Specific Events: An important day for the global market

Here is the list of specific events. Today, at 11:00 PM we will have the results of FOMC meet. Lets see what FED will decide. Whether they would be stringent or lenient towards their hike in interest rate decision. USD: Core Durable Goods Orders m/m at 6:00 PM Measures: Change

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MCX Gold damp down over an anticipated interest rate hike

On Monday morning, MCX Gold was down by 0.15% and currently trading around 50568. Today, we might not witness much volatility in the market due to a lack of specific events. Investors or traders are now keeping an eye on the FOMC meeting. Let’s see what they have decided about

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Weekly Commodity Samachar: Traders be Cautious

Here is our weekly commodity samachar with detailed facts, news, impacts and their influences. After the 0.50% increase by ECB (European Central Bank), there was a jump in the metals, but once again the momentum of the bullish momentum was seen to be hindered by the closing of the market

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Specific Data: Flash Manufacturing PMI seems important

Below is the checklist of today’s specific data. Flash Manufacturing PMI seems important for the day. GBP: Retail Sales m/m at 11:30 AM Measures: Change in the total value of inflation-adjusted sales at the retail level Released monthly, about 20 days after the month endsNext Release Date Aug 19, 2022

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Economic Forecast: Seems significant for the day

Below is the list of economic forecast which seems significant for the day. Existing Home Sales and Crude oil inventory may create volatility in the market. GBP: CPI y/y at 11:30 AM Measures: Change in the price of goods and services purchased by consumers Released monthly, about 16 days after

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Crude Oil loses its shine: Negative trend persists

The prices of crude oil are continuously tumbling down for the past two weeks. Furthermore, yesterday the inflation index rose to 1.3 percent which is endlessly creating pressure on the prices of bullion and base metals. The dollar index is at its 20-year high whereas the US inflation index is

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