The Organization of the Petroleum Exporting Countries and 10 additional oil-exporting countries, including Russia, will hold a videoconference on July 1.
Gold breaks $1,800!
Information is not investment advice
The US jobless claims are less than expected, and the labor market appears to be on a steady recovery path. In the meantime, the global virus update doesn't leave much room for optimism - developing nations are struggling to provide enough beds to infected people. Moreover, the relations between the West and China are becoming tenser - as a result, gold is breaking $1,800! What to do now? Don't catch the flying knife: wait for a correction!
Optimistic forecasts on oil prices, nuclear talks with Iran, and upcoming OPEC+ meeting. How to trade oil these days?
OPEC-JMMC Meetings take place on June 1 during the day.
Quadruple witching is gone and now there are no reasons for the market to hinder. From banks statements and economic data to gas storage reading and Fed’s Powell speech – get ready for active trading.
The US showed strong retail sales for August despite the spread of the Delta virus strain. As a result, the US dollar rocketed and gold dropped by 2286 points in half an hour after the release.
The United States will release MoM Retail Sales data on September 16, 15:30 GMT+3.