Brian McColl is a fundamental and technical analysis expert and mentor. Brian has been a part of the Forex and stock markets for more than ten years as a freelancing trader.
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U.S. Natural Gas Storage Indicator increased less than expected in the week ending may 17 according to the Energy Information Administration. It rose to 2 053 billion cubic feet, up from 1 964 billion cubic feet the preceding week, but lower than the forecast of a 2 054 billion cubic feet. Natural gas stockpiles rose by a seasonally adjusted rate of 89 billion cubic feet, 1 billion cubic feet lower than the forecast, which pushed gas future price slightly up.
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Nokia Oyj expects lower profit margins for network-equipment division Nokia Oyj forecast diminishing profit margins for its network-equipment division, which indicate that the company is likely to sacrifice its earnings in an attempt to revive sales. At the same time, the company is trying ti rebuild itself […]
EUR/CAD scales 1-month high ahead of BoC, ECB meetings The EUR/CAD currency pair scaled a fresh one-month high of 1.4973 on Tuesday, after German inflation data and ahead of the outcome of the Bank of Canada’s and the European Central Bank’s policy meetings this week.Final data showed on […]
Euro Area inflation rate confirmed at 28-month low The annual inflation rate in the Euro Area was confirmed at 2.4% in November, final data showed, or the lowest level since July 2021.Prices increased at a slower rate for services (+4% YoY versus +4.6% YoY in October), non-energy […]
Air France share price up, pilots suspend strike, no agreement yet Air France, the French flag carrier, announced an agreement was reached with the pilots union to resume flight operations after a 14-day strike, which reportedly cost the airline more than €280 million (~$356 million)."Air France welcomes […]
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