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
Here in this blog, I am going to converse about the detailed facts about two robust currencies: The Euro and the Dollar. Let’s begin with…!! The Dollar Index is currently up by 0.01% and trading around $79.88. For the past n number of days, the dollar is persistent in making
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
Below is the list of specific events and data. Today seems like an important day. We expect a volatility in the market in the evening trading session. USD: Philly Fed Manufacturing Index at 6:00 PM Measures: Level of a diffusion index based on surveyed manufacturers in Philadelphia Released monthly, on
On Thursday morning Gold opened low and currently trading around $1693.60. Metals are incompetent to sustain at higher levels. Moreover, investors are expecting a hike in interest rates by the Central bank to curb the mounting inflation. Inflation rose to 1.3 percent due to which we are expecting a hike
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
Aluminium is trading near its support range of 210—200. We have seen a vertical crash in Aluminium from 325 to 202.25 in less than 4 months. Aluminium bounced back sharply again from the previous low of 201.50. Have a look at technical levels Aluminium has major support of 200. Further
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
Today is Wednesday and investors are waiting for the CPI data. Furthermore, the actual figure of the inflation rate would be the decider path for the hike in interest rates. Precisely, if there is a hike in inflation then FED will take all the necessary steps to tumble it down.
Today, we have a list of various economic forecasts. Furthermore, US CPI comes with maximum importance. If the inflation number rises then we may see a downside panic in the market. GBP : GDP m/m at 11:30 AM Measures: Change in the total value of all goods and services produced
