Thursday 5 November 2026
TraderSite Today's market recap
XAUUSD 4,064.98 ▲ 0.17%EURUSD 1.12298 ▲ 0.06%GBPUSD 1.34721 ▲ 0.03%USDJPY 158.464 ▼ 0.01%AUDUSD 0.70075 ▼ 0.02%USDCAD 1.39698 ▼ 0.02%USDCHF 0.81692 ▼ 0.04%NZDUSD 0.56229 ▲ 0.02%

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

— CAD Daylight Saving Time Shift

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.
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.
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.
CHF Swiss Retail Sales y/yRetail Sales y/y Forecast 3.0%Previous 3.2%

Forecast3.0%Previous3.2%

What it is
The change in retail sales in Switzerland compared with the same period a year earlier, published by the Swiss Federal Statistical Office (FSO).
Why it matters
It shows how strong domestic consumer spending is, which ties into growth and inflation. The impact on markets is usually fairly small.
Usual market reaction
Prices tend to react to the actual figure compared with the forecast. A higher-than-forecast result usually gives slight support to the Swiss franc (CHF), as it points to a healthy domestic economy, while a lower result tends to weigh on it. The franc is often driven more by global risk sentiment and Swiss National Bank signals.
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.
CHF Swiss Manufacturing PMIManufacturing PMI Forecast 55.3Previous 55.3

Forecast55.3Previous55.3

What it is
A monthly survey of purchasing managers in Switzerland's manufacturing sector, published by procure.ch. A reading above 50 suggests expansion, while below 50 suggests contraction.
Why it matters
It helps gauge the health of Swiss industry, which relies heavily on exports. It is generally of moderate importance.
Usual market reaction
Prices react to the actual figure compared with the forecast. A higher-than-forecast result usually supports the Swiss franc (CHF), while a lower one tends to weigh on it. However, the franc is often seen as a safe haven, so it may respond more to global risk mood than to this release alone.
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.
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.
CAD Manufacturing PMI (Canada)Manufacturing PMI Previous 51.5

Previous51.5

What it is
A survey of purchasing managers at Canadian factories about new orders, output and hiring, published by S&P Global. A reading above 50 means the manufacturing sector is expanding.
Why it matters
It comes out early in the month and gives a quick read on the economy, so traders watch it, though its importance is usually moderate.
Usual market reaction
Prices usually react to the actual figure compared with the forecast. A higher-than-forecast PMI often supports the Canadian dollar (CAD) as it points to a stronger economy, while a lower-than-forecast result tends to weigh on it, especially if the reading falls below 50.

Tuesday 3 November 2026

NZD NZ Building Consents m/mBuilding Consents m/m Previous 5.6%

Previous5.6%

What it is
The monthly change in the number of permits issued for new homes in New Zealand, published by the statistics agency Stats NZ.
Why it matters
Building permits are often an early sign of construction activity and the housing market, both of which affect the economy. The figure tends to be volatile from month to month, so its market impact 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 supports the New Zealand dollar (NZD) because it points to a firmer property sector, while a lower one tends to weigh on it. Traders often read it alongside other data and the Reserve Bank of New Zealand's stance on interest rates.
— JPY Bank Holiday
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.
CHF Swiss CPI m/mCPI m/m Forecast 0.0%Previous 0.0%

Forecast0.0%Previous0.0%

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.
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.
NZD GDT Price Index (Global Dairy Trade)GDT Price Index Previous 2.5%

Previous2.5%

What it is
Global Dairy Trade (GDT) is an online auction platform for dairy products such as milk powder and butter, held regularly, usually twice a month. The index shows the change in average prices from each auction.
Why it matters
Dairy is one of New Zealand's biggest exports, so dairy prices are linked to national income. NZD traders in particular tend to pay fair attention to it.
Usual market reaction
Prices react to the actual figure compared with the forecast or the previous auction. A higher-than-forecast result tends to support the New Zealand dollar because it suggests better export earnings, while a lower result often weighs on it. The impact is usually limited mainly to NZD pairs.
NZD GDT Price Index (Global Dairy Trade)GDT Price Index Previous 2.5%

Previous2.5%

What it is
Global Dairy Trade (GDT) is an online auction platform for dairy products such as milk powder and butter, held regularly, usually twice a month. The index shows the change in average prices from each auction.
Why it matters
Dairy is one of New Zealand's biggest exports, so dairy prices are linked to national income. NZD traders in particular tend to pay fair attention to it.
Usual market reaction
Prices react to the actual figure compared with the forecast or the previous auction. A higher-than-forecast result tends to support the New Zealand dollar because it suggests better export earnings, while a lower result often weighs on it. The impact is usually limited mainly to NZD pairs.
CAD BOC Governor Macklem SpeaksBOC Gov Macklem Speaks
What it is
Tiff Macklem, Governor of the Bank of Canada (BOC), gives a speech or public remarks about the Canadian economy and monetary policy.
Why it matters
As the person with the most influence over Canada's interest-rate direction, the Governor's words are closely watched. Importance depends on the content but is usually moderate to high.
Usual market reaction
Traders usually listen for hints about whether rates may be raised, held or cut, and for views on inflation and growth. A hawkish tone tends to support the Canadian dollar (CAD), while a dovish tone often weighs on it. Markets compare the remarks with what was already expected, and prices can be volatile during the speech or Q&A.

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.
NZD NZ Unemployment RateUnemployment Rate Forecast 5.5%Previous 5.6%

Forecast5.5%Previous5.6%

What it is
The share of people actively looking for work compared with New Zealand's total labour force, published quarterly by Stats NZ.
Why it matters
It is a key job-market gauge that the RBNZ considers when deciding on interest rates, so it is usually an important release for the NZD.
Usual market reaction
Prices react to the actual figure compared with the forecast. Here a lower number means a stronger job market, so a lower-than-forecast rate usually supports the NZD, while a higher-than-forecast rate tends to weigh on it. This is because the market may then expect the RBNZ to ease policy more.
NZD NZ Employment Change (q/q)Employment Change q/q Forecast 0.4%Previous 0.5%

Forecast0.4%Previous0.5%

What it is
The quarterly change in the number of employed people in New Zealand, published by Stats NZ.
Why it matters
The job market shows how healthy the economy is and affects inflation pressure, which the Reserve Bank of New Zealand (RBNZ) weighs when setting interest rates. It is usually an important release for the NZD.
Usual market reaction
Prices react to the actual figure compared with the forecast. A higher-than-forecast result usually supports the New Zealand dollar, as it may suggest the RBNZ is in less of a hurry to cut rates. A lower-than-forecast result tends to weigh on the NZD.
NZD Labour Cost Index (QoQ) – New ZealandLabor Cost Index q/q Forecast 0.5%Previous 0.7%

Forecast0.5%Previous0.7%

What it is
A quarterly release from Stats NZ that measures changes in the salaries and wages employers pay for the same work.
Why it matters
Rising wages can feed into inflation, so the Reserve Bank of New Zealand (RBNZ) follows it closely. Its importance is usually moderate.
Usual market reaction
Markets look at the actual figure compared with the forecast. A higher-than-forecast result may point to inflation pressure and suggest the RBNZ could keep interest rates high for longer, which usually supports the NZD. A lower-than-forecast result tends to weigh on the NZD.
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.
NZD ANZ Commodity Prices (MoM) – New ZealandANZ Commodity Prices m/m Previous 0.6%

Previous0.6%

What it is
A monthly index from ANZ Bank that tracks changes in the prices of New Zealand's main export commodities, such as dairy, meat and forestry products.
Why it matters
New Zealand relies heavily on farm and commodity export income, so price changes reflect the country's earnings. Its importance is usually low to moderate.
Usual market reaction
Markets look at the actual figure compared with the forecast. A larger-than-expected rise in commodity prices tends to support the NZD because export income may improve, while a fall or a weaker-than-expected result tends to weigh on it. The reaction is usually modest.
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.
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.
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.
CAD Canada Trade BalanceTrade Balance Forecast 4.8BPrevious 4.2B

Forecast4.8BPrevious4.2B

What it is
The difference between the value of Canada's exports and imports of goods and services, published by Statistics Canada.
Why it matters
Canada relies heavily on exports, especially oil and commodities sold to the US, so this figure reflects demand for Canadian goods. Its importance is usually moderate.
Usual market reaction
Prices react to the actual figure compared with the forecast. A better-than-forecast balance (a larger surplus or smaller deficit) usually supports the Canadian dollar (CAD), while a worse one tends to weigh on it. Changes in oil prices can also influence exports and how CAD reacts.

Thursday 5 November 2026Today

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.
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.
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.
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.
CHF Swiss Unemployment RateUnemployment Rate Forecast 3.1%Previous 3.1%

Forecast3.1%Previous3.1%

What it is
This shows the share of the Swiss labour force that is out of work. It is published monthly by the State Secretariat for Economic Affairs (SECO).
Why it matters
Traders use it to gauge the health of the Swiss labour market and economy, which can influence the Swiss National Bank's (SNB) view on interest rates. It is usually of medium importance.
Usual market reaction
Prices react to the actual figure compared with the forecast. A higher-than-forecast unemployment rate is often read as a weaker economy and tends to weigh on the Swiss franc (CHF), while a lower-than-forecast figure usually supports it. The reaction is often modest compared with inflation data or central bank meetings.
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.
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.
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.
CAD BOC Governor Macklem SpeaksBOC Gov Macklem Speaks
What it is
Tiff Macklem, Governor of the Bank of Canada (BOC), gives a speech or public remarks about the Canadian economy and monetary policy.
Why it matters
As the person with the most influence over Canada's interest-rate direction, the Governor's words are closely watched. Importance depends on the content but is usually moderate to high.
Usual market reaction
Traders usually listen for hints about whether rates may be raised, held or cut, and for views on inflation and growth. A hawkish tone tends to support the Canadian dollar (CAD), while a dovish tone often weighs on it. Markets compare the remarks with what was already expected, and prices can be volatile during the speech or Q&A.

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.
CAD Canada Annual Budget ReleaseAnnual Budget Release
What it is
Canada's federal government, through the Department of Finance, presents its plans for revenue, spending, the deficit and borrowing for the fiscal year.
Why it matters
The budget shows the direction of fiscal policy, such as spending levels and government debt, which can affect economic growth and confidence in the Canadian dollar. Its importance is usually moderate and depends on whether it contains surprises.
Usual market reaction
Markets usually compare the actual numbers, such as the size of the deficit and borrowing plans, with what analysts expected. If the plan looks more disciplined or more growth-friendly than expected, the Canadian dollar (CAD) often gets support, while a much larger deficit or borrowing need than expected can weigh on it. The budget can also influence bond yields and interest-rate expectations, but reactions tend to be modest without surprises.
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.
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.
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.
CHF Swiss Foreign Currency ReservesForeign Currency Reserves Previous 770B

Previous770B

What it is
A monthly figure published by the Swiss National Bank (SNB) showing the value of foreign currency assets it holds.
Why it matters
Traders watch it for clues on whether the SNB may be intervening in the currency market to limit the Swiss franc's strength. It usually has a fairly small market impact.
Usual market reaction
Markets tend to compare the actual figure with the forecast. Reserves higher than forecast may suggest the SNB bought more foreign currency to hold back the franc, which can slightly weigh on CHF, while a lower figure may be read the opposite way. However, the number is also affected by changes in asset values, so the signal is often unclear.
CHF SECO Consumer Climate Forecast -35Previous -36

Forecast-35Previous-36

What it is
A quarterly survey by Switzerland's State Secretariat for Economic Affairs (SECO) asking households about the economy, their own finances and job security.
Why it matters
Consumer confidence gives a clue about whether people may spend more or less, which affects economic growth. It is usually seen as a low-to-medium importance release.
Usual market reaction
Markets tend to compare the actual reading with the forecast. A higher-than-forecast reading, showing more optimism, usually supports CHF slightly, while a lower one tends to weigh on the franc. The reaction is often modest.
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.
CHF SNB Governing Board Member Tschudin SpeaksGov Board Member Tschudin Speaks
What it is
A speech or interview by Petra Tschudin, a member of the Governing Board of the Swiss National Bank (SNB).
Why it matters
Comments from policymakers can hint at the direction of interest rates and the central bank's view on the Swiss franc. The importance is usually low to medium unless she signals something different from market expectations.
Usual market reaction
Traders usually listen for remarks on inflation, interest rates or the strength of the franc. Prices tend to react to her tone compared with what the market already expects. If she sounds more hawkish than expected, CHF often gains support, while a more dovish tone may weigh on it. Often there is nothing new and the reaction can be small.
CAD Canada Employment ChangeEmployment Change Forecast 14.6KPrevious -68.3K

Forecast14.6KPrevious-68.3K

What it is
This shows how many more or fewer people in Canada had a job in the previous month. It is published by Statistics Canada as part of its Labour Force Survey.
Why it matters
Employment reflects the strength of the Canadian economy and is one of the factors the Bank of Canada considers when setting interest rates, so it is an important release for the Canadian dollar.
Usual market reaction
Prices usually react to the actual figure compared with the forecast. A higher-than-forecast job gain tends to support the Canadian dollar, as it suggests a healthy economy, while a lower-than-forecast or negative result often weighs on it. USD/CAD can be especially volatile when this is released alongside US jobs data.
CAD Canada Unemployment RateUnemployment Rate Forecast 6.5%Previous 6.5%

Forecast6.5%Previous6.5%

What it is
The unemployment rate is the share of people in the labour force who are without a job and looking for work. It is published monthly by Statistics Canada.
Why it matters
It is a key gauge of the Canadian job market and one of the inputs the Bank of Canada looks at when considering interest rates. It is usually released together with the employment change figure.
Usual market reaction
Prices usually react to the actual figure compared with the forecast. Unlike job-growth data, a lower-than-forecast unemployment rate tends to support the Canadian dollar because it points to a strong job market, while a higher-than-forecast rate often weighs on it. The reaction often also depends on the employment figure released at the same time.
CAD Ivey PMI (Canada)Ivey PMI Forecast 57.7Previous 58.2

Forecast57.7Previous58.2

What it is
The Ivey Purchasing Managers Index (PMI) is published by the Ivey Business School and is based on a survey of purchasing managers across Canada about business activity.
Why it matters
Purchasing managers often see changes in demand early, so the index gives a timely read on the health of the Canadian economy. A reading above 50 usually signals expansion and below 50 contraction. Its importance is usually moderate.
Usual market reaction
Markets usually compare the actual reading with the forecast. A higher-than-forecast result tends to support the Canadian dollar (CAD) because it points to a stronger economy, while a lower-than-forecast result often weighs on it. Moves are usually smaller than for major data such as jobs figures or Bank of Canada rate decisions.
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

NZD New Zealand Parliamentary ElectionsParliamentary Elections
What it is
A general election in which New Zealand voters choose members of Parliament, which determines which party or parties form the government.
Why it matters
The result can shape budget, tax and economic policy, so it affects investor confidence in the New Zealand dollar. It tends to matter more when the result is close.
Usual market reaction
Markets usually compare the outcome with expectations from polls and news. A clear result with policies the market views favourably may support the New Zealand dollar (NZD), while an unclear result or uncertainty often leads to volatility or weakness. The Reserve Bank of New Zealand sets rates independently, so the impact usually comes from sentiment rather than direct rate changes.

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