What’s New with Australian Unemployment Rate?
The Australian Bureau of Statistics will announce the updated Unemployment Rate and Employment Change data on Thursday, May 19, at 04:30 MT.
Australia to release quarterly CPI
Information is not investment advice
What will happen?
Australian Bureau of Statistics will release the quarterly change in Consumer Price Index on April 27, 16:30 GMT+3. This is Australia's most important price data because central banks use it for setting the inflation target. This release is considerable for all AUD related pairs, like AUDUSD and EURAUD.
Why is it important?
The official measure of consumer price shows economic health in the country. Much of the increase in prices happened due to a clash between strong demand and Covid-disrupted supply chains. High numbers in this quarter could prompt the Reserve bank of Australia (RBA) into rates lift-off in the middle of a federal election campaign at their May meeting. Most of the time, rate hikes are positive for the currency. In January, the last CPI release caused a massive volatility spike, moving AUDUSD lower and higher by hundreds of pips.
How to trade on Australia's CPI release?
Higher-than-expected numbers will boost the AUD. Moreover, AUDUSD may fly to its last local highs at 0.7650.
- If the actual number is higher than expected – AUD will rise
- Otherwise – AUD will slide lower.
Check the economic calendar
Instruments to trade: AUDUSD, EURAUD, AUDJPY
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What’s New with Australian Unemployment Rate?
The Australian Bureau of Statistics will announce the updated Unemployment Rate and Employment Change data on Thursday, May 19, at 04:30 MT.
Can the UK CPI surprise?
The UK Office for National Statistics will publish Consumer Price Index (CPI) data on Wednesday, May 18, at 09:00 MT.
The US Retail Sales Update
The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.
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