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 for w/c 16 May 2022
Key themes for the week ahead – inflation, US retail sales, central bank speeches & minutes, and ongoing geopolitical risk Recap from last week US CPI for Apr and Fed speeches was the focus of last week. US CPI growth did ease to +8.3% in Apr from +8.5% in Mar but...
The Macro Outlook for w/c 9 May 2022
Key themes for the week ahead – US CPI, central bank speeches, and ongoing geopolitical risk Recap from last week The FOMC, RBA, and BoE increased rates to curb inflation, announced balance sheet reduction, and guided higher for the likely path of rates. The FOMC...
The Macro Outlook for w/c 2 May 2022
Key events for the week ahead – FOMC, BoE, and RBA meetings, US non-farm payrolls, and ongoing geopolitical risk Recap from last week US Q1 real GDP surprised to the downside due to a notable contraction in net exports. US goods exports declined while import demand...
The Macro Outlook for w/c 25 April 2022
Key themes for the week ahead – Inflation and growth data, BoJ meeting, and ongoing geopolitical risk Recap from last week Last week, US Fed Chair Powell indicated that a 50bps increase will be on the table for the May meeting. Other speeches by Fed officials last...
The Macro Outlook for w/c 18 April 2022
Key themes for the week ahead – US Fed Chair speech, CPIs Japan, Canada, & NZ, prelim global PMI’s Apr, and ongoing geopolitical risk Recap from last week US CPI growth accelerated as expected to +8.5% in Mar from +7.9% in Feb. The acceleration was led by higher...
The Macro Outlook for w/c 11 April 2022
Key themes for the week ahead – Central bank policy decisions, US CPI, and ongoing geopolitical risk Recap from last week... Central banks are moving towards a tightening stance on monetary policy. The FOMC minutes confirmed that the Board will move “expeditiously” to...
The Macro Outlook for w/c 4 April 2022
Key themes for the week ahead – FOMC & ECB Minutes, RBA Meeting, and ongoing geopolitical headline risk Recap from last week The path of inflation remained a central theme last week. The Euro area prelim CPI for Mar came in notably higher than expected,...
The Macro Outlook for w/c 28 March 2022
Key themes for the week ahead – US non-farm payrolls, inflation data, and ongoing geopolitical headline risk Recap from last week In the week following the first US rate hike in this cycle, US Fed Chair Powell signaled that the FOMC is willing to be “more aggressive”...
The Macro Outlook for w/c 21 March 2022
Key events for the week ahead – Geopolitical risks, US Fed Chair Powell speech, global prelim PMI’s for March Recap from last week The invasion of Ukraine continues unabated, and hopes are that a diplomatic resolution can be reached as soon as possible. Commentary...
The Macro Outlook for w/c 14 March 2022
Key events for the week ahead – Geopolitical risks, central bank meetings - FOMC, BoE, and BoJ, RBA minutes, US retail sales Recap from last week The invasion of Ukraine continues to exact an enormous humanitarian toll. We hope for a swift end to this violence, but...
