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 goes down in Asia with API estimates ahead
On Wednesday, oil prices sagged in Asia, with a first weekly data look at the consequences of Hurricane Harvey ahead with industry estimates made by the American Petroleum Institute as well as caution in the financial markets because Hurricane Irma is making its way to Florida.
October delivery crude futures tumbled 0.32% in New York being worth $48.55 a barrel. At the same time Brent futures tumbled 0.49% in London, demonstrating an outcome of $53.12 a barrel.
Overnight, crude futures jumped because Gulf Coast refineries started restarting operations, reacting to the disruptions provoked by Hurricane Harvey the previous week.
Crude prices kept paring losses sustained the previous week, after pipelines, crude refineries and transportation routes across Louisiana and Texas started restarting operation, thus improving American refinery capacity, right after flooding because of Hurricane Harvey shut down approximately a quarter of refinery capacity the previous week.
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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.
