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 jumps in Asia
On Thursday, gold added in Asia right after US Justice Department Deputy Attorney General Rod Rosenstein suddenly appointed ex-FBI director Robert Mueller as special counsel just to take over the investigation of Russia's hypothetical interference in the American presidential election.
In New York, June delivery gold futures tacked on 0.13%, trading at $1,260.29 a troy ounce. As for copper futures, they dipped 0.24%, being worth $2.538 a pound.
Overnight, gold futures inched up to a two-week peak because traders poured back into the safe-haven trade, following American political turmoil, while a recent batch of dismal economic data dampened investor hunger for riskier assets.
The US political saga kept dominating market moves for a second-straight day amid news that Trump asked ex-FBI Director James Comey to terminate an investigation into the actions of ex-National Security Advisor Mike Flynn.
The given political saga out of Washington applied pressure on the greenback that underpinned a soar in commodities across the board.
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?
As Europe moves into recession, next week may provide us with some amazing trading opportunities. Here they are!
Main news that will drive the market in the upcoming week include CB Consumer Confidence Index, Canadian GDP, and US Core PCE Price Index
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.