Earnings Season is In Focus
Several largest American companies will publish their financial results this week. BTCUSD and XAUUSD are skyrocketing. What's going on in the markets?
Euro zone inflation goes down in January, although core rate tacks on
In January, euro zone inflation headed south, although core rate managed to grow.
Inflation stepped down in the euro zone in January, which is in line with market hopes, as follows from a first forecast from the EU's statistics agency. Nevertheless, core inflation demonstrated a jump.
Inflation in the European Union went down to 1.3% versus December’s outcome of 1.4%, which is in line with experts’ hopes. By the way, Eurostat's flash estimate for January doesn’t come with a month-on-month calculation.
The sag took place simply due to a slower soar of unprocessed energy and food prices.
The former rallied 1%in January versus a 1.9% leap in December. As for the latter, it gained 2.1% from December’s reading of 2.9%.
Calculated excluding these two most fluctuating components, or what the European Central Bank labels as core inflation it edged up to 1.2% from 1.1% in December versus hopes for a moderate dive to 1%.
Similar
Can XAUUSD Move Higher?
The dollar's status as the world's reserve currency could only be recovered if the US controls its spending. The huge budget deficit and rising interest rates on the US national debt should scare every American, analysts say. Read the full report to learn more!
Chinese Economy Has Bounced Off the Bottom
Chinese investors are selling the UST. Meanwhile, the earning season continues. What's going on in the markets?
Latest news
The Yen Sets New Lows
The Japanese yen fell to its lowest level against the US dollar in 33 years. Read the full report to learn the next target for USDJPY!
Experts are Waiting for US Stocks to Rise
The US stock market fell in the third quarter. What's going on and why economists think that the last quarter will be better? Let's discuss it all here.
BlackRock CEO Supports The USD
BlackRock CEO forecasts the Fed may have to raise rates further. The US dollar index (DXY) gains 130 points today. Read the full report to get more fresh news and technical analysis!
