{"id":2819,"date":"2026-08-17T13:03:43","date_gmt":"2026-08-17T13:03:43","guid":{"rendered":"https:\/\/ftmo.com\/au\/?p=2819"},"modified":"2026-08-17T13:03:45","modified_gmt":"2026-08-17T13:03:45","slug":"trading-week-ahead-fomc-minutes-and-eurozone-cpi","status":"publish","type":"post","link":"https:\/\/ftmo.com\/au\/blog\/trading-week-ahead-fomc-minutes-and-eurozone-cpi\/","title":{"rendered":"Trading Week Ahead: FOMC Minutes and Eurozone CPI"},"content":{"rendered":"\n

With market volatility suppressed near yearly lows, upcoming macroeconomic catalysts will test current rate expectations. The FOMC meeting minutes<\/strong>, Eurozone CPI,<\/strong> and US flash PMIs <\/strong>will drive cross-asset sentiment and currency repricing.<\/em><\/p>\n\n\n\n

\ud83d\udc49<\/strong><\/strong> EUR CPI – 11:00, Wednesday (CEST)<\/strong><\/p>\n\n\n\n

Forecast at 2.8% following a -0.1% contraction previously. An upside surprise could spark hawkish ECB rate bets and lift EUR pairs, whilst a softer print will likely pressure the euro.<\/p>\n\n\n\n

\ud83d\udc49<\/strong><\/strong> USD FOMC Meeting Minutes – 20:00, Wednesday (CEST)<\/strong><\/p>\n\n\n\n

Details from July’s policy hold, where three members dissented in favour of a 25-basis-point hike, will be closely parsed. Any hawkish tone regarding persistent inflation risks could lift the US dollar and Treasury yields.<\/p>\n\n\n\n

\ud83d\udc49<\/strong><\/strong> USD Flash Services PMI – 15:45, Friday (CEST)<\/strong><\/p>\n\n\n\n

Tipped to cool to 53.9 from 54.6 previously. A robust beat will highlight economic resilience and support USD, whereas a sharp downside miss may fuel risk-off flows.<\/p>\n\n\n\n

\n\n \n\n

\n \n
\n 18\/08\/26\n <\/div>\n \n
\n
\n Time<\/span>\n
\n <\/svg>\n 08:00<\/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 Claimant Count Change<\/span>\n <\/div>\n <\/div>\n \n
\n 19\/08\/26\n <\/div>\n \n
\n
\n Time<\/span>\n
\n <\/svg>\n 08:00<\/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
\n
\n Time<\/span>\n
\n <\/svg>\n 11:00<\/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 <\/svg>\n 20:00<\/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 Meeting Minutes<\/span>\n <\/div>\n <\/div>\n \n
\n 20\/08\/26\n <\/div>\n \n
\n
\n Time<\/span>\n
\n <\/svg>\n 14:30<\/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 Philadelphia Fed Manufacturing Index<\/span>\n <\/div>\n <\/div>\n \n
\n 21\/08\/26\n <\/div>\n \n
\n
\n Time<\/span>\n
\n <\/svg>\n 08:00<\/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 <\/svg>\n 10:00<\/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 Eurozone Flash Manufacturing PMI<\/span>\n <\/div>\n <\/div>\n \n \n
\n
\n Time<\/span>\n
\n <\/svg>\n 10:00<\/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 Eurozone Flash Services PMI<\/span>\n <\/div>\n <\/div>\n \n \n
\n
\n Time<\/span>\n
\n <\/svg>\n 15:45<\/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 PMI<\/span>\n <\/div>\n <\/div>\n \n \n
\n
\n Time<\/span>\n
\n <\/svg>\n 15:45<\/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 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 \n \n \n \n
Date<\/th>\n Time<\/th>\n Instrument<\/th>\n Event<\/th>\n <\/tr>\n <\/thead>\n
18\/08\/26<\/td>\n \n \n
\n <\/svg><\/span>\n 08:00<\/span>\n <\/div>\n <\/td>\n \n
\n
\n
\n \"GBP\"\n <\/div>\n
GBP<\/div>\n <\/div>\n <\/td>\n\n
\n Claimant Count Change<\/span>\n <\/td>\n <\/tr>\n \n \n
19\/08\/26<\/td>\n \n \n
\n <\/svg><\/span>\n 08:00<\/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
\n
\n <\/svg><\/span>\n 11:00<\/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 <\/svg><\/span>\n 20:00<\/span>\n <\/div>\n <\/td>\n \n
\n
\n
\n \"USD\"\n <\/div>\n
USD<\/div>\n <\/div>\n <\/td>\n\n
\n FOMC Meeting Minutes<\/span>\n <\/td>\n <\/tr>\n \n \n
20\/08\/26<\/td>\n \n \n
\n <\/svg><\/span>\n 14:30<\/span>\n <\/div>\n <\/td>\n \n
\n
\n
\n \"USD\"\n <\/div>\n
USD<\/div>\n <\/div>\n <\/td>\n\n
\n Philadelphia Fed Manufacturing Index<\/span>\n <\/td>\n <\/tr>\n \n \n
21\/08\/26<\/td>\n \n \n
\n <\/svg><\/span>\n 08:00<\/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 <\/svg><\/span>\n 10:00<\/span>\n <\/div>\n <\/td>\n \n
\n
\n
\n \"EUR\"\n <\/div>\n
EUR<\/div>\n <\/div>\n <\/td>\n\n
\n Eurozone Flash Manufacturing PMI<\/span>\n <\/td>\n <\/tr>\n \n \n
\n
\n
\n \"EUR\"\n <\/div>\n
EUR<\/div>\n <\/div>\n <\/td>\n\n
\n Eurozone Flash Services PMI<\/span>\n <\/td>\n <\/tr>\n \n \n
\n
\n <\/svg><\/span>\n 15:45<\/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 PMI<\/span>\n <\/td>\n <\/tr>\n \n \n
\n
\n
\n \"USD\"\n <\/div>\n
USD<\/div>\n <\/div>\n <\/td>\n\n
\n Flash Services PMI<\/span>\n <\/td>\n <\/tr>\n <\/tbody>\n <\/table>\n <\/div>\n