A flash estimate of Eurozone inflation for November will be released next week (November 30). In October, inflation rose further to 10.6% y/y, from 9.9% y/y previously. The main driver was food prices, which increased to 13.1% y/y. In contrast, energy price pressures remained stable at a high level and core inflation also recorded only a slight increase to 5.0% y/y. Although energy price pressures stabilized, an analysis of the data shows that, on one hand, price dynamics for fuels (petrol and diesel) are falling rapidly. On the other hand, the dynamics for electricity and gas continue to increase. This reflects the rapid increase in electricity and gas prices this summer. Although the situation on the wholesale markets has already eased considerably, we expect inflation levels for electricity and gas...

XAU/USD Gold price edges lower in European trading on Friday, after the action repeatedly failed at 10DMA ($1756), with daily techs remaining bullishly aligned after a pullback from Nov 15 peak ($1786) found firm ground just above pivotal Fibo support (38.2% of $1616/$1786), reinforced by rising 20DMA. The metal is on track for a marginal weekly gains that would partially offset negative signal from previous week's bearish candle with long upper shadow, with more positive signals from monthly performance, as the yellow metal advanced strongly in December and on track for the first bullish monthly close after seven straight months in red ( November's rally marks so far the biggest rally since May 2021). Initial support at $1746 (cracked Fibo 23.6%/5DMA) should ideally hold, however, deeper dips should not exceed...

Wayne McDonell has been trading the currency markets in the public eye since 2005. In 2006, he started presenting our Nonfarm Payrolls coverage. We want to celebrate with you his 200th coverage in FXStreet with this exclusive interview. 1. You have been covering Non-Farm Payrolls for 16 and a half years, how do you feel about the trader you were when you started covering it? When I watch videos of the original events, one thing stands out immediately is that very little has changed.  My charts and indicators are the same.  My strategy is the same.  I am proud to see the consistency in the methodology.  It means that what I share is based on the universal truths of trading.   You can watch all 597 hours of the recordings...