The annualized Eurozone Consumer Price Index (CPI) rose by 3.4% in September, beating expectations of 3.3% while up from August’s reading of 3.0%, the latest data published by Eurostat showed on Friday. The core figures arrived at 1.9% YoY in September when compared to 1.9% expectations and 1.6% booked last.

Japanese shares plunged on Friday to a one-month low on mounting concerns that multiple disruptions to global supply chains may keep inflation high for much longer. Investor sentiment was also pressured by the postponement of a vote on an important spending bill for the administration of US President Joe Biden, …

European shares fell to their lowest level in two months on Friday, continuing a global sell-off as investor sentiment was negatively affected by growing concerns about slowing economic growth and rising inflation. The pan-European STOXX 600 index fell 1.3 percent, while the travel and leisure, banking and auto industry sectors …

The German DAX index declined significantly, recording heavy losses during the trading session of the last session, reaching its lowest level at 15,090 during the morning session of today’s session. Technically, we notice the continuation of the negative pressure coming from the 50-day moving average, which continues to pressure the …

Oil, Crude, trading

GBP/JPY is trading deep in the negative territory after successfully breaking the psychological support level of 150.00. It then started pressuring on the 149.50 level during the early trading of the current session. Technically speaking, today, we are biased negatively based on the apparent negativity features on the stochastic indicator …

The Canadian dollar found solid support around the 1.2630 level, which forced it to trade positively again within a bullish bounce that aimed to retest 1.2720. Technically, today, the current moves see the price stability above the 1.2660 support level at the 61.80% Fibonacci level. We also notice the positive …

Oil, Crude, trading

Oil, Crude, trading

The single European currency succeeded in achieving the official target of the current downside wave published during the last analysis, located at the price of 1.1600, to record its lowest level against the US dollar at 1.1562. Technically speaking, the 4-hour chart paints the regularity of the movement inside the …