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 markets are steady
On Friday, crude markets moderately declined, but generally remained intact, underpinned by everlasting supply cuts as well as strong demand that have resulted in a tightening market. However, the prospect of ascending American output capped oil prices.
Brent crude futures showed $63.76 per barrel, sliding 17 cents from its previous close.
Meanwhile, American West Texas Intermediate crude futures hit $57.07 a barrel, losing 10 cents. Although the benchmark stood near this week's more than two-year maximum of $57.92 a barrel.
The high prices were caused by efforts led by the Organization of the Petroleum Exporting Countries as well as Russia to tighten the crude market by simply withholding supplies and firm demand and jumping political tensions.
The strong crude demand is quite visible in Southeast Asia, exactly where the number of tankers holding crude in storage around Malaysia and Singapore has halved since June.
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.