• VERY quiet week with AU bank holiday and no major US events to move the AUDUSD.
• Australia = bank holiday Monday, but AUDUSD this week will take cues from global thematics.
• AUDUSD to continue consolidating with bearish bias, pivoting between 0.6396 – 0.6563.
• Last week was a chaotic week with the Feds keeping rates on hold, which shocked the market!
• Overall, the AUDUSD was very bearish last week, touching almost 0.6580 but then reversing back down to 0.6420. A major drop.
• There is a bank holiday in AU this week on Monday, resulting in thin liquidity and volatility.
• There are 2 major US events, although not needle-moving.
• ISM Services PMI @ 51.5, previous @ 50.8.
• Unemployment claims @ +221K, previous @ 218K.
• Global tariffs remain the key theme this week, and USD flows will mainly drive the AUDUSD.
• Are we heading back down to 64c?
| Economic Calendar: Mon 4th Aug 2025 – Friday 8th August 2025 (High Impact) (AU/US) | |||||
| Day | Time(AEST) | Event | Country | Forecast | Previous |
| Mon | All Day | Bank holiday | AU | N/A | N/A |
| Wed | 12:00am | ISM Services PMI | US | 51.5 | 50.8 |
| Thurs | 10:30pm | Unemployment Claims | US | 221K | 218K |
Source: forexfactory.com