Markets open the week facing an unusually dense central bank calendar. According to investingLive, decisions are due from the Reserve Bank of New Zealand, the Bank of Canada, the Federal Reserve, the European Central Bank and the Bank of Japan. The RBNZ is expected to lift its official cash rate to 3%.
Separately, the UK autumn budget is due on 28 October. Traders are weighing how it might affect Bank of England rate-hike bets, a link we covered after UK inflation hit 3.5%; see that note.
Also noted: European daylight saving time has ended while the US change is a week away, so the London to New York time gap is temporarily one hour different than usual, shifting session overlaps; see daylight saving time and forex sessions.
Practical points
- Spreads often widen and liquidity thins around decisions; see trading around high-impact news events.
- Statements and press conferences often move prices more than the rate itself; see reading central bank statements.
- Check exact release times for your timezone before the week begins.
This is a calendar overview, not a forecast or trade recommendation.