Jeremy Oles
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| Time(GMT+0/UTC+0) | State | Importance | Event | Forecast | Previous |
| 01:30 |  | 2 points | NAB Business Confidence (May) | ———- | -1 |
| 16:00 |  | 2 points | EIA Short-Term Energy Outlook | ———- | ———- |
| 17:00 | | 2 points | 3-Year Note Auction | ———- | 3.824% |
| 20:30 | | 2 points | API Weekly Crude Oil Stock | 0.700M | -3.300M |
Summary of Upcoming Economic Events on June 10, 2025
Australia
1. NAB Business Confidence (May) – 01:30 UTC
- Previous: -1
- Market Impact:
- A negative or weak reading may reflect ongoing corporate caution, potentially weighing on AUD and sentiment in Australian equities.
- Improvement would suggest business optimism is recovering, which may support AUD.
United States
2. EIA Short-Term Energy Outlook – 16:00 UTC
- Market Impact:
- Offers updated forecasts on oil production, demand, and price projections.
- Can influence oil prices and inflation expectations, especially amid supply or geopolitical shifts.
3. 3-Year Note Auction – 17:00 UTC
- Previous Yield: 3.824%
- Market Impact:
- Demand for short-term U.S. debt reflects investor confidence in monetary policy direction.
- Weak demand may push yields higher and pressure risk assets.
4. API Weekly Crude Oil Stock – 20:30 UTC
- Forecast: +0.700M | Previous: -3.300M
- Market Impact:
- A build in inventories may weigh on crude prices, especially after a prior drawdown.
- A surprise draw would likely support energy prices, impacting inflation-sensitive trades.
Market Impact Analysis
- This session is energy-focused, with both the EIA outlook and API crude data potentially shifting commodity prices and inflation expectations.
- Australia’s business confidence may set the tone for AUD early in the session.
- U.S. Treasury auction adds another signal for bond market sentiment, especially in the lead-up to the next FOMC event.
Overall Impact Score: 5/10
Key Focus:
While not a high-impact data day, markets will look to the EIA energy outlook and oil inventories for clues on inflation direction and energy market stability. The 3-year auction may influence short-term rates, while Australia’s NAB confidence sets a tone for Asia-Pacific risk sentiment. Expect moderate movements in AUD, oil prices, and Treasury yields.
