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 USD/CHF pair attracts some sellers to around 0.8845 during the early European session on Monday. US President Donald Trump's unpredictable trade policy and a series of weak US economic data weigh on the US Dollar (USD) against the Swiss Franc (CHF). Later on Monday, the US February Retail Sales data will be published. Optimism that the Trump administration would boost the economy turned into concerns that his trade policies might spark a recession. Data released on Friday indicated that the US Consumer Sentiment Index fell to a nearly 2-1/2-year low in March, but inflation expectations...
Oil prices traded higher on Monday after the United States vowed to keep attacking Yemen's Houthis until the Iran-aligned group ends its assaults on shipping. Brent futures rose 41 cents or 0.6%, to stand at $70.99 a barrel by 0336 GMT, while U.S. West Texas Intermediate crude futures rose 40 cents, or 0.6%, to $67.58 a barrel. The U.S. airstrikes, which the Houthi-run health ministry said killed at least 53 people, are the biggest U.S. military operation in the Middle East since President Donald Trump took office in January. One U.S. official told Reuters the campaign might run for...
Gold rose above $2,980 per ounce on Monday, hovering near record levels, amid strong safe-haven demand. Fresh geopolitical risks bolstered bullion prices after the U.S. stated it would continue strikes against Yemen's Houthis until they stop attacks on shipping in the Red Sea. Additionally, concerns over an escalating trade war, fueled by exchanges of tariffs between the U.S. and its major trading partners, further strengthened gold's safe-haven appeal. Robust demand from ETFs and sustained central bank purchases also supported prices, with China extending its gold acquisitions for a...
The US dollar index hovered around 103.7 on Monday, hovering close to five-month lows as trade uncertainties and mounting economic concerns in the US weighed on the currency. Data released on Friday showed that US consumer confidence dropped to an over two-year low in March and inflation expectations soared as President Donald Trump's escalating tariffs stoked economic concerns. Investors now await US retail sales data on Monday to gain insight on consumption trends. Markets also looked ahead to the latest Federal Reserve policy decision on Wednesday, where it is widely expected to hold...
The Australian Dollar (AUD) remains steady against the US Dollar (USD) following the release of China's economic data on Monday. Additionally, the AUD/USD pair gained ground as the US Dollar (USD) edges lower ahead of Retail Sales data release later in the North American session. China's retail sales grew by 4% year-over-year in January-February, improving from December's 3.7% increase. Meanwhile, industrial production rose 5.9% YoY during the same period, exceeding the 5.3% forecast but slightly lower than the previous reading of 6.2%. The AUD could gain ground as China unveiled a special...
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...