morning brifingfor 11 juli 2024 sona topas

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1. MORNING BRIEFING Wed, June 5 th Alisha Tsuraya Source: (https://www.forex.academy/)

2. 8 OPEC+ member countries led by Saudi Arabia and Russia announced the extension of production cuts of 2.2 million BPD to support oil market stability and balance. Supply cuts begin in October until the end of this year, but other OPEC+ members decided only until the end of the third quarter of 2024. OPEC+ Summary Source: (https://www.CNBC.com/) upward price movements

3. OPEN 76.97 HIGH 77.52 LOW 73.98 CLOSE 74.22 RANGE -2.77 (-3.6%) weekly daily

4. S&P Manufacturing PMI previous = 50.9 forecast = 50.0 actual = 51.3 ISM Manufacturing PMI previous = 49. 2 forecast = 49.8 actual = 48.7 Mon, June 3

5. 1. Oil and energy demand concerns from China 2. Slowing global economic growth 3. US Oil Inventories increased by 3.6 million barrels last week 4. Strengthening USD 5. Geopolitical Uncertainty impact of US sanctions on Iran continued Israel attack on Rafah, escalation of the Israel-Hamas conflict continued Houthi attack on commercial ships in the Red Sea potential escalation with Lebanon and Iran have added to market volatility. influences on CLR

6. Tue, June 4 OPEN 74.02 HIGH 74.13 LOW 72.48 CLOSE 73.25 RANGE -0.97 (-1.31%) JOLTs Job Openings previous = 8.488M forecast = 8.370M actual = 8.059M API Weekly Crude Oil Stock previous = -6.490M actual = 4.052M

7. Wed, June 5 ADP Nonfarm Employment Change previous = 192K forecast = 175K S&P Global Services PMI previous = 51.3 forecast = 54.8 ISM Non-Manufacturing PMI previous = 49.4 forecast = 50.5 Crude Oil Inventories previous = -4.156M

8. Thu, June 6 Unemployment Claims previous = 219K forecast = 215K Trade Balance previous = -69.4B forecast = -69.8B Fri, June 7 Average Hourly Earnings previous = 0.2% forecast = 0.3% Non-Farm Payrolls previous = 175K forecast = 185K Unemployment Rate previous = 3.9% forecast = 3.9% $ $ $ $

9. 72 70 68

10. OPEN 2351.91 HIGH 2352.68 LOW 2315.52 CLOSE 2326.64 RANGE -37.16 XAU