The Weekly Macro Outlook
What’s shaping global markets this week and the key events traders need to watch. Read This Week's Macro OutlookWhat We Cover Each Week
Our Weekly Macro Outlook provides essential context for the week ahead, highlighting key economic releases, central bank activity, and the macro themes shaping market conditions.
It complements our flagship technical analysis research, helping traders stay aligned with the broader environment while focusing on the key events most likely to affect markets. Explore our latest technical analysis.
Read this week’s Weekly Macro Outlook:
The Macro Outlook: Macro Crosscurrents – Labor Signals & Geopolitical Risks
The key events for the w/c 2 March 2026: US: payrolls Feb, retail sales, ISM surveys, & Fed Beige Book, Aus GDP Q4, S&P Global PMIs Feb Macro Recap: Escalation Events over the past week reinforced the economic and geopolitical crosscurrents facing markets...
The Macro Outlook: Navigating Macro & Geopolitical Crosscurrents
The key events for the w/c 23 February 2026: US tariff ruling fallout, State of the Union, earnings, data (PPI), and geopolitical headline risks. Outlook for the week ahead Events in the coming week highlight the macroeconomic and geopolitical crosscurrents facing...
The Macro Outlook: A Cautious Rebalancing
The key events for the w/c 16 February 2026: US PCE inflation, Q4 GDP, & FOMC Minutes, Global CPI data, RBNZ Policy Meeting, S&P Prelim PMIs Feb Macro Recap: Constructive Data for the Fed Mandate US data last week provided a solid update to the Federal...
The Macro Outlook: US Labour Market, Retail Sales, & Inflation
The key events for the w/c 9 February 2026: US Labor Market, Retail Sales, and CPI Macro Recap: Funding Lapse & Postponed US Labor Data Due to the lapse in US government funding early last week, the release of the US non-farm payrolls and broader employment report...
The Macro Outlook: Central Bank Meetings and the US Labor Market
The key events for the w/c 2 February 2026: US Labor Market, Central Bank Meetings: RBA, BoE, and ECB, S&P Global PMIs Jan Macro Recap: Fed Leadership Change & Policy On-Hold Late last week, the impending change in Fed leadership came into sharp focus with the...
The Macro Outlook: FOMC Preview – Resilient Growth, Stalled Hiring, and a Cautious Inflation Outlook
The key events for the w/c 26 January 2026: FOMC & BoC Meetings, Aus Q4 CPI, Euro area GDP Q4 As the FOMC prepares to meet this week, U.S. data continued to reflect resilient activity through the latter half of 2025. Paradoxically, this activity has not yet...
The Macro Outlook: Economic Steadying Amid Sentiment Risks
The key events for the w/c 19 January 2026: US PCE inflation, Q3 GDP (second est), BoJ meeting, key global CPI reports, prelim S&P PMIs Jan As data flows normalise, the picture reveals a U.S. economy that is largely steadying, though not yet out of the woods,...
The Macro Outlook: Labor Market Risks vs. Resilient Activity
The key events for the w/c 12 January 2026: US CPI, PPI, retail sales, and Fed speeches Last week’s data continued to reflect the core tension in the US economy: a “low-dynamism” labor market persisting alongside resilient top-line economic activity. While the fall in...
The Macro Outlook: Setting the Tone for 2026
The key events for the w/c 5 January 2026: US non-farm payrolls, ISM PMIs, Aus CPI (monthly), S&P PMIs for Dec The new year opens with a focus on reorientation as the US catches up on delayed data releases over a mostly quiet holiday period. We start the year,...
The Macro Outlook: Final Central Bank Decisions of 2025
The key events for the w/c 22 December 2025: Christmas Holiday week, US Q3 GDP, RBA Minutes The Recap from Last Week: ECB, BoE, and BoJ Decisions The final three major central bank decisions of the year reinforced the theme of policy divergence as policymakers...
