In the last trading session, the Indian equity market traded 1 percent down amid growing global inflation. Furthermore, a hike in inflation with weak GDP data fuels the fears of rising interest rates by the central bank in the upcoming meet. Nifty It stocks are entering into the bullish zone
The prices of crude oil are continuously tumbling down for the past two weeks. Furthermore, yesterday the inflation index rose to 1.3 percent which is endlessly creating pressure on the prices of bullion and base metals. The dollar index is at its 20-year high whereas the US inflation index is
Today, we have a list of various economic forecasts. Furthermore, US CPI comes with maximum importance. If the inflation number rises then we may see a downside panic in the market. GBP : GDP m/m at 11:30 AM Measures: Change in the total value of all goods and services produced
GBP: BOE Gov Bailey Speaks at 7:45 PM Measures: Due to Testifying on the Bank of England Financial Stability Report before the Treasury Select Committee, in London Next Release Jul 12, 2022 BOE Governor Mar 2020 – Mar 2028. Volatility is often experienced during his speeches as traders attempt to
The economy of the US is heading towards recession thereby deteriorating the economic health of the country. There were fears circulating around that country may face recession mode soon if inflation is not controlled. Yesterday, at FOMC meet, the officials announced that there would be a hike in interest rates
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
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
There were rumours traveling around about Silver that the import duty in India hiked. But please traders, beware of this fake news. Till now, we did not receive any authenticated information about the import duty of silver. Though on Friday, the import duty on gold rose by 5 percent and
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,
