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 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
Below are the various economic updates which seems slightly positive for base metals and dollar index. USD: 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 ends Next Release Date: July 14, 2022
📌 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
Below is the list of today’s economic indicators. Moreover. out of the list CPI comes with maximum importance. If the inflation index touches the higher edge then there is a maximum possibility of hike in interest rate. USD: CPI m/m at 6:00 PM Measures: Change in the price of goods
An explosion took place in Texas on Wednesday. The fire caused at Freeport liquefied natural gas export terminal thereby threatens the supply chain for upcoming months. As a result, prices of natural gas in the UK and Europe bounced up in the early trading session on Thursday. However, the fire
Below is the list of various economic data. But today, we need to focus on monetary policy of Europe. However, conditions of Europe are bad. A press conference would take place as their agenda of conversation is monetary policy. EUR: Main Refinancing Rate at 5:15 PM Measures: The interest rate
Below is the list of core indicators. Non-farm employment change comes with utmost importance. However, if the forecasted figure matches with the actual one then that may create pressure on bullions. USD: ADP Non-Farm Employment Change at 5:45 PM Measures: Estimated change in the number of employed people during the
Here in this blog we have mentioned the list of today’s economic indicators. Moreover, we need to keep an eye on price index. USD: FOMC Member Bullard Speaks at 5:05 PM Measures: Due to participating in a panel discussion at a conference hosted by the Bank of Japan, in Tokyo
Today, we have a list of numerous economic core indicators which may determine the overall trend of the market. 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
