Economic Calendar

Unemployment figures, company earnings reports and elections – keep track of key announcements and other events that could affect the markets. 

Monday 4 December to Sunday 10 December

RBA rate decision

Tuesday, December 5

03:30 GMT

The Reserve Bank of Australia had paused interest rate hikes for several months until raising the Cash Rate by an additional 25 basis points to 4.35% in November. Whether that was the last hike in the current cycle remains to be seen. But the fact that Australia’s inflation rate eased sharply to an annual rate of 4.9% in October from 5.6% the previous month, this has further reduced likelihood of another rate rise from the RBA. Still, the RBA is likely to hold rates high for a long period of time until inflation falls to the 2-3% target range.

What to watch: AUD, Australia 200

BOC rate decision

Wednesday, December 6

15:00 GMT

Slower inflation, uncertain growth, and lower oil prices all suggest the Bank of Canada will likely maintain current interest rates for the fourth consecutive time, overlooking job market tightness. While the central bank will probably maintain a higher-for-longer narrative alive, doubts may arise in markets nonetheless, as we have seen in the case of the US Federal Reserve. Regardless of the RBA’s language, the USD/CAD will probably remain more sensitive to the volatility in US dollar, as we have seen with other major FX pairs.

What to watch: USD/CAD, CAD/JPY

US nonfarm payrolls

Friday, December 8

13:30 GMT

In the last 5 months, we have seen 3 misses in the headline jobs growth, a sharp contrast to the previous 14 occasions when we saw repeated beats. The recent weakness in jobs growth, although not alarming by any means, suggests that the jobs market is cooling. This has also been highlighted in other measures of the labour market, with jobless claims rising more than expected and the unemployment rate edging higher. If we get a rather weak number this time, then expectations over a sooner-than-expected rate cut could send the dollar lower again.

What to watch: USD, gold

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      Economic Calendar FAQs

      What is an economic calendar?

      An economic calendar is a diary that lists the upcoming economic releases and events that are likely to move markets in the coming weeks and months. It’s an essential tool for traders, helping you plan your strategy around when your chosen markets might be highly volatile.

      You can access the City Index economic calendar from within our award-winning Web Trader platform, making it easier than ever to strategise around upcoming events. All you need is a demo account or a live account.

      Learn more about fundamental analysis in the City Index Academy.

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      How do I use an economic calendar?

      By default, the City Index calendar will show you all the potential market-moving events in the coming days – including how important each event is, plus its previous and consensus figure. 

      By tapping ‘SHOW FILTERS’, you can tailor the calendar to your specific strategy. For example, you can choose to only see events from certain countries or categories. You can even choose to only see events that are expected to deliver high volatility.

      You can also amend the timeframe of the economic calendar with the ‘Displaying’ dropdown.

      Tap on any event for more information.

       
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      Why should I use an economic calendar?

      An economic calendar enables you to plan your trading around key market-moving events. This is important for any trader, as economic releases can quickly change market conditions and may throw your existing strategy off course.

      Some traders steer clear of the markets entirely when economic data is due to be released; others see the heightened volatility as the best time to trade. Either way, knowing precisely when events are set to land is key to trading successfully.

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