Economic events: All eyes on today’s closing

Here is the list of economic events. Today is the last trading session of the week thereby seems volatile but still all eyes on today’s closing. USD: 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

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Specific Events: Forecast Data may create pressure in Bullions

Here is the checklist of specific events. We may witness downside pressure in the precious metals in the coming days ahead. GBP: Construction PMI at 2:00 PM Measures: Level of a diffusion index based on surveyed purchasing managers in the construction industry Released monthly, on the second business day after

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A big day in terms of specific news and events

Here is the list of specific news and events. Seems a volatile day. Though all eyes on the relationship between China and Taiwan. EUR: Spanish Services PMI at 12:45 PM Measures: Level of a diffusion index based on surveyed purchasing managers in the services industry Released monthly, on the third

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As such no significant data today

No significant data today. Market may remain sluggish. USD: JOLTS Job Openings at 7:30 PM Measures: Number of job openings during the reported month, excluding the farming industry Released monthly, about 35 days after the month ends Next Release Date Aug 30, 2022 It’s released late, but can impact the

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Will Real Estate crash globally

Home prices (Real Estate) for Australia slip down for three consecutive months. Furthermore, the condition of Sydney even worsens as the city suffers the worst decline in the past 40 years. Increasing borrowing costs and spiked inflation are deteriorating the economic health of the country. Consequently, citizens are now experiencing

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USD: ISM Manufacturing PMI at 7:30 PM seems significant

USD: ISM Manufacturing PMI at 7:30 PM Measures: Level of a diffusion index based on surveyed purchasing managers in the manufacturing industry Released monthly, on the first business day after the month ends Next Release Date Sep 1, 2022 Above 50.0 indicates industry expansion, below indicates contraction It’s a leading

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Precious metal jumps after FED raises interest rate by 0.75%

Yesterday at 11:30 PM(ISD) FED hiked interest rates by 0.75 BPS. Furthermore, this is the second consecutive time when FED raises interest rates by 0.75 BPS. To soar the surging inflation, Powell shows fear of increasing the interest rates in an upcoming meeting in the month of September. The outcome

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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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