Norwegian offshore laborers stood on a strike on Tuesday which may reduce the output of oil and gas. Moreover, sources revealed that they are expecting a fall in oil and gas production by 89000 barrels and gas by 27500 boepd. Due to supply disruption, crude oil traded higher in the
Tuesday seems like a sluggish day. Not much economic indicators or events for the day. GBP: BOE Gov Bailey Speaks at 3:30 PM BOE Governor Mar 2020 – Mar 2028. Volatility is often experienced during his speeches as traders attempt to decipher interest rate clues As head of the central
There were rumours traveling around about Silver that the import duty in India hiked. But please traders, beware of this fake news. Till now, we did not receive any authenticated information about the import duty of silver. Though on Friday, the import duty on gold rose by 5 percent and
Due to the increase of 5% tax on gold by the Government of India, there was a jump in gold. Simultaneously, excise duty on petrol and diesel has also been increased. This is done to control the depreciating INR against the USD. Fear of recession or beginning of recession? 📌The
XAU/USD which is also known as Comex Gold breached its crucial support level of $1800 and currently trading around $1795. Let’s discuss the daily chart of XAU/USD. Comex gold is in a falling wedge pattern on a daily chart as marked in the chart. Gold is creating panic slowly and
Here is the checklist of today’s economic data, make yourself informed and trade safely. OPEC-JMMC Meetings -ALL DAY Monthly; Next Release: Aug 1, 2022 OPEC-JMMC meetings are attended by representatives from the 13 OPEC members and 11 other oil-rich nations. They discuss a range of issues regarding energy markets and,
Here is the checklist of various economic data which may influence the market. EUR: German Prelim CPI m/m -ALL DAY Measures: Change in the price of goods and services purchased by consumers. Released monthly, around the end of the current month. Next Release Jul 29, 2022 Listed as an ‘All
Commodity newsletter helps you to understand market view on a daily as well as weekly basis. In the commodity newsletter, you will get an in-depth analysis of bullion, base metal, and energy. 📌Commodity Samachar wishes you a Happy Monsoon. The rainy season and Farming time have started. Hence the buying
Check out the list of various economic updates and make yourself aware of its influence. 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 ends.Next Release Date Jul 20, 2022 Source
Below are the various economic indicators. Out of so many, FED Chair Powell Testifies at 7:30 PM comes with significant importance. EUR: German Flash Manufacturing PMI at 1:00 PM Measures: Level of a diffusion index based on surveyed purchasing managers in the manufacturing industry Released monthly, around 3 weeks into
