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 moved lower near 0.9130 during the Asian trading hours on Monday (1/20), pressured by a weaker US Dollar (USD). Cautious market sentiment ahead of the inauguration of President Donald Trump provided some support to the safe-haven flows, which benefited the Swiss Franc (CHF). Technically, USD/CHF maintains the current bullish sentiment as the price is well supported above the 100-day Exponential Moving Average (EMA) on the daily chart. Moreover, the upside momentum is supported by the 14-day Relative Strength Index (RSI), which is located above the midline near 60.50,...
Gold (XAU/USD) attracted some dip buyers near the $2,689 region during the Asian session on Monday (20/1) and for now, seems to have stalled its retracement slide from one-month tops touched last week. The US dollar (USD) started the new week on a weaker note and eroded part of Friday's positive move amid bets that the Federal Reserve (Fed) will cut interest rates twice this year amid signs of easing inflation in the US. This, coupled with uncertainty over US President-elect Donald Trump's tariff plans, lifted the safe-haven precious metal back above the $2,700 mark in the last...
Silver (XAG/USD) prices extended their decline for the second straight session, trading around $30.30 an ounce during Asian trading hours on Monday (1/20). The safe-haven metal is facing challenges amid easing tensions in the Middle East. On Sunday, Hamas and Israel exchanged hostages and prisoners, marking the first day of a ceasefire after 15 months of conflict. Hamas released three female hostages in exchange for 90 Palestinians imprisoned in Israel, according to Bloomberg. In return, for the three Israeli hostages released, Hamas agreed to release 90 prisoners and detainees, all of whom...
West Texas Intermediate (WTI) oil prices extended losses for the third straight session, trading near $77.20 a barrel during the Asian session on Monday (1/20). Oil traders are on alert ahead of President-elect Donald Trump's inauguration later in the day. US markets will remain closed on Monday in observance of Martin Luther King Jr. Day. Concerns are mounting over Trump's proposed policies, including potential tariffs, tax cuts and deportations of undocumented immigrants. Analysts note that the future direction of US Federal Reserve (Fed) interest rates will largely depend on how broadly...
The dollar weakened against major currencies on Monday as traders braced for a series of policy announcements following Donald Trump's inauguration. Markets are focused on his plans to raise tariffs, tighten immigration, lower taxes and increase deregulation, which are expected to have an impact on inflation. However, trading volumes are expected to remain low throughout the session, as U.S. markets are closed for the Martin Luther King Jr. holiday. Last week, the dollar index snapped a six-week winning streak after a surprise slowdown in U.S. core inflation, coupled with...
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...