• US CPI & PPI the key headliners for this week in the US market, with no major events in AU.
• US CPI expected to remain the same @ 2.9% y/y, minimal impact if met. PPI in @ 0.2% m/m.
• AUDUSD expected to weaken further due to US strength, pivoting between 0.6135 & 0.6349.
• AUD expected to continue its bearish trend since October.
• AUD is currently ranging between key resistance and support, 0.6150 – 0.6300. Waiting for a break of these levels to determine potential next move.
• Trump’s chaotic announcements will continue to influence the AUDUSD pair as trade/tariff tensions continue to escalate.
• US CPI is expected to remain the same @ 2.9% from the previous reading, which will have minimal impact on the USD potentially. However, a shift in this figure will have an impact on the rate.
• Significant revisions to this CPI figure can potentially shift the market pricing for the next fed funds rate cut and impact on the USD.
• Next fed funds rate cut is expected in September.
| Economic Calendar: Mon 10th February 2025 – Fri 14th February 2025 (High Impact) (AU/US) | |||||
| Day | Time (AEDT) | Event | Country | Forecast | Previous |
| Wed | 2:00am | Fed Chair Powell Testifies | US | N/A | N/A |
| Thur | 12:30am | Core CPI m/m | US | 0.3% | 0.2% |
| CPI m/m | US | 0.3% | 0.4% | ||
| CPI y/y | US | 2.9% | 2.9% | ||
| 2:00am | Fed Chair Powell Testifies | US | N/A | N/A | |
| Fri | 12:30am | PPI m/m | US | 0.2% | 0.2% |
| Unemployment Claims | US | 221K | 219K | ||
| Sat | 12:30am | Retail Sales m/m | US | 0.0% | 0.4% |
Source: forexfactory.com