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...
Silver (XAG/USD) prices surged sharply near $32.50 during the European session on Tuesday (3/11). The white metal strengthened as the US Dollar (USD) faced a sharp sell-off, with investors cautious about the US economic outlook amid President Donald Trump's tariff agenda. The US Dollar Index (DXY), which tracks the Greenback against a basket of six major currencies, fell near 103.35, the lowest level seen in four months. A lower US Dollar makes precious metals, such as Silver, more attractive to investors. Market participants are concerned that President Trump's tariff policies will lead to...
Gold (XAU/USD) prices rose to an intraday high during the early European session (11/3) and is now looking to build on its intraday positive move beyond the $2,900 level. Ongoing concerns about the potential economic impact of US President Donald Trump's trade tariffs and geopolitical risks turned out to be key factors that continued to underpin the safe-haven bullion. Additionally, the prevailing risk-off environment and sustained US Dollar (USD) selling further benefitted the precious metal. Investors now seem convinced that a tariff-driven slowdown in US growth could force the Federal...
The British pound (GBP) turned sideways after a strong rally in more than a month around 1.2900 against the US dollar (USD) in European trading hours on Tuesday (3/11). The GBP/USD pair traded firm as the US Dollar Index (DXY), which tracks the greenback against a basket of six major currencies, struggled above a four-month low of 103.45 ahead of the US Consumer Price Index (CPI) data for February, due for release on Wednesday. Investors will be watching the US inflation data as it will influence market speculation over the Federal Reserve's (Fed) monetary policy outlook. Year-on-year...
Oil prices pared earlier losses to inch up during trade on Tuesday, despite concerns over a potential U.S. recession, the impact of tariffs on global growth and as OPEC+ sets its sight on ramping up supply. Brent futures edged up 18 cents, or 0.3%, to $69.46 a barrel at 0640 GMT after falling in early trade. U.S. West Texas Intermediate crude futures rose 9 cents, or 0.1%, to $66.12 a barrel after previous declines as well. Despite the market noise, Brent at around $70 a barrel is quite a strong support and oil prices may look to stage a technical bounce at current levels, said Suvro...
Gold price (XAU/USD) struggles to capitalize on its modest intraday bounce from a one-week low and remains below the $2,900 mark through the Asian session on Tuesday. The uncertainty surrounding US President Donald Trump's trade policies and their impact on the global economy continues to weigh on investors' sentiment. This, in turn, assists the safe-haven bullion to attract some intraday dip-buyers near the $2,880 region. Moreover, the prevalent US Dollar (USD) selling bias, fueled by speculations that a tariff-driven slowdown in US growth might force the Federal Reserve (Fed) to cut...
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...