• US Govt still shutdown, US CPI and Flash PMI the key headliners, No major AU events this week. • GOLD @ ALL TIME HIGHS! US CPI expected @ 0.4% m/m & 3.1% y/y (prev 2.9%). • AUDUSD back in consolidation (bearish bias), pivoting between 0.6444 & 0.6536. • WHAT IS HAPPENING WITH GOLD RIGHT
• US Govt shutdown still on. Governor speeches, AU employment & US PPI/Retail Sales this week. • AU emp change +20K, unemp rate @ 4.2%. US PPI @ 0.3% m/m & Retail Sales @ 0.4% m/m. • AUDUSD now looking bearish from last week, most likely pivoting between 0.6418 – 0.6573 • US GOVERNMENT IS
• AU RBA cash rate & US Labour numbers the key headliners this week. • RBA expected to keep rates same @ 3.60% & US NFP expected +51K change & 4.3% unemp rate. • AUDUSD to continue consolidating (bullish bias), most likely pivoting between 0.6500 – 0.6608. • Critical week in markets this week! •
• AU CPI & US Core PCE Price Index are the key headliners this week, indicating inflation. • AU CPI y/y expected @ 2.9% (prev 2.8%), PCE PI m/m expected 0.2% (prev 0.3%). • AUDUSD to continue consolidating (bullish bias), most likely pivoting between 0.6547 – 0.6668 • AUDUSD had a bit of a bearish
• FOMC & AU Employment are the key headliners this week. • Fed expecting a cut to 4.25%, AU employment change +21.2K and unemp rate 4.2% (same). • AUDUSD to continue consolidating (bullish bias), most likely pivoting between 0.6571 – 0.6695. • AUDUSD has been in favour of importers for the last 2 weeks, with
• Fairly subdued week in AU, but US headlining with PPI & CPI. • US CPI y/y expected to come in hot @ 2.9% (prev 2.7%) – what does this mean for future cuts? • AUDUSD to continue consolidating (ranging), most likely pivoting between 0.6496 – 0.6601. • AUDUSD hovering around 65c past few weeks.
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. •
• Quiet week this week with AU CPI the key headliner! • AU CPI expected @ 2.3% y/y (prev 1.9%) – still within the 2-3% target range. • AUDUSD to continue consolidating (ranging), most likely pivoting between 0.6428 – 0.6538. • AUDUSD found some relief on Friday after the FED suggested another rate cut in
Summary • HUGE week in markets with HIGH impact events in both AU & US markets. • AU = RBA Cash Rate & employment numbers, US CPI, PPI & Retail Sales to be released. • AUDUSD to continue consolidating (ranging), most likely pivoting between 0.6466 – 0.6557. • AUDUSD has been range-bound between 64c-66c since