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 rallies in Asia on renewed North Korea tensions
On Tuesday, gold soared in Asia, with risk increased because Donald Trump accused North Korea of being a state sponsor of terrorism.
December delivery gold futures tacked on 0.36% trading at $1,279.92 a troy ounce.
Overnight, the number one precious metal went down because a tumble in the common currency amid strengthening political uncertainty in Germany pushed the greenback to a nearly one-week maximum, thus dampening demand for gold.
On Monday, Chancellor Angela Merkel told that she would opt for new elections rather than lead a minority government after negotiations to form Germany’s next government failed overnight.
It generated worries over Merkel’s future leadership position, putting pressure on the euro, while backing an uptick in the evergreen buck to trade higher against a basket of major currencies.
As the Fed’s December 12-13 gathering is getting closer, there’re strong expectations that the US major financial institution will lift rates.
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?
Today's main event for the markets is the FOMC Interest Rate Decision, where the US regulator is widely expected to keep the interest rate at the same level of 5.5%.
In today's market insights, we delve into Citibank's oil price predictions, the evolving competition between Huawei and Apple, the Saudi Arabia-Tesla partnership, and the upcoming rate decisions from the world's major central banks.
It will be the hottest week of September, with four central banks’ meetings, five PMI releases, and a lot to trade.