Economic Forecast: Seems significant for the day

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

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Crude Oil loses its shine: Negative trend persists

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

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Economic Forecast: Friday closing is important

Here is the list of various economic forecast. Market is experiencing a volatility session. Friday closing is important for monday morning trade. USD: Core 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

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Hike in Inflation numbers may create downside panic

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

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Economic Data: Tuesday seems like a sluggish day

Tuesday seems like a sluggish day. No more economic data in the pipeline today. GBP: BOE Gov Bailey Speaks at 10:30 PM Measures: Due to speak about the economic landscape at an event hosted by the Official Monetary and Financial Institutions Forum, in London. Audience questions expected. BOE Governor Mar

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Inflation hits hard: Dollar Index is waving at its 20-year high

The dollar index upsurges and it is at its 20-year high. Precisely, the dollar opened high on Monday morning and is currently trading around 107.425. Inflation is hitting the consumer price index which is deteriorating the economy. An upcoming figure for the consumer price index will be released on Wednesday.

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Today’s Event: BOE Bailey speaks at 7:45 PM

GBP: BOE Gov Bailey Speaks at 7:45 PM Measures: Due to Testifying on the Bank of England Financial Stability Report before the Treasury Select Committee, in London Next Release Jul 12, 2022 BOE Governor Mar 2020 – Mar 2028. Volatility is often experienced during his speeches as traders attempt to

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Weekly Commodity Samachar- Keep an eye on China GDP data on Friday

Read our Weekly Commodity Samachar and make yourself informative about all 9 commodities. The US non-farm employment figures presented were much better than the forecasted, but there was a slight decline compared to the last time. Due to this mixed trade was seen in the market on Friday. Inflation and

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US NFP data forecasts may lead Gold towards the North direction

The economy of the US is heading towards recession thereby deteriorating the economic health of the country. There were fears circulating around that country may face recession mode soon if inflation is not controlled. Yesterday, at FOMC meet, the officials announced that there would be a hike in interest rates

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