FX Economic Calendar

October 26 – October 31, 2025 Economic report and policy meetings

 

Sunday, October 26^th

China: Foreign Direct Investment YTD (YoY) – Sep

Japan: Corporate Service Price Index (YoY) – Sep

 

Monday, October 27^th

Australia: RBA Governor Bullock Speech

Euro-Zone: M3 Money Supply YoY – Sep, ECB Elderson Speech, ECB Tuominen Speech

    Germany: IFO Business Climate – Oct, IFO Current Assessment – Oct, IFO Expectations – Oct

Mexico: Balance of Trade – Sep

Singapore: Unemployment Rate – Q3 Prel

U.K.: CBI Distributive Trades = Oct, BoE Oakes Speech

U.S.: Dallas Fed Manufacturing Business Index – Oct, 3-Month Bill Auction, 6-Month Bill Auction, 2-Yr Note Auction, 5-Yr Note Auction

U.S. Durable Goods report will be delayed due to the government shutdown, currently in its 27^th day of closure. The August report showed a surprise 2.9% rise in orders MoM following slumps of -9.4% and -2.7% June and July respectively.

 

Tuesday, October 28^h

Australia: CPI (QoQ & YoY)– Q3, CPI (YoY) – Sep, CPI Trimmed Mean (QoQ & YoY) – 3Q, Inflation Rate (QoQ & YoY) – Q3

Euro-Zone: ECB Bank Lending Survey, ECB Consumer Inflation Expectations – Sep

    Germany: GfK Consumer Confidence Survey – Nov

    Italy: Business Confidence – Oct, Consumer Confidence – Oct

India: Manufacturing Output – Sep. Industrial Output – Sep

Japan: Consumer Confidence – Oct

Mexico: Unemployment Rate – Sep

U.S.: Redbook Index (YoY), Housing Price Index (MoM & YoY), Consumer Confidence – Oct, S&P/Case-Shiller Home Price Indices (YoY) – Aug, Richmond Fed Manufacturing Index – Oct, 52-Week Bill Auction, 7-Yr Note Auction, API Weekly Crude Oil Stock

 

Wednesday, October 29^th

Euro-Zone:

    France: GDP Growth Rate (QoQ & YoY) – Q3 Flash

    Italy: Trade Balance non-EU – Sep, PPI (MoM & YoY) – Sep  

    Spain: GDP Growth Rate (QoQ & YoY) – Q3 Flash, Retail Sales (YoY) – Sep

Canada: BoC Interest Rate Decision, BoC Monetary Policy Report, BoC Monetary Policy Statement, BoC Press Conference

Japan: BoJ Interest Rate Decision, BoJ Monetary Policy Statement, BoJ Outlook Report – Q3

Switzerland: ZEW Survey Expectations – Oct

U.K.: Consumer Credit – Sep, M4 Money Supply (MoM & YoY) – Sep, Mortgage Approvals – Sep, Net Lending to Individuals (MoM) – Sep

U.S.: MBA Mortgage Applications, Goods Trade Balance – Sep Prel, Wholesale Inventories – Sep Prel, Pending Home Sales (MoM & YoY) – Sep, FED Interest Rate Decision, FED Monetary Policy Report, FED Monetary Policy Statement, FOMC Press Conference

An above-expectation Canadian CPI print (2.4% vs 1.9%) and Core CPI print (2.8% vs 2.6%) did little to waver expectations surrounding the Bank of Canada’s interest rate decision. Markets are pricing in with 88% certainty that the BoC, lowers the overnight rate 25bp to 2.25% from 2.50% citing weaker growth and continued tariff uncertainty.

Japan continues to face climbing national debt and structural growth concerns while simultaneously battling sticky core inflation. Japan’s new Prime Minister, Sanae Takaichi appears focused on fiscal stimulus and public spending which could put continued pressure on the Japanese yen which has continued to weaken in the last few weeks. For now, The Bank of Japan will likely keep rates neutral at 0.5% during it’s interest rate policy meeting.

The Federal Open Market Committee announces its monetary-policy decision. A quarter-percentage-point rate cut is all but a done deal, bringing the federal-funds rate to 3.75%-4%. Wall Street is more interested Fed Chair Jerome Powell’s new conference and how many more interest-rate cuts can be expected this year and in early 2026. Multiple Fed governors have emphasized the downside risk to the labor market in speeches since the mid-September FOMC meeting. Traders are pricing in a greater than 95% probability of a quarter-point rate cut at the December meeting as well and a federal-funds rate of 3%-3.25% by June of next year, a full percentage point less than currently.

 

Thursday, October 30^th

Australia: Producer Price Index (QoQ & YoY) – Q3

Brazil: Inflation Index – Oct

China: NBS Manufacturing PMI – Oct, NBS Non-Manufacturing PMI – Oct

Euro-Zone: GDP (QoQ & YoY) – Prel, Business Climate – Oct, Consumer Confidence – Oct, Economic Sentiment Indicator – Oct, Unemployment Rate – Sep, ECB Main Refinancing Operations Rate, ECB Monetary Policy Statement, ECB Deposit Facility Rate, ECB Press Conference

    France: GDP (QoQ & YoY) – Q3 Prel

    Germany: GDP (QoQ & YoY) – Q3 Prel, CPI (MoM & YoY) – Oct Prel, Harmonized CPI (MoM &YoY) – Q3 Prel, Unemployment Change – Sep, Unemployment Rate – Sep,

    Italy: GDP Growth Rate (QoQ & YoY) – Q3 Adv, Unemployment Rate – Sep

    Spain: Harmonized CPI (MoM &YoY) – Q3 Prel, Inflation Rate (MoM & YoY) – Oct Prel

Japan: BoJ Press Conference, Tokyo CPI (YoY) – Oct, Tokyo CPI ex Food, Energy (YoY) – Oct, Tokyo CPI ex Fresh Food (YoY) – Oct, Unemployment Rate – Sep, Retail Trade (MoM & YoY) – Sep

Mexico: GDP (QoQ & YoY) – Q3 Prel,

New Zealand: ANZ – Roy Morgan Consumer Confidence – Oct

Switzerland: KOF Leading Indicators – Oct

U.S.: Core PCE Price Index (QoQ) – Q3 Prel, GDP Annualized – QoQ Prel, GDP Price Index – Q3 Prel, Continuing Jobless Claims, Initial Jobless Claims, FED Bowman Speech, 4-Week Bill Auction, Trump – Xi Meeting

 

Friday, October 31^st  

Canada: GDP (MoM) – Aug

Euro-Zone: Harmonized Core CPI (MoM & YoY) – Oct Prel, Harmonized CPI (MoM & YoY) – Oct Prel

    France: CPI (MoM & YoY) – Oct Prel, Producer Prices (MoM) – Sep

    Germany: Retail Sales (MoM & YoY) – Sep, Import Price Index (MoM & YoY) – Sep

    Italy: CPI (MoM & YoY) – Oct Prel

India: FX Reserves (USD)

Switzerland: Retail Sales (YoY) – Sep

U.K.: Nationwide Housing Prices (MoM & YoY) – Oct,

U.S.: Core PCE Price Index (MoM & YoY) – Sep, PCE Price Index (MoM & YoY) – Sep, Employment Cost Index – Q3, Personal Income, Personal Spending, Real Personal Spending, MNI Chicago PMI, Fed Hammack Speech

 

Bold denotes likely market-moving newsflash which traders consider significant to foreign exchange levels or otherwise important/noteworthy information, i.e., market holiday’s which will affect standard settlement dates.