The annual pace of headline inflation in the US according to the Consumer Price Index (CPI) fell to 8.3% in April from 8.5% in March, according to the latest release from the Bureau of Labour Statistics on Wednesday. That was above the expected decline to 8.1% YoY. The MoM pace …

The US Bureau of Labor Statistics will release the April Consumer Price Index (CPI) data on Wednesday, May 11 at 12:30 GMT and as we get closer to the release time, here are the forecasts by the economists and researchers of 4 major banks regarding the upcoming US inflation print. …

Oil prices rose on Wednesday after falling nearly 10 percent in the previous two sessions, buoyed by supply concerns, as the European Union works to rally support for a Russian oil embargo and as Russian gas supplies to Europe halted through a major transit point in Ukraine. The European Union …

European shares rose on Wednesday, extending gains after hitting a two-month low this week, as investors awaited US consumer price data for indications of rising inflation. The pan-European Stoxx 600 index rose 0.4 percent by 0715 GMT, and the real estate sector was at the forefront of the emerging sectors …

Japan’s Nikkei index rose at the close on Wednesday as investors flocked to stocks of companies with strong expectations, but gains were limited as US inflation data was awaited later in the day. The Nikkei rose 0.18 percent to close at 26,213.64 points, after declining earlier in the session. Investors …

Oil, Crude, trading

Oil, Crude, trading

The British pound fell against its Japanese counterpart during the previous trading session within the descending official track after finding a resistance level around 161.50, which forced the pair to resume the bearish trend again. On the technical side, today, we are inclined to the negativity, relying on the price …

The Canadian dollar continues the expected bullish path, approaching a few points from the first target published in the previous analysis at 1.3060, recording the highest price of 1.3052 after building the 1.2960 support level. Technically, we tend to the positivity, relying on the pair’s continuation of obtaining positive momentum …

Oil, Crude, trading