📌There is huge volatility in the global market. On the one hand, Russia is trying to rein in crude oil and gas, on the other hand, the global market is troubled by inflation and there is a challenge to reduce it. 📌 US is ready to go to any extent
Here is the list of economic updates. Today is Friday, the last trading session for the week. Lets see how market responds to the data today. EUR: ECB President Lagarde Speaks at 3:00 PM Measures: Due to hold a press conference at the Eurogroup Meetings, in Prague ECB President Nov
Below is the checklist of major events which may create volatility in the market. EUR: Main Refinancing Rate at 5:45 PM Measures: Interest rate on the main refinancing operations that provide the bulk of liquidity to the banking system Scheduled 8 times per year Next Release Oct 27, 2022 The
Here is the list of specific events which may impact the economic health of the country. GBP: Monetary Policy Statement at 2:30 PM Next Release Nov 14, 2022 During these hearings the BOE Governor and several MPC members testify on inflation and the economic outlook before Parliament’s Treasury Committee. Furthermore,
China witnessed the fastest dip in property sales as compared to the last forecast made. Furthermore, the residential property in China is damping down this year. Hence, home buyers are remaining cautious as economists or predictors are expecting the biggest fall in home prices in the current year i.e. 2022.
Below is the checklist of major events which may impact the MCX market. USD: Final Services PMI at 7:15 PM Measures: Level of a diffusion index based on surveyed purchasing managers in the services industry Released monthly, on the third business day after the month Next Release Date Oct 5,
Due to the hawkish monetary policy of US, uncertainty continues in the prices of both gold and silver. US inflation is reaching its peak but still, no profound strategies are witnessed to combat it. Several countries are going a step further toward recession due to spiked inflation. Furthermore, a hike
Today we have two major economic updates. OPEC meeting will conduct for the whole day long. Lets see and wait for the outcome of a meeting. GBP: MPC Member Mann Speaks at 9:00 PM Measures: Due to deliver a speech titled “Inflation Persistence and Monetary Policy Strategy” at the 53rd
Average Hourly Earnings m/m at 6:00 PM Measures: Change in the price businesses pay for labor, excluding the farming industry. Released monthly, usually on the first Friday after the month ends.Next Release Date Oct 07, 2022 This is the earliest data related to labor inflation. Source changed series calculation formula
Metals slipped after the fed statement on Friday. Fed is eager to hike more interest rates in the month of September to control inflation. We expect metals to create more downside panic in days to come. Metal was unable to breach its resistance and slipped; Looks weak on the daily
