- A fairly subdued week, with US Labour figures the key headliner.
- Employment change expected +74K (prev 73K) and unemployment rate @ 4.3% (prev 4.2%).
AUDUSD is likely to continue consolidating (ranging) and most likely will pivot between 0.6483 and 0.6569.
• AUDUSD has been consolidating over the past few weeks with little directional bias.
• Trump’s tariffs still remain an ongoing issue, with the US federal court ruling the “reciprocal tariffs’ were issued illegally, although they’re still in place.
• We have AU GDP and RBA Gov Bullock speaking this week, although unlikely to move the needle.
• US Labour figures will be the key headliner with a +ve change expected of 74K (prev 73K), and an unemployment rate of 4.3% expected (prev 4.2%).
• AUDUSD potentially can hit 66c this week on the back of USD data; however, RBA’s Bullock could hint at golden nuggets about the next rate cut, which could move the market.
• Keep an eye out for that speech!
| Economic Calendar: Mon 1st Sept 2025 – Friday 4th Sept 2025 (High Impact) (AU/US) | |||||
| Day | Time(AEST) | Event | Country | Forecast | Previous |
| Wed | 12:00am | ISM Manufacturing PMI | US | 48.9 | 48.0 |
| 11:30am | GDP q/q | AU | 0.5% | 0.2% | |
| 6:00pm | RBA Gov Bullock Speaks | AU | N/A | N/A | |
| Thur | 12:00am | JOLTS Job Openings | US | 7.24M | 7.44M |
| 10:15pm | ADP Non-Farm Employment Change | US | 71K | 104K | |
| 10:30pm | Unemployment Claims | US | 229K | 229K | |
| Fri | 12:00am | ISM Services PMI | US | 50.5 | 50.1 |
| 10:30pm | Average Hourly Earnings m/m | US | 0.3% | 0.3% | |
| Non-Farm Employment Change | US | 74K | 73K | ||
| Unemployment Rate | US | 4.3% | 4.2% | ||
Source: forexfactory.com