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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, […]
Type: Bullish Breakout Key Levels:Resistance: 0.70635Pivot: 0.69923Support: 0.68946 Preferred Case:On the H4, with price moving above the ichimoku cloud and breaking out of the descending trend channel and moving in an ascending support, we have a bullish bias that price will rise to the pivot at 0.69923 at the overlap resistance in line with the […]
Type: Bearish Breakout Key Levels:Resistance: 1738.4Pivot: 1721.1 Support: 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 […]
U.S. stocks opened lower on Tuesday after Wal-Mart WMT, -8.90% cut its profit outlook and blamed food inflation for forcing American consumers to curtail spending on other items. The S&P 500 SPX, -0.81% retreated 16 points, or 0.4%, to 3,951. The Dow Jones Industrial Average DJIA, -0.35% shed 97 points, or 0.3%, to 3,189. The […]
A think tank in the Philippines doesn’t give up on efforts to ban Binance, now claiming that the crypto exchange has been operating illegally in the country. 803 Total views 22 Total shares Philippines’ think tank Infrawatch PH continues efforts to ban Binance in the country by asking more regulators to investigate the cryptocurrency exchange […]
McDonald’s Corp. MCD, -1.42% posted net income totaling $1.188 billion, or $1.60 per share, down from $2.219 billion, or $2.95 per share, last year. Adjusted EPS of $2.55 beat the FactSet consensus for $2.47. Revenue of $5.718 billion was down from $5.888 billion last year and missed the FactSet consensus of $5.801 billion. Global comparable […]