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).
In Asia crude shows further revenues on Trump’s Korea comments
On Friday, in Asia, crude extended revenues, following Donald Trump’s comments on North Korea, setting the stage to risk-on for many financial assets. Meanwhile, traders shifted their attention to next month’s supply figures from OPEC as well as the Paris-based International Energy Agency.
In New York, June delivery rude futures leapt 0.90%, being worth $49.41 a barrel. Simultaneously, in London Brent futures showed $52.03 a barrel.
Overnight, crude futures headed south, suppressed by a soar in global output after two of Libya’s major oilfields resumed output.
Libya’s Sharara as well as El Feel oilfields, generating 390,000 barrels per day, have restarted as protests blocking pipelines stopped.
The restart of major Libyan crude fields came just a day after the Energy Information Administration published a report, unveiling a greater than expected drawdown in American crude inventories.
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 Japanese yen fell to its lowest level against the US dollar in 33 years. Read the full report to learn the next target for USDJPY!
The US stock market fell in the third quarter. What's going on and why economists think that the last quarter will be better? Let's discuss it all here.
BlackRock CEO forecasts the Fed may have to raise rates further. The US dollar index (DXY) gains 130 points today. Read the full report to get more fresh news and technical analysis!