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

16:30 GBP UK Final Manufacturing PMIFinal Manufacturing PMI Forecast 52.8Previous 52.8

What it is: A survey-based index of factory-sector conditions in the United Kingdom, compiled by S&P Global from purchasing managers at manufacturers. The final reading revises the earlier flash estimate.
Why it matters: It shows whether UK manufacturing is expanding or contracting, with 50 as the dividing line. The Bank of England may take the broader economic picture into account when thinking about interest rates, so it is usually of medium importance for the pound.
Usual market reaction: Prices usually react to the actual figure compared with the forecast. A higher-than-forecast result tends to support the pound, while a lower one tends to weigh on it. Final readings are often close to the flash estimate, so reactions are often modest unless the revision is large.

21:45 USD Final Manufacturing PMI (US)Final Manufacturing PMI Forecast 56.0Previous 56.0

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.

22:00 USD ISM Manufacturing PMI Forecast 54.5Previous 54.5

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.

22:00 USD Construction Spending m/m (US)Construction Spending m/m Forecast 0.4%Previous 0.9%

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.

22:00 USD ISM Manufacturing Prices Forecast 77.2Previous 77.9

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.

Tuesday 3 November 2026

02:00 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.

16:00 USD RCM/TIPP Economic Optimism Forecast 46.2Previous 46.8

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.

17:02 GBP UK 10-Year Gilt Auction10-y Bond Auction Previous 5.42|3.6

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

22:00 USD US JOLTS Job OpeningsJOLTS Job Openings Forecast 7.15MPrevious 7.08M

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.

22:00 USD US Factory Orders (m/m)Factory Orders m/m Forecast 1.2%Previous 0.1%

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.

22:15 USD US Total Vehicle Sales (Omdia)Omdia Total Vehicle Sales Forecast 15.8MPrevious 16.0M

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.

22:16 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

04:30 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.

16:30 GBP UK Final Services PMIFinal Services PMI Forecast 53.1Previous 53.1

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

20:15 USD ADP Non-Farm Employment Change Forecast 67KPrevious 90K

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.

20:30 USD US Trade BalanceTrade Balance 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.

21:45 USD US Final Services PMIFinal Services PMI Forecast 57.9Previous 57.9

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.

22:00 USD ISM Services PMI (US)ISM Services PMI Forecast 54.8Previous 54.9

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.

22:30 USD US Crude Oil InventoriesCrude Oil Inventories Forecast -0.1MPrevious -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

16:30 GBP UK Construction PMIConstruction PMI Forecast 46.4Previous 46.1

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

17:30 USD Challenger Job Cuts y/y 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.

19:00 GBP BOE Monetary Policy Report

What it is: A quarterly report from the Bank of England (BOE), released alongside its rate decision, with forecasts for inflation and economic growth.
Why it matters: It shows how the BOE sees the economy and inflation, which is linked to the future path of interest rates. It is usually a major event for the GBP.
Usual market reaction: Traders usually listen for hints about interest rates. Higher inflation forecasts or a firm tone often support the GBP, while weaker growth forecasts or a softer tone tend to weigh on it. Markets often react to what differs from expectations and can be volatile around the press conference.

19:00 GBP BOE Monetary Policy SummaryMonetary Policy Summary

What it is: A document the Bank of England (BOE) publishes alongside its interest rate announcement, explaining the reasons for its decision and its view on inflation and the economy.
Why it matters: Traders read it to judge whether the BOE is leaning toward raising or cutting rates. It is usually considered highly important because it comes out with the rate decision.
Usual market reaction: Prices usually react to the wording compared with what the market expected. If the tone is more hawkish than expected, such as worry about inflation, the pound often gains support; if it is softer or hints at rate cuts, the pound tends to weaken. Pairs like GBP/USD can swing sharply when it is released.

19:00 GBP MPC Official Bank Rate Votes Forecast 7-0-2Previous 3-0-6

What it is: A breakdown of how each member of the BOE's Monetary Policy Committee (MPC) voted, for example to hold, raise or cut rates. It is released with the rate decision.
Why it matters: The vote split helps show where rates might go next. When members disagree strongly, the market usually pays closer attention.
Usual market reaction: Prices usually react to the votes compared with what the market expected. If more members vote to raise rates than forecast, the pound often gains support; if more vote to cut than expected, it tends to weaken. Traders often treat dissenting votes as a clue that policy may be changing direction.

19:00 GBP BOE Official Bank RateOfficial Bank Rate Forecast 4.00%Previous 3.75%

What it is: The main interest rate of the United Kingdom, set by the Bank of England's (BOE) Monetary Policy Committee.
Why it matters: It is one of the biggest drivers of the pound, because interest rates affect borrowing costs, inflation and capital flows.
Usual market reaction: Prices usually react to the actual rate compared with the forecast. A rate higher than expected, or a hawkish signal from the BOE, tends to support the pound, while a lower one often weighs on it. Gold is usually affected only indirectly, through moves in the US dollar. If the result matches expectations, the accompanying statement often matters more.

19:30 GBP BOE Governor Bailey SpeaksBOE Gov Bailey Speaks

What it is: A speech or public comments by the Governor of the Bank of England (BOE), Andrew Bailey, on the economy, inflation and monetary policy.
Why it matters: The Governor is the most influential voice at the BOE, so his words are often used to read where interest rates may head. Its importance depends on the topic and timing.
Usual market reaction: Traders usually listen for hints about rate hikes or cuts and compare the tone with what the market expected. A more hawkish tone than expected tends to support the pound, while a softer tone or worry about slower growth often weighs on it. Prices can be volatile during the speech, especially in any question-and-answer session.

20:30 USD US Unemployment ClaimsUnemployment Claims Forecast 197KPrevious 194K

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.

20:30 USD Preliminary Unit Labor Costs q/qPrelim Unit Labor Costs q/q Forecast 0.3%Previous 1.3%

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.

20:30 USD US Preliminary Nonfarm Productivity q/qPrelim Nonfarm Productivity q/q Forecast 2.8%Previous 1.4%

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.

20:50 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.

21:10 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.

22:30 USD US Natural Gas StorageNatural Gas Storage Previous 80B

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

14:00 GBP UK Lloyds House Price Index m/mLloyds HPI m/m Forecast 0.0%Previous 0.0%

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

16:30 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.

19:15 GBP MPC Member Pill Speaks

What it is: A speech or interview by Huw Pill, Chief Economist of the Bank of England (BoE) and a member of its Monetary Policy Committee (MPC).
Why it matters: MPC members vote on UK interest rates, so their comments help the market judge the BoE's likely stance. The importance is usually medium.
Usual market reaction: Traders usually listen for his views on inflation and the jobs market, and whether he leans toward holding or cutting rates. Prices tend to react to his tone compared with market expectations. A more hawkish tone than expected often supports GBP, while a more dovish one may weigh on it.

20:30 USD Average Hourly Earnings m/m Forecast 0.3%Previous 0.1%

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.

20:30 USD Non-Farm Payrolls (NFP)Non-Farm Employment Change Forecast 65KPrevious 29K

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.

20:30 USD US Unemployment RateUnemployment Rate Forecast 4.2%Previous 4.2%

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.

21:10 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.

22:00 USD UoM Consumer Sentiment (Preliminary)Prelim UoM Consumer Sentiment Forecast 48.1Previous 46.3

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.

22:00 USD Prelim UoM Inflation Expectations (US)Prelim UoM Inflation Expectations Previous 4.7%

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.

Saturday 7 November 2026

00:15 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.

03:00 USD Consumer Credit m/m Forecast 13.4BPrevious 8.3B

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.