Below is the list of economic forecast. US Non-Farm Unemployment Change data may come worse than before. USD: Non-Farm Employment Change at 6:00 PM Measures: Change in the number of employed people during the previous month, excluding the farming industry Released monthly, usually on the first Friday after the month
On Wednesday, Jerome Powell (FED Chair) speaks about the hike in interest rates to curb red hot inflation. Furthermore, to curtail the inflation rate, officials showed concern about the hike in interest rates by 0.50 or 0.75 BPS. High inflation may lead the US economy into recession. Powell states that
Here is the list of various economic forecasts. We are expecting volatility in the market after FOMC meet. EUR: EU Economic Forecasts at 2:30 PM QuarterlyNext Release Nov 10, 2022 This report includes economic forecasts for EU member states over the next 2 years, and covers about 180 variables. Source
Norwegian offshore laborers stood on a strike on Tuesday which may reduce the output of oil and gas. Moreover, sources revealed that they are expecting a fall in oil and gas production by 89000 barrels and gas by 27500 boepd. Due to supply disruption, crude oil traded higher in the
Tuesday seems like a sluggish day. Not much economic indicators or events for the day. GBP: BOE Gov Bailey Speaks at 3:30 PM BOE Governor Mar 2020 – Mar 2028. Volatility is often experienced during his speeches as traders attempt to decipher interest rate clues As head of the central
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,
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
