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 Australian Dollar (AUD) remains stable on Thursday following three consecutive days of gains against the US Dollar (USD). The AUD/USD pair saw modest support as the AUD posted slight gains in response to the Australian Employment report. According to the Australian Bureau of Statistics (ABS), employment increased by 56.3K in December, up from 28.2K in November (revised from 35.6K) and significantly exceeding the market forecast of 15.0K. Meanwhile, the Unemployment Rate rose to 4.0% in December, compared to 3.9% in November, aligning with market expectations.Bjorn Jarvis, head of labor...
West Texas Intermediate (WTI), the US crude benchmark, was trading around $78.85 on Thursday (16/1). WTI prices moved lower on improving prospects of a ceasefire between Hamas and Israel that could ease geopolitical tensions in the Middle East, weighing on WTI prices. According to an official, Israel and Hamas have agreed to a deal to halt fighting in Gaza and exchange Israeli hostages for Palestinian prisoners. An end to the conflict between Israel and Hamas would ease tensions in the Middle East and reduce the threat of disruption to crude supplies in the region. This, in turn, could hurt...
The EUR/USD pair held steady around 1.0295 during the early Asian session on Thursday (16/1). A cooler-than-expected US Consumer Price Index (CPI) inflation data for December raised bets that the US Federal Reserve (Fed) could cut interest rates twice this year, weighing on the greenback. However, growing concerns over the Eurozone economic growth may cap gains for the major currency pair. The US dollar (USD) fell after the US core CPI data came in weaker than expected, fueling expectations that the Fed's easing cycle may not be over yet. Markets now expect the US central bank to deliver 40...
Oil prices rose more than 2% on Wednesday, supported by a large draw in U.S. crude stockpiles and potential supply disruptions caused by new U.S. sanctions on Russia, while a Gaza ceasefire deal limited gains. Brent crude futures settled $2.11, or 2.64%, higher at $82.03 a barrel, the highest since August 2024. U.S. West Texas Intermediate crude (WTI) settled up $2.54, or 3.28%, at $80.04 a barrel, the highest since July. In post settlement trade, Brent rose to the highest since July and WTI gained more than $3 a barrel. U.S. crude oil inventories fell last week to their lowest since...
Gold traded higher mid-afternoon on Wednesday as the dollar and yields fell after a U.S. inflation measure rose more than expected last month. Gold for February delivery was last seen up US$35.80 to US$2,718.10 per ounce, the highest since Dec.11. The U.S. Bureau of Labor Statistics said the Consumer Price Index (CPI) rose by 0.4% in December, up from 0.3% in November and ahead of the consensus estimate for a rise of 0.3%, according to FactSet. Core CPI, excluding food and energy, rose 3.2% annualized, under the consensus outlook for a 3.3% rise. Though the Federal Reserve is still widely...
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...