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Eurozone inflation beats expectations in February
Foreign currency
image 3 March، 2025

 Eurostat, the statistical office of the European Union, estimated a few moments ago that annual inflation in the eurozone rose to 2.4% in February in the preliminary reading, compared to 2.5% in January, beating expectations of growth of around 2.3%. The largest contribution to inflation in February came from the services sector, which rose at an annual rate of 3.7%...

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The Fed’s preferred inflation measure fell short of expectations in January
Foreign currency
image 28 February، 2025

 Data released moments ago by the US Bureau of Economic Analysis showed that US personal income rose by $221.9 billion in January, up 0.9% from 0.4% in December, while the US Federal Reserve's preferred measure of inflation, the personal consumption expenditures (PCE), fell by 0.2% to $30.7 billion from November's reading of 0.8%. The closely watched index, which excludes food...

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Economic figures support the rise of the US dollar amid anticipation of inflation figures
Foreign currency
image 27 February، 2025

The US gross domestic product rose in the fourth quarter of last year ending in December 2024 in the second reading according to the report of the Bureau of Economic Analysis issued a short while ago to 3.2% compared to 3.1% in the third quarter, to come with the same initial reading without change and in line with expectations. The...

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Crude oil rises with Trump’s support, inventories decline
Foreign currency
image 27 February، 2025

 Crude oil prices recorded increases of about 1% in the middle of the European session today, Thursday, February 27, to recover from their lowest levels in two months after sharp declines since the beginning of the week, as Brent crude rose by about 1.02%, trading at $73.27 per barrel, while US crude (Nymex) traded at $69.29 per barrel, up by...

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Inflation in Australia stabilizes at 2.5%
Foreign currency
image 26 February، 2025

 Figures released this morning, Wednesday, February 26, in the Asian session from the Australian Institute of Statistics (ABS) showed that consumer price inflation rose by 2.5% in January on an annual basis, the same as December, while expectations were for a rise of 2.6%. The core index, which excludes volatile items such as motor fuel, fruits and vegetables, rose by...

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Mass declines in digital currencies and the exit of more than $ 230 billion from the cryptocurrency markets
Foreign currency
image 25 February، 2025

 Digital currencies recorded mass declines this morning, Tuesday, February 25, as the most expensive digital currency in the world (Bitcoin) is trading at its lowest levels since November of last year, below $ 90,000, which led to a strong wave of selling in the cryptocurrency market and the exit of nearly $ 230 billion in the last 24 hours. The...

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German IFO on decline and German election results support the euro and European indicators
Foreign currency
image 24 February، 2025

 The IFO index concerned with measuring confidence in Germany fell unexpectedly in February, as the index, which is based on a survey of nearly 9,000 companies in Germany, fell to 85.2 compared to the January reading, rising to 85.2, while expectations were for a rise of 85.9. In detail, the current situation index fell to 85 compared to 86 in...

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Canadian Retail Sales Beat Expectations
Foreign currency
image 21 February، 2025

 Retail sales in Canada rose 2.5% in December, Statistics Canada reported moments ago, to $69.6 billion, after a 1% decline in November before being revised to a 0.2% increase, beating expectations of a 1.5% increase. Growth in January was supported by a 3.5% increase in food and beverage retail sales, a 1.9% increase in auto and parts sales, and a...

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Positive figures from the Australian labor market
Foreign currency
image 20 February، 2025

 The Australian labor market data released this morning, Thursday, in the Asian session from the Australian Bureau of Statistics (ABS) showed that the unemployment rate rose to 4.1% in January from 4.0% in December, matching expectations, while the labor force participation rate rose to 67.3%. In contrast, the economy added about 44,000 jobs in January, up about 0.3% compared to...

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UK inflation rises to 3%
Foreign currency
image 19 February، 2025

The Consumer Price Index (CPI), which measures inflation in the UK, rose to 3% year-on-year in January from 2.5% in December, beating expectations of 2.8%, according to data released by the Office for National Statistics (ONS) on Wednesday morning. On a monthly basis, the CPI fell by 0.1% in January, compared to a decline of around 0.6% in January 2024....

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