Trading Week Ahead: FOMC Minutes and Eurozone CPI
With market volatility suppressed near yearly lows, upcoming macroeconomic catalysts will test current rate expectations. The FOMC meeting minutes, Eurozone CPI, and U.S. flash PMIs will drive cross-asset sentiment and currency repricing.
👉 EUR CPI – 11:00 AM, Wednesday (GMT+2)
Forecast at 2.8% following a -0.1% contraction previously. An upside surprise could spark hawkish ECB rate bets and lift EUR pairs, while a softer print will likely pressure the euro.
👉 FOMC Meeting Minutes – 8:00 PM, Wednesday (GMT+2)
Details from July’s policy hold, where three members dissented in favor of a 25-basis-point hike, will be closely parsed. Any hawkish tone regarding persistent inflation risks could lift the U.S. dollar and Treasury yields.
👉 U.S. Flash Services PMI – 3:45 PM, Friday (GMT+2)
Tipped to cool to 53.9 from 54.6 previously. A robust beat will highlight economic resilience and support USD, whereas a sharp downside miss may fuel risk-off flows.
| Date | Time | Instrument | Event |
|---|---|---|---|
| 08/18/26 |
8:00 AM
|
GBP
|
Claimant Count Change |
| 08/19/26 |
8:00 AM
|
GBP
|
CPI |
|
11:00 AM
|
EUR
|
CPI | |
|
8:00 PM
|
USD
|
FOMC Meeting Minutes | |
| 08/20/26 |
2:30 PM
|
USD
|
Philadelphia Fed Manufacturing Index |
| 08/21/26 |
8:00 AM
|
GBP
|
Retail Sales |
|
10:00 AM
|
EUR
|
Eurozone Flash Manufacturing PMI | |
|
EUR
|
Eurozone Flash Services PMI | ||
|
3:45 PM
|
USD
|
Flash Manufacturing PMI | |
|
USD
|
Flash Services PMI |
*All times in the table are in GMT+2
All information provided herein is intended solely for educational purposes related to trading on financial markets and does not constitute investment advice or serve in any way as a specific investment recommendation. Please read the full disclosure here.
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