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...
The Australian Dollar (AUD) gains ground for the third successive session on Tuesday. The AUD/USD pair strengthened as the US Dollar (USD) weakened amid rising trade tensions and growing economic concerns in the United States (US). Reserve Bank of Australia (RBA) Assistant Governor (Economic) Sarah Hunter stated late Monday that the central bank will take a cautious approach to rate cuts. The February statement indicated that the RBA board is more conservative than market expectations regarding further easing. Hunter also emphasized monitoring US policy decisions and their impact on...
Oil steadied after a two-day gain, with the outlook for China's economy and geopolitical risk in the Middle East remaining in focus. West Texas Intermediate traded above $67 a barrel after rising by 1.5% over the past two sessions, with Brent closing near $71 on Monday. There were optimistic signals in the world's two biggest crude consumers, with Beijing planning further measures to boost consumption, while US retail sales came in stronger than expected — although they still showed a modest slowdown. Geopolitical concerns also remained at the forefront after US President Donald...
Gold is trading steadily in the early Asian trade, after hitting a record high recently. The precious metal's recent strength comes as no surprise, given rising global economic uncertainty, says Quasar Elizundia, Pepperstone research strategist in a note. The market continues to show a strong appetite for safe-haven assets, especially with the U.S. Federal Reserve's interest rate decision due later this week, Elizundia says. A more dovish stance from Fed Chair Powell could boost non-yielding assets, including gold, Elizundia says. Spot gold is flat at $3,000.58/oz. Source : Dow Jones...
EUR/USD rises to near 1.0900 in North American trading hours on Monday. The major currency pair gains as the US Dollar (USD) drops as investors turn cautious 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, falls to near 103.50. The Fed is almost certain to keep interest rates steady in the current range of 4.25%-4.50%. Therefore, the US Dollar's (USD) outlook will be guided by the Fed's dot plot, which shows where officials see interest rates heading...
DXY dips toward session lows as traders brace for Trump-Putin meeting.US Retail Sales disappoint, reinforcing concerns over economic momentum.Federal Reserve decision looms with markets positioning cautiously.Technical indicators suggest potential stabilization after sharp losses.The US Dollar remains under pressure at the start of the week, drifting lower as investors digest softer-than-expected Retail Sales data and brace for key political developments. On Tuesday, President Donald Trump is set to engage in discussions over Ukraine with Russian President Vladimir Putin. Meanwhile, bond...
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...