Greece defers Friday’s repayment to IMF

FXStreet (Mumbai) - Greece has decided to delay a €300 million debt repayment to the International Monetary Fund (IMF) due on Friday although Prime Minister Alexis Tsipras signaled on Wednesday after his meeting with European Commission President Jean-Claude Juncker and Eurogroup Chair Jeroen Dijsselbloem that the payment might be made.

IMF's chief spokesman Gerry Rice said in a statement on Thursday, "The Greek authorities have informed the Fund today that they plan to bundle the country's four June payments into one, which is now due on June 30."

Prime Minister Tsipras will address the Greek parliament and brief legislators on negotiations on Friday afternoon.

Jun 5, 2015

OPEC meeting in focus, sell bounces in Brent August contract – TDS

With OPEC set to meet for the first time after its November 2014 meeting, Prashant Newnaha, Strategist at TD Securities, believes the oil cartel might keep the production unchanged, and further suggests selling any bounces in Brent August delivery, targeting $59.50/barrel.

Gold rebounds in Asia

Gold prices on Comex trades higher in the late Asian session, moving away from fresh monthly lows reached at 1172.40 reached in previous session, after the US dollar regained lost ground backed by better than expected US jobless claims report. Markets now await US NFP data for further direction on gold prices.