Today’s major event: GBP – GDP q/q at 11:30 AM

Today we do not have any major event which may influence the market. GBP : GDP q/q at 11:30 AM Measures: Change in the total value of all goods and services produced by the economy Released monthly, about 40 days after the month ends Next Release Oct 12, 2022 It’s

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Economic Updates: Last trading session for the week

Here is the list of economic updates. Today is Friday, the last trading session for the week. Lets see how market responds to the data today. EUR: ECB President Lagarde Speaks at 3:00 PM Measures: Due to hold a press conference at the Eurogroup Meetings, in Prague ECB President Nov

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Major Events: Market may remain volatile

Below is the checklist of major events which may create volatility in the market. EUR: Main Refinancing Rate at 5:45 PM Measures: Interest rate on the main refinancing operations that provide the bulk of liquidity to the banking system Scheduled 8 times per year Next Release Oct 27, 2022 The

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Specific events: Spiked inflation with growing interest rates

Here is the list of specific events which may impact the economic health of the country. GBP: Monetary Policy Statement at 2:30 PM Next Release Nov 14, 2022 During these hearings the BOE Governor and several MPC members testify on inflation and the economic outlook before Parliament’s Treasury Committee. Furthermore,

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China swinging economy: Covid-19 lockdowns disrupt business activity

China witnessed the fastest dip in property sales as compared to the last forecast made. Furthermore, the residential property in China is damping down this year. Hence, home buyers are remaining cautious as economists or predictors are expecting the biggest fall in home prices in the current year i.e. 2022.

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Major Events which may influence the MCX market

Below is the checklist of major events which may impact the MCX market. USD: Final Services PMI at 7:15 PM Measures: Level of a diffusion index based on surveyed purchasing managers in the services industry Released monthly, on the third business day after the month Next Release Date Oct 5,

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Economic Updates: OPEC meet will conduct all day long

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

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Will non farm pay roll data support gold and silver prices?

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

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