RBA Rate Statement is on Tuesday at 07:30 MT time.
CPI (Consumer Price Index) is one of the most important Australian economic indicators. The release will take place at 4:30 MT time on July 25. The index has a big impact on the policy of the Reserve Bank of Australia and, as a result, on the Australian dollar’s exchange rate.
Australian CPI is released once in 3 months, so it’s natural that every time the market pays great attention to it. After all, it will set the direction for the AUD:
• If the data is greater than the forecast, the AUD will rise.
• If the data is weaker than the forecast, the AUD will go down.
Check the economic calendar
So far, consumer price inflation has been below the RBA 2-3% medium-term target and wage growth has stalled close to the record low.
The Reserve Bank of Australia will publish its statement and announce the interest rate on July 7, at 7:30 MT time.
Australian Private Capital Expenditure will be announced on Thursday, May 28, at 4:30 MT time.
US Initial jobless claims will be announced on Thursday at 15:30 MT time.
The New Zealand interest rate is announced on Wednesday at 05:00 MT time.
Long time we haven't checked the S&P 500 stocks - there are interesting events and trends to follow.