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Impact Insights | Australian Consumer Price Index (QoQ) | AU

Published: 29.01.2024
by Joseph Jeffriess

UK Australian CPI: Wednesday 31st January 2024, 01:30 AM GMT (12:30 PM AEDT)

Welcome to Impact Insights, traders! We’re here to shine a spotlight on high-impact events this month. Our mission: is to keep you informed on what truly matters and guide you in preparing effectively.

This Thursday, all eyes are on the eagerly anticipated Australian Consumer Price Index (CPI). Today, we observed the AUDUSD dipping to familiar territory, signalling what’s to come after tomorrow’s CPI release. With the USD also in play, a range of potential scenarios emerges. We’ve meticulously dissected these possibilities, weaving crucial price levels into our analyses.

What’s covered:

  • News Highlights for AUDUSD
  • What is the Consumer Price Index (QoQ)?
  • Top 3 Assets Affected
  • AUDUSD | Daily Chart
  • Save the date (Add to Calendar)



News Highlights for AUDUSD

AUDUSD struggles around 0.6600 pre-Fed and Aussie inflation data:

  • AUDUSD aims for stability above 0.6600 amid a busy week.
  • Fed expected to maintain the status quo, keeping rates steady.
  • A decline in Australia’s Q4 inflation could ease pressure on RBA.

The AUDUSD pair hovers near 0.6600 ahead of the Fed’s interest rate decision and Australia’s Q4 inflation data. Uncertainty prevails with cautious market sentiment reflected in S&P500 futures’ nominal losses. The USD gains strength amid geopolitical tensions, while investors await the Fed’s stance on maintaining interest rates. Meanwhile, eyes are on Australia’s inflation data, where a potential easing may alleviate pressures on the RBA.

Previous: 1.2%
Forecast: 0.8%





What is the Consumer Price Index (QoQ)?

The Consumer Price Index (QoQ) measures the change in prices of a basket of goods and services from one quarter to another. This index tracks inflation and helps traders understand how price changes may impact consumer spending and overall economic health. By monitoring CPI, traders can gauge potential shifts in monetary policy and market sentiment, as well as identify trading opportunities across various asset classes, such as currency pairs and equities.

Trade Zone Analysis from Joe Jeffries




Top 3 Assets Affected

  1. AUDUSD
  2. AUDCHF
  3. AUDCAD

For information on other assets affected by this event, log in to your client portal.




AUDUSD | Daily Chart




Save the date:


This article was generated with the assistance of AI tools and reviewed by an Eightcap analyst.


Currency Markets | UK Economy | Retail Sales | Consumer Behavior | GBP | Market Sentiment | Trading Strategies | Investment Decisions


The information provided on this article are the opinions of the author and do not necessarily reflect the opinions of Eightcap and are not endorsed by Eightcap.

Any person acting on the information presented on this page does so entirely at their own risk. No representation or warranty is given as to the accuracy or completeness of this information. Any research provided does not have regard to any specific investment objectives, financial situation and needs of any specific person who may receive it.

Margin trading involves a high level of risk and may not be suitable for all investors. You should carefully consider your objectives, financial situation, needs and level of experience before entering into any margined transactions with Eightcap, and seek independent advice if necessary.


* The information provided on this page are the opinions of the author and do not necessarily reflect the opinions of Eightcap and are not endorsed by Eightcap.

Any person acting on the information presented on this page does so entirely at their own risk. No representation or warranty is given as to the accuracy or completeness of this information. Any research provided does not have regard to any specific investment objectives, financial situation and needs of any specific person who may receive it.

Margin trading involves a high level of risk and may not be suitable for all investors. You should carefully consider your objectives, financial situation, needs and level of experience before entering into any margined transactions with Eightcap, and seek independent advice if necessary.