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Workers who receive a 401(k) matching contribution from their employer may be surprised to learn that there’s often a tenure requirement attached to the money.
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USD/CAD extends losing streak as Canada’s Q3 GDP rebound boosts the Loonie
The Canadian Dollar (CAD) strengthens against the US Dollar (USD) on Friday as traders respond to Canada’s Q3 Gross Domestic Product (GDP) rebound. -
USDCHF Technicals: The USDCHF has seen up and down trading today.
The USDCHF is experiencing choppy two-way price action today as buyers and sellers fight for control. On the topside, the rally stalled inside a key swing zone between 0.8066 and 0.8076. The high reached 0.8071 before rotating lower, reinforcing the importance of that resistance area. A break above it is required to shift momentum and give buyers greater control. Until that happens, sellers remain very much “in play.”
On the downside, focus is on the 100-bar MA on the 4-hour chart and the 61.8% retracement of the October downswing, both clustering near 0.8027. That zone needs to be broken—and held below— for sellers to strengthen their grip and push the bias more decisively lower.
The video above outlines the technical battle lines as the tug-of-war continues.
This article was written by Greg Michalowski at investinglive.com.
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Coffee hasn’t been this expensive in decades—see how much prices have risen since 1985 in one chart
Grocery-store coffee prices rose 41% in a year, a surge the U.S. hasn’t seen in decades. -
AUD/USD holds steady as Australian inflation persists, US Dollar weakens
AUD/USD trades around 0.6535 on Friday at the time of writing, virtually unchanged on the day. -
Switzerland has long welcomed the ultra wealthy. A referendum on a new tax has riled them up
Switzerland looks set to reject a proposal for a 50% tax on inheritances and gifts of more than 50 million Swiss Francs. -
Copper surges above $11,000 per ton amid supply concerns – Commerzbank
The Copper price has risen above the $11,000 per ton mark again this week. The increase was fueled by various statements made during a Copper industry conference in Shanghai, Commerzbank’s FX analyst Volkmar Baur notes. -
Platinum hits $1,650, highest in over a month – Commerzbank
Platinum climbed to $1,650 this week as China launched physically settled futures and options, increasing transparency and attracting industrial, jewelry, and investor participation, Commerzbank’s commodity analyst Carsten Fritsch notes. -
Silver surges above $54, outpacing Gold – Commerzbank
The Silver price rose from $50 to more than $54 per troy ounce since the beginning of the week. The rise in the price of Silver thus eclipsed that of Gold. The Gold/Silver ratio subsequently fell to an annual low of just over 77, Commerzbank’s commodity analyst Carsten Fritsch notes. -
China’s Gold imports plunge to seven-month low – Commerzbank
China’s appetite for Gold is slowing as imports fall to seven-month lows, while exports to Hong Kong surge, pushing net imports 45% below last year’s level, Commerzbank’s commodity analyst Carsten Fritsch notes.
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