Wednesday 4 November 2026
TraderSite Today's market recap
XAUUSD 4,042.58 ▲ 3.15%EURUSD 1.12507 ▲ 0.54%GBPUSD 1.34767 ▲ 0.46%USDJPY 158.531 ▼ 0.13%AUDUSD 0.70184 ▲ 0.78%USDCAD 1.39562 ▼ 0.34%USDCHF 0.81702 ▼ 0.48%NZDUSD 0.56307 ▲ 0.38%

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.

Sunday 1 November 2026

— USD Daylight Saving Time Shift

Monday 2 November 2026

JPY Japan Manufacturing PMI (Final)Final Manufacturing PMI Forecast 53.3Previous 53.3

Forecast53.3Previous53.3

What it is
An index based on surveys of purchasing managers at Japanese factories about orders, output and hiring, compiled by S&P Global. The final reading is a revision of the earlier flash estimate.
Why it matters
A reading above 50 usually signals that manufacturing is expanding, and below 50 that it is shrinking. It is an early signal of economic health, but the final figure often matters less when it is close to the flash estimate.
Usual market reaction
Markets usually compare the actual figure with the forecast, which is often close to the flash number. A higher-than-forecast result tends to give the yen slight support as it points to a stronger economy, while a lower one often weighs on it. The reaction is usually smaller than for Bank of Japan announcements.
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.
USD Final Manufacturing PMI (US)Final Manufacturing PMI Forecast 56.0Previous 56.0

Forecast56.0Previous56.0

What it is
The final version of the US manufacturing Purchasing Managers' Index, published by S&P Global. It revises the earlier flash estimate released a little before.
Why it matters
Because the flash estimate is already out, the final reading usually has a limited impact unless it differs noticeably from the flash figure.
Usual market reaction
Prices usually react only when the actual figure differs from the forecast, which normally sits close to the flash reading. A higher-than-forecast result often supports the US dollar (USD) and may weigh slightly on gold, while a lower-than-forecast one tends to pressure the dollar and can help gold a little.
USD ISM Manufacturing PMI Forecast 54.5Previous 54.5

Forecast54.5Previous54.5

What it is
A survey index of purchasing managers in the US manufacturing sector, produced by the Institute for Supply Management (ISM). A reading above 50 usually signals expansion in manufacturing, while below 50 signals contraction.
Why it matters
It is one of the earliest signals of US economic health each month, released soon after the month ends. It is usually regarded as a high-importance release.
Usual market reaction
Markets tend to react to the actual figure compared with the forecast. A higher-than-forecast result usually supports the US dollar (USD), while a lower one usually weighs on it. Gold often moves opposite to the dollar, and US stock indices may also react to a stronger or weaker economic picture.
USD ISM Manufacturing Prices Forecast 77.2Previous 77.9

Forecast77.2Previous77.9

What it is
A component of the US ISM Manufacturing report, published by the Institute for Supply Management. It measures whether factories are paying more or less for materials and inputs. A reading above 50 means prices are rising.
Why it matters
It is an early signal of inflation pressure, which feeds into the Federal Reserve's interest rate thinking, so traders pay it fair attention.
Usual market reaction
Prices usually react to the actual figure compared with the forecast. A higher-than-forecast reading points to stronger inflation pressure, which often supports the US dollar and Treasury yields and may weigh on gold and stock indices. A lower-than-forecast result tends to have the opposite effect.
USD Construction Spending m/m (US)Construction Spending m/m Forecast 0.4%Previous 0.9%

Forecast0.4%Previous0.9%

What it is
A measure of the monthly change in the value of construction spending in the United States, published by the US Census Bureau.
Why it matters
It reflects the health of housing and infrastructure, which links to interest rates and economic growth. Its importance is usually low to moderate.
Usual market reaction
Prices usually react to the actual figure compared with the forecast. A higher-than-forecast result often gives slight support to the US dollar as it points to a firmer economy, and may weigh a little on gold. A lower-than-forecast result tends to pressure the dollar. The reaction is generally modest.

Tuesday 3 November 2026

USD Loan Officer Survey
What it is
A survey by the US Federal Reserve that asks bank loan officers about their lending standards and how much borrowers want to take out loans. It is usually released quarterly.
Why it matters
It shows whether banks are tightening or easing credit, which tends to influence spending and investment in the economy. Its market impact is usually low to moderate.
Usual market reaction
Markets often compare the result with the forecast or the previous survey. Easier lending standards and stronger loan demand than expected tend to give the US dollar mild support, while tighter standards than expected may weigh on it because they hint at slower growth. Gold and US stock indices may move with the dollar and with shifting views on interest rates.
— JPY Bank Holiday
USD RCM/TIPP Economic Optimism Forecast 46.2Previous 46.8

Forecast46.2Previous46.8

What it is
A monthly survey of how Americans view the economic outlook, run by RealClearMarkets and TechnoMetrica (TIPP). A reading above 50 reflects a positive outlook.
Why it matters
Consumer confidence tends to be linked to spending, which is a key driver of the US economy. However, this index usually gets less attention than other sentiment surveys, so its importance is generally low.
Usual market reaction
Prices usually react to the actual figure compared with the forecast. A higher-than-forecast reading often gives the US dollar slight support because it signals better confidence, while a lower one tends to weigh on it. A stronger dollar usually pressures gold and a weaker dollar tends to help it, but the reaction to this release is often modest.
USD US JOLTS Job OpeningsJOLTS Job Openings Forecast 7.15MPrevious 7.08M

Forecast7.15MPrevious7.08M

What it is
The Job Openings and Labor Turnover Survey (JOLTS) reports how many unfilled job openings there are in the United States. It is published by the US Bureau of Labor Statistics (BLS).
Why it matters
Traders use it to gauge how tight the labour market is, which the Federal Reserve considers when setting interest rates. It is usually of moderate to fairly high importance.
Usual market reaction
Prices tend to react to the actual figure compared with the forecast. Higher-than-forecast openings often point to a strong job market and can support the US dollar, while a lower figure usually weighs on it. Gold often moves in the opposite direction to the dollar and bond yields, so it may soften when USD strengthens and gain when USD weakens.
USD US Factory Orders (m/m)Factory Orders m/m Forecast 1.2%Previous 0.1%

Forecast1.2%Previous0.1%

What it is
The US Census Bureau publishes the total value of new orders placed with factories for both durable and non-durable goods, compared with the previous month.
Why it matters
It reflects demand for manufactured goods and the health of US industry. However, the durable goods part is usually released earlier, so markets tend to treat this report as medium to fairly low importance.
Usual market reaction
Prices react to the actual figure compared with the forecast. A higher-than-forecast result usually points to a stronger economy and tends to support the US dollar, while a lower result often weighs on it. Gold often moves in the opposite direction to the dollar, so it may soften when the dollar strengthens and firm when the dollar weakens.
USD US Total Vehicle Sales (Omdia)Omdia Total Vehicle Sales Forecast 15.8MPrevious 16.0M

Forecast15.8MPrevious16.0M

What it is
Omdia, a market research firm, estimates total new vehicle sales in the US, usually shown as an annualised pace in millions of units.
Why it matters
Buying a car is a big purchase for households, so the figure gives a hint about consumer spending power and confidence. It is generally treated as a lower-importance release.
Usual market reaction
Prices react to the actual figure compared with the forecast. Higher-than-forecast sales suggest consumers are still spending and tend to support the US dollar, while weaker sales may weigh on it slightly. The reaction is often small, and gold tends to move in the opposite direction to the dollar.
USD US Congressional ElectionsCongressional Elections
What it is
Elections for seats in the US House of Representatives and part of the Senate, held on a fixed schedule by federal and state authorities.
Why it matters
The result shows which party controls Congress, which can shape fiscal policy, taxes and government spending. Traders watch it, though it is usually less important than major economic data.
Usual market reaction
Markets do not react to a figure here but to whether the outcome matches expectations. If the result differs a lot from what was priced in, the US dollar may become more volatile as investors rethink fiscal policy and government borrowing. Gold and US stock indices often move with the dollar and overall risk mood.

Wednesday 4 November 2026Today

USD API Weekly Statistical Bulletin (US crude oil stocks)API Weekly Statistical Bulletin
What it is
A weekly report from the American Petroleum Institute (API) showing changes in US stocks of crude oil, gasoline and distillates. It usually comes out after the market close on Tuesday.
Why it matters
Traders see it as an early hint before the official EIA report that follows. Its importance for the USD is usually low to moderate, but the oil market pays fairly close attention.
Usual market reaction
Markets react to the actual figure compared with the forecast. A bigger-than-expected fall in stocks is often read as strong demand or tight supply and tends to support oil prices, while a bigger-than-expected build tends to weigh on oil. The effect on the USD and gold is usually limited, but oil-linked currencies such as the CAD may move with oil prices.
JPY Monetary Base (YoY) – JapanMonetary Base y/y Forecast -14.0%Previous -15.2%

Forecast-14.0%Previous-15.2%

What it is
Data from the Bank of Japan (BoJ) showing the yearly change in the monetary base, which is the cash in circulation plus the deposits financial institutions hold at the BoJ.
Why it matters
It gives a sense of how much liquidity the BoJ is supplying and the direction of its policy, but its importance for markets is usually low.
Usual market reaction
Markets compare the actual figure with the forecast. Faster-than-expected growth may suggest looser policy and tends to weigh slightly on the JPY, while a lower-than-expected or negative figure may suggest less stimulus and often supports the JPY. The reaction is usually mild compared with BoJ meetings or speeches.
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.
USD ADP Non-Farm Employment Change Forecast 67KPrevious 90K

Forecast67KPrevious90K

What it is
A report on the monthly change in US private-sector jobs (excluding farms), published by the payroll company ADP based on its client payroll data.
Why it matters
It usually comes out before the official NFP report, so traders use it as a hint about the US labor market. Its record at predicting NFP is mixed, so its importance is usually moderate.
Usual market reaction
Prices react to the actual figure compared with the forecast. A higher-than-forecast result usually supports the US dollar (USD) because it suggests a stronger economy, while a lower one tends to weigh on it. Gold often moves opposite to the dollar, so it may soften when the dollar firms and rise when the dollar weakens.
USD US Trade BalanceTrade Balance Forecast -107.9BPrevious -105.6B

Forecast-107.9BPrevious-105.6B

What it is
The difference between the value of US exports and imports of goods and services, published by the US Census Bureau and the Bureau of Economic Analysis (BEA).
Why it matters
It shows foreign demand for US products and the demand for dollars needed to pay for them. Its impact is usually modest compared with key releases such as CPI or NFP.
Usual market reaction
Prices react to the actual figure compared with the forecast. A smaller-than-forecast deficit (a better number) usually supports the US dollar (USD), while a larger deficit tends to weigh on it. The effect on gold is often small, and gold generally moves opposite to the dollar.
USD US Final Services PMIFinal Services PMI Forecast 57.9Previous 57.9

Forecast57.9Previous57.9

What it is
A survey-based index of activity in the US services sector, compiled by S&P Global from responses by purchasing managers. The final reading revises the earlier flash estimate, and a value above 50 usually signals expansion.
Why it matters
Services make up most of the US economy, so traders use this to gauge economic momentum. The final figure is often close to the flash estimate, so its impact is usually moderate.
Usual market reaction
Markets react to the actual figure compared with the forecast. A higher-than-forecast result tends to support the US dollar, as it suggests a stronger economy and possibly rates staying higher for longer, while a lower result often weighs on it. Gold often moves in the opposite direction to the dollar, though other factors matter too.
USD ISM Services PMI (US)ISM Services PMI Forecast 54.8Previous 54.9

Forecast54.8Previous54.9

What it is
This is a survey of purchasing managers in the US services sector, produced by the Institute for Supply Management (ISM). A reading above 50 suggests the services sector is expanding, while below 50 suggests it is contracting.
Why it matters
Services make up most of the US economy, so this report helps show the economy's direction and price pressures. It is usually seen as a high to medium importance release.
Usual market reaction
Prices tend to react to the actual figure compared with the forecast. A higher-than-forecast reading often supports the US dollar, since it points to a firmer economy and may make Fed rate cuts less likely soon, while a lower reading usually weighs on the dollar. Gold often moves in the opposite direction to the dollar in the short term, and stock indices can react differently depending on how the data changes interest rate expectations.
USD US Crude Oil InventoriesCrude Oil Inventories Forecast -1.7MPrevious -1.9M

Forecast-1.7MPrevious-1.9M

What it is
A weekly report from the US Energy Information Administration (EIA) showing the change in the amount of commercial crude oil stored in the US compared with the previous week.
Why it matters
It gives a snapshot of US oil supply and demand, and the US is one of the world's largest oil consumers and producers, so oil traders watch it closely. Its direct effect on currencies is usually smaller than major economic data.
Usual market reaction
Oil prices often react to the actual figure compared with the forecast. A larger-than-expected build (more supply) tends to weigh on oil prices, while a larger-than-expected draw usually supports them. The effect on the US dollar is typically indirect and modest, though oil prices can influence inflation expectations and oil-linked currencies.

Thursday 5 November 2026

JPY BoJ Monetary Policy Meeting MinutesMonetary Policy Meeting Minutes
What it is
A summary of the discussions at the Bank of Japan's previous monetary policy meeting, published some time after the meeting. It shows what board members said about the economy, inflation and interest rates.
Why it matters
Traders read it for clues about when the BoJ might change policy or interest rates. Its importance is usually moderate, and it can matter more when markets are focused on a possible policy shift.
Usual market reaction
There is no single number to compare, so traders look at whether the tone is more hawkish (leaning towards higher rates or less stimulus) or more dovish than expected. A hawkish tone often supports the yen, while a cautious tone with ongoing easy policy tends to weigh on it. Because the meeting has already happened, the reaction is often smaller than on the decision day.
JPY Japan 10-Year Bond Auction10-y Bond Auction Previous 3.10|3.8

Previous3.10|3.8

What it is
This is an auction in which Japan's Ministry of Finance sells 10-year government bonds to investors and financial institutions to raise funds for the government.
Why it matters
The result shows how strong demand is for Japanese government debt and where bond yields may be heading, which traders watch regularly. Its importance is usually moderate.
Usual market reaction
Markets often look at the bid-to-cover ratio and the average yield compared with the previous auction and expectations. Strong demand and higher yields tend to support the yen, while weak demand often pressures bond prices and can cause short-lived volatility. The usual link to gold or stock indices is not very clear-cut.
USD Challenger Job Cuts y/y Previous -19.9%

Previous-19.9%

What it is
Challenger, Gray & Christmas, a US employment consulting firm, publishes the number of job cuts announced by US employers. This figure shows the change compared with the same period a year earlier.
Why it matters
It offers a hint about whether the US labor market is weakening or staying strong, often ahead of jobs reports such as NFP. It is usually a low-to-medium importance release.
Usual market reaction
Traders usually compare the actual figure with the forecast or the previous reading. Higher-than-forecast job cuts tend to be read as a weaker labor market, which often weighs on the US dollar, while lower-than-forecast cuts usually support it. Gold often moves in the opposite direction to the dollar, so it may get support when the dollar weakens, although this link is not always consistent.
USD US Unemployment ClaimsUnemployment Claims Forecast 197KPrevious 194K

Forecast197KPrevious194K

What it is
This is a weekly figure showing how many people in the US filed for unemployment benefits for the first time. It is published by the US Department of Labor.
Why it matters
It is an early signal of how healthy the job market is, which the Fed considers when setting interest rates. The figure can swing from week to week, so it is usually of medium importance.
Usual market reaction
Prices tend to react to the actual figure compared with the forecast. This data works in reverse: a lower-than-forecast number suggests a stronger job market and usually supports the US dollar, while a higher-than-forecast number suggests a weaker one and often weighs on the dollar. Gold often moves opposite to the dollar in the short term.
USD Preliminary Unit Labor Costs q/qPrelim Unit Labor Costs q/q Forecast 0.3%Previous 1.3%

Forecast0.3%Previous1.3%

What it is
The US Bureau of Labor Statistics (BLS) publishes this figure, which measures the change in labor costs needed to produce one unit of output compared with the previous quarter. It is usually released together with labor productivity data.
Why it matters
Fast-rising labor costs can add pressure on inflation, which the Fed considers when setting interest rates. It is usually a medium-importance release.
Usual market reaction
Traders usually compare the actual figure with the forecast. A higher-than-forecast result tends to be read as more inflation pressure and may lead markets to expect rates to stay higher for longer, which often supports the US dollar, while a lower result usually weighs on it. Gold often moves opposite to the dollar and bond yields, so it may soften when the dollar strengthens, but because this figure is often revised later, the reaction is usually moderate.
USD US Preliminary Nonfarm Productivity q/qPrelim Nonfarm Productivity q/q Forecast 2.8%Previous 1.4%

Forecast2.8%Previous1.4%

What it is
This measures how much output US workers produce per hour worked. It is published by the US Bureau of Labor Statistics (BLS) as a preliminary quarterly figure.
Why it matters
Traders watch it because it reflects how efficiently the economy is running and ties into labor costs and inflation. 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 is often read as a sign of a healthy economy and usually supports the US dollar, while a lower result tends to weigh on it. The reaction can be mixed because traders also look at unit labor costs released alongside it. Gold often moves in the opposite direction to the dollar.
USD FOMC Member Hammack Speaks
What it is
Beth Hammack is the president of the Cleveland Federal Reserve Bank and takes part in FOMC meetings, which set US interest rate policy.
Why it matters
Comments from FOMC participants help the market guess where interest rates may head next. The importance usually depends on the speaker's influence and what is said.
Usual market reaction
Traders listen for hints about interest rates, inflation and the job market. A hawkish tone (leaning toward higher or longer-held rates) tends to support the US dollar and may weigh on gold, while a dovish tone (leaning toward rate cuts) often pressures the dollar and may support gold. Moves are usually modest unless the speech contains something new.
USD FOMC Member Barkin Speaks
What it is
Tom Barkin is the president of the Richmond Federal Reserve Bank and takes part in FOMC meetings, which set US interest rate policy.
Why it matters
Traders watch because his remarks can reveal views on the economy and interest rates, helping the market gauge Fed policy. The importance is usually low to medium.
Usual market reaction
Traders listen for hints about rates, inflation and the labor market. A hawkish tone tends to support the US dollar and may weigh on gold, while a dovish tone often pressures the dollar and may support gold. If there is nothing new, the market reaction is usually small.
USD US Natural Gas StorageNatural Gas Storage Forecast 81BPrevious 80B

Forecast81BPrevious80B

What it is
A weekly report from the US Energy Information Administration (EIA) showing how much natural gas is held in underground storage in the US and how that changed from the previous week.
Why it matters
Energy traders use it to judge the balance between natural gas supply and demand, so it mainly affects natural gas prices. Its impact on currencies and broader markets is usually limited.
Usual market reaction
Prices tend to react to the actual figure compared with the forecast. A bigger-than-expected build (or a smaller-than-expected draw) suggests more supply and usually weighs on natural gas prices, while a smaller build or larger draw often supports them. The effect on the US dollar and gold is generally small.

Friday 6 November 2026

JPY Japan Average Cash Earnings y/yAverage Cash Earnings y/y Forecast 3.8%Previous 3.8%

Forecast3.8%Previous3.8%

What it is
This measures the change in average total pay for workers in Japan, including bonuses and overtime, compared with a year earlier. It is published by Japan's Ministry of Health, Labour and Welfare.
Why it matters
The Bank of Japan (BoJ) watches wages because sustained pay growth supports inflation and can influence interest rate decisions. The release is usually of medium to high importance for JPY pairs.
Usual market reaction
Prices tend to react to the actual figure compared with the forecast. A higher-than-forecast result usually supports the yen, as markets may see a greater chance of a BoJ rate hike, while a lower one usually weighs on it. The reaction can vary depending on what else is going on in the market.
USD FOMC Member Williams Speaks
What it is
John Williams, President of the New York Fed and Vice Chair of the FOMC, gives a public speech or interview.
Why it matters
He is a key voice on the FOMC, which sets US interest rates, so his comments are often watched for hints about the policy path.
Usual market reaction
Traders listen for clues about interest rates, inflation and the labour market. A hawkish tone, or hints that rates may stay high for longer, usually supports the US dollar and can weigh on gold and stock indices, while a dovish tone tends to do the opposite. Markets usually react to surprises versus what was expected, not to every remark.
USD Average Hourly Earnings m/m Forecast 0.3%Previous 0.1%

Forecast0.3%Previous0.1%

What it is
This shows how much average hourly pay for US workers changed compared with the previous month. It is published by the US Bureau of Labor Statistics (BLS) alongside the NFP jobs report.
Why it matters
Rising wages can push up prices, so this figure is linked to the Fed's interest rate decisions. It is usually considered a very important release.
Usual market reaction
Markets tend to react to the actual figure compared with the forecast. A higher-than-forecast result usually supports the US dollar (USD), while a lower one usually weighs on it. Gold often moves in the opposite direction to the dollar, so a stronger dollar tends to pressure gold.
USD Non-Farm Payrolls (NFP)Non-Farm Employment Change Forecast 65KPrevious 29K

Forecast65KPrevious29K

What it is
NFP shows how many jobs the US economy added or lost in the previous month, excluding farm work. It is published by the US Bureau of Labor Statistics (BLS).
Why it matters
The job market reflects the health of the US economy and influences the Federal Reserve's interest-rate decisions, so this is one of the most closely watched releases in the world.
Usual market reaction
Prices usually react to the actual figure compared with the forecast. A higher-than-forecast number tends to support the US dollar, as it points to a strong economy and may keep interest rates higher for longer; a lower-than-forecast number often weighs on the dollar. Gold often moves in the opposite direction to the dollar, and both currencies and US stock indices can be very volatile around the release.
USD US Unemployment RateUnemployment Rate Forecast 4.2%Previous 4.2%

Forecast4.2%Previous4.2%

What it is
The unemployment rate is the share of the US labour force that has no job but is actively looking for one. It is published by the US Bureau of Labor Statistics (BLS) together with the NFP report.
Why it matters
Employment is one of the Federal Reserve's two main goals alongside inflation, so this figure shapes expectations for interest rates and is closely watched.
Usual market reaction
Prices usually react to the actual figure compared with the forecast. A lower-than-forecast unemployment rate tends to support the US dollar because it signals a strong job market, while a higher-than-forecast rate often weighs on it. Gold often moves in the opposite direction to the dollar, so it may find support when the dollar weakens.
USD FOMC Member Musalem Speaks
What it is
A speech or interview by Alberto Musalem, President of the Federal Reserve Bank of St. Louis and a member of the FOMC.
Why it matters
The FOMC sets US interest rates, which affect markets worldwide, so comments from its members help traders read the policy direction. The importance is usually medium.
Usual market reaction
Traders usually listen for his views on inflation, jobs and the path of interest rates. Prices tend to react to his tone compared with what the market expects. A more hawkish tone than expected often supports the US dollar and tends to pressure gold, while a more dovish tone may weaken the dollar and often supports gold.
USD UoM Consumer Sentiment (Preliminary)Prelim UoM Consumer Sentiment Forecast 48.1Previous 46.3

Forecast48.1Previous46.3

What it is
A survey of how American households feel about the economy and their own finances, produced by the University of Michigan. The preliminary reading usually comes out mid-month, followed by a final figure later.
Why it matters
Consumer spending is a large part of the US economy, and the survey also includes inflation expectations that the Fed pays attention to. It is usually a medium-impact release.
Usual market reaction
Markets usually compare the actual figure with the forecast. A higher-than-forecast reading tends to support the US dollar because confident consumers may spend more, while a lower reading often weighs on it. Gold sometimes moves in the opposite direction to the dollar, and the inflation expectations in the report can also shift views on interest rates.
USD Prelim UoM Inflation Expectations (US)Prelim UoM Inflation Expectations Previous 4.7%

Previous4.7%

What it is
A preliminary survey from the University of Michigan (UoM) asking US consumers how much they expect prices to rise, over both the next year and the longer term. The preliminary figure comes first and a final figure follows later.
Why it matters
The Federal Reserve (Fed) pays attention to what people expect for inflation because it can influence spending and price-setting, so this data can shape interest-rate expectations. Its importance is usually moderate to fairly high.
Usual market reaction
Markets usually compare the actual figure with the forecast. Higher-than-forecast inflation expectations may lead traders to think the Fed will keep rates high for longer, which tends to support the US dollar and bond yields and often weighs on gold. A lower-than-forecast figure usually has the opposite effect. Reactions tend to be stronger when the result differs a lot from expectations.
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.

Saturday 7 November 2026

USD FOMC Member Bowman Speaks
What it is
A speech or interview by Michelle Bowman, a member of the Federal Reserve Board who serves as Vice Chair for Supervision and sits on the FOMC.
Why it matters
The FOMC sets US interest rates, and her comments can hint at her views on monetary policy and bank regulation. The importance is usually medium.
Usual market reaction
Traders usually listen for what she says about inflation, the jobs market and the chance of rate changes. Prices tend to react to her tone compared with market expectations. A more hawkish tone than expected often supports the US dollar and tends to pressure gold, while a more dovish tone may weaken the dollar and often supports gold. If she focuses mainly on bank regulation, the market reaction is often smaller.
USD Consumer Credit m/m Forecast 13.4BPrevious 8.3B

Forecast13.4BPrevious8.3B

What it is
A report from the US Federal Reserve showing how much consumer borrowing, such as credit cards and car loans, changed compared with the previous month.
Why it matters
It gives a hint of how willing Americans are to spend and borrow, and consumer spending is a big part of the US economy. Still, it is usually a lower-impact release for markets.
Usual market reaction
Prices react to the actual figure compared with the forecast. A higher-than-forecast result often points to strong spending and may give the US dollar slight support, while a lower one tends to weigh on it slightly. Moves in gold and stock indices from this release are usually modest.

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