Economic calendar

Sunday 1 November 2026

— USD Daylight Saving Time Shift

Monday 2 November 2026

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.

Tuesday 3 November 2026

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.

22:16 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

04:45 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 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.

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

What it is: This is the first, early estimate of core inflation in the eurozone, which leaves out volatile food and energy prices. It is published by Eurostat and compares prices with the same period a year earlier.
Why it matters: The European Central Bank (ECB) pays close attention to core inflation when setting interest rates, so traders watch it closely. It is usually considered a high-importance release.
Usual market reaction: Prices tend to react to the actual figure compared with the forecast. A higher-than-forecast reading often suggests the ECB may keep rates high for longer, which usually supports the euro, while a lower-than-forecast reading often weighs on it. Moves in the euro can also show up in pairs such as EUR/USD.

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

What it is: This is the early estimate of the Eurozone Consumer Price Index (CPI) compared with a year earlier, released before the final figure. It is published by Eurostat, the European Union's statistics office.
Why it matters: Inflation is a main factor in the European Central Bank's (ECB) interest-rate decisions, and the flash estimate is the earliest reading, so it usually draws strong attention and is of high importance for the euro.
Usual market reaction: Prices tend to react to the actual figure compared with the forecast. Higher-than-forecast inflation may suggest the ECB keeps rates high for longer, which often supports the euro (EUR), while a lower reading usually weighs on it by raising the chance of easier policy. Moves may show up in EUR pairs and sometimes in European stock indices.

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.

Thursday 5 November 2026

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.

Friday 6 November 2026

01:00 EUR ECB President Lagarde Speaks

What it is: Christine Lagarde, President of the European Central Bank (ECB), gives a speech or answers questions at an event, usually discussing the eurozone economy and monetary policy.
Why it matters: The ECB sets eurozone interest rates, so the President's words are often watched closely, especially for fresh hints about the direction of rates.
Usual market reaction: Traders usually listen for her view on inflation and growth and for any hint about whether rates may be raised, held or cut. A hawkish tone often supports the euro, while a dovish tone tends to weigh on it. Prices usually react to how the message differs from what the market already expected, and if nothing new is said the move may be small.

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.

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

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.