Eurozone CPI was finalized at record 5.0% yoy in December, up from November’s 4.0%. Core CPI was finalized at 2.6% yoy. The highest contribution to came from energy (+2.46%), followed by services (+1.02%), non-energy industrial Read more…
EURGBP has adopted a softer negative trajectory since January 5, something also being reflected in the calmed slope of the 50-period simple moving average (SMA). Nonetheless, the longer-term SMAs continue to defend the bearish trend Read more…
WTI oil futures (March delivery) are marking their fifth consecutive bullish week. Having fully recovered from November’s sell-off, the price managed to print a new seven-year high at 86.77 on Wednesday but a close above Read more…
WTI crude continued upward after the IEA warned inventories in OECD countries were at their lowest levels. The rally may accelerate in the medium-term after the bulls clear last October’s high at 85.00. However, the Read more…
The sterling edged higher after Britain’s December CPI exceeded expectations. The euro has struggled to lift offers around 0.8375 after a two-week-long consolidation. The subsequent break below 0.8340 has forced buyers to bail out, exacerbating Read more…
The Canadian dollar finds support from hotter-than-expected inflation. The US counterpart remained under pressure after it failed to hold onto 1.2500. The RSI’s repeatedly oversold situation has attracted some buying interest. But timid rebounds have Read more…
AUDUSD is moving within the Ichimoku cloud and the short-term simple moving averages (SMAs), while in the bigger picture the price has been in an ascending channel since December 2021. The MACD oscillator is flattening Read more…
ECB President Christine Lagarde told France Inter radio inflation will “stabilize” and “ease gradually in the course of 2022. “. “The cycle of the economic recovery in the U.S. is ahead of that in Europe. Read more…
EUR/USD Following the unsuccessful test of the support level at 1.1320, the currency pair continued to trade in the range of 1.1320 – 1.1360, but in the early hours of today’s trading session, it is Read more…
US equities turned positive on Wednesday after strong quarterly earnings by Morgan Stanley, Bank of America, and Procter & Gamble. The two banks published better-than-expected results, which were helped by the rising loan growth and Read more…