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.
Published consistently across multiple market cycles, it provides a forward-looking view on the week ahead:
◾Key economic data and global releases
◾Central bank policy and communication
◾Inflation, growth, and broader macro trends
◾Geopolitical developments
Latest Macro Outlook:
The Macro Outlook: Fed Dual Mandate Risks
The key events shaping the w/c 24 November 2025: US retail sales and PPI catch-up data for Sept, US Thanksgiving Holiday, Aus CPI, and RBNZ meeting The Recap from Last Week: FOMC Minutes and the Catch-Up US Employment Data for Sept FOMC Minutes – Risk Framing The FOMC...
The Macro Outlook: Delayed US Jobs Data & a Divided Fed
The key events shaping the w/c 17 November 2025: FOMC Minutes & Speeches, US Employment Situation for Sept, Prelim PMIs Nov, global CPI reports Recap from last week: Data Catch-Up Begins The US government shutdown has officially ended, shifting the focus from...
The Macro Outlook: US Government Shutdown Nearing the End
The key events shaping the w/c 10 November 2025: Veterans Day, resolution on the US government shutdown, UK & Aus labour market reports, Euro area & UK GDP Q3 Recap from last week: Resilience Undermined by Policy Uncertainty in Oct Momentum in the US economy...
The Macro Outlook: A Divided FOMC and the US Labor Market
The key events shaping the w/c 3 November 2025: US labor market data for Oct, RBA & BoE meetings, PMIs for Oct. Recap from last week: Review of FOMC, BoC, ECB, and BoJ Decisions While last week's central bank decisions played out mostly as expected, the FOMC...
The Weekly Macro Outlook: Central Bank Meetings – Preview
The key events shaping the w/c 27 October 2025: Central bank meetings: FOMC, BoC, BoJ, and ECB, Aus Q3 CPI, US-China meeting at APEC Recap from last week: CPI for September and Central Bank Previews The US and global CPI reports for September provided an important...
The Weekly Macro Outlook: Updated Inflation Backdrop for September
The key events shaping the w/c 20 October 2025: US CPI for Sep, global inflation reports for Sep (NZ, the UK, Canada, and Japan), S&P prelim PMIs for Oct Recap from last week: Fed Easing with Caution Amid the ongoing US government shutdown and data vacuum, focus...
The Weekly Macro Outlook: Balancing the Policy Mandate as Trade Risks Resurface
The key events shaping the w/c 13 October 2025: US-China trade posturing, US government shutdown continues, Fed speeches: Fed Chair Powell, Fed Beige Book Recap from last week: Balancing the Fed Policy Mandate With the ongoing US government shutdown creating a data...
The Weekly Macro Outlook: The Shadow US Jobs Report
The key events shaping the w/c 6 October 2025: US Govt shutdown progress, FOMC Minutes & Fed speeches, ECB Minutes, RBNZ Decision Recap from last week: The Week Without US Non-Farm Payrolls Despite the absence of key U.S. government labor market data (due to the...
The Weekly Macro Outlook: US Growth Versus the Labor Market Slowdown
The key events shaping the w/c 29 September 2025: US Govt shutdown risks, US labor market data Sep, ISM PMIs, Fed speeches, Euro area CPI, RBA Meeting Recap from last week: US Growth Backdrop Firms Last week, US data pointed to a more resilient growth backdrop...
The Weekly Macro Outlook: Fed Cuts & the Policy Path (w/c 22 September 2025)
The key events shaping the week ahead: US PCE Inflation, Fed speeches including Fed Chair Powell, S&P Prelim PMIs September Recap from last week: Central Banks & Signalling Central bank decisions last week were largely as expected. The decision by the Fed to...
