• AU GDP & US Employment (NFP) are the key headliners this week, with US events dominating!
• AU GDP expected at 0.4% q/q (prev. 0.6%) and US employment change and unemployment rate. rate 130K & 4.2%.
• AUDUSD to continue consolidating with bullish bias, pivoting between 0.6381 and 0.6511.
• AUD is likely to consolidate this week and continue from last week, hovering around 64c.
• The main driver for AUD is likely to be US-driven events, per the table below.
• High impact US events this week with ISM manufacturing/services PMI & US NFP the key headliners, with AU GDP the only key event in AU.
• AU GDP expected @ 0.4% q/q (prev 0.6%) and US NFP employment change of +130K with unemployment rate staying the same @ 4.2%. Any deviation from these figures can influence the AUDUSD.
• With US tariffs being the key theme for this week, we could see significant volatility in the pair, coupled with spikes if actual vs forecasts in the below events vary.
• AUDUSD is still at significant levels for importers!
| Economic Calendar: Mon 2nd June 2025 – Friday 6th June 2025 (High Impact) (AU/US) | |||||
| Day | Time(AEST) | Event | Country | Forecast | Previous |
| Tues | 12:00am | ISM Manufacturing PMI | US | 49.3 | 48.7 |
| 3:00am | Fed Chair Powell Speaks | US | N/A | N/A | |
| Wed | 12:00am | JOLTS Job Openings | US | N/A | 7.19M |
| 11:30am | GDP q/q | AU | 0.4% | 0.6% | |
| 10:15pm | ADP Non-Farm Employment Change | US | 110K | 62K | |
| Thur | 12:00am | ISM Services PMI | US | 52.0 | 51.6 |
| 10:30pm | Unemployment Claims | US | 232K | 240K | |
| Fri | 10:30pm | Average Hourly Earnings m/m | US | 0.3% | 0.2% |
| Non-Farm Employment Change | US | 130K | 177K | ||
| Unemployment Rate | US | 4.2% | 4.2% | ||
Source: forexfactory.com