Base metal had a negative week. Industrial metal came under pressure after data showed Chinese CPI inflation rose less than expected in January, while producer price index inflation weakened further despite the relaxing of anti-COVID restrictions. Aluminum prices were set for a muted week as fears of a looming recession
Volatility continued remained in global commodity for second consecutive day. As China demand and Rate hike jitters weighting on the sentiment. Yellow Metal and Crude oil prices retreated from the day’s high. Crude Oil fell from the day’s highs U.S. crude inventories welled to their highest in months, while the prospect
Copper Future expect to consolidate ahead China CPI and UK GDP data. MCX Copper has witnessed a smart recovery from the start of the week. Current trading at 777.60 as compared to previous day’s close of 775.75. Copper supported following somewhat mixed signals on monetary policy from the Federal Reserve,
Will MCX Aluminum break its crucial support? MCX ALUMINUM Future prices continued trading 2 February 2023. Prices retreated almost 2.50% from the peak of 227.45. Currently trading at 219.50 levels. Rising US dollar index recently controlled the upside momentum of metals prices. Further, the demand recovery in China is
Here is the checklist of economic indicators which may impact the market. Today is the data on Non-Farm payroll due to which we may witness high volatility in today’s trading session. JPY BOJ Gov Kuroda Speaks at 7:00am Measures: Due to speak about macroeconomics and financial stability at an online
Here is the checklist of economic updates which may influence the conditions of the market. USD Fed Chair Powell Speaks at 12:00am Measures: Due to speak about the economic outlook, inflation, and the labor market at the Brooking Institution, in Washington DC Fed Chair Feb 2018 – Feb 2026. Fed
Here is the checklist of leading indicators which may impact the market. Currently, market is directionless due to which there is an irregularity in the movement of the trend. EUR CPI Flash Estimate y/y at 3:30pm Measures: Change in the price of goods and services purchased by consumers Released monthly,
USD: CB Consumer Confidence at 8:30pm Measures: Level of a composite index based on surveyed households Released monthly, on the last Tuesday of the current month Next Release Date Dec 21, 2022 Financial confidence is a leading indicator of consumer spending, which accounts for a majority of overall economic activity
Checklist of significant indicators which may participate in deciding the trend of the market. ECB President Lagarde Speaks at 7:30pm Measures: Due to testify before the Committee on Economic and Monetary Affairs of the European Parliament, in Brussels Next Release Dec 2, 2022 ECB President Nov 2019 – Nov 2027.
Here is the checklist of some significant updates which may decide the trend of the market. FOMC Meeting Minutes at 12:30am Scheduled 8 times per year, 3 weeks after the Federal Funds Rate is announced Next Release Jan 5, 2023 It’s a detailed record of the FOMC’s most recent meeting,
