Economic calendar

Tuesday 3 November 2026

— JPY Bank Holiday

14:30 CHF Swiss CPI m/mCPI m/m Forecast 0.0%Previous 0.0%

What it is: The Consumer Price Index (CPI) measures the monthly change in the prices of goods and services bought by households in Switzerland. It is published by the Swiss Federal Statistical Office (FSO).
Why it matters: Traders watch it because it is a key inflation gauge that the Swiss National Bank (SNB) considers when setting interest rates. It is usually of moderate importance for the Swiss franc.
Usual market reaction: Prices tend to react to the actual figure compared with the forecast. A higher-than-forecast reading usually supports the franc, as markets may expect the SNB to be slower to cut rates, while a lower reading often weighs on CHF. The reaction is often milder than for major US data.

17:00 EUR Eurozone Core CPI Flash Estimate (y/y)Core CPI Flash Estimate y/y Forecast 2.5%Previous 2.5%

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.

17:00 EUR Eurozone CPI Flash Estimate y/yCPI Flash Estimate y/y Forecast 4.0%Previous 3.8%

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.

19:40 CHF SNB Chairman Schlegel Speaks

What it is: This is a public speech or set of remarks by Martin Schlegel, Chairman of the Swiss National Bank (SNB), which is Switzerland's central bank.
Why it matters: A central bank chief's comments can offer clues about interest rates, monetary policy and the central bank's view of the Swiss franc. Traders follow it, and its importance usually depends on what is said.
Usual market reaction: Traders usually listen for hints about rate changes, views on inflation or possible action on the currency. If the tone is firmer than the market expects, the Swiss franc often strengthens, while a softer tone than expected tends to weigh on it. Gold sometimes draws attention when the franc moves sharply, as both are often seen as safe-haven assets.

01:00 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.

23:00 JPY BOJ Governor Ueda SpeaksBOJ Gov Ueda Speaks

What it is: Kazuo Ueda, Governor of the Bank of Japan (BOJ), gives a speech or public remarks about the economy and monetary policy.
Why it matters: The governor guides Japan's interest rate policy, so traders watch his words closely. It is usually seen as a high-importance event.
Usual market reaction: Traders usually listen for hints about whether the BOJ may raise interest rates or keep policy loose. If the tone is more hawkish than the market expects, the yen (JPY) often strengthens; if it is more dovish than expected, the yen tends to weaken. Prices can move sharply while he is speaking.