• US CPI & PPI headliners this week in the US, with no major AU events this week.
• US CPI y/y expected @ 2.9% (prev 3.0%) with PPI expected 0.3%m/m (prev 0.3%).
• AUD/USD is expected to continue consolidating, pivoting between 0.6206 to 0.6383.
- Due to the lack of AU data this week, AUD will largely depend on the outcome of US data.
- AUD/USD is expected to continue consolidating with a bearish bias between the pivotal levels above.
- However, a softer-than-expected CPI number could potentially provide AUD with some strength.
- The US CPI is expected to come in at 2.9% y/y (previous 3.0%), which is better than expected but potentially negative for USD and positive for AUD.
- US PPI is expected to be at 0.3% m/m (0.3% previously), so there is not much impact expected here.
- US CPI number will be crucial in determining the next rate cut for the US.
- The US are still expecting 2-3 rate cuts this year.
Watch this space; things are heating up!
| Economic Calendar: Mon 10th March 2025 – Fri 14th March 2025 (High Impact) (AU/US) | |||||
| Day | Time (AEDT) | Event | Country | Forecast | Previous |
| Wed | 1:00am | JOLTS Job Openings | US | 7.71M | 7.60M |
| 11:30pm | Core CPI m/m | US | 0.3% | 0.4% | |
| CPI m/m | US | 0.3% | 0.5% | ||
| CPI y/y | US | 2.9% | 3.0% | ||
| Thur | 11:30pm | Core PPI m/m | US | 0.3% | 0.3% |
| PPI m/m | US | 0.3% | 0.4% | ||
| Unemployment Claims | US | 226K | 221K | ||
| Sat | 1:00am | Prelim UoM Consumer Sentiment | US | 63.8 | 64.7 |
| Prelim UoM Inflation Expectations | US | TBA | 4.3% | ||
Source: forexfactory.com