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 US Dollar Index (DXY), which tracks the Greenback's value against six major currencies, goes nowhere in the US session after some earlier gains this Thursday ahead of some US economic data. Still, there is a long road to recovery, although after a few days with an almost empty US data calendar, traders can brace for a pickup in the next releases. Positive and upbeat data could put inflation concerns back on the agenda, which would fuel higher rates and a stronger US Dollar again. Meanwhile, the US economic calendar is starting to take shape with the weekly Jobless Claims and the Kansas...
Gold slips as traders await clarity on Trump's policiesGold prices dipped on Thursday after hitting a near three-month high in the previous session, while market participants awaited further clarity on policies from U.S. President Donald Trump's administration. Spot gold was down 0.4% at $2,744.49 per ounce, having hit its highest since Oct. 31 on Wednesday. U.S. gold futures shed 0.7% to $2,751.20. "Spot prices are flirting with technically overbought conditions, which suggests that a slight technical pullback is due," said Exinity Group chief market analyst Han Tan. Gold's relative...
Oil prices fell in Asian trade on Thursday, extending losses amid uncertainty over how U.S. President Donald Trump's proposed tariffs and energy policies will affect global economic growth and energy demand. Brent crude futures fell 38 cents, or 0.5%, to $78.62 a barrel by 0716 GMT for a sixth straight day of losses, while U.S. West Texas Intermediate (WTI) crude fell for a fifth day, down 39 cents, or 0.5%, to $75.05. "The oil market has given back some of its recent gains on a combination of factors," said Priyanka Sachdeva, senior market analyst at Phillip Nova. "Key factors include...
Further sideways trading seems likely, perhaps within a range of 0.6240/0.6295. In the longer term, the current price action is likely to be the early stages of a recovery phase that could potentially reach 0.6350, noted UOB Group FX analysts Quek Ser Leang and Lee Sue Ann. "Yesterday, we expected the AUD to ‘trade sideways between 0.6220 and 0.6290.' The AUD subsequently traded within a narrower range of 0.6253/0.6293. The AUD closed largely unchanged at 0.6274 (+0.02%). Further sideways trading seems likely today, perhaps within a range of 0.6240/0.6295." "We revised our AUD view to...
Silver moved lower on Thursday (1/23) and for now, seems to have snapped a three-day winning streak to its highest level since December 13, around the $31.00 area touched the previous day. The white metal maintained its negative bias through the first half of the European session on Thursday and is currently trading around the $30.55 zone, down over 0.85% for the day. From a technical perspective, the $31.00 level is a confluence hurdle – comprising of the 100-day Simple Moving Average (SMA) and the upper end of a multi-month-old descending channel. The aforementioned barrier should now act...
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...