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 Australian Dollar (AUD) is losing ground against its US counterpart to kick off the week, with the AUD/USD pair slipping below the 0.6500 mark during the New York session on Monday. The move reflects a firmer US Dollar (USD), supported by rising Treasury yields and cautious market sentiment as a high-stakes meeting between US President Donald Trump and Ukrainian President Volodymyr Zelenskyy gets underway in Washington. The US Dollar Index (DXY), tracking the Greenback against a basket of major currencies, is trading near 98.14, recovering modestly after hitting a near two‑week low last...
Gold (XAU/USD) kicks off the week on a volatile note, staging a sharp intraday recovery after briefly dipping to an 11-day low near $3,323 during early Monday trade. The rebound appears to be driven by renewed safe-haven demand amid geopolitical uncertainties surrounding the Russia-Ukraine peace talks, after the weekend summit between US President Donald Trump and Russian President Vladimir Putin failed to deliver a breakthrough. At the time of writing, the precious metal is trading around $3,348 during the European session, up 0.36% on the day. Despite the sharp intraday rebound, price...
Crude oil futures prices rose slightly on Monday (August 18, 2025), but remained within a narrow range. Market participants were monitoring Ukrainian President Volodymyr Zelensky's visit to Washington following the Trump-Putin meeting in Alaska, which touched on a potential end to the Russia-Ukraine war. Market analyst Peter Cardillo of Spartan Capital noted that while a peace deal appears to be forming, Trump's insistence on Zelensky abandoning NATO membership ambitions and ceding territory could trigger a negative reaction in international markets. "Skepticism and caution may emerge," he...
The dollar strengthened on Monday (August 18th) ahead of a meeting between US President Donald Trump and his counterparts from Ukraine and Europe, while attention was also focused on the Federal Reserve's Jackson Hole Symposium for policy guidance. The euro weakened 0.2% against the dollar to $1.1680, the yen weakened by the same amount to 147.445, while the British pound weakened about 0.1% to $1.3544. Reduced bets on a Fed rate cut next month helped the dollar find support amid previously stagnant foreign exchange market movements on Monday. Money markets now price in an 83% chance that...
Gold edged higher as traders anticipated potential interest rate signals from the Federal Reserve's annual meeting in Jackson Hole, as well as high-stakes diplomacy in Washington regarding efforts to end the war in Ukraine. Gold bullion prices traded near $3,350 an ounce, holding within a narrow range for the past few sessions. Central bankers from around the world will gather for a meeting in Wyoming starting Friday, with market pricing indicating a US interest rate cut is likely at the Fed's policy meeting next month. Fed chief Raphael Bostic said after a three-day visit to the...
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...