• US FOMC decision, retail sales & AU Employment are the key headliners this week.
• US FOMC expected same @ 4.50%, AU labour change +19.9K and unemp. rate same @ 4.1%.
• AUDUSD to continue consolidating with bullish bias, pivoting between 0.6447 and 0.6537.
• CHAOS IN THE MARKETS OVER THE WEEKEND!
• The Israel–Iran conflict is causing chaos in the markets, affecting both commodities and currencies
globally.
• As AUD is a commodity currency, the surge in oil prices could weigh heavily on the AUD as the conflict
adds risk to the global economy.
• We could see AUD trading towards the 64c level and potentially below that this week.
• Although we have high-impact US & AU data, any benefit to the AUD might be short-term.
• US FOMC decision, rate expected to stay @ 4.50%.
• AU labour change expected @ 19.9K and the unemployment rate to stay @ 4.1%.
• WILL THE US BECOME INVOLVED IN THIS WAR?
| Economic Calendar: Mon 16th June 2025 – Friday 20th June 2025 (High Impact) (AU/US) | |||||
| Day | Time(AEST) | Event | Country | Forecast | Previous |
| Tues | 10:30pm | Core Retail Sales m/m | US | 0.2% | 0.2% |
| Retail Sales m/m | US | -0.6% | 0.1% | ||
| Wed | 10:30pm | Unemployment Claims | US | TBA | 248K |
| Thur | 4:00am | Federal Funds Rate / Statement | US | 4.50% | 4.50% |
| 4:30am | FOMC Press Conference | US | N/A | N/A | |
| 11:30am | Employment Change | AU | 19.9K | 89.0K | |
| Unemployment Rate | AU | 4.1% | 4.1% | ||
| All Day | Bank Holiday | US | N/A | N/A | |
Source: forexfactory.com