Thursday 5 November 2026
TraderSite Today's market recap
XAUUSD 4,057.65 ▲ 3.53%EURUSD 1.12220 ▲ 0.29%GBPUSD 1.34660 ▲ 0.38%USDJPY 158.523 ▼ 0.14%AUDUSD 0.70079 ▲ 0.63%USDCAD 1.39731 ▼ 0.22%USDCHF 0.81754 ▼ 0.42%NZDUSD 0.56204 ▲ 0.19%

Economic calendar

Times follow your own time zone automatically (change it below). Tap an event to see what it is, why it matters and how markets usually react.

Monday 2 November 2026

AUD MI Inflation Gauge (m/m)MI Inflation Gauge m/m Previous 0.3%

Previous0.3%

What it is
A monthly estimate of how prices of goods and services are changing in Australia, produced by the Melbourne Institute at the University of Melbourne.
Why it matters
It comes out before the official CPI, so traders use it as an early hint of inflation trends, which relate to RBA interest rate decisions. It is usually a low-to-medium impact release.
Usual market reaction
Markets usually compare the actual figure with the forecast. A higher-than-forecast reading tends to support the Australian dollar, as traders may see the RBA keeping rates higher for longer, while a lower reading often weighs on it. The reaction is usually milder than for the official CPI.
AUD Building Approvals (m/m)Building Approvals m/m Forecast 1.8%Previous -6.1%

Forecast1.8%Previous-6.1%

What it is
Data on the number of permits approved for new buildings in Australia, published by the Australian Bureau of Statistics (ABS) as a change from the previous month.
Why it matters
Approvals are a forward-looking sign of construction activity and the housing market, which is sensitive to interest rates. It is usually a low-to-medium impact release, and the figure often jumps around from month to month.
Usual market reaction
Markets usually compare the actual figure with the forecast. A higher-than-forecast result tends to support the Australian dollar as it suggests solid housing demand and a stronger economy, while a lower one often weighs on it. The reaction is usually modest.
CNY China RatingDog Manufacturing PMIRatingDog Manufacturing PMI Forecast 52.0Previous 52.1

Forecast52.0Previous52.1

What it is
A survey of purchasing managers at private Chinese factories, compiled by S&P Global (formerly known as the Caixin PMI). A reading above 50 means the manufacturing sector is expanding, and below 50 means it is contracting.
Why it matters
It is one of the first monthly readings on the health of China's economy, so traders watch it closely. Its importance is usually moderate.
Usual market reaction
Prices tend to react to the actual figure compared with the forecast. A higher-than-forecast result usually supports the yuan and commodity-linked currencies such as the AUD, and often helps stock market sentiment. A lower-than-forecast result usually weighs on them.
AUD Australia Commodity Prices y/yCommodity Prices y/y Previous 15.5%

Previous15.5%

What it is
A commodity price index published by the Reserve Bank of Australia (RBA). It shows the year-on-year change in prices of Australia's main exports, such as iron ore, coal and LNG.
Why it matters
Australia relies heavily on commodity export income, so price changes matter for its economy. This release usually has a fairly small market impact.
Usual market reaction
Prices tend to react to the actual figure compared with the forecast. A higher-than-forecast rise in commodity prices usually supports the Australian dollar (AUD), as export earnings often improve, while a lower result tends to weigh on it. The reaction is often muted because traders can already see these prices moving in the market.
EUR German Retail Sales m/m Forecast 0.4%Previous 1.3%

Forecast0.4%Previous1.3%

What it is
The month-on-month change in retail sales in Germany, published by the Federal Statistical Office (Destatis).
Why it matters
Consumer spending is a major part of the economy, and Germany is the largest economy in the eurozone. The impact is usually low to moderate, and the data is often volatile and revised later.
Usual market reaction
Prices tend to react to the actual figure compared with the forecast. Higher-than-forecast retail sales usually support the euro (EUR) because they point to solid consumer spending, while lower-than-forecast sales tend to weigh on it. Traders often read it alongside inflation data and ECB comments.
EUR Spanish Manufacturing PMI Forecast 50.4Previous 51.0

Forecast50.4Previous51.0

What it is
A monthly survey of purchasing managers at Spanish factories, published by S&P Global. A reading above 50 suggests the manufacturing sector is expanding, while below 50 suggests it is contracting.
Why it matters
It comes out soon after the month ends, giving an early look at eurozone economic health, with Spain being one of the bloc's larger economies. Its market impact is usually moderate and smaller than the overall eurozone PMI.
Usual market reaction
Prices react to the actual figure compared with the forecast. A higher-than-forecast result usually supports the euro (EUR), while a lower one tends to weigh on it. Moves are often modest unless the surprise is large or matches the picture in other eurozone PMIs.
EUR Italian Manufacturing PMI Forecast 49.9Previous 50.4

Forecast49.9Previous50.4

What it is
A monthly survey of purchasing managers at Italian factories, published by S&P Global. A reading above 50 suggests expansion, while below 50 suggests contraction.
Why it matters
Italy is one of the eurozone's largest economies with a significant industrial sector, so the figure gives an early read on eurozone manufacturing. Its market impact is usually moderate.
Usual market reaction
Prices react to the actual figure compared with the forecast. A higher-than-forecast result usually supports the euro (EUR), while a lower one tends to weigh on it. Traders often pay more attention to the overall eurozone PMI, so single-country figures tend to cause only small moves.
EUR French Final Manufacturing PMI Forecast 49.3Previous 49.3

Forecast49.3Previous49.3

What it is
The final reading of France's manufacturing PMI, published by S&P Global. It updates the earlier flash estimate once more survey responses have been collected. Above 50 suggests expansion, while below 50 suggests contraction.
Why it matters
France is one of the eurozone's largest economies, but because the flash estimate is already known, the final reading is usually of fairly low importance.
Usual market reaction
Prices react to the actual figure compared with the forecast, which is usually set close to the flash number. A higher-than-forecast result usually supports the euro (EUR), while a lower one tends to weigh on it. Revisions are often small, so moves tend to be limited unless the final figure differs clearly from the flash.
EUR German Final Manufacturing PMI Forecast 54.2Previous 54.2

Forecast54.2Previous54.2

What it is
A survey-based index of conditions in Germany's factory sector, compiled by S&P Global from purchasing managers at manufacturers. The final reading revises the earlier flash estimate.
Why it matters
A reading above 50 signals the manufacturing sector is expanding, and below 50 signals contraction. Germany is the eurozone's largest economy, so traders use it to gauge European growth. It is usually of medium importance.
Usual market reaction
Prices usually react to the actual figure compared with the forecast. A higher-than-forecast result tends to support the euro, while a lower one tends to weigh on it. Final readings are often close to the flash estimate, so moves are often small unless the revision is notable.
EUR Eurozone Final Manufacturing PMIFinal Manufacturing PMI Forecast 52.4Previous 52.4

Forecast52.4Previous52.4

What it is
A survey-based index of factory-sector conditions across the whole eurozone, compiled by S&P Global from purchasing managers at manufacturers. The final reading revises the earlier flash estimate.
Why it matters
It is an early signal of the health of the European economy. A reading above 50 means expansion and below 50 means contraction. It is usually of medium importance for the euro.
Usual market reaction
Prices usually react to the actual figure compared with the forecast. A higher-than-forecast result tends to support the euro, while a lower one tends to weigh on it, as it may suggest the economy is stronger or weaker than expected. Final numbers are often close to the flash estimate, so the impact is often limited.
GBP UK Final Manufacturing PMIFinal Manufacturing PMI Forecast 52.8Previous 52.8

Forecast52.8Previous52.8

What it is
A survey-based index of factory-sector conditions in the United Kingdom, compiled by S&P Global from purchasing managers at manufacturers. The final reading revises the earlier flash estimate.
Why it matters
It shows whether UK manufacturing is expanding or contracting, with 50 as the dividing line. The Bank of England may take the broader economic picture into account when thinking about interest rates, so it is usually of medium importance for the pound.
Usual market reaction
Prices usually react to the actual figure compared with the forecast. A higher-than-forecast result tends to support the pound, while a lower one tends to weigh on it. Final readings are often close to the flash estimate, so reactions are often modest unless the revision is large.
EUR Bundesbank President Nagel SpeaksGerman Buba President Nagel Speaks
What it is
Joachim Nagel, president of Germany's central bank (the Bundesbank), speaks publicly. He is also a member of the ECB Governing Council, which sets interest rate policy for the eurozone.
Why it matters
Traders listen for hints about the future direction of ECB interest rates. The importance depends on what is said, and it is often greater when an ECB meeting is near.
Usual market reaction
Hawkish comments, such as worry about inflation or support for keeping rates high, tend to support the euro. Dovish comments, such as openness to rate cuts, tend to weigh on it. Markets often care more about a change in tone than about repeated views.

Tuesday 3 November 2026

AUD RBA Cash RateCash Rate Forecast 4.85%Previous 4.60%

Forecast4.85%Previous4.60%

What it is
The Cash Rate is Australia's official interest rate, announced by the Reserve Bank of Australia (RBA) after its monetary policy meeting.
Why it matters
Interest rates are the main driver of the Australian dollar (AUD), so this is one of the most important AUD events and often causes sharp moves.
Usual market reaction
Prices usually react to the actual decision compared with the forecast. A bigger-than-expected hike or a more hawkish tone tends to support AUD, while a cut or a softer-than-expected stance tends to weigh on it. The tone of the accompanying statement often matters as much as the rate itself.
AUD RBA Monetary Policy Statement
What it is
A detailed report published quarterly by the Reserve Bank of Australia (RBA), explaining its view of the economy, inflation and the reasoning behind its policy decisions.
Why it matters
It contains the RBA's economic and inflation forecasts, which help the market judge where interest rates may go next, so it usually gets fairly high attention.
Usual market reaction
Traders look at how the inflation and growth forecasts have changed from before and whether there are hints about rates. Higher-than-expected inflation forecasts or a firmer tone tend to support AUD, while weaker or softer-than-expected signals tend to weigh on it. The reaction is often smaller than for the rate decision itself, as some information is usually already priced in.
AUD RBA Rate Statement
What it is
A short written statement released by the Reserve Bank of Australia (RBA) together with its interest rate decision, explaining the reasons behind it.
Why it matters
It gives clues on how the RBA sees inflation, jobs and the economy, which is very important for judging where interest rates may go next.
Usual market reaction
Markets usually compare the wording with the previous statement, for example more concern about inflation or a door opened to rate cuts. A tone firmer than expected tends to support AUD, while a softer one tends to weigh on it. Prices often move sharply in the first minutes after release.
AUD RBA Press Conference
What it is
A press conference where the Governor of the Reserve Bank of Australia (RBA) explains the policy decision and answers questions from reporters.
Why it matters
Traders watch it because the Governor may give extra hints about interest rates that were not in the written statement, so it can often add volatility.
Usual market reaction
Markets usually listen for how the Governor talks about inflation, the job market and the chances of future rate hikes or cuts. A tone firmer than expected tends to support AUD, while a softer one tends to weigh on it. Prices can sometimes reverse if the answers differ from the earlier written statement.
EUR French Government Budget BalanceFrench Gov Budget Balance Previous -159.6B

Previous-159.6B

What it is
A figure showing whether the French central government is running a budget deficit or surplus over the period so far. It is published by France's finance ministry.
Why it matters
It gives a view of France's public finances, and France is one of the eurozone's largest economies. Markets usually give it fairly low importance unless worries about debt and deficits are in focus.
Usual market reaction
This release often has no clear forecast, so its effect on the euro (EUR) is usually small. A smaller deficit than expected may ease fiscal worries and give the euro slight support, while a larger one may dent confidence a little in the euro and in French bonds.
GBP UK 10-Year Gilt Auction10-y Bond Auction Previous 5.42|3.6

Previous5.42|3.6

What it is
The UK Debt Management Office (DMO) auctions 10-year government bonds (gilts) to raise money for the government.
Why it matters
The result shows how much demand there is for UK government debt and what it costs the country to borrow. It is usually of medium to fairly low importance, unless markets are worried about public debt.
Usual market reaction
Traders often look at the average yield and the bid-to-cover ratio compared with recent auctions and expectations. Stronger-than-expected demand tends to support confidence in gilts and the pound, while weak demand can push yields up and make the pound more volatile. The reaction is usually modest.

Wednesday 4 November 2026

EUR Bundesbank President Nagel SpeaksGerman Buba President Nagel Speaks
What it is
Joachim Nagel, president of Germany's central bank (the Bundesbank), speaks publicly. He is also a member of the ECB Governing Council, which sets interest rate policy for the eurozone.
Why it matters
Traders listen for hints about the future direction of ECB interest rates. The importance depends on what is said, and it is often greater when an ECB meeting is near.
Usual market reaction
Hawkish comments, such as worry about inflation or support for keeping rates high, tend to support the euro. Dovish comments, such as openness to rate cuts, tend to weigh on it. Markets often care more about a change in tone than about repeated views.
EUR Bundesbank President Nagel SpeaksGerman Buba President Nagel Speaks
What it is
Joachim Nagel, president of Germany's central bank (the Bundesbank), speaks publicly. He is also a member of the ECB Governing Council, which sets interest rate policy for the eurozone.
Why it matters
Traders listen for hints about the future direction of ECB interest rates. The importance depends on what is said, and it is often greater when an ECB meeting is near.
Usual market reaction
Hawkish comments, such as worry about inflation or support for keeping rates high, tend to support the euro. Dovish comments, such as openness to rate cuts, tend to weigh on it. Markets often care more about a change in tone than about repeated views.
AUD Australia Household Spending m/mHousehold Spending m/m Forecast 0.2%Previous 0.0%

Forecast0.2%Previous0.0%

What it is
This measures the monthly change in consumer spending by Australian households. It is published by the Australian Bureau of Statistics (ABS).
Why it matters
Household consumption is a large part of the Australian economy, so the data gives clues about economic strength and inflation pressure, which feed into RBA interest rate decisions. It is usually a medium-impact release.
Usual market reaction
Markets compare the actual figure with the forecast. Spending that is higher than forecast usually supports the Australian dollar (AUD), as it suggests a stronger economy and may make RBA rate cuts less likely. A lower-than-forecast result tends to weigh on AUD. The link to gold is usually not clear-cut.
CNY RatingDog Services PMI (China)RatingDog Services PMI Forecast 51.7Previous 51.6

Forecast51.7Previous51.6

What it is
This is a survey-based index of activity in China's private services sector, compiled by S&P Global (previously known as the Caixin PMI).
Why it matters
A reading above 50 indicates the services sector is expanding, and below 50 indicates contraction. Traders use it to gauge China's economy, which affects global sentiment. It is usually a medium-impact release.
Usual market reaction
Markets compare the actual figure with the forecast. A PMI higher than forecast usually supports the yuan (CNY) and China-sensitive assets such as the Australian dollar, while a lower reading tends to weigh on them. The effect on gold and Asian stock indices often follows overall risk sentiment.
EUR Spanish Unemployment Change Forecast 18.7KPrevious 23.6K

Forecast18.7KPrevious23.6K

What it is
This shows the monthly change in the number of registered unemployed people in Spain. It is published by Spain's Ministry of Labour.
Why it matters
It reflects the health of the Spanish labour market, one of the larger economies in the eurozone. However, it usually has only a small impact on markets.
Usual market reaction
Markets compare the actual figure with the forecast. This data works in reverse to most releases: a fall in unemployment bigger than forecast tends to give the euro (EUR) slight support, while a rise or a smaller fall than forecast may weigh slightly on it. Traders usually give more weight to eurozone-wide data.
EUR Spanish Services PMI Forecast 57.6Previous 58.3

Forecast57.6Previous58.3

What it is
This is a survey-based index of activity in Spain's services sector, compiled by S&P Global with HCOB.
Why it matters
A reading above 50 indicates the services sector is expanding, and below 50 indicates contraction. Services make up most of Spain's economy, so it is an early signal of economic direction. It is usually a low-to-medium impact release.
Usual market reaction
Markets compare the actual figure with the forecast. A PMI higher than forecast tends to give the euro (EUR) slight support, while a lower reading may weigh on it slightly. The impact is often limited because traders usually pay more attention to the eurozone-wide PMI.
EUR Italian Services PMI Forecast 51.4Previous 51.7

Forecast51.4Previous51.7

What it is
A survey of purchasing managers at Italian service companies, compiled by S&P Global and published under the HCOB brand. A reading above 50 signals the services sector is expanding, and below 50 signals it is contracting.
Why it matters
Services make up most of Italy's economy, and PMIs often come out earlier than official data, so traders use them to gauge the eurozone's direction. Its importance is usually moderate, and often smaller than the German or eurozone-wide PMIs.
Usual market reaction
Prices react to the actual figure compared with the forecast. A higher-than-forecast result usually supports the euro (EUR) because it points to a stronger economy, while a lower one tends to weigh on it. Moves from Italian data are often modest unless the figure is far from expectations.
EUR French Final Services PMI Forecast 48.4Previous 48.4

Forecast48.4Previous48.4

What it is
A survey of purchasing managers at French service companies, compiled by S&P Global under the HCOB brand. The final reading is a revision of the earlier flash estimate. A reading above 50 signals expansion.
Why it matters
France is one of the eurozone's largest economies and services make up a big share of it, so traders follow this to gauge economic health. Its importance is usually moderate because the market has often seen the flash figure already.
Usual market reaction
Prices react to the actual figure compared with the forecast, which is usually close to the flash reading. A higher-than-forecast result usually supports the euro (EUR), while a lower one tends to weigh on it. Moves are often larger when the final figure is clearly revised from the flash estimate.
EUR German Final Services PMI Forecast 51.7Previous 51.7

Forecast51.7Previous51.7

What it is
A survey of purchasing managers at German service companies, compiled by S&P Global under the HCOB brand. The final reading is a revision of the earlier flash estimate. A reading above 50 signals the services sector is expanding.
Why it matters
Germany is the eurozone's largest economy, so this data influences the view of the whole bloc and expectations for ECB policy. Its importance is usually moderate to fairly high.
Usual market reaction
Prices react to the actual figure compared with the forecast. A higher-than-forecast result usually supports the euro (EUR) because it suggests a stronger economy, and it may lead traders to think the ECB is in less of a hurry to cut rates. A lower result tends to weigh on the euro. Because final figures are often close to the flash, reactions are usually muted unless there is a big revision.
EUR Eurozone Final Services PMIFinal Services PMI Forecast 51.7Previous 51.7

Forecast51.7Previous51.7

What it is
A survey of purchasing managers at service companies across the eurozone, compiled by S&P Global under the HCOB brand. The final reading is a revision of the earlier flash estimate. A reading above 50 signals expansion.
Why it matters
It is a fairly early gauge of the eurozone's overall economic health that the ECB and investors pay attention to. Its importance is usually moderate to fairly high.
Usual market reaction
Prices react to the actual figure compared with the forecast. A higher-than-forecast result usually supports the euro (EUR) and may influence views on ECB interest rates, while a lower one tends to weigh on it. Because final figures are often close to the flash estimate, markets tend to move more when there is a clear revision. Pairs such as EUR/USD are often affected directly.
GBP UK Final Services PMIFinal Services PMI Forecast 53.1Previous 53.1

Forecast53.1Previous53.1

What it is
A survey of purchasing managers at British service companies, published by S&P Global and CIPS. The final reading revises the flash (preliminary) estimate released earlier.
Why it matters
Services make up most of the UK economy, so traders use it to gauge economic health; a reading above 50 usually signals expansion. The final figure usually has a moderate impact because the flash estimate is already known.
Usual market reaction
Prices react to the actual figure compared with the forecast. A higher-than-forecast result usually supports the pound (GBP), while a lower one tends to weigh on it. If the final number differs a lot from the flash estimate, the move can be larger.
EUR Eurozone Core CPI Flash Estimate (y/y)Core CPI Flash Estimate y/y Forecast 2.5%Previous 2.5%

Forecast2.5%Previous2.5%

What it is
This is the first, early estimate of core inflation in the eurozone, which leaves out volatile food and energy prices. It is published by Eurostat and compares prices with the same period a year earlier.
Why it matters
The European Central Bank (ECB) pays close attention to core inflation when setting interest rates, so traders watch it closely. It is usually considered a high-importance release.
Usual market reaction
Prices tend to react to the actual figure compared with the forecast. A higher-than-forecast reading often suggests the ECB may keep rates high for longer, which usually supports the euro, while a lower-than-forecast reading often weighs on it. Moves in the euro can also show up in pairs such as EUR/USD.
EUR Eurozone CPI Flash Estimate y/yCPI Flash Estimate y/y Forecast 4.0%Previous 3.8%

Forecast4.0%Previous3.8%

What it is
This is the early estimate of the Eurozone Consumer Price Index (CPI) compared with a year earlier, released before the final figure. It is published by Eurostat, the European Union's statistics office.
Why it matters
Inflation is a main factor in the European Central Bank's (ECB) interest-rate decisions, and the flash estimate is the earliest reading, so it usually draws strong attention and is of high importance for the euro.
Usual market reaction
Prices tend to react to the actual figure compared with the forecast. Higher-than-forecast inflation may suggest the ECB keeps rates high for longer, which often supports the euro (EUR), while a lower reading usually weighs on it by raising the chance of easier policy. Moves may show up in EUR pairs and sometimes in European stock indices.

Thursday 5 November 2026Today

AUD Australia Goods Trade BalanceGoods Trade Balance Forecast 0.94BPrevious 0.50B

Forecast0.94BPrevious0.50B

What it is
The difference between the value of Australia's goods exports and imports, published by the Australian Bureau of Statistics (ABS). A positive number is a surplus and a negative number is a deficit.
Why it matters
Australia mainly exports resources such as iron ore and coal, so this figure reflects demand for its goods and the health of its economy. Its importance is usually moderate.
Usual market reaction
Markets react to the actual figure compared with the forecast. A larger-than-expected surplus (or smaller deficit) tends to support the Australian dollar, as more demand for the currency is needed to pay for exports, while a weaker result often weighs on it. The impact is usually limited unless the figure differs a lot from expectations.
AUD RBA Deputy Governor Hauser SpeaksRBA Deputy Gov Hauser Speaks
What it is
This is a public speech or set of remarks by the Deputy Governor of the Reserve Bank of Australia (RBA), one of the central bank's senior officials.
Why it matters
Traders listen for clues about the central bank's view on the economy, inflation and the likely path of interest rates. Its importance usually depends on the content and tone of the remarks.
Usual market reaction
Markets judge whether the comments sound hawkish (hinting at higher or longer-held rates) or dovish (hinting at rate cuts) compared with expectations. Hawkish remarks tend to support the Australian dollar, while dovish ones often weigh on it. If nothing new is said, the reaction is often small.
EUR German Factory Orders (m/m)German Factory Orders m/m Forecast 4.6%Previous -10.6%

Forecast4.6%Previous-10.6%

What it is
This figure, published by Germany's Federal Statistical Office (Destatis), shows the monthly change in the value of new orders placed with German factories.
Why it matters
Orders are a forward-looking sign of future production and the health of German industry, the largest economy in the eurozone. Its importance is usually moderate.
Usual market reaction
Markets compare the actual figure with the forecast. A higher-than-forecast result usually points to a stronger economy and tends to support the euro, while a lower one often weighs on it. The data can swing a lot because of large one-off orders, so reactions are sometimes muted, and the DAX index may also move with the economic outlook.
EUR French Industrial Production (m/m)French Industrial Production m/m Forecast 0.3%Previous -0.3%

Forecast0.3%Previous-0.3%

What it is
This figure, published by France's national statistics office (INSEE), shows the monthly change in the volume of output from factories, mines and utilities.
Why it matters
It helps show the health of French manufacturing and the growth outlook, but it usually moves markets less than German data or eurozone-wide figures.
Usual market reaction
Markets compare the actual figure with the forecast. A higher-than-forecast result often points to a stronger economy and may give the euro slight support, while a lower one can weigh on it a little. Price moves are usually modest unless the result is far from expectations.
EUR Italian Retail Sales m/m Forecast 0.0%Previous 0.3%

Forecast0.0%Previous0.3%

What it is
This measures the monthly change in the value of retail goods sold in Italy. It is published by Italy's national statistics office, ISTAT.
Why it matters
Consumer spending is a major part of any economy, and Italy is one of the eurozone's larger economies. However, this release usually has fairly low importance for the euro.
Usual market reaction
Prices react to the actual figure compared with the forecast. Retail sales above the forecast are often seen as a sign of firm consumer demand and may give the euro (EUR) slight support, while a weaker result tends to weigh on it slightly. The market impact is usually limited unless the figure is far from expectations.
GBP UK Construction PMIConstruction PMI Forecast 46.4Previous 46.1

Forecast46.4Previous46.1

What it is
This is a survey-based index of purchasing managers at UK construction companies. It is compiled by S&P Global and CIPS.
Why it matters
A reading above 50 usually signals the construction sector is expanding, while below 50 suggests contraction. Traders use it as a clue to UK economic momentum, though it is generally less important than the services and manufacturing PMIs.
Usual market reaction
Prices react to the actual figure compared with the forecast. A PMI above the forecast is often read as a sign of a stronger economy and tends to support the pound (GBP), while a lower one usually weighs on it. The reaction is often light to moderate.
EUR Eurozone PPI m/mPPI m/m Forecast 2.5%Previous 1.9%

Forecast2.5%Previous1.9%

What it is
This measures the monthly change in the prices producers receive for their goods at the factory gate. It is published by Eurostat, the European Union's statistics office.
Why it matters
Producer prices often act as an early signal for consumer inflation, so they feed into views on the European Central Bank's (ECB) interest rate path. They are usually less important than CPI.
Usual market reaction
Prices react to the actual figure compared with the forecast. A PPI reading higher than forecast is often read as rising inflation pressure, which may suggest the ECB keeps rates higher for longer and tends to support the euro (EUR). A lower-than-forecast result usually weighs on the euro, though the reaction is often modest.
EUR Spanish 10-Year Bond AuctionSpanish 10-y Bond Auction Previous 4.18|1.6

Previous4.18|1.6

What it is
Spain's Treasury auctions 10-year government bonds to investors to raise money for the government. The results show the average yield and the bid-to-cover ratio, which compares demand with the amount offered.
Why it matters
The result shows how confident investors are in Spain's public finances. It is usually considered a low-to-medium importance event.
Usual market reaction
Traders usually compare the result with the previous auction, or with the forecast if there is one. Strong demand and a lower-than-expected yield tend to be read as confidence and may slightly support the euro. Weak demand or a higher-than-expected yield can signal worry and may weigh a little on the euro, though the overall effect on the currency is often limited.
EUR French 10-Year Bond AuctionFrench 10-y Bond Auction Previous 4.93|2.0

Previous4.93|2.0

What it is
France's debt agency, Agence France Trésor, auctions 10-year government bonds to investors. The results show the average yield and the bid-to-cover ratio, which compares demand with the amount offered.
Why it matters
France is one of the eurozone's largest economies, so the result reflects investor confidence in France and in European bond markets. It is usually considered a low-to-medium importance event.
Usual market reaction
Traders usually compare the result with the previous auction, or with the forecast if there is one. Strong demand and a lower-than-expected yield tend to be read as confidence and may slightly support the euro. Weak demand or a higher-than-expected yield can signal fiscal worries and may weigh a little on the euro, though the effect on the currency is usually not large.
GBP BOE Official Bank RateOfficial Bank Rate Forecast 4.00%Previous 3.75%

Forecast4.00%Previous3.75%

What it is
The main interest rate of the United Kingdom, set by the Bank of England's (BOE) Monetary Policy Committee.
Why it matters
It is one of the biggest drivers of the pound, because interest rates affect borrowing costs, inflation and capital flows.
Usual market reaction
Prices usually react to the actual rate compared with the forecast. A rate higher than expected, or a hawkish signal from the BOE, tends to support the pound, while a lower one often weighs on it. Gold is usually affected only indirectly, through moves in the US dollar. If the result matches expectations, the accompanying statement often matters more.
GBP BOE Monetary Policy Report
What it is
A quarterly report from the Bank of England (BOE), released alongside its rate decision, with forecasts for inflation and economic growth.
Why it matters
It shows how the BOE sees the economy and inflation, which is linked to the future path of interest rates. It is usually a major event for the GBP.
Usual market reaction
Traders usually listen for hints about interest rates. Higher inflation forecasts or a firm tone often support the GBP, while weaker growth forecasts or a softer tone tend to weigh on it. Markets often react to what differs from expectations and can be volatile around the press conference.
GBP BOE Monetary Policy SummaryMonetary Policy Summary
What it is
A document the Bank of England (BOE) publishes alongside its interest rate announcement, explaining the reasons for its decision and its view on inflation and the economy.
Why it matters
Traders read it to judge whether the BOE is leaning toward raising or cutting rates. It is usually considered highly important because it comes out with the rate decision.
Usual market reaction
Prices usually react to the wording compared with what the market expected. If the tone is more hawkish than expected, such as worry about inflation, the pound often gains support; if it is softer or hints at rate cuts, the pound tends to weaken. Pairs like GBP/USD can swing sharply when it is released.
GBP MPC Official Bank Rate Votes Forecast 7-0-2Previous 3-0-6

Forecast7-0-2Previous3-0-6

What it is
A breakdown of how each member of the BOE's Monetary Policy Committee (MPC) voted, for example to hold, raise or cut rates. It is released with the rate decision.
Why it matters
The vote split helps show where rates might go next. When members disagree strongly, the market usually pays closer attention.
Usual market reaction
Prices usually react to the votes compared with what the market expected. If more members vote to raise rates than forecast, the pound often gains support; if more vote to cut than expected, it tends to weaken. Traders often treat dissenting votes as a clue that policy may be changing direction.
GBP BOE Governor Bailey SpeaksBOE Gov Bailey Speaks
What it is
A speech or public comments by the Governor of the Bank of England (BOE), Andrew Bailey, on the economy, inflation and monetary policy.
Why it matters
The Governor is the most influential voice at the BOE, so his words are often used to read where interest rates may head. Its importance depends on the topic and timing.
Usual market reaction
Traders usually listen for hints about rate hikes or cuts and compare the tone with what the market expected. A more hawkish tone than expected tends to support the pound, while a softer tone or worry about slower growth often weighs on it. Prices can be volatile during the speech, especially in any question-and-answer session.

Friday 6 November 2026

EUR Bundesbank President Nagel SpeaksGerman Buba President Nagel Speaks
What it is
Joachim Nagel, president of Germany's central bank (the Bundesbank), speaks publicly. He is also a member of the ECB Governing Council, which sets interest rate policy for the eurozone.
Why it matters
Traders listen for hints about the future direction of ECB interest rates. The importance depends on what is said, and it is often greater when an ECB meeting is near.
Usual market reaction
Hawkish comments, such as worry about inflation or support for keeping rates high, tend to support the euro. Dovish comments, such as openness to rate cuts, tend to weigh on it. Markets often care more about a change in tone than about repeated views.
EUR ECB President Lagarde Speaks
What it is
Christine Lagarde, President of the European Central Bank (ECB), gives a speech or answers questions at an event, usually discussing the eurozone economy and monetary policy.
Why it matters
The ECB sets eurozone interest rates, so the President's words are often watched closely, especially for fresh hints about the direction of rates.
Usual market reaction
Traders usually listen for her view on inflation and growth and for any hint about whether rates may be raised, held or cut. A hawkish tone often supports the euro, while a dovish tone tends to weigh on it. Prices usually react to how the message differs from what the market already expected, and if nothing new is said the move may be small.
EUR German Industrial Production m/m Forecast 0.0%Previous 2.0%

Forecast0.0%Previous2.0%

What it is
This measures the monthly change in output from Germany's factories, energy producers and other industry compared with the previous month. It is published by Germany's federal statistics office, Destatis.
Why it matters
Germany is the largest economy in the eurozone and relies heavily on manufacturing, so this figure helps show the health of both the German and eurozone economies. It is usually of medium importance.
Usual market reaction
Prices tend to react to the actual figure compared with the forecast. A higher-than-forecast result usually supports the euro and may help German stocks, while a lower one usually weighs on the euro. The figure often swings from month to month, so the reaction is not always strong.
GBP UK Lloyds House Price Index m/mLloyds HPI m/m Forecast 0.0%Previous 0.0%

Forecast0.0%Previous0.0%

What it is
This index measures the monthly change in UK house prices compared with the previous month, based on mortgage data from Lloyds Banking Group.
Why it matters
House prices reflect consumer strength, borrowing demand and the effect of interest rates on the UK economy. The release is usually of low to medium importance for the market.
Usual market reaction
Prices tend to react to the actual figure compared with the forecast. A higher-than-forecast rise in house prices usually gives the pound slight support, as it may point to firm demand, while a lower result tends to weigh on it slightly. Moves are often small unless the surprise is large.
EUR French Trade Balance Forecast -5.8BPrevious -6.1B

Forecast-5.8BPrevious-6.1B

What it is
This is the monthly gap between the value of France's exports and imports of goods, published by French customs. Exports above imports give a surplus, while the reverse gives a deficit.
Why it matters
The trade balance shows foreign demand for French goods and how competitive they are. Markets usually give it fairly low weight compared with eurozone inflation or jobs data.
Usual market reaction
Prices tend to react to the actual figure compared with the forecast. A better-than-forecast balance, such as a smaller deficit, usually gives the euro slight support, while a worse result tends to weigh on it slightly. The effect is generally limited.
EUR Eurozone Retail Sales m/mRetail Sales m/m Forecast -0.1%Previous 0.1%

Forecast-0.1%Previous0.1%

What it is
A figure published by Eurostat, the EU's statistics office, showing the month-on-month change in the volume of retail sales across the eurozone.
Why it matters
Consumer spending is a big part of the economy, so this release helps gauge economic health. It usually has a medium level of importance for EUR.
Usual market reaction
Markets tend to compare the actual figure with the forecast. Retail sales higher than forecast usually support the euro because they suggest stronger spending, while a lower figure tends to weigh on it. The reaction can be larger if the data changes expectations about ECB interest rates.
GBP MPC Member Pill Speaks
What it is
A speech or interview by Huw Pill, Chief Economist of the Bank of England (BoE) and a member of its Monetary Policy Committee (MPC).
Why it matters
MPC members vote on UK interest rates, so their comments help the market judge the BoE's likely stance. The importance is usually medium.
Usual market reaction
Traders usually listen for his views on inflation and the jobs market, and whether he leans toward holding or cutting rates. Prices tend to react to his tone compared with market expectations. A more hawkish tone than expected often supports GBP, while a more dovish one may weigh on it.

Calendar data from Forex Factory. Explanations are written by AI for education, not investment advice.