China considers being the world largest importer of crude oil. On Tuesday, the prices of oil seem steady due to increasing cases of covid-19 in China. Furthermore, worries of fewer consumption of oil arises due to growing number of Covid-19 cases. In an OPEC meet, members cut down the production
Here is the checklist of economic indicators which may drive the market thereby deciding the trend of the market. USD: Core Retail Sales m/m at 7:00 PM Measures: Change in the total value of sales at the retail level, excluding automobiles Released monthly, about 16 days after the month ends
Here is the checklist of economic data which may influence the economic sentiments of the market. EUR: German ZEW Economic Sentiment at 3:30pm Measures: Level of a diffusion index based on surveyed German institutional investors and analysts Released monthly, on the second or third Tuesday of the current month Next
Today we do not have major economic market guide which may impact the market globally. Furthermore, we may expect less volatility in today’s trading session. USD: FOMC Member Brainard Speaks at 10:00 PM Measures: Due to speak about the economic outlook at a Bloomberg news event, in Washington DC. Audience
The global stock market is witnessing a big change in inflation after the US financial market gives signs of a cooling effect. In the past two years, the stock market showed a sharp boost as the inflation report ensured that the condition of the US economy was not the same.
Here is the checklist of economic updates. The movement of market depends upon various factors, emotional sentiments, important news, events, data etc. FOMC Member George Speaks at 12:00am Measures: Due to speak about energy and the economy at the New Energy Landscape conference, in Houston FOMC voting member 2013, 2016,
The prices of crude oil witness losses for four consecutive trading sessions. Furthermore, China being the largest importer of crude raise demand concerns during Covid-19 curbs. China is heading towards zero covid policy which induces stringent lockdowns and social isolation. Moreover, several cities of China is battling with the deadly
Here is the checklist of economic data which may influence the situation of the market. Today we have numerous data so we may expect a high volatility in an evening trading session. USD: FOMC Member Waller Speaks at 12:30pm Measures: Due to speak about central bank digital currencies at Queensland
Silver, the precious white metal, seems to be getting its sheen back. The upward growth of 15% in the past three weeks, has proved to be the metal’s best performance ever as of date. The metal seems to have hit a high and a plateau in the first week of
On Wednesday, the prices of Gold mounted to a one-month high thereby weakening the dollar. Amid US election the sudden demand of the yellow metal surges with an increase in metal prices on broader side. Furthermore, this week dollar weakens and made a low thereby aiding the metal market. If
