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).
How will Brent React to Crude Oil Inventories?
Information is not investment advice
What will happen?
Crude oil inventories will be announced at 17:30 MT (GMT+3) on Wednesday, September 29.
The indicator presents a change in the number of barrels of crude oil held in inventory by commercial firms during the past week. It measures supply and demand imbalances in the market, which can lead to changes in production levels and price volatility.
Last time the result was lower than the expectations, as the result XBR/USD gained $1.2.
How to trade on Crude oil inventories data?
- If the indicator is greater than forecast, the XBR/USD is likely to fall.
- If the indicator is lower than forecast, the XBR/USD is likely to rise.
Instruments to trade: XBR/USD, XTI/USD
All eyes on Crude oil inventories data!
Open the XBR/USD chart and follow the event on Wednesday at 17:30 MT!
The most impactful releases of this week will fill the market with volatility and sharp movements.
Happy Tuesday, dear traders! Here’s what we follow:
Labor Market and Real Estate Market data was published yesterday. Markets are slowing down, so the economy is in recession. Today the traders should pay attention to the Retail sales in Canada.