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/JPY was virtually unchanged during the North American session on Tuesday, as traders assessed US President Donald Trump's threats to impose 25% tariffs on Canada and Mexico as soon as February 1. The Greenback recovered as the major hit a daily high of 156.20. However, fears faded as the pair traded near 155.54, virtually unchanged. Market sentiment remains upbeat, and the US Dollar climbs, as depicted by the US Dollar Index (DXY), which tracks the basket of six currencies against the buck, rising 0.29% to 108.30.Meanwhile, traders in the FX markets would continue to be attentive to...
Gold (XAU/USD) prices were boosted by safe-haven inflows and surged above key technical resistance after US President Donald Trump confirmed that he intends to impose 25% tariffs on Canada and Mexico as early as February, as well as tariffs on Silver and Gold. China is not included in the direct levies, Bloomberg reported. The possibility of Trump imposing tariffs on Silver and Gold has caused market uncertainty, pushing premiums for futures contracts higher. President Trump's domestic agenda is the second major driver, which could extend Gold's bullish momentum further and boost demand for...
The dollar gained some ground on Tuesday after weakening the previous day as President Donald Trump hinted the U.S. could impose tariffs on Canada and Mexico as early as Feb. 1, challenging suggestions his trade policy might be more gradual. Trump told reporters his team was considering tariffs of around 25%, but gave no further details. He also floated the idea of universal tariffs, but said the U.S. was not ready for them. The dollar fell sharply on Monday after Trump's first day in office did not include specific plans for tariffs and officials suggested new taxes would be imposed in...
West Texas Intermediate (WTI) oil prices ended a three-day losing streak, holding steady near $76.20 during European trading hours on Tuesday (1/21). The crude oil market experienced significant volatility as traders assessed a series of executive orders issued by U.S. President Donald Trump shortly after his inauguration. One of the major moves included a plan to impose a 25% tariff on imports from Canada and Mexico starting Feb. 1, disappointing investors who had expected a delay in its implementation. Crude oil prices gained momentum as the proposed tariffs on Canadian crude imports were...
Gold prices rose in Asian trade on Tuesday (1/21) as the dollar weakened sharply overnight, while traders tried to gauge US President Donald Trump's policies after his inauguration. Spot gold prices rose 0.3% to $2,727.39 an ounce, while February gold futures rose 0.4% to $2,743.57 an ounce by 1:28 p.m. ET (06:28 GMT). Gold traders are bracing for increased volatility as Trump begins his second term, with his anticipated policy announcements expected to influence market dynamics. The precious metal, traditionally seen as a safe-haven asset, has held above a one-month peak. Current market...
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...