Economic updates: Volatility may persist till an upcoming FED meet

Today we have two major economic updates which may influence the market. Furthermore, volatility may persist till an upcoming FED meet. 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

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Significant events: All eyes on manufacturing index

Here is the list of significant events which may create volatility in the market. Furthermore, data on manufacturing index comes with vital importance. 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 16 days

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Today’s major event: GBP – GDP q/q at 11:30 AM

Today we do not have any major event which may influence the market. GBP : GDP q/q at 11:30 AM Measures: Change in the total value of all goods and services produced by the economy Released monthly, about 40 days after the month ends Next Release Oct 12, 2022 It’s

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Economic Updates: Last trading session for the week

Here is the list of economic updates. Today is Friday, the last trading session for the week. Lets see how market responds to the data today. EUR: ECB President Lagarde Speaks at 3:00 PM Measures: Due to hold a press conference at the Eurogroup Meetings, in Prague ECB President Nov

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China swinging economy: Covid-19 lockdowns disrupt business activity

China witnessed the fastest dip in property sales as compared to the last forecast made. Furthermore, the residential property in China is damping down this year. Hence, home buyers are remaining cautious as economists or predictors are expecting the biggest fall in home prices in the current year i.e. 2022.

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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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Economic events: All eyes on today’s closing

Here is the list of economic events. Today is the last trading session of the week thereby seems volatile but still all eyes on today’s closing. USD: 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

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Specific Events: Forecast Data may create pressure in Bullions

Here is the checklist of specific events. We may witness downside pressure in the precious metals in the coming days ahead. GBP: Construction PMI at 2:00 PM Measures: Level of a diffusion index based on surveyed purchasing managers in the construction industry Released monthly, on the second business day after

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