Our weekly forex outlook for the week of October 31, 2026 highlights the high-impact economic events and market themes traders should watch. All times are approximate; verify against your broker’s calendar before trading.
Key Economic Events This Week
- CB Consumer Confidence (USD) – 10-27-2026 2:00pm, impact: Medium, forecast 81.2, previous 81.9
- Federal Funds Rate (USD) – 10-28-2026 6:00pm, impact: High, forecast 4.00%, previous 4.00%
- FOMC Statement (USD) – 10-28-2026 6:00pm, impact: High
- RBA Gov Bullock Speaks (AUD) – 10-28-2026 12:15am, impact: Medium
- CPI m/m (AUD) – 10-28-2026 12:30am, impact: High, forecast 0.7%, previous 0.4%
- CPI y/y (AUD) – 10-28-2026 12:30am, impact: High, forecast 4.2%, previous 4.0%
- Official Cash Rate (NZD) – 10-28-2026 1:00am, impact: High, forecast 3.00%, previous 2.75%
- RBNZ Rate Statement (NZD) – 10-28-2026 1:00am, impact: High
- RBNZ Press Conference (NZD) – 10-28-2026 2:00am, impact: High
- Annual Budget Release (GBP) – 10-28-2026 12:30pm, impact: High
- Autumn Forecast Statement (GBP) – 10-28-2026 12:30pm, impact: Medium
- BOC Monetary Policy Report (CAD) – 10-28-2026 1:45pm, impact: High
- BOC Rate Statement (CAD) – 10-28-2026 1:45pm, impact: High
- Overnight Rate (CAD) – 10-28-2026 1:45pm, impact: High, forecast 2.50%, previous 2.25%
- Main Refinancing Rate (EUR) – 10-29-2026 1:15pm, impact: High, forecast 2.65%, previous 2.65%
- Monetary Policy Statement (EUR) – 10-29-2026 1:15pm, impact: High
- ECB Press Conference (EUR) – 10-29-2026 1:45pm, impact: High
- Tokyo Core CPI y/y (JPY) – 10-29-2026 11:30pm, impact: Medium, forecast 2.6%, previous 2.7%
- BOJ Outlook Report (JPY) – 10-30-2026 3:02am, impact: High
- BOJ Policy Rate (JPY) – 10-30-2026 3:02am, impact: High, forecast <1.25%, previous <1.25%
Market News in Focus
- Agentic AI excitement runs ahead of results
- Alaska Air to cut about 200 jobs as fuel shock squeezes earnings
- US approves $2.1 billion Patriot missile sale to Ukraine
- Wall Street closes sharply lower as AI cash burn fears spark tech selloff
- Is the market too bearish on aluminium?
- Crypto exchanges call for quick moves to bolster defenses after Binance heist
Trading Takeaway
High-impact releases can widen spreads and spike volatility. Trade liquid pairs, respect your risk rules, and use a stop-loss on every position. Beginners should practise on a demo account first.
High-impact events (like CPI, NFP, central-bank decisions) move currencies most. They often widen spreads and spike volatility, so traders size positions carefully around them.
Use a stop-loss, avoid over-leverage, and consider waiting for the initial spike to pass. Beginners should practise on a demo account first.
Open a forex account with our trusted broker partner »
Risk Warning & Disclosure: Trading forex, CFDs and cryptocurrencies carries high risk and may not be suitable for all investors. You could lose more than your initial deposit. This article is for general information only and is not financial advice. Forex Daily may receive commission from brokers when you sign up via our links. Always trade with capital you can afford to lose.
