Metals slipped after the fed statement on Friday. Fed is eager to hike more interest rates in the month of September to control inflation. We expect metals to create more downside panic in days to come. Metal was unable to breach its resistance and slipped; Looks weak on the daily
On Tuesday, the prices of crude oil surged nearly 4 percent. Moreover, today the market for crude oil prices opened in the red due to showing concerns about supply constraints. Precisely, the oil prices rose 4 percent soon after Saudi Arabia circulated the clue of OPEC+ about diminishing the output
Economic Indicators: USD Core PCE Price Index m/m at 6:00 PM Measures: Change in the price of goods and services purchased by consumers, excluding food and energy Released monthly, about 30 days after the month ends Next Release Date Sep 30, 2022 This differs from Core CPI in that it
Here is the list of major economic updates. All eyes on home sales and crude oil inventory. USD: Core Durable Goods Orders m/m at 6:00 PM Measures: Change in the total value of new purchase orders placed with manufacturers for durable goods, excluding transportation items Released monthly, about 26 days
Here is the checklist of specific events for today. Be cautious because we have a number of specific events which might create volatility in the market. EURO: French Flash Services data at 12:45 AM Measures– level of a diffusion index based on surveyed purchasing managers in the services industry Released
Read our weekly commodity samachar and make yourself aware about the next trading session. 📌Due to the recovery in the US economy, there was pressure on gold and silver. Crude oil has bounced from lower levels but weekly closing is in the red mark. 📌This week, the focus of traders
After a big dip in prices, silver regained its importance and currently trading around 55667. India is the leading consumer of silver thereby hitting a record of 8200 tonnes. Moreover, demand in India is boosting up which is ultimately providing support to its prices. Recently, the FED meeting took place
Today we do not have any major economic data. Weekly closing is important for the next trading session. GBP: Retail Sales m/m at 11:30 AM Measures: Change in the total value of inflation-adjusted sales at the retail level Released monthly, about 20 days after the month endsNext Release Date Sep
Here is the checklist of specific events. Moreover, the forecast figure may create volatility in the market. USD: Philly Fed Manufacturing Index at 6:00 PM Measures: Level of a diffusion index based on surveyed manufacturers in Philadelphia Released monthly, on the third Thursday of the current monthNext Release Sep 15,
Here is the list of economic events. Today we have major events but still retail sales are more significant for US Economy. GBP: CPI y/y at 11:30 AM Measures: Change in the price of goods and services purchased by consumers Released monthly, about 16 days after the month endsNext Release
