Canada’s CPI recorded a notable increase in May, climbing to 2.9% yoy from 2.7% yoy the previous month, surpassing the anticipated rate of 2.6%. This acceleration in headline CPI was primarily fueled by a significant uptick in service prices, which rose by 4.6% yoy in May, following a 4.2% yoy increase in April. Diving deeper […]
The post Canada’s CPI accelerates to 2.9% yoy, driven by service sector price hikes appeared first on Action Forex.
ECB Executive Board member Piero Cipollone suggested in an interview that growth may come in “a little bit slower” than previously expected. Weak PMI data is also raising concern. The “signals coming from the real Read more…
The USDJPY pair has pulled back after reaching its highest level since mid-August, dropping to around 148.00 before recovering slightly. The Japanese Yen gained strength due to comments from Japan’s Vice Finance Minister for International Read more…
WTI under strong bullish pressure Likely to rise to resistance level 78.3 WTI crude oil under the strong bullish pressure after the price broke the resistance level 71.30 (former strong support from August) intersecting with Read more…