• MULTIPLE high-impact events this week, notably AU CPI, USD PCE Core Index & US Employment.
• AU CPI y/y @ 2.3%, US employment change @ 129K, unemployment rate @ 4.2%.
• AUDUSD is expected to continue its consolidation, pivoting between 0.6347 and 0.6442.
• AUDUSD is likely to remain somewhat bullish this week, based on a weaker USD.
• Could see AUD touch 64c, which is an excellent sign for importers.
• AU CPI could confirm the case for the RBA to cut rates by 0.25% at the next meeting in May.
• AU CPI is expected @ 2.3% y/y (within target range). Any increase in CPI may boost the AUD.
• US Employment on Friday night, with a positive employment change of 129K expected, and the unemployment rate staying the same @ 4.2%. Any weak labour results will strengthen the AUD.
• Trade talks remain the hot topic, as Trump continues to make trade deals with other governments, which is generally positive for the USD.
• Will we see the AUD touch $0.65 this week due to events?
| Economic Calendar: Mon 28th April 2025 – Friday 2nd May 2025 (High Impact) (AU/US) | |||||
| Day | Time(AEST) | Event | Country | Forecast | Previous |
| Wed | 12:00am | JOLTS Job Openings | US | 7.48M | 7.57M |
| 11:30am | CPI y/y | AU | 2.3% | 2.4% | |
| 10:15pm | ADP Non-Farm Employment Change | US | 123K | 155K | |
| 10:30pm | Advance GDP q/q | US | 0.4% | 2.4% | |
| Employment Cost Index q/q | US | 0.9% | 0.9% | ||
| Thur | 12:00am | Core PCE Price Index m/m | US | 0.1% | 0.4% |
| 10:30pm | Unemployment Claims | US | 224K | 222K | |
| Fri | 12:00am | ISM Manufacturing PMI | US | 48.0 | 49.0 |
| 10:30pm | Non-Farm Employment Change | US | 129K | 228K | |
| Unemployment Rate | US | 4.2% | 4.2% | ||
| Sat | All Day | Parliamentary Elections | AU | N/A | N/A |
Source: forexfactory.com