Due to the hawkish monetary policy of US, uncertainty continues in the prices of both gold and silver. US inflation is reaching its peak but still, no profound strategies are witnessed to combat it. Several countries are going a step further toward recession due to spiked inflation. Furthermore, a hike
Today we have two major economic updates. OPEC meeting will conduct for the whole day long. Lets see and wait for the outcome of a meeting. GBP: MPC Member Mann Speaks at 9:00 PM Measures: Due to deliver a speech titled “Inflation Persistence and Monetary Policy Strategy” at the 53rd
Average Hourly Earnings m/m at 6:00 PM Measures: Change in the price businesses pay for labor, excluding the farming industry. Released monthly, usually on the first Friday after the month ends.Next Release Date Oct 07, 2022 This is the earliest data related to labor inflation. Source changed series calculation formula
On Tuesday, the prices of crude oil surged nearly 4 percent. Moreover, today the market for crude oil prices opened in the red due to showing concerns about supply constraints. Precisely, the oil prices rose 4 percent soon after Saudi Arabia circulated the clue of OPEC+ about diminishing the output
Economic Indicators: USD Core PCE Price Index m/m at 6:00 PM Measures: Change in the price of goods and services purchased by consumers, excluding food and energy Released monthly, about 30 days after the month ends Next Release Date Sep 30, 2022 This differs from Core CPI in that it
Here is the list of major economic updates. All eyes on home sales and crude oil inventory. USD: Core Durable Goods Orders m/m at 6:00 PM Measures: Change in the total value of new purchase orders placed with manufacturers for durable goods, excluding transportation items Released monthly, about 26 days
Here is the checklist of specific events for today. Be cautious because we have a number of specific events which might create volatility in the market. EURO: French Flash Services data at 12:45 AM Measures– level of a diffusion index based on surveyed purchasing managers in the services industry Released
Read our weekly commodity samachar and make yourself aware about the next trading session. 📌Due to the recovery in the US economy, there was pressure on gold and silver. Crude oil has bounced from lower levels but weekly closing is in the red mark. 📌This week, the focus of traders
Today we do not have any major economic data. Weekly closing is important for the next trading session. 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 Sep
Crude oil Futures prices act like a swinging pendulum on Wednesday. Precisely, the prices of crude oil move down then again move up and up, and then could not resist the upward range and closed at the 6996 mark. Furthermore, if we talk about today then the market opened with
