
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 Friday, oil extended an overnight soar in Asia, with American rig count figures expected to set the overall tone a bit later.
In New York, December delivery gold futures went up 0.48% being worth $54.80 a barrel. At the same time, in London, Brent futures managed to gain 0.15% reaching $60.48 a barrel.
On Thursday, oil settled higher because everlasting OPEC as well as non-OPEC output drops, powered hopes that global crude market rebalancing was already approaching.
Saudi Arabia kept cutting crude output because in October crude inventories went down considerably, while compliance with the OPEC-led initiative to tame output had appeared to be excellent.
Saudi Arabi expressed a desire to keep conducting output curbs, stressing that OPEC should ensure stockpiles keep falling beyond March.
Market participants are going to closely watch crude rig data slated for Friday just to get a deep insight into American crude output and demand.
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?
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.
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.
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.
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