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...
Asian currencies mostly weaken against the dollar in the morning session ahead of the three-day Jackson Hole symposium that starts Thursday. Traders are seemingly squaring their books ahead of Fed Chair Powell's speech at the symposium on Friday, StoneX's Matt Simpson says in a commentary. This could prove to be a volatile event, given Jackson Hole has been used as a platform for the Fed to outline longer-term policy adjustments, the senior market analyst says. USD/KRW rises 0.3% to 1,397.00, USD/THB adds 0.2% to 32.61, and AUD/USD edges 0.1% lower to 0.6444, LSEG data show. Source: Dow...
Gold held a small decline ahead of a key address by Federal Reserve Chair Jerome Powell later this week, which may give fresh clues on the central bank's monetary path. Bullion traded at around $3,315 an ounce early in Asia, holding a 0.5% decline from the previous session after the latest efforts to halt the Russia-Ukraine war impacted haven demand. Attention is turning to Powell's annual address at Jackson Hole, Wyoming, on Friday, amid strong expectations the Fed will cut borrowing costs by a quarter point next month. Lower rates are beneficial for gold...
Oil steadied after a report signaled a decline in US stockpiles, while investors weighed the outlook for Ukraine-Russia truce talks. Brent traded near $66 a barrel after falling 1.2% on Tuesday, while West Texas Intermediate was below $63. The industry-funded American Petroleum Institute reported crude inventories fell by 2.4 million barrels last week, according to people familiar with the figures. Official data is due later Wednesday. The market is keeping close tabs on progress toward a ceasefire to the war in Ukraine following a series of high-level...
EUR/USD consolidates during the North American session above the 1.1600 figure as traders await the Federal Reserve (Fed) Chair Jerome Powell's speech at Jackson Hole, alongside the outcome of the Ukraine-Russia conflict solution. The pair trades at around 1.1640, down 0.12% at the time of writing. The economic docket in the United States (US) featured housing data on Tuesday, which was mainly ignored by investors. Last week's inflation figures on the consumer and producer side generated a two-way pricing for a Fed rate cut. Initially, after the Consumer Price Index (CPI) release, some...
Gold price tumbles on Tuesday as the Greenback extends its minimal gains for the second straight day, while geopolitical developments suggest that a positive outcome of the US President Trump meeting with Putin, Zelenskiy and European leaders could put an end to the ongoing war. XAU/USD is trading at $3,317. Rumors of a possible de-escalation of the Ukraine–Russia conflict weighed on Bullion prices, which usually benefit from global uncertainty. Last Friday, the meeting between US President Donald Trump and his Russian counterpart, Vladimir Putin, prepared the ground for a possible...
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...