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...
Oil prices steadied after falling on concerns that the U.S.-China trade war would hurt global growth, offset by President Donald Trump's increasing economic pressure on Iran. West Texas Intermediate crude was trading below $73 a barrel after a rocky start to the week as markets were rattled by tariff announcements and subsequent delays. Brent crude settled above $76. Trump has sought to use sanctions and tougher enforcement of existing measures to increase pressure on Tehran On Tuesday, Beijing issued a swift but calculated retaliation to Trump's levies, which so far appear to be...
GBP/USD climbed 0.6% on Tuesday as tariff threats ease.President Trump's trade war threats are fading into the background.Data remains mid-tier until BoE's rate call on Thursday and Friday's US NFP.GBP/USD continued to grind higher on Tuesday, extending a recovery after the week's early plunge on trade war concerns sparked by US President Donald Trump's sweeping threats to impose stiff tariffs on his own constituents in an effort to punish some of the US' closest trade allies. Tariffs, which were supposed to go into effect on Tuesday, have been kicked down the road another 30 days, marking...
Silver rose above $32 per ounce in February, the highest in three months, tracking the preference for safety in other precious metals as markets assessed the global growth outlook under threats of trade wars. US President Trump followed through with 10% tariffs on China, driving Beijing to announce retaliatory levies on US energy goods to be enacted next week. In the meantime, the JOLTS report indicated fewer job openings than expected in the US during December, while manufacturing orders declined sharply. Consequently, the market continued to bet on multiple rate cuts by the Fed this year,...
USD/CHF holds positive ground around 0.9125 in Tuesday's early European session. China announced a levy of additional tariffs of up to 15% on select US imports starting February 10. Swiss Real Retail Sales rose 2.6% YoY in December. The USD/CHF pair trades with mild gains around 0.9125 during the early European session on Tuesday. The markets might turn cautious later in the day as traders await the developments surrounding tariff negotiations with China. China's finance ministry on Tuesday announced a package of tariffs on a range of US products, including crude oil, farm equipment, and...
AUD/USD advanced to 0.6255 on Tuesday, extending Monday's rebound.China announced tariffs on specific US goods.Market sentiment improves on expectations of softer US data and potential RBA easing.On Tuesday, the AUD/USD rose to 0.6255 as the pair extended Monday's comeback. The recovery comes after renewed US tariffs on China prompted by President Trump followed delays in tariffs on Canada and Mexico, the latter of which have eased trade war fears. Meanwhile, aggressive bets on a February Royal Bank of Australia (RBA) rate cut and concerns over China's economic slowdown continue to weigh on...
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...