The week of 20–26 October 2025 will feature several significant economic data releases, including the China GDP, the UK Retail Sales, and the USA CPI, all of which hold the potential to influence global market sentiment.
For traders, staying informed ahead of these key events is crucial for better risk management and identifying potential trading opportunities.
Monday, October 27th 2025
RBA Governor Bullock speech
Mon, Oct 27th, 2025 at 08:15
Currency: AUD
Michele Bullock is the ninth Governor of the Reserve Bank of Australia. She commenced her current position in September 2023, replacing Philip Lowe. Bullock was the Assistant Governor (Financial System) at the Reserve Bank of Australia, a position she held since October 2016.
Tuesday, October 28th 2025
ECB Bank Lending Survey
Tue, Oct 28th, 2025 at 19:00
Currency: EUR
The bank lending survey (BLS) for the euro area was launched in 2003. Its main objective is to enhance the Euro system's knowledge of financing conditions in the euro zone. The BLS provides input to the ECB Governing Council’s assessment of monetary and economic developments, on which it bases its monetary policy decisions.
Wednesday, October 29th 2025
Consumer Price Index (QoQ) (Q3)
Wed, Oct 29th, 2025 at 00:30
Currency: AUD
The Consumer Price Index (CPI), released quarterly by the Australian Bureau of Statistics, measures the changes in the price of a fixed basket of goods and services acquired by household consumers. The CPI is a key indicator to measure inflation and changes in purchasing trends. The QoQ reading compares prices in the reference quarter to the previous quarter. A high reading could be seen as bullish for the Australian Dollar (AUD), while a low reading could be seen as bearish.
Monthly Consumer Price Index (YoY) (Sep)
Wed, Oct 29th, 2025 at 00:30
Currency: AUD
The Monthly Consumer Price Index (CPI), released monthly by the Australian Bureau of Statistics, measures the changes in the price of a fixed basket of goods and services acquired by household consumers. The indicator was developed to provide inflation data at a higher frequency than the quarterly CPI. The YoY reading compares prices in the reference month to the same month a year earlier. A high reading could be seen as bullish for the Australian Dollar (AUD), while a low reading could be seen as bearish.
RBA Trimmed Mean CPI (QoQ) (Q3)
Wed, Oct 29th, 2025 at 00:30
Currency: AUD
The Consumer Price Index (CPI), released quarterly by the Australian Bureau of Statistics, measures the changes in the price of a fixed basket of goods and services acquired by household consumers. The QoQ reading compares prices in the reference quarter to the previous quarter. The trimmed mean, which is a measure of underlying inflation, is calculated as the weighted average of the central 70% of the quarterly price change distribution of all CPI components to smooth the data from the more-volatile components. A high reading could be seen as bullish for the Australian Dollar (AUD), while a low reading could be seen as bearish.
RBA Trimmed Mean CPI (YoY) (Q3)
Wed, Oct 29th, 2025 at 00:30
Currency: AUD
The Consumer Price Index (CPI), released quarterly by the Australian Bureau of Statistics, measures the changes in the price of a fixed basket of goods and services acquired by household consumers The YoY reading compares prices in the reference quarter to the same quarter a year earlier. The trimmed mean, which is a measure of underlying inflation, is calculated as the weighted average of the central 70% of the quarterly price change distribution of all CPI components to smooth the data from the more-volatile components. A high reading could be seen as bullish for the Australian Dollar (AUD), while a low reading could be seen as bearish.
BoC Interest Rate Decision
Wed, Oct 29th, 2025 at 13:45
Currency: CAD
The Bank of Canada (BoC) announces its interest rate decision at the end of its eight scheduled meetings per year. If the BoC believes inflation will be above target (hawkish), it may raise interest rates to bring it down. This could be bullish for the CAD since higher interest rates can attract greater inflows of foreign capital. Likewise, if the BoC sees inflation falling below target (dovish) it may lower interest rates to give the Canadian economy a boost in the hope inflation will rise back up. This could be bearish for CAD since it could detract from foreign capital flowing into the country.
BoC Monetary Policy Report
Wed, Oct 29th, 2025 at 13:45
Currency: CAD
A quarterly diagnostic review of the health of the Canadian economy, The Bank of Canada Monetary Policy Report is a study of the Canadian economy, including forecasts for all key metrics, as well as an assessment of future risks. Any changes in this report could affect Canadian Dollar (CAD) volatility. If the BoC presents a hawkish outlook, that could be seen as bullish for CAD, while a dovish outlook could be seen as bearish.
BoC Monetary Policy Statement
Wed, Oct 29th, 2025 at 13:45
Currency: CAD
At each of the Bank of Canada (BoC) eight meetings, the Governing Council releases a post-meeting statement explaining its policy decision. The statement may influence the volatility of the Canadian Dollar (CAD) and determine a short-term positive or negative trend. A hawkish view could be considered bullish for CAD, whereas a dovish view could be considered bearish.
BoC Press Conference
Wed, Oct 29th, 2025 at 14:40
Currency: CAD
After Bank of Canada (BoC) meetings and the release of the Monetary Policy Report, the BoC Governor and Senior Deputy Governor hold a press conference at which they field questions from the media. The press conference has two parts – first a prepared statement is read out, then the conference is open to questions from the press. Hawkish comments could boost the Canadian Dollar (CAD), while a dovish message may weaken it.
Fed Interest Rate Decision
Wed, Oct 29th, 2025 at 18:00
Currency: USD
The Federal Reserve (Fed) deliberates on monetary policy and decides on interest rates at eight pre-scheduled meetings per year. It has two mandates: to keep inflation at 2%, and to maintain full employment. Its main tool for achieving this is by setting interest rates – both at which it lends to banks and banks lend to each other. If it decides to hike rates, the US Dollar (USD) could strengthen as it attracts more foreign capital inflows. If it cuts rates, it could weaken the USD as capital drains out to countries offering higher returns. If rates are left unchanged, attention turns to the tone of the Federal Open Market Committee (FOMC) statement, and whether it is hawkish (expectant of higher future interest rates), or dovish (expectant of lower future rates).
Fed Monetary Policy Statement
Wed, Oct 29th, 2025 at 18:00
Currency: USD
Following the Federal Reserve's (Fed) rate decision, the Federal Open Market Committee (FOMC) releases its statement regarding monetary policy. The statement may influence the volatility of the US Dollar (USD) and determine a short-term positive or negative trend. A hawkish view could be considered bullish for USD, whereas a dovish view could be considered negative or bearish.
FOMC Press Conference
Wed, Oct 29th, 2025 at 18:30
Currency: USD
The press conference is about an hour long and has two parts. First, the Chair of the Federal Reserve (Fed) reads out a prepared statement, then the conference is open to questions from the press. The questions often lead to unscripted answers that create heavy market volatility. The Fed holds a press conference after all its eight yearly policy meetings.
Thursday, October 30th 2025
BoJ Interest Rate Decision
Thu, Oct 30th, 2025
Currency: JPY
The Bank of Japan (BoJ) announces its interest rate decision after each of the Bank’s eight scheduled annual meetings. If the BoJ is hawkish about the inflationary outlook of the economy and raises interest rates it could be bullish for the Japanese Yen (JPY). Likewise, if the BoJ has a dovish view on the Japanese economy and keeps interest rates unchanged, or cuts them, it could be bearish for JPY.
BoJ Monetary Policy Statement
Thu, Oct 30th, 2025
Currency: JPY
At the end of each of its eight policy meetings, the Policy Board of the Bank of Japan (BoJ) releases an official monetary policy statement explaining its policy decision. By communicating the committee's decision as well as its view on the economic outlook and the fall of the committee’s votes regarding whether interest rates or other policy tools should be adjusted, the statement gives clues as to future changes in monetary policy. The statement may influence the volatility of the Japanese Yen (JPY) and determine a short-term positive or negative trend. A hawkish view could be considered bullish for JPY, whereas a dovish view could be considered bearish.
BoJ Press Conference
Thu, Oct 30th, 2025 at 6:30
Currency: JPY
The Bank of Japan (BoJ) holds a press conference at the end of each one of its eight scheduled policy meetings. At the press conference the Governor of the BoJ communicates with media representatives and investors regarding monetary policy. The Governor talks about the factors that affect the most recent interest rate decision, the overall economic outlook, inflation, and clues regarding future monetary policy. Hawkish comments could boost the Japanese Yen (JPY), while a dovish message could weaken it.
Gross Domestic Product (QoQ) (Q3)
Thu, Oct 30th, 2025 at 09:00
Currency: EUR
The Gross Domestic Product released by the Statistisches Bundesamt Deutschland is a measure of the total value of all goods and services produced by Germany. The GDP is considered as a broad measure of the German economic activity and health. A high reading or a better than expected number could have a positive effect on the EUR, while a falling trend could be seen as negative (or bearish).
Gross Domestic Product (YoY) (Q3)
Thu, Oct 30th, 2025 at 09:00
Currency: EUR
The Gross Domestic Product released by the Statistisches Bundesamt Deutschland is a measure of the total value of all goods and services produced by Germany. The GDP is considered as a broad measure of the German economic activity and health. A high reading or a better than expected number could have a positive effect on the EUR, while a falling trend could be seen as negative (or bearish).
Gross Domestic Product s.a. (QoQ) (Q3)
Thu, Oct 30th, 2025 at 10:00
Currency: EUR
The Gross Domestic Product (GDP), released by Eurostat on a quarterly basis, is a measure of the total value of all goods and services produced in the Eurozone during a certain period. The GDP and its main aggregates are among the most significant indicators of the state of any economy. The QoQ reading compares economic activity in the reference quarter to the previous quarter. A rise in this indicator could be bullish for the Euro (EUR), while a low reading could be seen as bearish.
Gross Domestic Product s.a. (YoY) (Q3)
Thu, Oct 30th, 2025 at 10:00
Currency: EUR
The Gross Domestic Product (GDP), released by the Eurostat on a quarterly basis, is a measure of the total value of all goods and services produced in the Eurozone during a certain period. The GDP and its main aggregates are among the most significant indicators of the state of any economy. The YoY reading compares economic activity in the reference quarter compared with the same quarter a year earlier. A rise in this indicator could be bullish for the Euro (EUR), while a low reading could be seen as bearish.
Gross Domestic Product Annualised (Q3)
Thu, Oct 30th, 2025 at 12:30
Currency: USD
The real Gross Domestic Product (GDP) Annualised, released quarterly by the US Bureau of Economic Analysis, measures the value of the final goods and services produced in the United States in each period. Changes in GDP are the most popular indicator of the nation’s overall economic health. The data is expressed at an annualised rate, which means that the rate has been adjusted to reflect the amount GDP would have changed over a year’s time, had it continued to grow at that specific rate. A high reading could be seen as bullish for the US Dollar (USD), while a low reading could be seen as bearish.
Consumer Price Index (MoM) (Oct)
Thu, Oct 30th, 2025 at 13:00
Currency: EUR
The Consumer Price Index (CPI), released monthly by the German statistics office Destatis, measures the average price change for all goods and services purchased by households for consumption purposes. The CPI is the main indicator to measure inflation and changes in purchasing trends. The MoM figure compares the prices of goods in the reference month to the previous month. A high reading could be bullish for the Euro (EUR), while a low reading could be bearish.
Consumer Price Index (YoY) (Oct)
Thu, Oct 30th, 2025 at 13:00
Currency: EUR
The Consumer Price Index (CPI), released monthly by the German statistics office Destatis, measures the average price change for all goods and services purchased by households for consumption purposes. The CPI is the main indicator to measure inflation and changes in purchasing trends. The YoY reading compares prices in the reference month to a year earlier. A high reading could be bullish for the Euro (EUR), while a low reading could be bearish.
Harmonised Index of Consumer Prices (YoY) (Oct)
Thu, Oct 30th, 2025 at 13:00
Currency: EUR
The Harmonized Index of Consumer Prices (HICP), released monthly by the German statistics office Destatis, is an index of inflation based on a statistical methodology that has been harmonised across all European Union (EU) member states to facilitate comparisons. The YoY reading compares prices in the reference month to a year earlier. A high reading could be bullish for the Euro (EUR), while a low reading could be bearish.
ECB Main Refinancing Operations Rate
Thu, Oct 30th, 2025 at 13:15
Currency: EUR
One of the three key interest rates set by the European Central Bank (ECB), the main refinancing operations rate is the interest rate the ECB charges to banks for one-week long loans. It is announced by the European Central Bank at its eight scheduled annual meetings. If the ECB expects inflation to rise, it will increase its interest rates to bring it back down to its 2% target. This could be bullish for the Euro (EUR), since it may attract more foreign capital inflows. Likewise, if the ECB sees inflation falling it may cut the main refinancing operations rate to encourage banks to borrow and lend more, in the hope of driving economic growth. This could tend to weaken the Euro as it reduces its attractiveness as a place for investors to park capital.
ECB Monetary Policy Statement
Thu, Oct 30th, 2025 at 13:15
Currency: EUR
At each of the European Central Bank’s (ECB) eight governing council meetings, the ECB releases a short statement explaining its monetary policy decision, considering its goal of meeting its inflation target. The statement may influence the volatility of the Euro (EUR) and determine a short-term positive or negative trend. A hawkish view could be considered bullish for EUR, whereas a dovish view could be considered bearish.
ECB Rate On Deposit Facility
Thu, Oct 30th, 2025 at 13:15
Currency: EUR
One of the European Central Bank's three key interest rates, the rate on the deposit facility, is the rate at which banks earn interest when they deposit funds with the ECB. It is announced by the European Central Bank at each of its eight scheduled annual meetings.
ECB Press Conference
Thu, Oct 30th, 2025 at 13:45
Currency: EUR
Following the European Central Bank’s (ECB) economic policy decision, the ECB President gives a press conference regarding monetary policy. The president’s comments may influence the volatility of the Euro (EUR) and determine a short-term positive or negative trend. If the president adopts a hawkish tone could be considered bullish for the EUR, whereas if the tone is dovish the result could be seen bearish for the Euro.
Tokyo Consumer Price Index (YoY) (Oct)
Thu, Oct 30th, 2025 at 23:30
Currency: JPY
The Tokyo Consumer Price Index (CPI), released monthly by the Statistics Bureau of Japan, measures the price fluctuation of goods and services purchased by households in the Tokyo region. The index is widely considered as a leading indicator of Japan’s overall CPI as it is published weeks before the nationwide reading. The YoY reading compares prices in the reference month to the same month a year earlier. A high reading could be seen as bullish for the Japanese Yen (JPY), while a low reading could be seen as bearish.
Tokyo CPI ex Food, Energy (YoY) (Oct)
Thu, Oct 30th, 2025 at 23:30
Currency: JPY
The Tokyo Consumer Price Index (CPI), released monthly by the Statistics Bureau of Japan, measures the price fluctuation of goods and services purchased by households in the Tokyo region. The index is widely considered as a leading indicator of Japan’s overall CPI as it is published weeks before the nationwide reading. The gauge excluding food and energy is widely used to measure underlying inflation trends as these two components are more volatile. The YoY reading compares prices in the reference month to the same month a year earlier. A high reading could be seen as bullish for the Japanese Yen (JPY), while a low reading could be seen as bearish.
Friday, October 31th 2025
NBS Manufacturing PMI (Oct)
Fri, Oct 31st, 2025 at 01:30
Currency: CNY
The NBS Manufacturing Purchasing Managers Index (PMI), released by the China Federation of Logistics & Purchasing (CFLP) and China’s National Bureau of Statistics (NBS), is a leading indicator gauging business activity in China’s manufacturing sector. The data is derived from surveys of senior executives at manufacturing companies. Survey responses reflect the change, if any, in the current month compared to the previous month and can anticipate changing trends in official data series such as Gross Domestic Product (GDP), industrial production, employment and inflation. The index varies between 0 and 100, with levels of 50.0 signalling no change over the previous month. A reading above 50 indicates that the manufacturing economy may be expanding, which could be seen as a bullish sign for the Renminbi (CNY). Meanwhile, a reading below 50 could signal that activity among goods producers is declining, which could be seen as bearish for CNY.
NBS Non-Manufacturing PMI (Oct)
Fri, Oct 31st, 2025 at 01:30
Currency: CNY
The NBS Non-manufacturing Purchasing Managers Index (PMI), released by the China Federation of Logistics & Purchasing (CFLP) and China’s National Bureau of Statistics (NBS), is a leading indicator gauging business activity in China’s non-manufacturing sector, namely services and construction. The data is derived from surveys of senior executives at services and construction companies. Survey responses reflect the change, if any, in the current month compared to the previous month and can anticipate changing trends in official data series such as Gross Domestic Product (GDP), industrial production, employment and inflation. The index varies between 0 and 100, with levels of 50.0 signalling no change over the previous month. A reading above 50 indicates that the non-manufacturing economy could be expanding, which could be a bullish sign for the Renminbi (CNY). Meanwhile, a reading below 50 could signal that activity among service providers and real-estate is declining, which could be seen as bearish for CNY.
Retail Sales (YoY) (Sep)
Fri, Oct 31st, 2025 at 07:00
Currency: EUR
The Retail Sales released by the Statistisches Bundesamt Deutschland is a measure of changes in sales of the German retail sector. It shows the performance of the retail sector in the short term. Percent changes reflect the rate of changes of such sales. The changes are widely followed as an indicator of consumer spending. The positive economic growth could anticipate "Bullish" for the EUR, while a low reading could be seen as negative, or bearish, for the EUR.
Core Harmonised Index of Consumer Prices (MoM) (Oct)
Fri, Oct 31st, 2025 at 10:00
Currency: EUR
The Core Harmonised Index of Consumer Prices (HICP) measures changes in the prices of a representative basket of goods and services in the European Monetary Union. The HICP, released monthly by Eurostat, is harmonised because the same methodology is used across all member states and their contribution is weighted. The MoM figure compares the prices of goods in the reference month to the previous month. Core HICP excludes volatile components like food, energy, alcohol, and tobacco. The Core HICP is a key indicator to measure inflation and changes in purchasing trends. A high reading could be seen as bullish for the Euro (EUR), while a low reading could be seen as bearish.
Core Harmonised Index of Consumer Prices (YoY) (Oct)
Fri, Oct 31st, 2025 at 10:00
Currency: EUR
The Core Harmonised Index of Consumer Prices (HICP) measures changes in the prices of a representative basket of goods and services in the European Monetary Union. The HICP, released monthly by Eurostat, is harmonised because the same methodology is used across all member states and their contribution is weighted. The YoY reading compares prices in the reference month to a year earlier. Core HICP excludes volatile components like food, energy, alcohol, and tobacco. The Core HICP is a key indicator to measure inflation and changes in purchasing trends. A high reading could be seen as bullish for the Euro (EUR), while a low reading could be seen as bearish.
Harmonised Index of Consumer Prices (MoM) (Oct)
Fri, Oct 31st, 2025 at 10:00
Currency: EUR
The Harmonised Index of Consumer Prices (HICP) measures changes in the prices of a representative basket of goods and services in the European Monetary Union. The HICP, released monthly by Eurostat, is harmonised because the same methodology is used across all member states and their contribution is weighted. The MoM figure compares the prices of goods in the reference month to the previous month. A high reading could be seen as bullish for the Euro (EUR), while a low reading could be seen as bearish.
Harmonised Index of Consumer Prices (YoY) (Oct)
Fri, Oct 31st, 2025 at 10:00
Currency: EUR
The Harmonised Index of Consumer Prices (HICP) measures changes in the prices of a representative basket of goods and services in the European Monetary Union. The HICP, released monthly by Eurostat, is harmonised because the same methodology is used across all member states and their contribution is weighted. The YoY reading compares prices in the reference month to a year earlier. A high reading could be seen as bullish for the Euro (EUR), while a low reading could be seen as bearish.
Core Personal Consumption Expenditures - Price Index (MoM) (Sep)
Fri, Oct 31st, 2025 at 12:30
Currency: USD
The Core Personal Consumption Expenditures (PCE), released monthly by the US Bureau of Economic Analysis, measures the changes in the prices of goods and services purchased by consumers in the United States (US). The PCE Price Index is also the Federal Reserve’s (Fed) preferred gauge of inflation. The MoM figure compares the prices of goods in the reference month to the previous month. The core reading excludes the so-called more volatile food and energy components to give a more accurate measurement of price pressures. A high reading could be bullish for the US Dollar (USD), while a low reading could be bearish.
Core Personal Consumption Expenditures - Price Index (YoY) (Sep)
Fri, Oct 31st, 2025 at 12:30
Currency: USD
The Core Personal Consumption Expenditures (PCE), released monthly by the US Bureau of Economic Analysis, measures the changes in the prices of goods and services purchased by consumers in the United States (US). The PCE Price Index is also the Federal Reserve’s (Fed) preferred gauge of inflation. The YoY reading compares the prices of goods in the reference month to the same month a year earlier. The core reading excludes the so-called more volatile food and energy components to give a more accurate measurement of price pressures. A high reading could be bullish for the US Dollar (USD), while a low reading could be bearish.
Staying on top of these key events and understanding their potential impact can help you anticipate market volatility and make more confident trading decisions.
For a full list of what’s ahead, check out our market calendar and stay prepared for the week’s opportunities.
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While ATC Brokers Limited takes reasonable care to ensure the information provided is reliable, no warranty is given as to its accuracy or completeness, and no liability is accepted for any errors or omissions.
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