AUD

Deutsche Bank brings forward RBA rate cut to July

• Follows the lower inflation rate data from Australia published on Wednesday

AUDUSD slips back below key moving average as sellers lean on resistance zone

• Can the sellers keep the downside pressure on the price for the AUDUSD

Australian Treasurer Chalmers schedules 0230 GMT media conference

• Chalmers will be very happy about the low inflation reading

Australian monthly CPI (May 2025) 2.1% y/y (vs. 2.3% expected)

• The monthly CPI data from Australia does not show all components of the CPI, that'll have to wait for the quarterly data release.

AUDUSD slides after weekend conflict escalation

• Safe-haven flows punish the Aussie as price slips beneath key 4-hour moving average

Market Outlook for the week of June 23rd-27th

• Highlights of the week include inflation data from Canada, Australia and Japan, as well as the U.S. PCE

Fitch Ratings say Australian mortgage arrears showed sharper than usual rise

Australia preliminary June 2025 manufacturing PMI 51.0 (prior 51.0)

• The flash services PMI is 51.3 (prior 50.6)

AUDUSD sellers took a shot...they missed

• The price of the AUDUSD fell below the 200 bar MA on the 4-hour chart and trend line support (and to a new low for the week) but after all that, the break failed.

Australia’s labour market shows resilience despite May job dip - recap

• Australian employment slipped slightly in May, with total jobs down 2,500 after a blockbuster 89,000 jobs were added the month before

Australia May 2025 jobless rate 4.1% (vs. 4.1% expected) & Employment Change -2.5k(+25K)

• Employment report from Australia for May 2025

No US military action - Oil prices dip, equities ticking up, risk FX tics higher too

• Market moves are small, but less risk aversion is a theme as there are no signs of US forces hitting Iran yet

AUDUSD backs off highs; key support levels now in focus

• Sellers eye rising trend line and 200-bar MA support as upside momentum fades below 0.6484

Risk assets selling off on Trump National Security Council news ... but wait!

• Risk FX lower, US equity index futures lower ... news now Trump is staying for dinner at the G7

AUDUSD tests key resistance—buyers and sellers battle for control

• Price stalls near 61.8% retracement as support builds at 100-bar MA on the 4-hour chart