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...
EUR/USD is steady in a tight range around 1.0400 during the European session on Friday (7/2) as the US Dollar (USD) trades cautiously ahead of the US (US) Nonfarm Payrolls (NFP) data for January, due to be published at 13:30 GMT. The US Dollar Index (DXY), which tracks the greenback against a basket of six major currencies, is fluctuating around 107.80. Economists expect the US economy to have added 170,000 jobs, down from 256,000 in December. The Unemployment Rate is expected to remain steady at 4.1%. The official employment data is expected to drive market speculation about how long the...
The AUD/USD pair moved up in the European session on Friday (7/2) but continues to face pressure near 0.6300. The Australian currency pair moved sideways as investors await the US Nonfarm Payrolls (NFP) data for January, due to be published at 13:30 GMT. Market participants will be closely focused on the employment data, which will provide clues on how long the Federal Reserve (Fed) will keep interest rates steady between 4.25% and 4.50%. The US economy added 170,000 jobs last month, down from 256,000 in December, according to estimates. The Unemployment Rate is expected to remain steady...
Crude oil prices rose early Friday, but remain on track for a third straight week of declines as U.S. President Donald Trump's tariff announcements and a potential trade war with China weigh on the market. Brent crude gained 0.7% to US$74.81/barrel and West Texas Intermediate crude increased 0.7% to US$71.07/b at last look. Oil prices found some support from the U.S. Treasury's announcement of new sanctions on a few individuals and tankers helping to ship Iranian crude to China, Reuters said in a Friday report. "Oil prices saw some stability return this morning following a volatile...
Gold's price (XAU/USD) edges higher and trades back up near $2,865 at the time of writing on Friday after its rather sluggish performance the previous day. The pickup in the rally comes ahead of the US Nonfarm Payrolls (NFP) report later in the day. A weaker number would benefit Gold, with rate cut odds from the Federal Reserve (Fed) increasing. Meanwhile, headlines emerged on Friday that China's central bank, the People's Bank of China (PBOC), has expanded its Gold reserves for a third month in a row. Even at fresh all-time high prices, the central bank bought roughly 0.16...
Silver held steady above $32.20 an ounce on Friday, on track for its fifth weekly gain in six years. The precious metal was supported by a weaker dollar, as concerns over escalating global trade tensions eased. Both the U.S. and China have taken a more cautious stance on tariffs, with U.S. President Donald Trump and Chinese President Xi Jinping set to discuss trade developments, potentially reversing some of the existing restrictions. Silver is also benefiting from expectations that the U.S. Federal Reserve will continue to cut interest rates this year, with markets anticipating two...
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...