EUR/USD 1.17215
0.007%
Gold 4701.05
-0.826%
Oil 94.002
2.979%
USD/JPY 159.313
0.004%
GBP/USD 1.35322
-0.008%
GBP/JPY 215.590
-0.067%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Chart: Precious metals market data for Industrial and Commercial Bank of China accounts on Monday, April 27, 2026.On April 27th, the Ministry of Culture and Tourism held a media promotion conference in Beijing for the 2026 National May Day Cultural and Tourism Consumption Week, officially launching the nationwide event. The conference announced plans to organize various regions to launch a series of affordable products, engaging activities, convenient services, and preferential measures for the May Day holiday, aiming to meet the travel and cultural tourism consumption needs of residents and tourists. It is understood that the May Day Cultural and Tourism Consumption Week will run from the end of April until the end of the May Day holiday. The Ministry of Culture and Tourism, in collaboration with relevant enterprises and institutions, will launch a series of diverse and beneficial cultural and tourism measures during the consumption week.On April 27th, Vishnu Varathan of Mizuho Securities stated that the Bank of Japan (BOJ) is expected to hold its policy steady this week, as the oil price shock triggered by the Middle East war could both damage demand and further exacerbate existing inflation risks. The BOJ is facing a dilemma, as it remains unclear which risk will prevail and what corresponding countermeasures should be taken. High inflation levels prior to the Middle East crisis and the sharp depreciation pressure on the yen limit the BOJs ability to ease policy prematurely to offset potential growth shocks. At the same time, the BOJ cannot raise interest rates too quickly or too drastically, as this could undermine the prospects for sustainable and healthy reflation.April 27 – According to the Wall Street Journal, sources familiar with the matter said a group of U.S. low-cost carriers, including Frontier and Avelo, are seeking $2.5 billion in government aid in exchange for warrants convertible into company equity. The $2.5 billion figure is based on the assumption that jet fuel prices will average above $4 per gallon for the remainder of the year. The low-cost carriers were encouraged by President Trumps remarks in the Oval Office last Thursday, in which he stated he liked "having many airlines, thats more competitive." This request comes as the government is also separately considering providing support to Spirit Airlines to help it avoid liquidation. Previous reports indicated that Spirit Airlines was negotiating a loan of up to $500 million in exchange for warrants that could give the U.S. government a significant stake in the low-cost carrier.April 27 - According to data from the National Bureau of Statistics, from January to March, the mining industry achieved a total profit of 256.33 billion yuan, a year-on-year increase of 16.2%; the manufacturing industry achieved a total profit of 1,238.43 billion yuan, an increase of 19.1%; and the electricity, heat, gas and water production and supply industry achieved a total profit of 201.28 billion yuan, a decrease of 3.2%.

When Will the Australian Consumer Price Index Be Released and How Will It Affect the AUD/USD?

Daniel Rogers

Apr 27, 2022 09:54

Today, at 0130 GMT, Australia's important first quarter Consumer Price Index data will be released. The Australian central bank has abandoned its patient attitude and declared that monetary policy will be data-driven. Quarterly inflation in Australia is projected to exceed the RBA's objective at the top end.

 

Westpac analysts stated that "given the conclusion of grants, the spike in house purchase prices is projected to play a significant influence."

 

"Automotive gasoline and food prices are also anticipated to play a significant role."

 

Westpac anticipates a 2.0 percent quarter-on-quarter (QoQ) and 4.9 percent year-on-year (YoY) increase in the headline CPI (market median 1.7 percent and 4.6 percent ).

 

"Continued disruptions to supply chains and the persistent strength of domestic demand imply more widespread inflationary pressures," the analysts wrote. "This supports a 1.2 percent QoQ (3.4 percent YoY) increase in the trimmed mean measure (in line with the median).

 

According to NAB analysts, they anticipate a 1.2 percent quarter-on-quarter increase in the trimmed mean and a 3.4 percent year-on-year increase in the trimmed mean. 3.4 percent as a post-2009 high, much over the RBA's 2-3 percent target range.

 

Meanwhile, ANZ Bank analysts forecast Australian Q1 headline inflation of 1.8 percent quarter on quarter, bringing annual inflation to 4.7 percent - the highest level since the September quarter of 2008.

 

"The increase is not just due to increasing gasoline and food prices," the researchers observed. 'Adjusted mean inflation is estimated to be 1.1 percent quarter on quarter and 3.4 percent year on year. This will be the first time since Q1 2010 that core inflation will exceed the top of the RBA's target zone."

 

"Despite this, we continue to expect the RBA to wait until June before raising the cash rate target, with the April meeting minutes indicating that the board would prefer to see both inflation and wage data before making a decision."

How Might CPI Affect the AUD/USD Exchange Rate?

Although the AUD/USD pair is technically bearish, positive inflation data could spark a recovery. The AUD/USD pair did not perform well overnight and was locked below an hourly barrier, sliding to the south on the strength of the US dollar.

 

 image.png

 

However, the daily chart indicates that the price may be due for a correction, and the above analysis highlights the upside structure target areas for a retracement. A positive surprise in the data would almost certainly support the thesis and energise the bulls. If, on the other hand, the data fails to solidify the RBA's prospects for a near-term rate hike, the Aussie is projected to come under pressure and break through the barriers for a test of 0.71 before the 0.7080/90 early February 2022 areas.

Concerning the CPI

The Consumer Price Index, which is published by the Reserve Bank of Australia and republished by the Australian Bureau of Statistics, is a measure of price changes calculated by comparing the retail prices of a representative basket of goods and services. Inflation drags down the purchasing power of the AUD. The CPI is a critical indicator for determining inflation and changes in consumer spending trends. A positive (or bullish) value for the AUD is considered positive, while a negative reading is considered bad (or Bearish).


Suggestion