Consumer price inflation increased to 8.1% year-on-year (y/y) in June, up from 7.7% in May. Gas prices were a main driver, with prices rising 6.2% month-on-month (m/m). Statistics Canada noted that “gas prices largely followed crude oil prices, which peaked in the first week of June with higher global demand amid the easing of COVID-19 […]
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Key Highlights EUR/USD extended losses and traded below 1.1480. A key bearish trend line is forming with resistance at 1.1550 on the 4-hour chart. GBP/USD also declined further and traded below 1.3320. Crude oil prices Read more…
China’s economic activity showed a stronger-than-expected start to 2026, with key indicators rebounding in the January–February period. Industrial production rose 6.3% yoy, well above market expectations of 5.1%. Retail sales increased 2.8% yoy, also beating Read more…
Gold slipped back below 5,000 psychological level in Asian trading today, and the decline reveals an unusual dynamic dominating markets in 2026: escalating war is failing to lift Gold. Despite intensifying conflict involving the U.S., Read more…