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

14:00 EUR German Retail Sales m/m Forecast 0.4%Previous 1.3%

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.

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.

15:15 EUR Spanish Manufacturing PMI Forecast 50.4Previous 51.0

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.

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.

15:45 EUR Italian Manufacturing PMI Forecast 49.9Previous 50.4

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.

15:50 EUR French Final Manufacturing PMI Forecast 49.3Previous 49.3

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.

15:55 EUR German Final Manufacturing PMI Forecast 54.2Previous 54.2

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.

16:00 EUR Eurozone Final Manufacturing PMIFinal Manufacturing PMI Forecast 52.4Previous 52.4

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.

19:00 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.

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 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.

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.

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.

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.

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.

14:45 EUR French Government Budget BalanceFrench Gov Budget Balance 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.

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.

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.

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

00:00 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.

01:00 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.

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.

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.

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.

15:00 EUR Spanish Unemployment Change Forecast 18.7KPrevious 23.6K

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.

15:15 EUR Spanish Services PMI Forecast 57.6Previous 58.3

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.

15:45 EUR Italian Services PMI Forecast 51.4Previous 51.7

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.

15:50 EUR French Final Services PMI Forecast 48.4Previous 48.4

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.

15:55 EUR German Final Services PMI Forecast 51.7Previous 51.7

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.

16:00 EUR Eurozone Final Services PMIFinal Services PMI Forecast 51.7Previous 51.7

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.

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.

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

14:00 EUR German Factory Orders (m/m)German Factory Orders m/m Forecast 4.6%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.

14:45 EUR French Industrial Production (m/m)French Industrial Production m/m Forecast 0.3%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.

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.

16:00 EUR Italian Retail Sales m/m Forecast 0.0%Previous 0.3%

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.

17:00 EUR Eurozone PPI m/mPPI m/m Forecast 2.5%Previous 1.9%

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.

17:03 EUR Spanish 10-Year Bond AuctionSpanish 10-y Bond Auction Previous 4.18|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.

17:18 EUR French 10-Year Bond AuctionFrench 10-y Bond Auction Previous 4.93|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.

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.

19:40 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.

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

00:45 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.

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.

14:00 EUR German Industrial Production m/m Forecast 0.0%Previous 2.0%

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.

14:45 EUR French Trade Balance 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.

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.

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.

17:00 EUR Eurozone Retail Sales m/mRetail Sales m/m Forecast -0.1%Previous 0.1%

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.

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.

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.

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.

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