
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?
On Thursday, gold extended a mild revival in the face of mixed American data as well as a stock market stabilizing near record maximums.
On the Comex exchange, June delivery gold futures were nearly intact, sticking with $1,278.95 a troy ounce.
The yellow metal has gained 1% from the fresh minimum for this year that it reached earlier this week. Nevertheless, momentum is still limited because a pack of healthy earnings reports from America keeps risk appetite fed enough.
Gold’s lack of movement on Thursday dropped a hint at opposing moves in American stocks. As a matter of fact, Dow stocks generally dived, while upbeat earnings from Microsoft and Facebook improved risk sentiment in tech.
Following an initial knee-jerk reaction, the yellow metal along with other financial markets neglected Thursday’s economic data.
In March, American durable goods orders reported their best gain for eight months, thus underlining America’s recent role as an economic pillar of strength ahead of first quarter surge data out on Friday.
As follows from weekly jobless claims, the labor market slumped a bit. The previous week US citizens who filed for employment benefits tacked on by the most for 19 months. By the way, it happens to be a rebound from their lowest value level since 1969, reported the previous week
As for other metals, silver futures headed south by about 0.2% concluding the trading session at $14.893 a troy ounce.
As for palladium futures, they went down by about 0.2% trading at $1,402.65 an ounce. Aside from that, platinum futures decreased by 0.8% hitting $881.80.
Copper slipped by almost 1.1% ending up with $2.877 a pound.
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?
For a long time, traders considered American Non-farm Payrolls (NFP) the most important release in the market. However, the situation has changed. Now US CPI moves financial markets.
United States Bureau of Labor Statistics will release monthly average hourly earnings, non-farm employment change (NFP), and unemployment rate on November 5, 14:30 GMT+2.
Don't miss our new digest with the most important events for the next week.
China's activity is recovering, US stocks and other news!
News is always essential. Especially when we speak about the FOREX market. What is the most important information for today? Let's see together.
FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.
Your request is accepted.
A manager will call you shortly.
Next callback request for this phone number
will be available in
If you have an urgent issue please contact us via
Live chat
Internal error. Please try again later
Don’t waste your time – keep track of how NFP affects the US dollar and profit!
Beginner Forex book will guide you through the world of trading.
We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.