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).
Gold heads north in Asia with China CPI ahead
On Monday, gold headed north in Asia with China prices as well as remarks from the Fed Chair later this week to set the overall tone on the greenback.
August delivery gold futures soared 0.11%, trading at $1,211.03%.
On Monday, China is expected to report consumer inflation and producer prices for June with the expected 0.1% dip on-month and also a 1.5% gain observed annually. On year producer prices are supposed to add 5.5%.
In the week ahead, market participants are going to pay attention to Fed Chair Janet Yellen's testimony on monetary policy and American data on retail sales and inflation.
The previous week, gold sank to nearly four-month minimums on Friday after a stronger-than-forecast American jobs report spurred the US currency versus a basket of the other main currencies.
The American economy generated up to 222,000 jobs the previous month as the Labor Department announced, which is more than the 179,000 new jobs expected by financial experts.
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.