Given the ongoing U.S. government shutdown, the macroeconomic calendar has not been particularly busy in recent days. Today, investors will focus on Canada’s CPI data, which could influence the Canadian dollar and the USD/CAD pair. The market expects inflationary pressure in Canada to rise slightly year-over-year compared to the previous reading, although month-over-month figures are still projected to show a decline of -0.1%.
12:30 PM GMT – Canada, September CPI: 2.2% vs. 1.9% previous (month-on-month -0.1% vs. -0.1% previous)
Trim Inflation: 3.0% vs. 3.0% previous
Median CPI: 3.1% vs. 3.0% previous
Corporate Earnings
Before the U.S. session: General Motors, GE Aerospace, RTX Corp, Coca-Cola, Lockheed Martin
After the U.S. session: Netflix, Texas Instruments
Central Bank and US Officials’ Speeches
7 AM GMT – ECB’s Christine Lagarde
9 AM GMT – ECB’s Escriva
1 PM GMT – Fed’s Waller
1:30 PM GMT – ECB’s Kocher
7 PM GMT – U.S. Secretary of State, Scott Bessent