The United States (US) Bureau of Labor Statistics (BLS) will publish the 2025 preliminary benchmark revision to the Establishment Survey Data on Tuesday, September 9. The preliminary revision will cover the 12-month period through March 2025 before the final benchmark revision is reported within the employment report of February 2026. "Official establishment survey estimates are not updated based on this preliminary benchmark revision. The final benchmark revision will be incorporated into official estimates with the publication of the January 2026 Employment Situation news release in...
Oil prices slid on Wednesday after Russia agreed to U.S. President Donald Trump's proposal that Moscow and Kyiv stop attacking each other's energy infrastructure temporarily, which could lead to more Russian oil entering global markets. Brent crude futures were down 12 cents, or 0.2%, at $70.44 a barrel by 0106 GMT. U.S. West Texas Intermediate crude (WTI) lost 15 cents, or 0.2%, to $66.75. Russian President Vladimir Putin agreed on Tuesday to stop attacking Ukrainian energy facilities but stopped short of endorsing a full 30-day ceasefire that Trump hoped for. Russia is one of the...
GBP/USD traded thinly on Tuesday, but still inched back into the 1.3000 handle, chalking in a fresh 19-week high ahead of high-impact rate calls from both the Federal Reserve (Fed) and the Bank of England (BoE). The Fed is widely expected to hold steady on rates this week, but a fresh update to the Federal Open Market Committee's (FOMC) interest rate expectations will draw plenty of eyes. The Federal Reserve's (Fed) latest rate call is due on Wednesday. According to the CME's FedWatch Tool, rate markets broadly anticipate the Fed to stand pat on rates for the next two meetings, with the...
EUR/USD surrenders intraday gains after posting a fresh five-month high near 1.0955 in Tuesday's North American session. The major currency pair falls back as the US Dollar (USD) attracts bids ahead of the Federal Reserve's (Fed) interest rate decision, which will be announced on Wednesday. The US Dollar Index (DXY), which tracks the Greenback's value against six major currencies, rebounds from the five-month low of 103.20.According to the CME FedWatch tool, the Fed is almost certain to keep borrowing rates steady in the range of 4.25%-4.50% on Wednesday. This would be the second straight...
The AUD/USD struggles to maintain gains, hovering near the 0.6350 zone as bullish momentum fades.China's economic stimulus provided initial support, but investors turn cautious ahead of key US data.Technical indicators suggest consolidation, with the pair facing resistance near recent highs.The AUD/USD rebound halts near 0.6350 as market caution prevails. The pair lost momentum on Tuesday after initially benefiting from renewed optimism surrounding China's economy. The Australian Dollar found support from Beijing's special action plan to boost household incomes and domestic consumption....
The US Dollar Index edges higher, recovering from earlier losses.Germany plans to inject 0.5 trillion euros into fiscal spending.Geopolitical uncertainty rises as Trump and Putin hold key discussions.Economic indicators show resilience despite market volatility.The US Dollar Index (DXY), which measures the value of the US Dollar against a basket of six currencies, is stabilizing after avoiding a fresh five-month low. Traders react to Germany's significant fiscal expansion while monitoring geopolitical risks linked to ongoing talks between US President Donald Trump and Russian President...
President Donald Trump said he would fire Lisa Cook from the Federal Reserve's Board of Governors if she does not resign her post over mortgage-fraud accusations from a top...
The Reserve Bank of Australia (RBA) maintained its cash rate at 4.1% during its April meeting, holding borrowing costs unchanged after slashing 25 bps in the February meeting, aligning with market...