Market outlook for the week of 8thst-12th June
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A light week ahead, as is usually the case following the NFP release, and while Monday has no major economic events scheduled, markets will watch for any developments related to the conflict in the Middle East. On Tuesday, Australia will release the Westpac consumer sentiment ind
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4 itemsMarket outlook for the week of 4th - 8th May
Lead — The desk anticipates a cautious week for the FX market, with significant attention on the RBA's monetary policy decision and U.S. labor data releases. Per the full note [source], geopolitical tensions and inflationary pressures are likely to influence central bank actions, particularly in Australia. The consensus suggests a 25 bps hike from the RBA, aligning with market expectations. Additionally, the upcoming U.S. employment data could reveal further insights into the labor market's trajectory, impacting USD positioning.
Market outlook for the week of 11th - 15th May
Lead — The desk anticipates a cautious week ahead for FX markets, with key U.S. inflation data and central bank commentary likely to shape sentiment. Per the full note [source], the focus will be on U.S. core CPI, projected to rise to 0.3% m/m, amid concerns over rising energy and food prices due to geopolitical tensions in the Middle East. This backdrop suggests potential volatility in the USD, particularly against currencies like the AUD and GBP, as traders assess the implications for monetary policy. With the Fed Chair nomination vote also on the horizon, market dynamics could shift significantly based on the outcomes of these events.