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 jumped on Monday after US President Donald Trump imposed tariffs on Canada, Mexico and China, raising concerns about disruptions to crude supplies from the two biggest suppliers to the US, but the prospect of lower fuel demand capped gains. U.S. West Texas Intermediate crude futures were at $73.89 a barrel, up $1.36, or 1.88%, by 0656 GMT, after hitting their highest since Jan. 24 at $75.18 a barrel earlier in the session. Brent crude futures rose 73 cents, or 0.96%, to $76.40 a barrel, after hitting a high of $77.34. Trump on Saturday ordered sweeping tariffs on goods from...
The US Dollar (USD) strengthened on the first trading day of February as markets cautiously responded to US President Donald Trump's tariff announcement. Later in the European session, January inflation data from the Eurozone will be closely watched by investors. In the second half of the day, the US economic calendar will feature the ISM Manufacturing PMI data for January. Meanwhile, market participants will be watching for headlines surrounding the Trump administration's trade policies. Trump announced on Saturday that they would impose tariffs of 25% on Mexican and Canadian imports and...
The USD/CHF pair extended its rally to near 0.9165 during early European trading hours on Monday (3/2). The US dollar (USD) surged after US President Donald Trump's massive tariffs triggered a trade war. The greenback strengthened by up to 0.60% against the Swiss franc (CHF), hitting a peak not seen since May 2024. The move came after Trump imposed 25% tariffs on imports from Mexico and Canada on Saturday, as well as new levies of 10% on Chinese products. However, the Wall Street Journal reported on Monday, citing unnamed sources, that the Chinese government is preparing an opening offer...
Silver (XAG/USD) price fell near $30.90 during the early European trading hours on Monday (03/1). Growing fears of a global trade war following US President Donald Trump's massive tariff measures boosted the US Dollar (USD) across the board and exerted selling pressure on the white metal. According to the 4-hour chart, the bullish outlook for the white metal remains intact, with the price holding above the key 100-period Exponential Moving Average (EMA). However, the Relative Strength Index (RSI) is hovering around the midline, suggesting that further consolidation cannot be ruled out. The...
The Australian Dollar (AUD) extends its losing streak against the US Dollar (USD) for the sixth consecutive session on Monday. The AUD/USD pair dropped around 2% amid risk-off sentiment following US President Donald Trump's decision to impose import tariffs on China, one of Australia's key trading partners. On Saturday, the US announced plans to implement 25% tariffs on Canadian and Mexican goods, while Chinese exports would face a 10% tariff, according to Bloomberg. These tariffs, set to take effect on Tuesday, will remain in place until the fentanyl overdose crisis is "resolved." In...
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...