• 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 NOW?!
• US Govt still in shutdown, almost 3 weeks in a row!
• Meanwhile, GOLD hitting ALL TIME HIGHS and causing major queues at gold shops as customers are rushing to buy more.
• US CPI is the key headliner this week with an expected reading of 0.4% m/m & 3.1% y/y (prev 2.9%). This is viewed as +ve for the USD, -ve for AUD.
• No major AU events this week, so AUDUSD will largely be driven by weekly flows and US CPI.
• AUDUSD is a commodity currency and is known to be positively correlated with gold prices, so that may also have an impact on the overall direction.
• With no major events impacting this week, will the AUD hang around 65, or head back lower?
| Economic Calendar: Mon 20th October 2025 – Friday 24th October 2025 (High Impact) (AU/US) | |||||
| Day | Time(AEST) | Event | Country | Forecast | Previous |
| Fri | 11:30pm | Core CPI m/m | US | 0.3% | 0.3% |
| CPI m/m | US | 0.4% | 0.4% | ||
| CPI y/y | US | 3.1% | 2.9% | ||
| Sat | 12:45am | Flash Manufacturing PMI | US | 51.9 | 52.0 |
| Flash Services PMI | US | 53.5 | 54.2 | ||
Source: forexfactory.com