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 slumps after strong third quarter as September OPEC output goes up
On Monday, crude sank, pausing for breath having posted 20% profits in the third quarter, after a poll pointed to a moderate soar in OPEC output in September.
American crude futures CLc1 lost 0.3% being worth $51.54 a barrel. On Friday, the American benchmark demonstrated its strongest quarterly revenue since the second quarter of last year and the longest streak of weekly profits since January.
Meanwhile, December delivery Brent oil futures dipped 0.4% trading at $56.57 a barrel. On Friday, November delivery Brent futures concluded 13 cents higher reaching $57.54 a barrel, showing a third-quarter revenue of approximately 20%, which is the greatest gain for five quarters. It happened to be the most impressive third-quarter soar since 2004.
The previous week Brent futures hit its highest value for more than two years and reported its fifth consecutive weekly profit. Apparently, it appeared to be the contract’s longest weekly bull run since June last year.
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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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Assets Won’t Survive This Week
As Europe moves into recession, next week may provide us with some amazing trading opportunities. Here they are!
Post-Fed Releases for USD & CAD Traders
Main news that will drive the market in the upcoming week include CB Consumer Confidence Index, Canadian GDP, and US Core PCE Price Index
FED and BOE Make Another Attempt to Beat Inflation
The Federal Reserve (Fed) will announce its Interest Rate Decision and make a statement about the future monetary policy on Wednesday, September 21, GMT+3. After the higher-than-expected inflation numbers published on September 13, there’s almost no doubt the Federal Reserve will come up with another 75-basis-point rate hike. However, surprised by the CPI numbers, several Fed members announced the possibility of a 100-basis-point rate hike on Wednesday.
