Economic calendar

Monday 2 November 2026

07:30 JPY Japan Manufacturing PMI (Final)Final Manufacturing PMI Forecast 53.3Previous 53.3

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.

14:33 CHF Swiss Retail Sales y/yRetail Sales y/y Forecast 3.0%Previous 3.2%

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.

15:30 CHF Swiss Manufacturing PMIManufacturing PMI Forecast 55.3Previous 55.3

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.

Tuesday 3 November 2026

04:45 NZD NZ Building Consents m/mBuilding Consents m/m Previous 5.6%

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

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

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

22:27 NZD GDT Price Index (Global Dairy Trade)GDT Price Index Previous 2.5%

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.

22:51 NZD GDT Price Index (Global Dairy Trade)GDT Price Index Previous 2.5%

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.

Wednesday 4 November 2026Today

04:45 NZD NZ Unemployment RateUnemployment Rate Forecast 5.5%Previous 5.6%

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.

04:45 NZD NZ Employment Change (q/q)Employment Change q/q Forecast 0.4%Previous 0.5%

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.

04:45 NZD Labour Cost Index (QoQ) – New ZealandLabor Cost Index q/q Forecast 0.5%Previous 0.7%

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.

06:50 JPY Monetary Base (YoY) – JapanMonetary Base y/y 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.

07:00 NZD ANZ Commodity Prices (MoM) – New ZealandANZ Commodity Prices m/m Previous 0.6%

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.

Thursday 5 November 2026

06:50 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.

10:35 JPY Japan 10-Year Bond Auction10-y Bond Auction Previous 3.10|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.

15:00 CHF Swiss Unemployment RateUnemployment Rate Forecast 3.1%Previous 3.1%

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.

19:40 CHF SNB Chairman Schlegel Speaks

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

Friday 6 November 2026

06:30 JPY Japan Average Cash Earnings y/yAverage Cash Earnings y/y Forecast 3.8%Previous 3.8%

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.

15:00 CHF Swiss Foreign Currency ReservesForeign Currency Reserves Previous 770B

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.

15:00 CHF SECO Consumer Climate 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.

18:00 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.

23:00 JPY BOJ Governor Ueda SpeaksBOJ Gov Ueda Speaks

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

Saturday 7 November 2026

04:45 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.