Don’t waste your time – keep track of how NFP affects the US dollar!
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OPEC-JMMC is holding a meeting on April 28 all day long.
That’s one of the key meetings of the oil cartel as the previous one surprisingly revealed their plans to gradually start increasing the supply. However, OPEC+ members had agreed to meet at the end of April to review the situation and check if the global oil demand dynamics are indeed following the previous projections. If the forecasts prove to be correct and the oil supply increase plans are confirmed, that may serve as an indication that the cartel is optimistic about the current oil market dynamics. Otherwise, if the outlook doesn’t encourage optimism, OPEC+ may revise its plan for the oil supply boost.
If the OPEC+ reveals no change to its oil supply plans, it’ll be a positive sign of the global oil demand recovery. In this case, the oil price will likely stay around the same level it’s been trading at lately. A revision of the plan will likely push the price upwards as it would mean that the cartel is planning to hold the increase in the supply quantities.
Instruments to trade: WTI oil; Brent oil
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.
OPEC-JMMC meetings will be hosted on Thursday, December 2 during the whole day.
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.
United States Bureau of Labor Statistics will release monthly average hourly earnings, non-farm employment change (NFP), and unemployment rate on October 8, 15:30 GMT+3.
What will happen? Crude oil inventories will be announced at 17:30 MT (GMT+3) on Wednesday, September 29…
Australia will release employment change and the unemployment rate on Thursday, at 02:30 MT time.
The Federal Open Market Committee (the part of the Federal Reserve) will publish its Meeting Minutes on February 16, at 21:00 MT time.
The United States will publish the producer price index (PPI) on February 15, at 15:30 MT time.
Last week was very interesting for the markets, as we saw the releases of the US Inflation and Disney’s earnings report. So let's see what we should await this week!
The volatility that the markets experienced last week promises the second tidal wave! What should your favorite assets anticipate during the first week of February?