The US Payrolls Bring New Hope for Gold
The Us Bureau of Labor Statistics will release monthly average hourly earnings, non-farm employment change (NFP), and unemployment rate on June 3, 15:30 MT time (GMT+3).
Crude drops on failed North Korean missile test
On Monday, crude sagged in quiet trading after the three-day Easter break, following signs that the United States keeps adding output, thus undermining OPEC efforts to back prices, and as the financial markets reacted to North Korea's failed missile launch on Sunday.
Benchmark Brent crude futures slumped 49 cents, being worth $55.40.
American West Texas Intermediate crude futures declined 47 cents, hitting $52.71 a barrel. On Thursday, they rallied 7 cents, being worth $53.18.
The previous week both benchmarks soared for a third consecutive week, with Brent inching up 1.2% for the four days before the Good Friday holiday and WTI gaining 1.8%.
This week the financial market was subdued to start with key trading center London unavailable for a holiday. Financial markets keep digesting geopolitical tensions over North Korea, after its recent attempted launch of a ballistic missile. The projectile exploded nearly immediately.
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The OPEC Meeting May Push Oil to $150
The Organization of Petroleum Exporting Countries will hold a meeting on June 2.
Russian Oil Got Banned from Market
This week started with the talk of the United States banning Russian oil exports, so XBR/USD saw $130 a barrel. Then the ban became reality. What does it really mean for the market?
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Increased Volatility is Coming
The Reserve Bank of Australia (RBA) will make a statement and release a Cash Rate on February 7, 05:30 GMT+2. It's among the primary tools the RBA uses to communicate with investors about monetary policy.
Market Crash Incoming?
This week may be the most important since the year started as the Fed assess the economic outlook and the US presents fresh NFP readings.
What Currency Will Overperform?
S&P Global, a private banking company, will release a monthly change in British Flash Manufacturing Purchasing Managers Index (PMI) on January 24, 11:30 GMT+2. The index is a leading indicator of economic health as businesses react quickly to market conditions, and purchasing managers hold the most current and relevant insight into the company's view of the economy.
