{"id":1277,"date":"2025-10-27T12:57:38","date_gmt":"2025-10-27T12:57:38","guid":{"rendered":"https:\/\/global.ftmo.com\/au\/blog\/trading-week-ahead-central-banks-cpi-in-the-spotlight\/"},"modified":"2026-02-18T08:54:01","modified_gmt":"2026-02-18T08:54:01","slug":"trading-week-ahead-central-banks-cpi-in-the-spotlight","status":"publish","type":"post","link":"https:\/\/ftmo.com\/au\/blog\/trading-week-ahead-central-banks-cpi-in-the-spotlight\/","title":{"rendered":"Trading Week Ahead: Central Banks & CPI in the Spotlight"},"content":{"rendered":"

Markets face a pivotal week as central bank decisions and inflation data collide. The Fed<\/strong> is widely expected to deliver a second rate cut<\/strong>, but it\u2019s Powell\u2019s forward guidance that will dictate the broader market tone. Across the Atlantic, the ECB<\/strong> holds steady, yet any dovish shift from Lagarde could rattle the euro. Meanwhile, Friday\u2019s Eurozone CPI<\/strong> will serve as a critical gauge for future policy moves, with volatility likely to surge across all markets.<\/em><\/p>\n

\u2022 Fed Rate Decision<\/strong>
\nThe Fed is widely expected to cut rates from 4.25% to 4.00% this Wednesday, marking its second straight easing move. However, the key market driver will be the forward guidance accompanying the decision. If Chair Powell signals openness to further cuts amid weakening macro data, the USD could face renewed pressure, yields may fall, and equities could find support. Conversely, a more cautious or hawkish tone could stabilise the greenback and spark profit-taking across risk assets.<\/p>\n

\u2022 ECB Rate Decision<\/strong>
\nThe ECB is set to hold rates steady at 2.15%, but traders will be laser-focused on the language and tone of the Monetary Policy Statement. Should President Lagarde adopt a dovish stance, indicating possible future cuts amid stagnating growth and soft inflation, EUR pairs may slide. Alternatively, a more hawkish or data-dependent message could support the euro and temper rate cut bets.<\/p>\n

\u2022 Eurozone CPI<\/strong>
\nFriday\u2019s Eurozone CPI release will test whether inflation is easing in line with ECB projections. A stronger-than-expected print may delay any hopes for monetary easing, potentially lifting EUR and pushing bond yields higher. A soft inflation figure, however, would likely intensify rate cut expectations and weaken the euro, creating space for upside in European equities and bonds.<\/p>\n\n\n\n

\n \n
\n Tuesday, Oct. 28\n <\/div>\n \n
\n
\n Time<\/span>\n
\n \n \n \n<\/svg>\n\n 3:00 PM<\/span>\n <\/div>\n <\/div>\n\n
\n Instrument<\/span>\n
\n
\n \"USD\"\n <\/div>\n USD<\/span>\n <\/div>\n <\/div>\n\n
\n Event<\/span>\n CB Consumer Confidence (tentative)<\/span>\n <\/div>\n <\/div>\n \n
\n Wednesday, Oct. 29\n <\/div>\n \n
\n
\n Time<\/span>\n
\n \n \n \n<\/svg>\n\n 2:45 PM<\/span>\n <\/div>\n <\/div>\n\n
\n Instrument<\/span>\n
\n
\n \"CAD\"\n <\/div>\n CAD<\/span>\n <\/div>\n <\/div>\n\n
\n Event<\/span>\n BOC Rate Statement<\/span>\n <\/div>\n <\/div>\n \n \n
\n
\n Time<\/span>\n
\n \n \n \n<\/svg>\n\n 7:00 PM<\/span>\n <\/div>\n <\/div>\n\n
\n Instrument<\/span>\n
\n
\n \"USD\"\n <\/div>\n USD<\/span>\n <\/div>\n <\/div>\n\n
\n Event<\/span>\n Federal Funds Rate<\/span>\n <\/div>\n <\/div>\n \n \n
\n
\n Time<\/span>\n
\n \n \n \n<\/svg>\n\n 7:30 PM<\/span>\n <\/div>\n <\/div>\n\n
\n Instrument<\/span>\n
\n
\n \"USD\"\n <\/div>\n USD<\/span>\n <\/div>\n <\/div>\n\n
\n Event<\/span>\n FOMC Press Conference<\/span>\n <\/div>\n <\/div>\n \n
\n Thursday, Oct. 30\n <\/div>\n \n
\n
\n Time<\/span>\n
\n \n \n \n<\/svg>\n\n 10:00 AM<\/span>\n <\/div>\n <\/div>\n\n
\n Instrument<\/span>\n
\n
\n \"EUR\"\n <\/div>\n EUR<\/span>\n <\/div>\n <\/div>\n\n
\n Event<\/span>\n German GDP<\/span>\n <\/div>\n <\/div>\n \n \n
\n
\n Time<\/span>\n
\n \n \n \n<\/svg>\n\n 1:30 PM<\/span>\n <\/div>\n <\/div>\n\n
\n Instrument<\/span>\n
\n
\n \"USD\"\n <\/div>\n USD<\/span>\n <\/div>\n <\/div>\n\n
\n Event<\/span>\n GDP (tentative)<\/span>\n <\/div>\n <\/div>\n \n \n
\n
\n Time<\/span>\n
\n \n \n \n<\/svg>\n\n 2:00 PM<\/span>\n <\/div>\n <\/div>\n\n
\n Instrument<\/span>\n
\n
\n \"EUR\"\n <\/div>\n EUR<\/span>\n <\/div>\n <\/div>\n\n
\n Event<\/span>\n German CPI<\/span>\n <\/div>\n <\/div>\n \n \n
\n
\n Time<\/span>\n
\n \n \n \n<\/svg>\n\n 2:15 PM<\/span>\n <\/div>\n <\/div>\n\n
\n Instrument<\/span>\n
\n
\n \"EUR\"\n <\/div>\n EUR<\/span>\n <\/div>\n <\/div>\n\n
\n Event<\/span>\n Monetary Policy Statement<\/span>\n <\/div>\n <\/div>\n \n \n
\n
\n Time<\/span>\n
\n \n \n \n<\/svg>\n\n 2:45 PM<\/span>\n <\/div>\n <\/div>\n\n
\n Instrument<\/span>\n
\n
\n \"EUR\"\n <\/div>\n EUR<\/span>\n <\/div>\n <\/div>\n\n
\n Event<\/span>\n ECB Press Conference<\/span>\n <\/div>\n <\/div>\n \n
\n Friday, Oct. 31\n <\/div>\n \n
\n
\n Time<\/span>\n
\n \n \n \n<\/svg>\n\n 11:00 AM<\/span>\n <\/div>\n <\/div>\n\n
\n Instrument<\/span>\n
\n
\n \"EUR\"\n <\/div>\n EUR<\/span>\n <\/div>\n <\/div>\n\n
\n Event<\/span>\n CPI<\/span>\n <\/div>\n <\/div>\n \n \n
\n
\n Time<\/span>\n
\n \n \n \n<\/svg>\n\n 1:30 PM<\/span>\n <\/div>\n <\/div>\n\n
\n Instrument<\/span>\n
\n
\n \"CAD\"\n <\/div>\n CAD<\/span>\n <\/div>\n <\/div>\n\n
\n Event<\/span>\n GDP<\/span>\n <\/div>\n <\/div>\n \n \n
\n
\n Time<\/span>\n
\n \n \n \n<\/svg>\n\n 1:30 PM<\/span>\n <\/div>\n <\/div>\n\n
\n Instrument<\/span>\n
\n
\n \"USD\"\n <\/div>\n USD<\/span>\n <\/div>\n <\/div>\n\n
\n Event<\/span>\n Core PCE Price Index (tentative)<\/span>\n <\/div>\n <\/div>\n <\/div>\n\n
\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n
Date<\/th>\n Time<\/th>\n Instrument<\/th>\n Event<\/th>\n <\/tr>\n <\/thead>\n
Tuesday, Oct. 28<\/td>\n \n \n
\n \n \n \n<\/svg>\n<\/span>\n 3:00 PM<\/span>\n <\/div>\n <\/td>\n \n
\n
\n
\n \"USD\"\n <\/div>\n
USD<\/div>\n <\/div>\n <\/td>\n\n
\n CB Consumer Confidence (tentative)<\/span>\n <\/td>\n <\/tr>\n \n \n
Wednesday, Oct. 29<\/td>\n \n \n
\n \n \n \n<\/svg>\n<\/span>\n 2:45 PM<\/span>\n <\/div>\n <\/td>\n \n
\n
\n
\n \"CAD\"\n <\/div>\n
CAD<\/div>\n <\/div>\n <\/td>\n\n
\n BOC Rate Statement<\/span>\n <\/td>\n <\/tr>\n \n \n
\n
\n \n \n \n<\/svg>\n<\/span>\n 7:00 PM<\/span>\n <\/div>\n <\/td>\n \n
\n
\n
\n \"USD\"\n <\/div>\n
USD<\/div>\n <\/div>\n <\/td>\n\n
\n Federal Funds Rate<\/span>\n <\/td>\n <\/tr>\n \n \n
\n
\n \n \n \n<\/svg>\n<\/span>\n 7:30 PM<\/span>\n <\/div>\n <\/td>\n \n
\n
\n
\n \"USD\"\n <\/div>\n
USD<\/div>\n <\/div>\n <\/td>\n\n
\n FOMC Press Conference<\/span>\n <\/td>\n <\/tr>\n \n \n
Thursday, Oct. 30<\/td>\n \n \n
\n \n \n \n<\/svg>\n<\/span>\n 10:00 AM<\/span>\n <\/div>\n <\/td>\n \n
\n
\n
\n \"EUR\"\n <\/div>\n
EUR<\/div>\n <\/div>\n <\/td>\n\n
\n German GDP<\/span>\n <\/td>\n <\/tr>\n \n \n
\n
\n \n \n \n<\/svg>\n<\/span>\n 1:30 PM<\/span>\n <\/div>\n <\/td>\n \n
\n
\n
\n \"USD\"\n <\/div>\n
USD<\/div>\n <\/div>\n <\/td>\n\n
\n GDP (tentative)<\/span>\n <\/td>\n <\/tr>\n \n \n
\n
\n \n \n \n<\/svg>\n<\/span>\n 2:00 PM<\/span>\n <\/div>\n <\/td>\n \n
\n
\n
\n \"EUR\"\n <\/div>\n
EUR<\/div>\n <\/div>\n <\/td>\n\n
\n German CPI<\/span>\n <\/td>\n <\/tr>\n \n \n
\n
\n \n \n \n<\/svg>\n<\/span>\n 2:15 PM<\/span>\n <\/div>\n <\/td>\n \n
\n
\n
\n \"EUR\"\n <\/div>\n
EUR<\/div>\n <\/div>\n <\/td>\n\n
\n Monetary Policy Statement<\/span>\n <\/td>\n <\/tr>\n \n \n
\n
\n \n \n \n<\/svg>\n<\/span>\n 2:45 PM<\/span>\n <\/div>\n <\/td>\n \n
\n
\n
\n \"EUR\"\n <\/div>\n
EUR<\/div>\n <\/div>\n <\/td>\n\n
\n ECB Press Conference<\/span>\n <\/td>\n <\/tr>\n \n \n
Friday, Oct. 31<\/td>\n \n \n
\n \n \n \n<\/svg>\n<\/span>\n 11:00 AM<\/span>\n <\/div>\n <\/td>\n \n
\n
\n
\n \"EUR\"\n <\/div>\n
EUR<\/div>\n <\/div>\n <\/td>\n\n
\n CPI<\/span>\n <\/td>\n <\/tr>\n \n \n
\n
\n \n \n \n<\/svg>\n<\/span>\n 1:30 PM<\/span>\n <\/div>\n <\/td>\n \n
\n
\n
\n \"CAD\"\n <\/div>\n
CAD<\/div>\n <\/div>\n <\/td>\n\n
\n GDP<\/span>\n <\/td>\n <\/tr>\n \n \n
\n
\n
\n \"USD\"\n <\/div>\n
USD<\/div>\n <\/div>\n <\/td>\n\n
\n Core PCE Price Index (tentative)<\/span>\n <\/td>\n <\/tr>\n <\/tbody>\n <\/table>\n <\/div>\n