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 for w/c 30 June 2025
Key events this week: US non-farm payrolls, ISM surveys, ECB Forum on Central Banking, US Independence Day Holiday Recap from last week: US Growth Cools while the Inflation Path Remains Unclear After a period of elevated geopolitical anxieties, this week's economic...
The Macro Outlook for w/c 23 June 2025
Key events this week; US PCE Inflation, Fed Chair Powell testimony, US goods trade balance (prelim), and S&P prelim PMIs Jun Recap from last week: Central Banks Navigate Trade Uncertainty Amidst persistent tariff and trade uncertainties, major central...
The Macro Outlook for w/c 16 June 2025
Key events this week; Central Bank Meetings - FOMC, BoJ, SNB, BoE, and US Retail Sales Recap from last week: Benign US Inflation for May Last week offered a mixed view of the global economic outlook. Initial optimism stemmed from benign US inflation reports, which...
The Macro Outlook for w/c 9 June 2025
Key events this week; US CPI & PPI May Recap from last week: Policy Impacts We are at an early point in the policy cycle where significant new policy changes are beginning to be reflected in US economic performance. Our focus remains on tracking shifts in the US...
The Macro Outlook for w/c 2 June 2025
Key events this week; US Non-farm Payrolls, ISM & S&P PMI surveys, Fed Speeches, ECB & BoC Meetings Recap from last week: US Growth Amid Tariff Distortions Following our focus in recent weeks, we continue to examine an economic landscape heavily influenced...
The Macro Outlook for w/c 26 May 2025
Key events this week; US PCE inflation & prelim goods trade balance, FOMC minutes, & RBNZ meeting Recap from last week: Navigating the Economic Crosscurrents: Tariffs, Inflation, Growth, and Sentiment We pick up on a similar theme to last week as we continue...
The Macro Outlook for w/c 19 May 2025
Key events this week – S&P Prelim PMIs May, RBA meeting, CPI: Japan, UK, Canada, and the Euro area Recap from last week - Navigating the Economic Crosscurrents: Tariffs, Inflation, Growth, and Sentiment We continue to navigate shifts in the economic landscape amid...
The Macro Outlook for w/c 12 May 2025
Key events this week – US CPI, PPI, retail sales, output, housing, and US Fed speeches Recap from last week: Central Bank Decisions Diverge on Tariff Uncertainty Elevated tariff uncertainty and trade tensions remained a key theme among central bank decisions last...
The Macro Outlook for w/c 5 May 2025
Key events this week – FOMC & BoE meetings, ISM & S&P Services PMIs Recap from last week: The tariff reality begins to bite. The reality of tariffs appears to be starting to ripple through the US and global economy. The breadth of this impact will depend,...
The Macro Outlook for w/c 28 April 2025
Key events this week – US Q1 GDP, Non-farm payrolls, PCE inflation, ISM manufacturing PMI, Eurozone & Aus CPI, BoJ Meeting Recap from last week: Global PMIs Soften as Tariff Risks Loom. There were several unifying themes emerging from the various surveys and data...
