Impact Insights | Australian Consumer Price Index (QoQ) | AU
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
For information on other assets affected by this event, log in to your client portal.
AUDUSD | Daily Chart
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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
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