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What are the main events for today?
USDGBPCAD
EUROPEAN SESSION In the European session, the main highlight will be the UK Budget announcement at 12:30 GMT/08:30 ET. The UK Chancellor is expected to announce targeted tax increases and cost-of-living support, with markets focused on the OBR’s updated forecasts and the government’s fiscal headroom, estimated at around £15–16bn.
What are the main events for today?
What this may mean
Central-bank guidance can quickly change interest-rate expectations, currency volatility, bond yields and risk appetite.
Key points
- Market context: Mixed / needs confirmation
Germany November GfK consumer sentiment -30.8 vs -30.9 expected
EUR
Germany November GfK consumer sentiment -30.8 vs -30.9 expected Prior -30.6 The breakdownDetails to follow... What does the data measure?The GfK consumer climate index measures German households' confidence in their financial prospects and willingness to spend.
Germany November GfK consumer sentiment -30.8 vs -30.9 expected
What this may mean
Central-bank guidance can quickly change interest-rate expectations, currency volatility, bond yields and risk appetite.
Germany consumer sentiment remains weak ahead of November as inflation fears cloud recovery outlook
EUR
Germany November GfK consumer sentiment -30.8 vs -30.9 expected Prior -30.6 The breakdownThe latest GfK survey shows that German consumer sentiment is set to slip marginally heading into November, amid growing inflation fears and more subdued income prospects.
Germany consumer sentiment remains weak ahead of November as inflation fears cloud recovery outlook
What this may mean
Central-bank guidance can quickly change interest-rate expectations, currency volatility, bond yields and risk appetite.
Germany November GfK consumer sentiment -30.8 vs -30.9 expected
EUR
Germany November GfK consumer sentiment -30.8 vs -30.9 expected Prior -30.6 The breakdownDetails to follow... What does the data measure?The GfK consumer climate index measures German households' confidence in their financial prospects and willingness to spend.
Germany November GfK consumer sentiment -30.8 vs -30.9 expected
What this may mean
Central-bank guidance can quickly change interest-rate expectations, currency volatility, bond yields and risk appetite.
Key points
- Market context: Mixed / needs confirmation
Germany consumer sentiment remains weak ahead of November as inflation fears cloud recovery outlook
EUR
Germany November GfK consumer sentiment -30.8 vs -30.9 expected Prior -30.6 The breakdownThe latest GfK survey shows that German consumer sentiment is set to slip marginally heading into November, amid growing inflation fears and more subdued income prospects.
Germany consumer sentiment remains weak ahead of November as inflation fears cloud recovery outlook
What this may mean
Central-bank guidance can quickly change interest-rate expectations, currency volatility, bond yields and risk appetite.
Key points
- Market context: Mixed / needs confirmation
European markets brace for Fed decision as hot Australia CPI, RBNZ surprise and oil rally stir nerves
USDAUDNZD
It has been quite an eventful start to the day so far as the central bank bonanza rolls into town. That is putting inflation back in the spotlight with there already being plenty to digest before European traders get to their desks and before we even get to the main events later today.
European markets brace for Fed decision as hot Australia CPI, RBNZ surprise and oil rally stir nerves
What this may mean
Central-bank guidance can quickly change interest-rate expectations, currency volatility, bond yields and risk appetite.
European markets brace for Fed decision as hot Australia CPI, RBNZ surprise and oil rally stir nerves
USDAUDNZD
It has been quite an eventful start to the day so far as the central bank bonanza rolls into town. That is putting inflation back in the spotlight with there already being plenty to digest before European traders get to their desks and before we even get to the main events later today.
European markets brace for Fed decision as hot Australia CPI, RBNZ surprise and oil rally stir nerves
What this may mean
Central-bank guidance can quickly change interest-rate expectations, currency volatility, bond yields and risk appetite.
Key points
- Market context: Mixed / needs confirmation
Asia-Pacific market news: Hawkish RBA, surprise RBNZ hold lift AUD/NZD
USDAUDNZDCNY
RBNZ’s Breman: more hikes likely at coming meetings, possibly into restrictive territory US warns Gulf allies of possible short, intense Iran campaign after midterms: WSJ Oil edges higher after Houthis claim missile strike on Saudi Arabia’s biggest refinery RBA’s Bullock: Inflation is far too high PBOC sets USD/ CNY mid-point today at 6.7165 (vs.
Asia-Pacific market news: Hawkish RBA, surprise RBNZ hold lift AUD/NZD
What this may mean
Central-bank guidance can quickly change interest-rate expectations, currency volatility, bond yields and risk appetite.
Asia-Pacific market news: Hawkish RBA, surprise RBNZ hold lift AUD/NZD
USDAUDNZDCNY
RBNZ’s Breman: more hikes likely at coming meetings, possibly into restrictive territory US warns Gulf allies of possible short, intense Iran campaign after midterms: WSJ Oil edges higher after Houthis claim missile strike on Saudi Arabia’s biggest refinery RBA’s Bullock: Inflation is far too high PBOC sets USD/ CNY mid-point today at 6.7165 (vs.
Asia-Pacific market news: Hawkish RBA, surprise RBNZ hold lift AUD/NZD
What this may mean
Central-bank guidance can quickly change interest-rate expectations, currency volatility, bond yields and risk appetite.
Key points
- Market context: Potentially supportive
Australia trimmed mean CPI rises to 3.7%, above forecasts, as RBA hike case firms
USDAUDNZD
Oil is the clearest driver of the headline beat, and Bullock tied higher energy prices directly to a worse inflation outlook only minutes before the release, so any further rise in crude adds to the case for tightening. The bigger signal for markets is the core reading.
Australia trimmed mean CPI rises to 3.7%, above forecasts, as RBA hike case firms
What this may mean
Central-bank guidance can quickly change interest-rate expectations, currency volatility, bond yields and risk appetite.
Australia trimmed mean CPI rises to 3.7%, above forecasts, as RBA hike case firms
USDAUDNZD
Oil is the clearest driver of the headline beat, and Bullock tied higher energy prices directly to a worse inflation outlook only minutes before the release, so any further rise in crude adds to the case for tightening. The bigger signal for markets is the core reading.
Australia trimmed mean CPI rises to 3.7%, above forecasts, as RBA hike case firms
What this may mean
Central-bank guidance can quickly change interest-rate expectations, currency volatility, bond yields and risk appetite.
Key points
- Market context: Mixed / needs confirmation
Australian September core inflation (trimmed mean) 3.7% y/y (expected 3.6%)
AUDNZD
Australia CPI, September 2026 / Q3 Quarterly (Q3) CPI q/q: 1.3% vs. 1.3% expected (prior 0.6%) CPI y/y: 3.9% vs.
Australian September core inflation (trimmed mean) 3.7% y/y (expected 3.6%)
What this may mean
Central-bank guidance can quickly change interest-rate expectations, currency volatility, bond yields and risk appetite.
Australian September core inflation (trimmed mean) 3.7% y/y (expected 3.6%)
AUDNZD
Australia CPI, September 2026 / Q3 Quarterly (Q3) CPI q/q: 1.3% vs. 1.3% expected (prior 0.6%) CPI y/y: 3.9% vs.
Australian September core inflation (trimmed mean) 3.7% y/y (expected 3.6%)
What this may mean
Central-bank guidance can quickly change interest-rate expectations, currency volatility, bond yields and risk appetite.
Key points
- Market context: Mixed / needs confirmation
US PPI Final Demand MoM
USD
US PPI Final Demand MoM was +1.3% for 2026-09, compared with +0.5% previously.
Event time Released
US PPI Final Demand MoM
- Actual
- +1.3%
- Forecast
- —
- Previous
- +0.5%
What this may mean
Producer-price pressure can affect the inflation outlook, interest-rate expectations and the U.S. dollar.
Key points
- Market context: higher
US Producer Price Index — 2026-09
USD
USD bias is mildly positive using latest-versus-previous official data. Supportive factors: US PPI Final Demand MoM changed from +0.5% to +1.3%, a USD-supportive previous-release comparison. Consensus forecasts are unavailable, so this is not an actual-versus-forecast beat/miss assessment.
US Producer Price Index — 2026-09
The numbers behind the update
Indicator names follow the English release. Read the summary above for the explanation.
| Indicator | Actual | Previous | Unit |
|---|---|---|---|
| US PPI Final Demand MoM | +1.3% | +0.5% | — |
What this may mean
USD may lean stronger initially, but mixed components can limit follow-through.
Key points
- Supporting: US PPI Final Demand MoM changed from +0.5% to +1.3%, a USD-supportive previous-release comparison.
- Market context: Mildly Positive
US CPI MoM
USD
US CPI MoM was +0.6% for 2026-09, compared with +0.4% previously.
Event time Released
US CPI MoM
- Actual
- +0.6%
- Forecast
- —
- Previous
- +0.4%
What this may mean
U.S. inflation can change Federal Reserve rate expectations and move the dollar, Treasury yields, gold and equities.
Key points
- Market context: higher
US Core CPI MoM
USD
US Core CPI MoM was +0.3% for 2026-09, compared with +0.3% previously.
Event time Released
US Core CPI MoM
- Actual
- +0.3%
- Forecast
- —
- Previous
- +0.3%
What this may mean
U.S. inflation can change Federal Reserve rate expectations and move the dollar, Treasury yields, gold and equities.
Key points
- Market context: unchanged
US Consumer Price Index — 2026-09
USD
USD bias is mildly positive using latest-versus-previous official data. Supportive factors: US CPI MoM changed from +0.4% to +0.6%, a USD-supportive previous-release comparison. Consensus forecasts are unavailable, so this is not an actual-versus-forecast beat/miss assessment.
US Consumer Price Index — 2026-09
The numbers behind the update
Indicator names follow the English release. Read the summary above for the explanation.
| Indicator | Actual | Previous | Unit |
|---|---|---|---|
| US CPI MoM | +0.6% | +0.4% | — |
| US Core CPI MoM | +0.3% | +0.3% | — |
What this may mean
USD may lean stronger initially, but mixed components can limit follow-through.
Key points
- Supporting: US CPI MoM changed from +0.4% to +0.6%, a USD-supportive previous-release comparison.
- Market context: Mildly Positive
US Nonfarm Payrolls
USD
Nonfarm payrolls changed by +29K for 2026-09, compared with +133K previously.
Event time Released
US Nonfarm Payrolls
- Actual
- +29K
- Forecast
- —
- Previous
- +133K
What this may mean
U.S. labour-market strength can change growth and Federal Reserve expectations across currencies and risk assets.
Key points
- Market context: lower
US Unemployment Rate
USD
US Unemployment Rate was 4.2% for 2026-09, compared with 4.1% previously.
Event time Released
US Unemployment Rate
- Actual
- 4.2%
- Forecast
- —
- Previous
- 4.1%
What this may mean
U.S. labour-market strength can change growth and Federal Reserve expectations across currencies and risk assets.
Key points
- Market context: higher
US Employment Situation — 2026-09
USD
USD bias is mildly negative using latest-versus-previous official data. Conflicting factors: US Nonfarm Payrolls changed from +133K to +29K, a USD-negative previous-release comparison. US Unemployment Rate changed from 4.1% to 4.2%, a USD-negative previous-release comparison. Consensus forecasts are unavailable, so this is not an actual-versus-forecast beat/miss assessment.
US Employment Situation — 2026-09
The numbers behind the update
Indicator names follow the English release. Read the summary above for the explanation.
| Indicator | Actual | Previous | Unit |
|---|---|---|---|
| US Nonfarm Payrolls | +29K | +133K | — |
| US Unemployment Rate | 4.2% | 4.1% | — |
What this may mean
USD may lean weaker initially, but mixed components can limit follow-through.
Key points
- Conflicting: US Nonfarm Payrolls changed from +133K to +29K, a USD-negative previous-release comparison.
- Conflicting: US Unemployment Rate changed from 4.1% to 4.2%, a USD-negative previous-release comparison.
- Market context: Mildly Negative
US JOLTS Job Openings
USD
Job openings were 7.190M for 2026-08, compared with 7.335M previously.
Event time Released
US JOLTS Job Openings
- Actual
- 7.190M
- Forecast
- —
- Previous
- 7.335M
What this may mean
Job openings provide a timely signal of labour demand and can influence Federal Reserve policy expectations.
Key points
- Market context: lower
US Job Openings and Labor Turnover — 2026-08
USD
USD bias is mildly negative using latest-versus-previous official data. Conflicting factors: US JOLTS Job Openings changed from 7.335M to 7.190M, a USD-negative previous-release comparison. Consensus forecasts are unavailable, so this is not an actual-versus-forecast beat/miss assessment.
US Job Openings and Labor Turnover — 2026-08
The numbers behind the update
Indicator names follow the English release. Read the summary above for the explanation.
| Indicator | Actual | Previous | Unit |
|---|---|---|---|
| US JOLTS Job Openings | 7.190M | 7.335M | — |
What this may mean
USD may lean weaker initially, but mixed components can limit follow-through.
Key points
- Conflicting: US JOLTS Job Openings changed from 7.335M to 7.190M, a USD-negative previous-release comparison.
- Market context: Mildly Negative
US CPI MoM
USD
US CPI MoM was +0.4% for 2026-08, compared with +0.1% previously.
Event time Released
US CPI MoM
- Actual
- +0.4%
- Forecast
- —
- Previous
- +0.1%
What this may mean
U.S. inflation can change Federal Reserve rate expectations and move the dollar, Treasury yields, gold and equities.
Key points
- Market context: higher
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