
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).
On Tuesday, oil surged in Asia because China's Caixin manufacturing index demonstrated a shocking July revenue, thus underlying demand prospects.
In New York, September delivery crude futures grew 0.12% trading at $50.23 a barrel. Besides this, in London, Brent crude futures rallied 0.08% hitting $52.76 a barrel.
On Tuesday, the Caixin manufacturing PMI reached 51.1, which is a better than expected outcome compared to the previous reading of 50.4.
Market participants estimate crude inventories slid 2.9 million barrels for the last week, while distillates went down 225,000 barrels and gasoline stocks tumbled 1.050 million barrels.
Overnight, oil futures grew because market participants appreciated news of a producers’ gathering slated for next week as well as probable sanctions from America versus Opec-member Venezuela.
The soar in oil futures came after weeks of bearish sentiment weighed on prices to decline under $42 a barrel amid worries that ascending American crude stockpiles would undermine Opec as well as its allies’ attempts to tame the glut in the supply.
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).
The Organization of Petroleum Exporting Countries will hold a meeting on June 2.
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?
Today's main event for the markets is the FOMC Interest Rate Decision, where the US regulator is widely expected to keep the interest rate at the same level of 5.5%.
In today's market insights, we delve into Citibank's oil price predictions, the evolving competition between Huawei and Apple, the Saudi Arabia-Tesla partnership, and the upcoming rate decisions from the world's major central banks.
It will be the hottest week of September, with four central banks’ meetings, five PMI releases, and a lot to trade.
FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.
Your request is accepted.
A manager will call you shortly.
Next callback request for this phone number
will be available in
If you have an urgent issue please contact us via
Live chat
Internal error. Please try again later
Don’t waste your time – keep track of how NFP affects the US dollar and profit!