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 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...
The British pound (GBP) traded in a tight range around 1.3550 against the US dollar (USD) during the European trading session on Monday (August 18th). The GBP/USD pair consolidated as investors awaited a meeting between US President Donald Trump, Ukrainian President Volodymyr Zelenskyy, and NATO members at the White House on Monday to discuss conditions set by Russian leader Vladimir Putin for ending the war in Ukraine. On Friday, Trump met with Putin in Alaska to discuss a peace agreement. After the meeting, Trump said that Putin had offered to freeze most of the front line if Kyiv...
Gold prices edged higher on Monday (August 18th), boosted by lower US Treasury yields, as market participants awaited US President Donald Trump's meetings with Ukrainian President Volodymyr Zelenskiy and European leaders later in the day. Spot gold rose 0.4% to $3,348.28 an ounce, as of 08:40 GMT on Monday, after hitting its lowest level since August 1st. US gold futures for December delivery rose 0.3% to $3,393.40. "Gold prices are rallying again today, with the market approaching the $3,350 level (as) the combination of weak yields and a weaker dollar is certainly a breath of fresh air...
Oil prices held steady on Monday (August 18th) as traders awaited clues from the meeting between U.S. President Donald Trump and Ukrainian President Volodymyr Zelenskiy in their efforts to reach a peace deal to end Europe's deadliest war in 80 years. Brent crude was at $65.87 a barrel at 08:47 GMT, while U.S. West Texas Intermediate crude rose 9 cents, or 0.14%, to $62.89 a barrel. Trump met with Russian President Vladimir Putin in Alaska on Saturday and appeared more aligned with Moscow in seeking a peace deal, rather than a ceasefire first. "Market focus now turns to today's Washington...
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...