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, […]
Central Bank seeks to anticipate and support innovation in the financial services industry Firms in novel areas must ensure their businesses will not be used to launder the proceeds of crime or to finance terrorism Central Bank issues a bulletin to virtual asset service providers (VASPs) to assist them in strengthening their applications and frameworks […]
In June, Canada’s inflation rate reached 8.1 % as gasoline prices rose. The annual inflation rate in Canada accelerated to 8.1 % in June, missing forecasts but remaining at its highest level since January 1983, according to Statistics Canada data released on Wednesday. Analysts expected annual inflation to reach 8.4 % in June, up from […]
Gold prices fell, on Wednesday, as pressure from strong monetary policy concerns and rising bond yields outweighed the relief from the dollar’s decline. This comes with the anticipation of central banks’ moves to counter inflation, which has hit record levels in many major economies. Gold Prices Today The price of gold futures contracts -December delivery- […]
Type: Bearish Reversal Key Levels:Resistance: 19.431Pivot: 18.797Support: 18.026 Preferred Case:On the H4, with price moving below the ichimoku cloud and moving in a descending trend channel, we have a bearish bias that price will continue to drop from the pivot at 18.797 in line with the 61.8% fibonacci projection to the 1st support at 18.026 […]
Daily Market Outlook, July 20, 2022 Overnight Headlines Dollar Loses Steam, Euro Heaves Sigh Of Relief Ahead Of ECB Asian Equity Markets Broadly Higher; US Futures Also Gain Netflix Rallies 8% After Hours After Losing Fewer Subscribers Biden To Announce Climate Actions, Not Yet Declare Emergency Biden Approval Rating Falls To 36%, Matching The Record […]