After today’s wild Bank of Canada and FOMC rate cuts, the week is still far from over:
Today’s evening session welcomes huge data for Antipodean traders, including New Zealand’s GDP (18:45) and Australian Employment (21:30) – Both currencies and particularly the AUD have been strong in the past few weeks, putting some more emphasis on tonight’s releases.
Thursday promises to be huge, kicking off with a flurry of ECB speeches overnight (another one by Lagarde, de Guindos, Schnabel, Nagel), adding to potential euro volatility – ECB speakers have been generous with speeches as of late which took out further rate cuts priced in 2026.
At 07:00 ET, all eyes turn to the Bank of England’s rate decision, minutes, and vote breakdown — a potential high-impact event for GBP.
After the most recent cut, the BoE is expected to maintain its rates at 4% amid high inflation but we can never know with the Bank of England.
The U.S. follows at 08:30 ET with Initial Jobless Claims and the Philly Fed survey, key checks on labour and manufacturing.
Later, New Zealand releases trade data at 18:45 ET, but the biggest piece of the session will be for the JPY traders (and actually all traders are looking at this):
The National CPI for Japan at 19:00 ET. but most importantly, the Bank of Japan interest rate decision expected for tonight anytime between 19:30 and 20:30 (time not specified).
