Weekly Market Preview: What’s Moving the Markets This Week (22–25 June)
Weekly Market Preview: What’s Moving the Markets This Week (22–25 June) It’s a busy week. Four high-impact releases hit the calendar between Monday and Wednesday,…
Weekly Market Preview: What’s Moving the Markets This Week (22–25 June)
It’s a busy week. Four high-impact releases hit the calendar between Monday and Wednesday, covering three currencies. Canada kicks things off with its CPI print today. Australia then drops back-to-back data on Tuesday night and Wednesday morning. And Wednesday afternoon brings the biggest event of the week: the US Core PCE, the Federal Reserve’s preferred inflation gauge.
If you’re trading CAD, AUD, or USD pairs this week, here’s what’s on the calendar.
Monday, 22 June — Canada CPI (CAD) | 12:30 PM GMT
The Canadian Dollar’s most important monthly report. The Consumer Price Index tells the Bank of Canada whether inflation is still running hot or cooling down enough to justify cutting rates.
Canada’s headline inflation sat at 2.8% year-on-year in April, the highest reading in two years. Energy prices were the main driver, with gasoline up 28.6% year-on-year. Analysts are forecasting May’s print to climb further to around 3%.
The Bank of Canada held rates unchanged at its last meeting. This number will either give them room to cut or keep them on hold.
What traders are watching:
- Higher than expected — Bullish CAD. Inflation staying sticky means the BoC can’t cut. Rates stay high, and the Canadian Dollar holds firm.
- Lower than expected — Bearish CAD. A soft print opens the door for rate cuts, which weighs on the CAD.
Tuesday, 24 June — Australia CPI (AUD) | 1:30 AM GMT
Australia’s monthly inflation update. Australia’s annual CPI came in at 4.2% in April — down from 4.6% in March, but still well above the Reserve Bank of Australia’s 2–3% target band.
The RBA has already hiked rates three times this year, bringing the cash rate to 4.35%. The central bank is still in tightening mode, and this print is the first real check on whether those hikes are working.
If inflation is still rising, the RBA may not be done yet. If it’s cooling, the pressure starts to ease.
What traders are watching:
- Higher than expected — Bullish AUD. More inflation means more rate hikes are on the table. That attracts yield-seekers into the Aussie Dollar.
- Lower than expected — Bearish AUD. Shows the RBA’s plan is working. Rate hike expectations drop, and so does the currency.
Wednesday, 25 June — Australia Unemployment Rate (AUD) | 1:30 AM GMT
Less than 24 hours after the CPI, Australia releases its Labor Force data. This is the jobs report, and it matters because a strong jobs market alongside high inflation is exactly what keeps the RBA hiking.
If the economy is still adding jobs despite a 4.35% rate, it signals that things are running too hot. If unemployment is rising, it’s a sign the tightening cycle is starting to bite.
What traders are watching:
- Low unemployment — Bullish AUD. A resilient economy supports the case for rates staying high.
- High unemployment — Bearish AUD. Cracks appearing in the labor market are shifting expectations toward a policy pause or pivot.
Wednesday, 25 June — US Core PCE Price Index (USD) | 12:30 PM GMT
This is the biggest event on the calendar this week.
Core PCE is the Federal Reserve’s preferred inflation measure. It strips out food and energy to show the underlying trend in prices. When this number moves, the Dollar moves with it.
At its June meeting, the Fed held rates at 3.50–3.75% but raised its 2026 core PCE forecast to 3.3% — up sharply from 2.7% projected in March. The most recent April reading came in at 3.29% year-on-year. The dot plot signaled that most officials see fewer rate cuts happening this year, not more.
May’s print either confirms that cautious, rates-high stance or starts to challenge it.
What traders are watching:
- Higher than expected — Bullish USD. Inflation not slowing down means the Fed stays hawkish. Rates hold higher for longer. The dollar strengthens.
- Lower than expected — Bearish USD. A softer reading revives expectations for rate cuts. The “inflation is cooling” narrative takes hold, and the Dollar sells off.
Calendar Snapshot
| Date | Event | Currency | Time (GMT) |
| Mon 22 Jun | CPI | CAD | 12:30 PM |
| Tue 24 Jun | CPI | AUD | 1:30 AM |
| Wed 25 Jun | Unemployment Rate | AUD | 1:30 AM |
| Wed 25 Jun | Core PCE Price Index | USD | 12:30 PM |
A Quick Note on Risk
Economic data releases can cause sharp, fast moves in the market. Price can spike in both directions before settling. Make sure you understand how your FXIFY account drawdown rules work before you trade around major news events. For more on how funded traders approach volatile sessions, see our guides on trading styles for funded traders and how news events affect prop traders.
Trading involves a significant risk of loss. This article is for informational purposes only and does not constitute financial advice. Past market behavior does not guarantee future results.
