The dollar index opened in red today as investors are consistently watching and giving prior importance to controlling inflation. Hike in inflation led major central banks to increase the rate of interest. FED revised interest rates twice in the last two meetings. Moreover, earlier they raise 0.50 BPS but in
Here in this blog, I am going to converse about copper and zinc. The covid-19 outbreak in China hits the MCX segment adversely. Moreover, Russia & Ukraine wars and several sanctions deteriorate the economic health globally. But, recently, due to a relaxation in Covid-19 lockdowns, the market tried to become
Below are the various significant events for the day. We are expecting a bit supportive data for bullions. GBP: MPC Official Bank Rate Votes at 4:30 PM Released monthlyNext Release: Aug 4, 2022 The vote is reported in an ‘X-X-X’ format – the first number is how many MPC members
Below are several economic data. Out of so many we need to set eyes on FED meet. FOMC statement seems to be the trend decider. USD: Core Retail Sales m/m at 6:00 PM Measures: Change in the total value of sales at the retail level, excluding automobiles Released monthly, about
Below are the various economic updates which seems slightly positive for base metals and dollar index. USD: PPI m/m at 6:00 PM Measures: Change in the price of finished goods and services sold by producers Released monthly, about 13 days after the month ends Next Release Date: July 14, 2022
Since December 2020, cryptocurrency grieved a lot and tests its lower levels. Moreover, we saw another random crash thereby noting Bitcoin and Ethereum significant losses ending the weekend. On Sunday, bitcoin traded below nearly around $28000 which was down by 6 percent during the past week. Furthermore, Ethereum even faces
📌 US inflation has once again worried the global market. America’s inflation has reached around 9%, which is the highest in the last 40 years. 📌 US consumer sentiments have also suffered a major setback due to inflation and have come to a standstill near 50. If the consumer confidence
Below is the list of today’s economic indicators. Moreover. out of the list CPI comes with maximum importance. If the inflation index touches the higher edge then there is a maximum possibility of hike in interest rate. USD: CPI m/m at 6:00 PM Measures: Change in the price of goods
An explosion took place in Texas on Wednesday. The fire caused at Freeport liquefied natural gas export terminal thereby threatens the supply chain for upcoming months. As a result, prices of natural gas in the UK and Europe bounced up in the early trading session on Thursday. However, the fire
Below is the list of various economic data. But today, we need to focus on monetary policy of Europe. However, conditions of Europe are bad. A press conference would take place as their agenda of conversation is monetary policy. EUR: Main Refinancing Rate at 5:15 PM Measures: The interest rate
