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.
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
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
In the year 1983, Havells India incorporated and has now become a leading manufacturer in the field of home, kitchen, and electrical appliances and goods. If we converse about the company’s major stream, then below are the two segments that contribute the most. They are as follows: Domestic Cables: Havells
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
Slowly and gradually, the SGX Nifty is moving in the south direction and is likely to test its downside trendline support. Asian markets are in fear because of the expectation of interest rate hikes in the US. Ongoing high inflation in the US as it recently tops 8.6% in the
Today, the Reserve Bank of India(RBI) has announced its annual report for the year starting from 2021 to 2022. Though the report is fair enough in terms of recovery despite the pandemic persists. But, there may be a high possibility of observing restructuring accounts which may sooner or later face
Sell in May and go away- Important Phrase. May month could be a disaster for the Indian stock market; Don’t forget the important phrase. Nifty and Bank Nifty On the monthly chart, a Nifty future formed a hanging pattern which is a sign of bearishness. A deep consolidation from the
At the close, Nifty concluded lower with 220.60 points or 1.27% and marked at 17,172. For the last two weeks, the market was range-bound thereby trading with a negative bias for traders or investors. Today Bank Nifty opened at 36514.15 and made a high around 36578.95 but was unable to
Once again crypto is looking more stable in comparison with the stock market. The stock price of Netflix hit a major downfall in the last six months. Recently, in the first quarter, the streaming service has lost 2lac users which is quite a disappointing number and could be the prominent
