• AU CPI & US Core PCE are the key headliners this week.
• AU CPI is expected to increase a tick to 2.6% (+0.1%) and US PCE Index @ 0.3% (+0.1%).
• AUDUSD is expected to continue rising, pivoting between 0.6317 and 0.6402.
• AUDUSD potentially aiming for 64c this week.
• This might only be a short recovery as AUDUSD is still expected to progress further to the downside due to USD strength.
• US tariffs remain heavy on the currency pair, although the entire force is yet to take effect.
• Trump stated he is open to a trade deal with China, which also supports the USD.
• AU CPI is the key headliner for the AU market, expected to come in at 2.6% m/m (+0.1%). Although this is positive for the AUD, it’s unlikely to have a material impact on the pair over the medium term.
• US Core PCE index coming in at 0.3% m/m (+0.1%), a sign of rising inflation, but not material enough to change the overall big picture.
• Expecting AUDUSD to remain bullish temporarily.
| Economic Calendar: Mon 24th February 2025 – Fri 28th February 2025 (High Impact) (AU/US) | |||||
| Day | Time (AEDT) | Event | Country | Forecast | Previous |
| Wed | 2:00am | CB Consumer Confidence | US | 103.3 | 104.1 |
| 11:30am | CPI y/y | AU | 2.6% | 2.5% | |
| Fri | 12:30am | Prelim GDP q/q | US | 2.3% | 2.3% |
| Unemployment Claims | US | 220K | 219K | ||
| Sat | 12:30am | Core PCE Price Index m/m | US | 0.3% | 0.2% |
Source: forexfactory.com