• AU CPI & US PCE Core Index are the core headliners this week.
• AU CPI expected @ 2.4% y/y (no chg) and PCE expected @ 0.1% m/m (no change).
• AUDUSD to continue consolidating with bearish bias, pivoting between 0.6411 and 0.6481.
• US HAS OFFICIALLY ENTERED WAR WITH IRAN!
• Chaotic news over the weekend with news that Trump initiated a call to bomb three nuclear facilities in Iran, under new intel that Iran is “weeks/months away from developing nuclear weapons”.
• This is going to cause severe impacts to global markets, including oil and USD, with oil expected to skyrocket (due to the closure of the Straight of Hormuz) and due to USD being viewed as a safe haven during wartime.
• This means AUD down, with bearish bias per the above pivot points for this week towards 64c.
• AU CPI expected @ 2.4% y/y (same as prev).
• Core PCE index expected @ 0.1% m/m (same as prev).
• With Iran yet to respond to the US/Israel’s strikes on their facilities, what will this mean for the rest of the world? WILL OTHER COUNTRIES GET DRAGGED IN?
| Economic Calendar: Mon 23rd June 2025 – Friday 27th June 2025 (High Impact) (AU/US) | |||||
| Day | Time(AEST) | Event | Country | Forecast | Previous |
| Mon | 11:45pm | Flash Manufacturing PMI | US | 51.1 | 52.0 |
| Flash Services PMI | US | 52.9 | 53.7 | ||
| Wed | 12:00am | Fed Chair Powell Testifies | US | N/A | N/A |
| Wed | 11:30am | CPI y/y | AU | 2.4% | 2.4% |
| Thur | 12:00am | Fed Chair Powell Testifies | US | N/A | N/A |
| 10:30pm | Final GDP q/q | US | -0.2% | -0.2% | |
| Unemployment Claims | US | 247K | 245K | ||
| Fri | 10:30pm | Core PCE Price Index m/m | US | 0.1% | 0.1% |
Source: forexfactory.com