Paytm soars high, Keep an eye on Nifty and Bank Nifty Analysis

June 09, 2023 (Commodity Samachar) – In today’s news one of the first headlines that have arrived is with reference to Paytm. Paytm scales 9 months high with big volumes, likely to march towards INR 850. Paytm’s operator One97 Communications has given a string of bullish candlestick patterns on the

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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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RBI Monetary Policy: Hike in interest rates still continues

Today at 10:00 AM RBI Governor Shaktikanti Das announced its monetary policy thereby raising the repo rate by 0.50BPS. Furthermore, with a hike in interest rates, the repo rate now stood at 5.4 percent. However, considers being the highest hike since 2019. Precisely, this is the third time successively since

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USD: ISM Manufacturing PMI at 7:30 PM seems significant

USD: ISM Manufacturing PMI at 7:30 PM Measures: Level of a diffusion index based on surveyed purchasing managers in the manufacturing industry Released monthly, on the first business day after the month ends Next Release Date Sep 1, 2022 Above 50.0 indicates industry expansion, below indicates contraction It’s a leading

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Specific Events: An important day for the global market

Here is the list of specific events. Today, at 11:00 PM we will have the results of FOMC meet. Lets see what FED will decide. Whether they would be stringent or lenient towards their hike in interest rate decision. USD: Core Durable Goods Orders m/m at 6:00 PM Measures: Change

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