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 sinks in Asia with markets waiting for clues from Fed
On Monday, gold dived in Asia, with financial markets waiting for the Fed comments this week after it reviews its interest rates.
February delivery gold futures gained 0.11% showing a reading of $1,249.80 a troy ounce in New York.
This week the Fed is generally expected to raise its rates approximately by a quarter point.
The previous week on Friday, gold edged down to a four-month minimum low and reported the largest weekly dive since May after Friday’s stronger-than-anticipated American jobs report underlined hopes for a rate lift by the Fed at its upcoming gathering.
In November, the American economy generated up to 228,000 jobs, according to the Labor Department. The given outcome exceeded the 200,000 estimate by financial experts, while the unemployment rate was intact at 4.1% for a second consecutive month.
In the USA wages gained 0.2% for the month as well as 2.5% from 2016 that happened to be below estimates of respectively 0.3% and 2.7%.
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.