Statistics Canada reported on Wednesday the country’s consumer price index (CPI) fell 0.2 percent m-o-m in December, following a 0.1 percent m-o-m gain in the previous month. This was the first decline since September.On the y-o-y basis, Canada’s inflation rate increased 0.7 percent last month after advancing 1.0 percent in November. Economists had predicted inflation would be flat m-o-m and increase 1.0 percent y-o-y in December.According to the report, consumer price growth

TimeCountryEventPeriodPrevious valueForecastActual07:00GermanyProducer Price Index (YoY)December-0.5%-0.3%0.2%07:00GermanyProducer Price Index (MoM)December0.2%0.3%0.8%07:00United KingdomRetail Price Index, m/mDecember-0.3%0.5%0.6%07:00United KingdomProducer Price Index - Input (YoY) December-0.3%1%0.2%07:00United KingdomProducer Price Index - Input (MoM)December0.4%0.7%0.8%07:00United KingdomProducer Price Index - Output (YoY) December-0.6%-0.6%-0.4%07:00United KingdomProducer Price Index -

FXStreet notes that silver maintains a bullish bias as XAG/USD has based at the 24.20 Fibonacci support and strategists at Commerzbank look for it to re-try the topside.“Silver has sold off and recovered from support at 24.20 last week (61.8% retracement). We suspect that the market has seen an interim base here and should once again recover. This together with the December lows at 23.56 guard the 200-day ma at 22.49.” “Recovery off the 24.20/23.56 band should see the market re-try the