Inflation in the US, as measured by the Consumer Price Index (CPI), rose to 7.0% on a yearly basis in December from 6.8% in November, the US Bureau of Labor Statistics reported on Wednesday. That was in line with the median economist forecast for a reading of 7.0%. The MoM …

The US bank, Goldman Sachs, cut its growth forecast for China, as it faces a difficult battle to contain the spread of the fast-spreading Corona mutated, and the US investment bank now sees that the economy will grow 4.#% this year, compared to 4.8% its previous forecast. Economists at the …

The price of the dollar settled near its lowest level in two months against the major currencies on Wednesday, ahead of the release of data that is expected to show a new rise in the US inflation rate, which supports the prospects of rising interest rates early. Federal Reserve Chairman …

European shares rose on Wednesday, tracking gains made by Wall Street in the evening after Federal Reserve Chairman Jerome Powell expressed a less hawkish stance on monetary policy during testimony before Congress. The pan-European STOXX 600 index rose 0.5% by 0813 GMT, following the path of global stocks, after Powell …

Japanese stocks rose on Wednesday after investors accepted shares that had fallen in price before, after the Federal Reserve Chairman Jerome Powell’s less hawkish-than-expected comments supported US stocks. The Japanese Nikkei index closed up 1.92 percent, recording 28,765.66 points, achieving the highest daily increase since December 21, while the broader …

The statements of US Federal Reserve Chairman Jerome Powell came with a state of concern in the markets about the lack of supply resulting from the current events in Libya and Kazakhstan, giving a solid boost for oil prices. Powell stressed that the fed uses all tools to manage the …

The German DAX index achieved noticeable gains within the bullish path published in the last report, recording its highest level at 15,995. Technically, we tend to be positive, but cautiously, relying on the stability of the 14-day momentum indicator above the 50 mid-line, in addition to the index’s success in …

Oil, Crude, trading

The British pound continues to advance against its Japanese counterpart and starts today’s session positively, attacking the strong resistance level at 157.40. On the technical side, we tend to the positivity, relying on the stability of the intraday trading above the 156.60 support level, accompanied by positivity signs that start …

 The Canadian dollar managed to achieve the bearish path published during the technical report yesterday, heading towards touching the first target of the previously mentioned bearish technical structure 1.2570, recording its lowest price during the early trading of the current session 1.2545. Technically, and with the continuation of the negative …