Essential market developments, central bank decisions, inventory figures, and economic triggers decoded for Indian commodity traders.
Gold prices consolidated near historic highs with strong underlying physical demand across Asian markets. Sustained geopolitical hedging and expectations of global monetary easing continue to provide firm support on any technical pullbacks towards the ₹86,100 pivot zone.
West Texas Intermediate (WTI) and MCX Crude futures traded in a tight ₹6,150 - ₹6,280 corridor. Market analysts are closely watching today's US Energy Information Administration (EIA) crude petroleum inventory release, with consensus projecting a modest stock build of 1.4 million barrels.
The Indian Rupee remained in a tight band against the US Dollar supported by timely central bank dollar absorption and healthy foreign remittances. Importers are advised to hedge near-term obligations while exporters can lock forward rates on rallies above 87.10.
Mark these high-volatility events in your trading schedule. Expect sharp price expansions during releases.
| Time (IST) | Country / Currency | Economic Event / Indicator | Impact Level | Consensus / Forecast | Previous |
|---|---|---|---|---|---|
| 08:00 PM | 🇺🇸 USD | US EIA Weekly Crude Oil Inventories | HIGH IMPACT | +1.4 M | -2.1 M |
| 08:00 PM | 🇺🇸 USD | US EIA Natural Gas Storage Change | MEDIUM IMPACT | -45 Bcf | -52 Bcf |
| Tomorrow 06:00 PM | 🇺🇸 USD | US Non-Farm Payrolls (NFP) & Unemployment | CRITICAL IMPACT | 165 K | 150 K |
| Friday 11:30 AM | 🇮🇳 INR | RBI Monetary Policy Committee (MPC) Rate Decision | HIGH IMPACT | 6.50% (Hold) | 6.50% |
| Friday 07:00 PM | 🇪🇺 EUR | Eurozone Core CPI Inflation (YoY) | MEDIUM IMPACT | 2.7% | 2.8% |