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 U.S. dollar weakened against the yen on Thursday, as softer-than-expected U.S. economic data and growing confidence for a Bank of Japan interest-rate hike sent it tumbling to a near one-month low against the Japanese currency. Recent remarks from BOJ Governor Kazuo Ueda and his deputy Ryozo Himino have made clear that a hike will at least be discussed at next week's policy meeting. Markets see about a 79% chance of a 25-basis-point increase. Japan's annual wholesale inflation held steady at 3.8% in December on stubbornly high food costs, data showed on Thursday. The greenback was down...
US benchmark West Texas Intermediate (WTI) crude oil prices were trading around $77.85 on Friday (17/1). WTI prices fell slightly as Houthi attacks in the Red Sea were expected to halt after a ceasefire deal in the Gaza war between Israel and the Hamas militant group was reached. Maritime security officials said on Thursday that they expected the Houthi militia to announce an end to its attacks on ships in the Red Sea. "The Houthi developments and the ceasefire in Gaza are helping to keep the region calm, taking some of the safety premium off oil prices," said John Kilduff, a partner at...
Gold price surged above the $2,700 mark on Thursday as the Greenback trimmed some of its earlier gains. Data from the United States (US) revealed that the economy remains solid after the release of consumer spending figures and jobs data. US bond yields fell as traders expect further easing by the Federal Reserve (Fed). At the time of writing, the XAU/USD trades at $2,715, up 0.72%. Bullion extended its gains as market participants prepare for US President-elect Donald Trump's inauguration. The US Census Bureau revealed that Retail Sales fell short of estimates in December. However,...
Oil futures pull back from five-month highs reached on supply concerns around U.S. sanctions and winter heating fuel demand. "Crude oil finally caved under pressure from an overbought RSI," Mizuho's Robert Yawger says in a note, referring to the relative strength index. "Positioning is driving energy prices lower today. There is no associated bearish red headline." Crude maintains support from demand for heating oil, which held out for a 0.1% gain as an Arctic blast is expected over large parts of the U.S. in the coming week. The WTI front month settles down 1.7% at $78.68, and Brent falls...
Gold traded at the highest in a month mid-afternoon on Thursday, climbing for a third day as the dollar and yields moved lower after U.S. retail sales rose less than expected last month. Gold for February delivery was last seen up US$34.50 to US$2,752.30 per ounce, the highest since Dec.11. The U.S. Commerce Department on Thursday reported retail sales rose by 0.4% in December, down from a revised 0.8% in November and under expectations for a 0.5% monthly rise according to Marketwatch. The data follows on a slight drop in the core Consumer Price Index, excluding food and energy, reported...
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...