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 OPEC-JMMC Meetings Affect Oil Prices?
Information is not investment advice
What will happen?
OPEC-JMMC meetings will be hosted on Thursday, December 2 during the whole day.
OPEC-JMMC meetings are attended by representatives from the 13 OPEC members and 11 other oil-rich nations. They will discuss a range of issues regarding energy markets and, most importantly, agree on how much oil they will produce.
The last time the global supply was not changed, XBR/USD lost $3.5.
How to trade on OPEC-JMMC meetings?
- If the supply increases, the oil will likely weaken.
- If the supply decreases, the oil will likely strengthen.
Instruments to trade: XBR/USD, XTI/USD.
The US Markit will publish Flash Manufacturing and Flash Services PMIs (purchasing managers' indices) on June 23 at 16:45 GMT+3.
The Fed Chair Jerome Powell will testify on the Semi-Annual Monetary Policy Report before the House Financial Services Committee on June 22-23 at 17:00 GMT+3.
Canada will publish Retail Sales and Core Retail Sales on June 21 at 15:30 GMT+3.