look at three trading ideas to prep you for the next trading session. Long Walt Disney (DIS) Long Mastercard (MA) Short Weibo (WB)
Unprecedented Housing Bailout Revealed, As China Property Sales Drop For First Time In 30 Months
Back in March, we explained why the “fate of the world economy is in the hands of China’s housing bubble.” The answer was simple: for the Chinese population, and growing middle class, to keep spending vibrant and borrowing elevated, it had to feel comfortable and confident that its wealth will keep rising. However, unlike the […]
Weekly Forex Forecast – Sunday, October 22
USD/CAD The US dollar rallied significantly during the week, breaking above the resistance from a couple of weeks ago. Now that we are clear the 1.26 level, I think that the market will try to rally from here, perhaps towards the 1.28 level above. I see support at the 1.24 level, so if we can […]
