Day: July 27, 2022

Jul 27
Remarks by Governor Gabriel Makhlouf at Consulate General of Ireland and IHK Frankfurt event

It is a pleasure to address you today. I would particularly like to thank our Consul General Anne-Marie Flynn for organising this event.1 German – Irish economic relationship Ireland and Germany have excellent relations, politically, culturally and economically. These relations have been documented as far back as the 7th century.   When reading about the relationship, […]

Jul 27
Transcript of Governor Gabriel Makhlouf’s interview with Niall Brady, The Sunday Times

Interview with Governor Makhlouf conducted 16 June 2022 Niall Brady: Okay, well listen thanks again for taking the time to talk to me.  You had a very busy week, from what I see yesterday was a busy day for you.  Gabriel Makhlouf: I’ve had a busy fortnight.  Niall Brady: Really?  Why a busy fortnight Gabriel […]

Jul 27
Central Bank Governor visits Tipperary to meet businesses and students

Governor of the Central Bank of Ireland Gabriel Makhlouf met with businesses and students from Tipperary yesterday during his day-long visit.  Governor Makhlouf met with local entrepreneurs, staff and Government agencies at Tipperary Technology Park, where conversations included the importance of local digital hubs and local economic development in a hybrid working world recovering from […]

Jul 27
Recurrent property taxes may help to reduce house price volatility

Central Bank Economic Letter finds that recurrent property taxes can, over time, help to mitigate downside risks to house prices. Such taxes may also provide a stable source of revenue for government, as they are less likely to be affected by the economic cycle. Revenue from recurrent property taxes, as a proportion of national income, […]

Jul 27
The FCA’s Consumer Duty will lead to a major shift in financial services

The Financial Conduct Authority (FCA) has confirmed its plans to bring in a new Consumer Duty, which will fundamentally improve how firms serve consumers. It will set higher and clearer standards of consumer protection across financial services and require firms to put their customers’ needs first. The Duty is made up of an overarching principle […]

Jul 27
KuCoin CEO Johnny Lyu launches ‘Anti-FUD Fund’

The exchange’s Anti-FUD Fund comes shortly after KuCoin CEO Johnny Lyu’s spat with a whistleblower who claimed the exchange was insolvent. 210 Total views 23 Total shares The CEO of crypto exchange KuCoin says it is launching an “Anti-FUD Fund” to track down and potentially take legal action against “FUDers” and educate crypto users on […]

Jul 27
S&P 500, Nasdaq end sharply lower as U.S. stocks fall ahead of Fed decision

U.S. stocks closed lower Tuesday as investors digested a profit warning from Walmart ahead of the Federal Reserve’s policy decision on interest rate hikes aimed at curbing high inflation. The Dow Jones Industrial Average DJIA, -0.71% fell around 0.7%, while the S&P 500 SPX, -1.15% slid 1.2% and the Nasdaq Composite COMP, -1.87% dropped 1.9%, […]

Jul 27
Mondelez Q2 beats views, company raises dividend by 10%, but dollar takes bigger toll in outlook

Mondelez International Inc. MDLZ, +0.29% late Tuesday reported adjusted second-quarter earnings above Wall Street expectations and increased its dividend by 10%, but said a stronger dollar could take a bigger chunk of its 2022 revenue growth. Mondelez said it earned $747 million, or 54 cents a share, in the quarter, compared with $1.08 billion, or […]

Jul 27
EU Gas Supply’s Theme Overshadows ECB in Driving EURUSD Short-Term Moves

Safety plays prevail in FX, equity and bond markets on Tuesday, as evidenced by lower prices for risk assets, a strengthening USD and increased demand for long-term bonds. Reports about Russia gas flows to the EU are becoming almost the only driver of short-term sentiment for the Euro and the British pound, overshadowing even the […]

Jul 27
Gold Futures ( GC1! ), H4 Potential For Bearish Continuation

Type: Bearish Momentum Key Levels:Resistance: 1738.4Pivot: 1721.1Support: 1679.3 Preferred Case:On the H4, with price moving within a descending channel and RSI moving in a descending trendline, we have a bearish bias that price will drop from pivot at 1721.1 where the pullback resistance is to 1st support at 1679.3 in line with 100% fibonacci projection […]