“WW3 continues”, Oil shoots up to $100 per barrel.
• US CPI is the key headliner this week with a 2.5% y/y reading (prev. 2.4%).
• AUDUSD still in bearish consolidation, pivoting between 0.7031 & 0.7117.
• “WW3” CONTINUES, OIL SHOOTS UP!
• AUD drops below 70c!
• What a huge week in the markets last week as the US/Israel/Iran war continues, causing huge rifts in global markets.
• Oil shot up to US$100 per barrel, contributing to rising prices globally, but also choke holding purchasers of oil from Iran as they have officially closed the Strait of Hormuz (where 20% of global oil supply travels through).
• This week is quiet in the markets data front, with US CPI the key headliner estimated @ 2.5% y/y (prev 2.5%), +ve for the USD.
• AU has no high-impact events this week, so it will likely take its cues from the USD and global news.
• IS THE WAR GOING TO ESCALATE THIS WEEK?!?!
| Economic Calendar: Mon 9th March 2026 – Friday 13th March 2026 (High Impact) (AU/US) | |||||
| Day | Time(AEST) | Event | Country | Forecast | Previous |
| Wed | 11:30pm | CPI y/y | US | 2.5% | 2.4% |
| Thurs | 11:30pm | Unemployment Claims | US | 216K | 213K |
| Fri | 11:30pm | Core PCE Price Index m/m | US | 0.4% | 0.4% |
| Prelim GDP q/q | US | 1.4% | 1.4% | ||
| Sat | 1:00am | JOLTS Job Openings | US | 6.84M | 6.54M |
Source: forexfactory.com