{"id":1279,"date":"2025-10-20T11:53:52","date_gmt":"2025-10-20T11:53:52","guid":{"rendered":"https:\/\/global.ftmo.com\/au\/blog\/trading-week-ahead-major-earnings-and-cpi-data\/"},"modified":"2026-02-18T08:54:53","modified_gmt":"2026-02-18T08:54:53","slug":"trading-week-ahead-major-earnings-and-cpi-data","status":"publish","type":"post","link":"https:\/\/ftmo.com\/au\/blog\/trading-week-ahead-major-earnings-and-cpi-data\/","title":{"rendered":"Trading Week Ahead: Major Earnings and CPI Data"},"content":{"rendered":"

Markets face a pivotal week as key macro data and geopolitical risks collide<\/strong>. The spotlight will be on the October US CPI<\/strong> and Flash PMIs<\/strong> from both the Eurozone and the US, offering early signals on inflation and growth. At the same time, traders remain alert to US-China tensions<\/strong>, a prolonged US government shutdown, and a heavy earnings calendar<\/strong> featuring companies like Tesla and Goldman Sachs.<\/em><\/p>\n

\ud83d\udc49 How can traders position for the volatility ahead? Let\u2019s break it down<\/strong>.<\/p>\n

\u2022 US CPI<\/strong>
\nThe October Consumer Price Index is the week\u2019s headline release and could set the tone for risk appetite. Core CPI is forecast at 0.3%, matching the previous month. A hotter print may prompt the market to push back expectations for Fed rate cuts, supporting the US dollar and yields. A cooler number, however, could trigger a dovish shift in sentiment and boost equities, gold, and other risk assets.<\/p>\n

\u2022 US Flash PMIs<\/strong>
\nUS Flash PMIs will offer an early read on how the economy is performing in October. Expectations are slightly lower across the board, with Manufacturing PMI forecast at 51.9 (down from 52.0) and Services PMI at 53.5 (down from 54.2). These readings will help confirm whether the US economy is continuing to slow in a controlled manner or if cracks are starting to widen. Any sharp surprise could spark moves in USD pairs and equity indices.<\/p>\n

\u2022 Eurozone Flash PMIs<\/strong>
\nThe Eurozone will also release its preliminary October PMIs, with markets looking for signs of either further weakness or unexpected stability. Persistent underperformance, particularly in manufacturing, could reinforce concerns that the region is sliding closer to recession. In such a scenario, the euro may come under renewed pressure, especially if the divergence with US data widens further.<\/p>\n\n\n\n

\n \n
\n Tuesday, Oct. 21\n <\/div>\n \n
\n
\n Time<\/span>\n
\n \n \n \n<\/svg>\n\n 2:30 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 CPI<\/span>\n <\/div>\n <\/div>\n \n
\n Wednesday, Oct. 22\n <\/div>\n \n
\n
\n Time<\/span>\n
\n \n \n \n<\/svg>\n\n 8:00 AM<\/span>\n <\/div>\n <\/div>\n\n
\n Instrument<\/span>\n
\n
\n \"GBP\"\n <\/div>\n GBP<\/span>\n <\/div>\n <\/div>\n\n
\n Event<\/span>\n CPI<\/span>\n <\/div>\n <\/div>\n \n
\n Thursday, Oct. 23\n <\/div>\n \n
\n
\n Time<\/span>\n
\n \n \n \n<\/svg>\n\n 2:30 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 Retail Sales<\/span>\n <\/div>\n <\/div>\n \n \n
\n
\n Time<\/span>\n
\n \n \n \n<\/svg>\n\n 4:00 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 Existing Home Sales<\/span>\n <\/div>\n <\/div>\n \n
\n Friday, Oct. 24\n <\/div>\n \n
\n
\n Time<\/span>\n
\n \n \n \n<\/svg>\n\n 8:00 AM<\/span>\n <\/div>\n <\/div>\n\n
\n Instrument<\/span>\n
\n
\n \"GBP\"\n <\/div>\n GBP<\/span>\n <\/div>\n <\/div>\n\n
\n Event<\/span>\n Retail Sales<\/span>\n <\/div>\n <\/div>\n \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 Flash Manufacturing, Services PMI<\/span>\n <\/div>\n <\/div>\n \n \n
\n
\n Time<\/span>\n
\n \n \n \n<\/svg>\n\n 10:30 AM<\/span>\n <\/div>\n <\/div>\n\n
\n Instrument<\/span>\n
\n
\n \"GBP\"\n <\/div>\n GBP<\/span>\n <\/div>\n <\/div>\n\n
\n Event<\/span>\n Flash Manufacturing, Services PMI<\/span>\n <\/div>\n <\/div>\n \n \n
\n
\n Time<\/span>\n
\n \n \n \n<\/svg>\n\n 2:30 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 CPI<\/span>\n <\/div>\n <\/div>\n \n \n
\n
\n Time<\/span>\n
\n \n \n \n<\/svg>\n\n 3:45 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 Flash Manufacturing, Services PMI<\/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
Date<\/th>\n Time<\/th>\n Instrument<\/th>\n Event<\/th>\n <\/tr>\n <\/thead>\n
Tuesday, Oct. 21<\/td>\n \n \n
\n \n \n \n<\/svg>\n<\/span>\n 2:30 PM<\/span>\n <\/div>\n <\/td>\n \n
\n
\n
\n \"CAD\"\n <\/div>\n
CAD<\/div>\n <\/div>\n <\/td>\n\n
\n CPI<\/span>\n <\/td>\n <\/tr>\n \n \n
Wednesday, Oct. 22<\/td>\n \n \n
\n \n \n \n<\/svg>\n<\/span>\n 8:00 AM<\/span>\n <\/div>\n <\/td>\n \n
\n
\n
\n \"GBP\"\n <\/div>\n
GBP<\/div>\n <\/div>\n <\/td>\n\n
\n CPI<\/span>\n <\/td>\n <\/tr>\n \n \n
Thursday, Oct. 23<\/td>\n \n \n
\n \n \n \n<\/svg>\n<\/span>\n 2:30 PM<\/span>\n <\/div>\n <\/td>\n \n
\n
\n
\n \"CAD\"\n <\/div>\n
CAD<\/div>\n <\/div>\n <\/td>\n\n
\n Retail Sales<\/span>\n <\/td>\n <\/tr>\n \n \n
\n
\n \n \n \n<\/svg>\n<\/span>\n 4:00 PM<\/span>\n <\/div>\n <\/td>\n \n
\n
\n
\n \"USD\"\n <\/div>\n
USD<\/div>\n <\/div>\n <\/td>\n\n
\n Existing Home Sales<\/span>\n <\/td>\n <\/tr>\n \n \n
Friday, Oct. 24<\/td>\n \n \n
\n \n \n \n<\/svg>\n<\/span>\n 8:00 AM<\/span>\n <\/div>\n <\/td>\n \n
\n
\n
\n \"GBP\"\n <\/div>\n
GBP<\/div>\n <\/div>\n <\/td>\n\n
\n Retail Sales<\/span>\n <\/td>\n <\/tr>\n \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 Flash Manufacturing, Services PMI<\/span>\n <\/td>\n <\/tr>\n \n \n
\n
\n \n \n \n<\/svg>\n<\/span>\n 10:30 AM<\/span>\n <\/div>\n <\/td>\n \n
\n
\n
\n \"GBP\"\n <\/div>\n
GBP<\/div>\n <\/div>\n <\/td>\n\n
\n Flash Manufacturing, Services PMI<\/span>\n <\/td>\n <\/tr>\n \n \n
\n
\n \n \n \n<\/svg>\n<\/span>\n 2:30 PM<\/span>\n <\/div>\n <\/td>\n \n
\n
\n
\n \"USD\"\n <\/div>\n
USD<\/div>\n <\/div>\n <\/td>\n\n
\n CPI<\/span>\n <\/td>\n <\/tr>\n \n \n
\n
\n \n \n \n<\/svg>\n<\/span>\n 3:45 PM<\/span>\n <\/div>\n <\/td>\n \n
\n
\n
\n \"USD\"\n <\/div>\n
USD<\/div>\n <\/div>\n <\/td>\n\n
\n Flash Manufacturing, Services PMI<\/span>\n <\/td>\n <\/tr>\n <\/tbody>\n <\/table>\n <\/div>\n