• Fairly subdued week in markets with AU employment & US Core PCE Index headlining.
• AU Emp change @ 26.5K (prev -21.3K), unemp rate @ 4.4% (prev 4.3%).
• AUDUSD is still expected to be bullish this week, pivoting between 0.6657& 0.6717.
• AUDUSD had a relatively choppy week, mostly in consolidation due to a lack of economic events.
• AUDUSD currently sitting @ 67c.
• This week, we have 2 key headliners in AU & US, respectively.
• AU employment is being released with expected change of +26.5K (prev -21.3K), unemployment rate expected to increase @ 4.4% (prev 4.3%) – overall this is more -ve for the AUDUSD.
• US Core PCE index is also being released on Friday with the usual 0.2% m/m expected (prev 0.2%). This isn’t expected to move the needle for the AUDUSD.
• USD is likely to lead the currency pair this week, with the USD dropping for most of 2025; we expect to see some form of recovery this year.
• IS USD GOING BACK UP & AUD BACK DOWN?
| Economic Calendar: Mon 12th January 2026 – Friday 16th January 2026 (High Impact) (AU/US) | |||||
| Day | Time(AEST) | Event | Country | Forecast | Previous |
| Wed | Day 3 | WEF Annual Meetings | ALL | N/A | N/A |
| Thurs | 12:30am | President Trump Speaks | US | N/A | N/A |
| 11:30am | Employment Change | AU | 26.5K | -21.3K | |
| Unemployment Rate | AU | 4.4% | 4.3% | ||
| Fri | 12:30am | Core PCE Price Index m/m | US | 0.2% | 0.2% |
| Final GDP q/q | US | 4.3% | 4.3% | ||
| Sat | 1:45am | Flash Manufacturing PMI | US | 52.1 | 51.8 |
| Flash Services PMI | US | 52.8 | 52.5 | ||
Source: forexfactory.com