Market Update

Market Watch

Monday, 29 July 2013

Mcx Bullion Market Tips On Mobile

Next week (starts from July 29), gold traders are expected to eye on Federal Open Market Committee (FOMC) meeting, US second quarter GDP data and Employment reports.

Also, European Central Bank (ECB), Bank of England are scheduled to hold their policy meetings next week. The yellow metal traders would try to gather clues from the minutes and data releases for their further trading.

US ADP Nonfarm Employment Change (The ADP National Employment Report) and quarterly data on Gross Domestic Product (GDP) are scheduled to be released at 05.45 and 06.00 PM IST on Wednesday.

A two day, FOMC meeting is scheduled to be held on Tuesday and Wednesday while Governing Council meeting of the ECB is expected to held in Frankfurt on Thursday at 05.15 PM IST.

Institute of Supply Management (ISM) is expected to release its manufacturing index at 07.30 PM IST on Thursday.

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