Partner Center Find a Broker

Aussie traders are facing a quarterly CPI and China’s PMIs this week!

Missed last week’s price action? Read AUD’s price recap for April 20 – 24!

If you’re planning on trading the comdoll, then you better check out the potential market movers on tap!

Quarterly CPI (Apr 29, 1:30 am GMT)

  • Consumer prices rose by 0.7% in Q4 2019, higher than the 0.5% gain in Q3 and the expected 0.6% uptick
  • Annualized prices improved by 1.8%, also higher than Q3’s 1.7% increase
  • Higher coronavirus cases rained on Aussie bulls’ parade during the release
  • Analysts see the quarterly CPI down to 0.2% even as the annual version could inch up to 1.9%

China’s PMIs (Apr 30, 1:00 am GMT)

  • Official manufacturing PMI came in at 52.0 in March, up from a 35.7 reading in February
  • Non-manufacturing PMI also improved from 29.6 to 52.3 for the month
  • The surprisingly strong releases boosted AUD and risk appetite during the Asian session
  • Market geeks expect manufacturing PMI to dip to 51.0
  • Non-manufacturing PMI could slow down to 50.5 in April

AiG manufacturing index (Apr 30, 10:30 pm GMT)

  • The index jumped from 44.3 to 53.7 in March, as stockpiling led to higher manufacturing levels
  • A higher index reading in April would point to the pandemic’s minimal impact on manufacturing activity

Market risk appetite

  • Updates on pandemic responses and closure/opening of businesses in major economies will continue to affect risk sentiment
  • Monetary policy decisions from the BOJ, Fed, and the ECB and their growth and policy expectations can influence the markets’ appetite for risk
  • Other top-tier reports like U.S.’ GDP and China, euro zone, and U.S.’ PMIs can also affect appetite for the high-yielding comdoll

Technical snapshot

  • AUD has gained against ALL of its major counterparts in the last seven days
  • It has strengthened the most against CHF, GBP, and EUR

  • Stochastic considers AUD as “overbought” against ALL of its major counterparts on the daily time frame

  • AUD has seen the most volatility against USD, JPY, CHF, and EUR in the last seven days