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 USD/CHF pair struggled to capitalize on the previous day's modest bounce from the 0.9035-0.9030 region, or above two-week lows and oscillated in a narrow range during the Asian session on Thursday (23/1). The spot price is currently trading around the 0.9060 region, nearly unchanged for the day amid a subdued US Dollar (USD) price action. The USD Index (DXY), which tracks the greenback against a basket of currencies, struggled to capitalize on the overnight bounce from monthly lows amid bets that the Federal Reserve (Fed) will cut interest rates twice this year. That said, a pickup in...
Gold (XAU/USD) prices attracted some sellers during the Asian session on Thursday (23/1) and for now, seems to have snapped three consecutive days of gains to the highest levels since early November, around the $2,763-$2,764 region touched the previous day. The US Dollar (USD) seems to extend its overnight recovery from monthly troughs amid a further recovery in the US Treasury bond yields. This, along with the underlying bullish sentiment around the equity markets, turned out to be the key factors weighing on the safe-haven demand for the precious metal. Meanwhile, signs of easing...
The Australian dollar (AUD) held steady against the US dollar (USD) on Thursday (23/1), as market concerns eased following news that China-specific tariffs proposed under US President Donald Trump's revised plan were much smaller than previously expected. The development helped calm investor nerves, especially given the strong trade ties between China and Australia, which make the Australian market sensitive to changes in China's economic landscape. President Trump announced plans to impose 10% tariffs on Chinese imports from February 1, citing concerns over fentanyl shipments from China to...
GBP/USD remained weak for the second straight session, trading around 1.2320 during Asian hours on Thursday (1/23). The pair faced challenges as the US Dollar (USD) received support as President Donald Trump issued a memorandum instructing federal agencies to investigate and address the ongoing trade deficit. The greenback could appreciate further as traders expect the US Federal Reserve (Fed) to keep its benchmark interest rate steady in the range of 4.25%-4.50% at its January meeting. Moreover, Trump's policies could boost inflationary pressures, potentially limiting the Fed to just one...
Silver (XAG/USD) price halted its three-day rally, trading around $30.60 during the Asian session on Thursday (1/23). Dollar-denominated silver faces challenges as the US Dollar is likely to strengthen, with traders anticipating that the US Federal Reserve (Fed) will keep its benchmark interest rate in the range of 4.25%-4.50% during its January meeting. In addition, US President Donald Trump's policies could increase inflationary pressures, potentially limiting the Fed from cutting interest rates one more time. This could strengthen the Greenback and reduce demand for commodities such as...
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...