Latest Market News
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, […]
Natural-gas futures climbed by more than 5% on Monday, supported by hotter-than-usual weather throughout much of the U.S., which has boosted demand for the commodity as a power source, analysts said. The rise in U.S. prices also follows a rally in European prices for the commodity, with Dutch TTF gas futures up nearly 12% Monday. […]
Type: Bullish Rise Key Levels:Resistance: 0.77970Pivot: 0.77300Support: 0.76465 Preferred Case:On the H4, with prices moving within an ascending channel and above the ichimoku indicator, we have a bullish bias that price will rise from the pivot at 0.77300 where the overlap support is to the 1st resistance at 0.77970 where the swing high resistance is. […]
Type: Bullish Rise Key Levels:Resistance: 13864Pivot: 13361Support: 12968 Preferred Case:On the H4, with price moving in an ascending trendline, moving above the ichimoku cloud and price recently breaking the descending trendline, we have a bullish bias that price will rise from the pivot at 13138 at the pullback support. If price breaks the intermediate resistance […]
• Natural gas broke resistance level 7.960 • Likely to rise to resistance level 9.000 Natural gas recently broke through the resistance level 7.960 (top of the previous wave (iv) from the middle of June) intersecting with the 61.8% Fibonacci correction of the earlier downward correction (B) from last month. The breakout of the resistance […]
• EURCHF reversed from support area • Likely to rise to resistance level 0.9940 EURCHF currency pair recently reversed up from the support zone located between the pivotal support 0.9820 (which stopped wave 3 in the middle of this month) and the lower daily Bollinger Band. The upward reversal from this support area can form […]