Economic Calendar

October 28

14:00pm EDT

The risk off environment in stock markets and the drop in yields suggest markets have priced out a rate hike at this meeting. But the bar for markets to price out the prospect of a December Fed hike remains relatively high, which should limit the scope for a deeper USD correction. Comments from Warsh will be particularly important at this meeting.

What to watch: USD, Gold

Thursday, October 29

9:15am EDT

Despite growth indicators remaining relatively strong, some hawkish pressure on the European Central Bank is likely to persist especially with oil prices continuing to surge. However the situation in France and weakness for both the euro and equity markets highlights the central bank’s dilemma. A hawkish hold might be the outcome at this meeting.

What to watch: EUR, Germany 40

Friday, October 30

12:00am EDT

The Bank of Japan is expected to keep its policy rate unchanged at 1.25%. Last month it had delivered a 25bp hike. Markets are expecting more hikes but in early 2027 as inflation remains elevated, and oil is continuing to rise. For now, policymakers may prefer to sit tightly and monitor the economy and inflation trends.

What to watch: JPY, Japan 225