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
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,
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
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
📌 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
