The day on the markets began with the release of important data from Australia. At 01:30 (Warsaw time), we received the latest inflation readings, which turned out to be lower than expected. The monthly CPI was 0.4%, with expectations at 0.6%, while the annual rate fell to 4.2%, also below the forecasted 4.4%. For the markets, this indicates that inflationary pressure in Australia is decreasing faster than anticipated, which may influence future RBA decisions regarding monetary policy. At 02:00 (Warsaw time), the Reserve Bank of New Zealand maintained interest rates at 2.25%, in line with market expectations.
In the context of this week, where there has been a lack of significant data, today's results from Australia and the RBNZ decisions are drawing investors' attention. On Monday and Tuesday, we noted that despite the absence of high-impact data, markets might be sensitive to subtle changes in sentiment. Today's data from Australia aligns with this trend, suggesting a further cooling of inflation, which could influence global sentiment, especially in the context of stable market sentiment at 61/100.
Traders should pay special attention to the upcoming RBNZ press conferences at 03:00 (Warsaw time), which may provide additional insights into future monetary policy. We expect these events could introduce extra volatility, especially in light of recent data from Australia and New Zealand. Today, subtle signals from the markets will also be important, as they may indicate future investor movements. It is advisable to stay alert in the morning hours and respond to any new information coming from the press conference.
