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 Pound Sterling (GBP) ticks higher to near 1.2415 against the US Dollar (USD) in Monday's European session. The GBP/USD pair is marginally higher even though the US Dollar Index (DXY), which tracks the Greenback's value against six major currencies, is up almost 0.2%, which indicates significant strength in the Pound Sterling. The DXY Index gains as investors turn cautious about renewed global trade war tensions. US President Donald Trump threatened to raise 25% tariffs on steel and aluminum imports and impose reciprocal tariffs on nations he saw as engaging in unfair trade...
Oil prices ticked higher on Monday, rebounding after declines last week on concerns about a global trade war, as investors appeared to shrug off U.S. President Donald Trump's latest threat, this time on steel and aluminium imports. Brent crude futures was up 74 cents, or 1%, to $75.40 a barrel by 0938 GMT while U.S. West Texas Intermediate crude also climbed 1%, or 72 cents, at $71.72 a barrel. The market posted its third consecutive weekly decline last week on concerns about a global trade war. Source: Reuters
The US dollar rose Monday after US President Donald Trump threatened to levy new tariffs on metal imports, prompting demand for the safe haven, while the euro retreated. At 04:00 ET (09:00 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.2% higher to 108.140. Dollar gains on trade war fears Concerns about a potential global trade war were raised Monday after President Trump said he will announce new 25% tariffs on all steel and aluminium imports into the US later on Monday. The US president also said he will impose reciprocal tariffs...
EUR/USD recovers above 1.0300 in Monday's European session after a weak opening around 1.0280. The major currency opened on a weak note as investors rushed to the safe-haven fleet on renewed United States (US) President Donald Trump's tariff fears. The US Dollar Index (DXY), which tracks the Greenback's value against six major currencies, gives up majority of its intraday gains and wobbles around 108.20. However, the outlook of the USD Index remains firm on renewed fears of a global trade war. Over the weekend, President Trump threatened to raise 25% tariffs on imports of steel and...
Gold price (XAU/USD) retains its bullish bias through the first half of the European session on Monday and touches a fresh all-time high, around the $2,896-$2,897 region in the last hour. Concerns about the potential economic fallout from US President Donald Trump's tariffs and escalating US-China trade tensions continue to boost demand for the safe-haven bullion. Moreover, concerns that Trump's protectionist policies would reignite inflation in the US turn out to be another factor that benefits the precious metal's status as a hedge against rising prices. Meanwhile, the US Dollar (USD)...
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...