Real-Time Economic Calendar

Anticipate volatility before it hits. NFP, ECB, Fed, CPI announcements, filterable by impact level and trading session.

Impact
Session
Time Country Event Impact Prev. Fcst.
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How to read this calendar?

Each row shows the release time (Paris time), country, indicator and estimated impact level. The Prev. (previous value) and Fcst. (analyst consensus) columns let you measure the surprise.

Basic rule: if the actual figure beats forecasts, the relevant currency tends to appreciate. But for inverted indicators (unemployment rate, jobless claims, trade deficit…), it’s a lower-than-expected figure that supports the currency.

Good data = bullish market?

Not automatically. A strong NFP can send equities lower if traders anticipate a hawkish Fed reaction. The real question: is the figure better than expected, and how will central banks respond?

A rising CPI can be bearish for bonds and bullish for the dollar simultaneously. Watch the market reaction in the first 15 minutes post-release.

Key indicators to watch

NFPUS jobs · 1st Friday of the month · major USD impact
CPIInflation · drives Fed/ECB expectations
FedRate decision · guaranteed EUR/USD move
ECBEurozone monetary policy · direct EUR impact
ISMUS activity (Manufacturing + Services)

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Economic Indicators Glossary

Indicator What it is Impacted Markets
NFPNon-Farm Payrolls: monthly US job creation outside agriculture, released the first Friday of each month. The most closely watched forex indicator.USDEUR/USDGoldS&P 500
Jobless ClaimsWeekly US unemployment benefit claims. High-frequency labour market indicator. Less powerful than NFP but published every Thursday — closely followed mid-week.USDEUR/USD
CPIConsumer Price Index. Measures the change in cost of a basket of goods and services. The main tool used by central banks to calibrate rate policy. CPI above forecast = upward pressure on rates.USDEURBondsGold
PPIProducer Price Index. Measures upstream inflation at the producer level. Watched as an early signal of inflationary pressures, though it does not reliably predict CPI.USDBondsGold
PCEPersonal Consumption Expenditures price index. The Fed’s preferred inflation gauge (2% target since 2012). Released monthly with the household income/spending report. Often more decisive than CPI for anticipating US rate decisions.USDBondsGold
Fed / FOMCUS Federal Reserve rate decision. Published 8 times a year. The release that generates the largest moves across global markets, followed by the Fed Chair’s press conference.USDS&P 500BondsGold
ECBEuropean Central Bank rate decision. Published 8 times a year. The press conference that follows is often as important as the figure itself.EUREUR/USDEUR/GBPDAX
BOEBank of England rate decision. Direct impact on sterling. As the UK never adopted the euro, the BoE runs a monetary policy independent of the ECB’s, which can widen rate gaps between GBP and EUR.GBPGBP/USDEUR/GBPFTSE 100
SNBSwiss National Bank rate decision. Direct impact on the Swiss franc, a safe-haven currency sought in times of market stress. The SNB is known for intervening on the FX market to curb the franc’s appreciation.CHFUSD/CHFEUR/CHF
BoJBank of Japan rate decision. Direct impact on the yen. After years of ultra-accommodative policy, the BoJ has been raising rates since 2024: each hike tends to strengthen the yen and reduce the appeal of the carry trade.JPYUSD/JPYNikkei 225
BoCBank of Canada rate decision. Direct impact on the Canadian dollar, sensitive to oil prices as Canada is a major exporter.CADUSD/CADOil
RBAReserve Bank of Australia rate decision. Direct impact on the Australian dollar, closely tied to Chinese demand and commodities (iron ore).AUDAUD/USDCommodities
RBNZReserve Bank of New Zealand rate decision. Direct impact on the New Zealand dollar, sensitive to agricultural commodity prices (dairy) and Chinese demand.NZDNZD/USDCommodities
LPRLoan Prime Rate: the benchmark lending rate set by China’s central bank (PBOC), the main lever of Chinese monetary policy. Influences the yuan and assets sensitive to Chinese growth.CNHAUDCommodities
ISMActivity indices published by the Institute for Supply Management in the US. Two versions: Manufacturing and Services. Above 50 = expansion, below = contraction. Closely watched leading indicators of the US cycle.USDS&P 500Bonds
Retail SalesMonthly measure of household consumption, which represents ~70% of US GDP. A strong figure supports the dollar and US equities.USDS&P 500Nasdaq
PMIPurchasing Managers’ Index. Survey-based index of purchasing managers. Above 50 = expansion, below = contraction. Available in Manufacturing and Services versions. Leading indicator of the economic cycle.USDEURGBPEquity indices
GDPGross Domestic Product. Quarterly measure of economic growth. Rising GDP supports the currency. Two consecutive negative quarters = technical recession.USDEUREquity indicesBonds