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 […]
The seasonally adjusted S&P Global Eurozone PMI composite output index dropped to 49.4 in July from 52.0 in June, according to a S&P Global/Markit survey on Friday. Dropping below the neutral 50.0 level signals a contraction of business output for the first time since February 2021. Steepest declines were seen in Germany, where the composite […]
Type: Bullish Breakout Key Levels:Resistance: 0.69579Pivot: 0.68608Support: 0.67995 Preferred Case:On the H4, with price moving above the ichimoku cloud, moving in an ascending support and breaking out of the descending trend channel, we have a bullish bias that price will rise from the pivot at 0.68608 at the overlap resistance to the 1st resistance at […]
EUR Lower Following ECB Yesterday’s July ECB meeting saw a muted response in EUR. While the ECB pushed ahead with the larger-than-expected .5% rate hike, the bank’s accompanying guidance was less hawkish than previously. On the back of the meeting, traders have scaled back their rate-hike expectations for the remainder of the year. The ECB […]
U.S. COVID cases and hospitalizations are rising again to the highest seen this summer so far, as the BA.5 omicron subvariant becomes dominant. BA.5 is understood to be the most transmissible variant seen so far and to have an ability to break through vaccination and cause reinfection. BA.5 accounted for more than 53% of global […]