• US Retail sales & AU employment numbers this week, potential AUD lift?
• US Retail sales expected @ 1.4% m/m & AU employment change & rate +40.2k & 4.2%.
• AUDUSD is expected to continue its bullish recovery, pivoting between 0.6032 and 0.6418.
• AUDUSD has a strong chance of increasing its bullish recovery from last week’s HEAVY losses.
• US-China tariff tensions are continuing to weigh on the currency pair.
• A weaker USD means a stronger global economy, which can push the AUD higher.
• AU labour force numbers can add strength to the pair, +ve change expected with 40.2K, however the unemployment rate will be higher from 4.1% to 4.2% which is -ve for the pair.
• US retail sales remain strong at 1.4% m/m, which is +ve for the USD, so we could see a temporary lift in the USD, although retail sales are generally not needle movers.
• With Easter and a long weekend, we could see some high levels of liquidity, but we are looking to wind down closer to the end of the week!
| Economic Calendar: Mon 14th April 2025 – Fri 18th April 2025 (High Impact) (AU/US) | |||||
| Day | Time(AEST) | Event | Country | Forecast | Previous |
| Wed | 10:30pm | Core Retail Sales m/m | US | 0.4% | 0.3% |
| Retail Sales m/m | US | 1.4% | 0.2% | ||
| Thur | 3:30am | Fed Chair Powell Speaks | US | N/A | N/A |
| 11:30am | Employment Change | AU | 40.2K | -52.8K | |
| Unemployment Rate | AU | 4.2% | 4.1% | ||
| 10:30pm | Unemployment Claims | US | 225K | 223K | |
| Fri | All Day | Bank Holiday | AU | N/A | N/A |
Source: forexfactory.com