• Minimal high-impact events this week in the US, no significant events for AU except bank holidays.
• US Manufacturing & Services PMI this week, with a short week in AU due to public holidays.
• AUDUSD is expected to continue its bullish recovery, pivoting between 0.6303 and 0.6421.
• Welcome back from the global easter long weekend!
• We saw significantly reduced volumes/liquidity across the majority of the currency pairs.
• AUDUSD has rebounded strongly post the Trump tariff announcements, which have seen AUDUSD return to its original levels.
• Economists are suggesting that USD will gain strength over the next few months, which might see AUDUSD head back down to 60c. NOTE FOR IMPORTERS.
• USD weakened over the last week due to Trump’s comments regarding the potential dismissal of Fed Chair Powell.
• We have very minimal high-impact data this week in the US, with no significant events in AU.
• Australia has another public holiday on Friday (Anzac), which will also see reduced trading volumes on the day.
| Economic Calendar: Mon 21st April 2025 – Fri 25th April 2025 (High Impact) (AU/US) | |||||
| Day | Time(AEST) | Event | Country | Forecast | Previous |
| Mon | All day | Bank Holiday | AU | N/A | N/A |
| Wed | 11:45pm | Flash Manufacturing PMI | US | 49.0 | 50.2 |
| Flash Services PMI | US | 52.8 | 54.4 | ||
| Thur | 10:30pm | Unemployment Claims | US | 222K | 215K |
| Fri | All Day | Bank Holiday | AU | N/A | N/A |
Source: forexfactory.com