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Great Graphic: Potential Topping Pattern for Euro

EUR/BGN Currency Oct 2017 - Apr 2018
Author: Marc Chandler
Categories: FX Trends

The euro appears to be potentially carving out a topping pattern. Recall that after correcting lower last September and October, the euro rallied for three months through January before weakening 1.75% in February. That was its biggest decline since February 2017. The euro's high print was actually on February 16 near $1.2555, when it posted a key reversal, which is when it makes a new high for the move and then closes below the previous day's low.

Gold Protects As Cashless Society Threatens Vulnerable

Disappearing Cash in Sweden, 1995 - 2018
Author: Jan Skoyles
Categories: GoldCore

Gold Protects As Cashless Society Threatens Vulnerable. Swedish authorities concerned cashless society is happening ‘too quickly’ and heading into ‘negative spiral’. Only 25% of Swedes paid in cash at least once a week in 2017, 36% never use cash. Cash usage in Sweden falling both as share of GDP and in nominal terms. Sweden may be world’s first economy to introduce a cryptocurrency, the e-krona. Cashless is not a disincentive for illegal drug trade, Guardian finds. Gold in safe jurisdictions will protect against raids on cash and wealth.

Switzerland – a definition of middle class

Iakov Filimonov
Author: Le News
Categories: Personal Finance, Swiss Markets and News

A recent survey calculates 60.1% of Switzerland’s population was middle class in 2015, a figure that has remained broadly stable since 1998, reaching its highest in 2009 (61.3%) and lowest in 2013 (56.8%). But what is middle class in Switzerland? According to Switzerland’s Federal Statistical Office, it is anyone living in a household with a gross income between 70% and 150% of the gross median income.

Raiffeisen chair resigns over scandal-tainted former CEO

Raiffeisen chair resigns over scandal-tainted former CEO
Author: Swissinfo
Categories: Swiss Markets and News

Johannes Rüegg-Stürm, the chairman of the board of directors of Switzerland’s third-largest bank has resigned from his position with immediate effect. The bank hopes turn a new page following the arrest and criminal proceedings against former CEO Pierin Vincenz. A statementexternal link released by the bank on Thursday, said the move was intended to “preserve the long-term credibility of the bank”.

Bi-Weekly Economic Review: The New Normal Continues

Bi-Weekly Economic Review: The New Normal Continues
Author: Joseph Y. Calhoun
Categories: The United States

There has been a lot of talk about the economic impact of the recent tax reform. All of it, including the analyses that include lots of fancy math, amounts to nothing more than speculation, usually informed by little more than the political bias of the analyst. I am guilty of that too to some degree but I don’t let my personal political views dictate how I view the economy for purposes of investing.