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 tumbles in Asia as hurricane, NKorea risk worries relieve
On Monday, the number one precious commodity sank in Asia, with risk assets taking a breather because Hurricane Irma’s losing intensity and a probable ICBM test by North Korea at the weekend didn’t occur.
December delivery gold futures lost 0.73% in New York offering an outcome of $1,341.33 a troy ounce.
In Florida, Hurricane Irma managed to knock out power to about 2.4 million homes as well as businesses on Sunday, thus threatening millions more as the natural disaster crept up the state's west coast. As a matter of fact full restoration of service will take much time, as local electric utilities informed.
However, after on Sunday Hurricane Irma affected Florida as a dangerous Category 4 storm, which is the second highest level on the five-step Saffir-Simpson scale, experts downgraded it to a Category 2 with sustained winds of about 110 miles per hour.
The previous week, gold grew to the highest value in a year because the greenback was still under pressure amid doubts over a probability of a third Fed rate lift in 2017.
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.