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 Weekly Macro Outlook: Fed Cut Expected (w/c 15 September 2025)
The key events shaping this week; Key central bank meetings, headlined by the FOMC, US retail sales, and global CPI reports. Recap from last week: The Case for a Fed Cut The latest U.S. inflation data is not likely to derail Fed Chair Powell’s signal to cut rates at...
The Weekly Macro Outlook: The Fed’s New Calculus (w/c 8 September 2025)
The key events shaping this week: US CPI & PPI (Aug), ECB monetary policy meeting Recap from last week: Confirming Downside Labor Market Risks Fed Chair Powell’s speech at Jackson Hole revealed the Fed Chair's new calculus: a shift in the balance of risks. This is...
The Weekly Macro Outlook: The Shifting Balance of Risks (w/c 1 September 2025)
The key events shaping this week: US labor market data for Aug, ISM surveys, Fed Beige Book, Euro Area CPI Aug, Aus GDP Q2, Global S&P PMIs Aug. Recap from last week: US Inflation & Growth Amid a Shifting Balance of Risks One of the clearest messages from Fed...
The Weekly Macro Outlook: All Eyes on Jackson Hole (w/c 18 August 2025)
The key events shaping the week commencing 18 August 2025 are: the annual Jackson Hole Symposium on Central Banking, Prelim S&P PMIs August, Global Inflation: UK, Canada, Euro area, and Japan. Recap from last week: Paving the Way to Jackson Hole Last week, US...
The Weekly Macro Outlook; Tug of War Between US Inflation & Growth (w/c 11 August 2025)
Summary; The key events shaping the week commencing 11 August 2025 are: US inflation; CPI, PPI, Import Price Index, US Retail Sales, Global Growth; UK, Japan, and Euro area GDP Q2, and the RBA Monetary Policy Meeting. Recap from last week: Testing US Economic...
The Macro Outlook for w/c 4 August 2025
Key events this week: US & global Services PMIs, US Factory Orders, Fed speeches, BoE Monetary Policy Meeting Recap from last week: Growth Concerns Mount as US Labor Market Softens This past week delivered a pivotal set of US data that challenged the narrative of...
The Macro Outlook for w/c 28 July 2025
Key events this week: FOMC, BoJ, & BoC meetings; US non-farm payrolls, PCE inflation, & Q2 GDP; Aus CPI Q2; Euro area Q2 GDP & CPI prelim Jul; Aug 1 tariffs. Recap from last week: Easing Uncertainty on the Tariff Outlook This past week saw the first of...
The Macro Outlook for w/c 21 July 2025
Key events this week: S&P Prelim PMIs July, ECB monetary policy meeting, RBA Minutes Recap from last week: Tariff echoes in inflation ahead of the FOMC Last week's US inflation and growth data offered important insights ahead of the upcoming FOMC meeting. Data...
The Macro Outlook for w/c 14 July 2025
Key events this week: US - CPI, PPI, Import Prices, & Retail Sales, Global CPI - Canada, Japan, Euro area, & the UK Recap from last week: FOMC uncertainty over tariff impacts, while tariff threats reignited The news on tariffs last week was mostly negative....
The Macro Outlook for w/c 7 July 2025
Key events this week: US tariffs, FOMC Minutes, RBA & RBNZ Meetings Recap from last week: Jobs Report Solidifies Fed's Patient Stance as Tariff Deadline Looms As the next critical deadline for reciprocal tariffs looms this week, the Federal Reserve remains firmly...
