<p>CPI inflation plunged to 0.9% year-over-year in March Coronavirus pushed prices lower Lower prices good for consumers – when spending is eventually allowed Social/physical-distancing measures to control the spread of the coronavirus are causing a dramatic economic shock – and already led to sharply discounted prices across a wi
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Canadian Inflation Comes Tumbling Down in March, Along with Gasoline Prices
<p>The consumer price index rose 0.9% year-on-year (y/y) in March, down from 2.2% in February. Adjusting for seasonality, consumer prices also fell 0.9% month-on-month, the largest monthly decline since the series’ inception in 1992. Energy prices led the declines in March down 11.6% y/y, driven by a 21.2% decline in gasoline prices. Mo
Earnings, Oil Volatility, Gold, Bitcoin
<p>Earnings Season Poses Big Risk Equity markets are back in positive territory on Wednesday, with Wall Street eyeing more than 1% gains on the open, as investors look past the oil price carnage of the last couple of days. It’s been suggested that the oil price mayhem was responsible for equity market weakness at the […]
USD/CHF Price Analysis: Greenback nearing 9-day highs vs. Swiss franc
USD/CHF is trading below 200 SMA on the daily chart but above the 100/200 SMAs suggesting a mixed picture on dollar/swiss as the market remains trapped within
UK's Whitty: Incredibly small chance of effective coronavirus vaccine in next year
"The long-run exit from the COVID-19 challenge will be a highly effective vaccine and/or highly effective drugs," England's Chief Medical Officer Chri
AUD/USD trims gains and returns to 0.6300 area
The aussie opened the day on a strong pace, supported by the improvement in the global risk sentiment, to extended its recovery from Tuesday’s low at
EUR/GBP looks to close below 0.8800 on broad euro weakness
The EUR/GBP pair closed the first two days of the week in the positive territory and gained more than 100 pips during that period. With the shared cur
Gold Price News and Forecast: XAU/USD recovery loses steam with the US dollar gaining momentum
The precious metal has extended its rebound earlier today, favoured by a somewhat softer US dollar, amid a more positive market sentiment. With Europe
British Pound Sterling Price News and Forecast: GBP/USD bullish recovery remains intact
GBP/USD is trading above the 200 SMA on the four-hour chart suggesting a bullish bias in the medium-term. However, the spot is also trading below the
EUR/JPY Price Analysis: Euro eyeing the 2020 lows vs. Japanese yen
EUR/JPY remains under bearish pressure below its main SMAs (simple moving averages) on the daily chart as the currency cross is trading at a stone’s throw fro