Our plan to trade today’s CPI release out of Australia will be to look for opportunities for entry if we get a surprise in this release, here is the current forecast:

9:30pm AU CPI q/q Forecast 1.0% Previous 0.9%
ACTION: AUD/USD BUY 1.2% SELL 0.7%

Our plan to trade today’s CPI release out of Australia will be twofold.  First, we’ll look for a possible pre-buying of AUD ahead of this release during early Asian trading session for a possible sentiment trade; and Second, we will look for opportunities to enter the market if we get a surprise in this release, here is the current forecast:

9:30pm AU CPI q/q         Forecast 0.9%      Previous 0.5%
ACTION: AUD/USD        BUY 1.2%      SELL 0.6%

7:30pm AU CPI q/q         Forecast 0.4%      Previous 1.0%
ACTION: AUD/USD        BUY 0.7%      SELL 0.0%

We’ll be lookign to trade the quarterly CPI release out of Australia.  As reflected in recent RBA rate statements, Australia is facing  rise in inflation, and this number could surprise to the upside.  RBA hiked rates last few rate decisions, and with a surprise better than expected release, we could have justification for further rate hike. 

8:30pm AU CPI q/q         Forecast 0.9%      Previous 0.8%
ACTION: AUD/USD        BUY 1.2%      SELL 0.6%