1️⃣ Yesterday's main news
- Yellen's speech caused a huge volatility of gold.
- International oil prices rose to the highest level in 1.5 months.
- Fed officials: slightly higher interest rates could be a good thing.
- The United States introduces new immunization targets.
- US trade deficit continued to set a record in March.
The Reserve Bank of Australia kept interest rates unchanged, revealing the big decision in July.
- Small non-farm data released tonight.
2️⃣ Facts and important data today
- Focus on US economic data today:
- Today the US will announce the number of ADP jobs for April. The expected value is 810,000, much higher than the previous value of 517,000. The market generally expects that job data will be good.
- Today US Markit services PMI data will be released in April. The US ISM production data released on Monday did not meet expectations, which has caused shocks in the gold market.
- Today and tomorrow morning, the 2021 FOMC Voting Committee and Chicago Fed President Evans will deliver a speech on the current economic situation and monetary policy. You may pay attention to his statement.
- On the oil market, EIA crude oil inventory data for the week from the US to April 30 will be released today. Earlier this morning, API data fell more than expected, and oil prices increase in the short term. time.
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