Housing Starts in the US rose by 3.6% on a monthly basis in May following April’s drop of 12.1% (revised from -9.5%), the data published jointly by the US Census Bureau and the US Department of Housing and Urban Development showed on Wednesday.
Read More »Canada: Annual CPI Rises to 3.6% in May
Annual inflation in Canada, as measured by the Consumer Price Index (CPI), rose to 3.6% in May from 3.4% in April, the data published by Statistics Canada revealed on Wednesday. This reading came in higher than the market expectation of 3.5%. On a monthly basis, the CPI remained steady at …
Read More »UK Inflation Hits 2.1%
Inflation in Britain unexpectedly jumped, exceeding the target of the Bank of England in May, reaching 2.1%, in the context of the rise in prices after the end of the general isolation measures from Corona, which is expected to gain momentum. This acceleration of the consumer price index after recording …
Read More »Gold Consolidating in a Narrow Range, Eyes on The Fed
Gold settled and moved in a narrow range on Wednesday, June 16, as investors awaited the outcome of the latest US Federal Council meeting for indications of a possible reduction of economic support measures, while the dollar’s rise imposed pressure on the yellow metal. There was little change in gold …
Read More »What to Expect From the FOMC Today
The FOMC meeting will be the main event for the market today. We don’t expect the Fed to send any significant new policy signals, but now updated forecasts will likely show a first rate hike in 2023 and we may see the first comments from the Fed on Possible tapering …
Read More »German IFO Institute Cuts 2021 GDP Growth Forecast to 3.3%
German IFO institute cut the country’s 2021 GDP growth forecast to 3.3% from 3.7% previous due to supply bottlenecks, the latest report showed on Wednesday. German current account surplus to shrink from 7% in 2020 to 5.8% in 2021 and 4.9% in 2022.
Read More »Oil Prices Rise as Demand Outlook Improves, US Inventories Fall
Oil prices rose on Wednesday, June 16, while the price of Brent crude rose for the fifth consecutive session, as sentiment improved on the back of falling inventories and a recovery in demand after the Coronavirus pandemic. Brent crude rose 47 cents, or 0.6%, to $ 74.46 a barrel, the …
Read More »German Dax And Positivity Need Confirmation
Positive trading dominated the movements of the German DAX index touching the pivotal resistance level published in the previous analysis at 15800 price, which is an important condition to continue the rise. On the technical side, with the index’s price remaining above the support level of 15,700, accompanied by the …
Read More »Dow Jones loses Before The Fed meeting
Negative trading dominated the movements of the Dow Jones Industrial Average on Wall Street, canceling the expected positive outlook during the previous analysis, touching the stop losses order published in the previous analysis at 34,230, recording its lowest price at 34,190. On the technical side today, and with a closer …
Read More »GBP/JPY:ِ Looking For Positive Signals
Positive trades dominated the movements of the pound sterling against the Japanese yen within the expected bullish context, approaching our target of 155.70, to record a high of 155.50. On the technical side, we tend to be positive, but with caution, relying on the stability of trading above the support …
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