The European Union’s statistics office (Eurostat) said on Wednesday that the rate of consumer price inflation slowed in the single European currency area in December, as expected, thanks to the continued decline in energy prices after reaching record levels earlier. Eurostat added that prices in the twenty countries that share …

European stocks rose on Wednesday as risk appetite was supported by a batch of positive corporate earnings reports, with the index on track for its longest consecutive period of gains since November 2021. And by 0815 GMT, the European Stoxx 600 index rose 0.3 percent, supported by a rise in …

Britain’s consumer price inflation fell to a three-month low of 10.5% in December, providing some relief to the Bank of England and British households, but food and drink prices continued to rise at their fastest pace since 1977. The decline in the headline inflation rate from 10.7 percent in November …

The Japanese yen fell on Wednesday after the Bank of Japan kept interest rates very low, disappointing some investors who had hoped the bank would adopt more policy adjustments. The Bank of Japan surprised the market last month by raising its yield cap on 10-year bonds to 0.5% from 0.25%, …

Gold prices fell slightly on Wednesday as the US dollar strengthened, but expectations of a slower pace of Federal Reserve rate hikes limited losses. Spot gold fell 0.3 percent to $1,902.79 an ounce by 0256 GMT. US gold futures fell 0.2 percent to $1,906. The dollar index rose 0.3 percent. …

Oil, Crude, trading

The Canadian dollar fell yesterday within the bearish path published during the previous technical report, approaching by a few pips at the first target of 1.3360, recording its lowest level at 1.370. The technical view is unchanged, and the pair maintains the same technical conditions. The common tendency tends to …

Oil, Crude, trading

US crude oil futures prices achieved the bullish target required to be touched during the previous technical report at 80.85, and approached by a few points at the second target 81.45, only to record the highest 81.20. Technically, oil prices continue to receive a positive incentive from the simple moving …

Negative trading dominated gold prices during the previous trading session, as we indicated in the last report, touching the first target of 1903, and heading for the second target 1897 during the morning trading of the current session. Technically, and by looking at the 4-hour chart, we notice the stability …