 
    Today's economic data releases hold significant implications for major global currencies. In the United States, core PCE price index data could provide insights into inflationary trends, while consumer spending figures will reveal consumer behavior. In Europe, CPI and inflation rates will indicate price level dynamics and purchasing power. Switzerland's retail data highlights shifts in consumer confidence, between caution and optimism.
| Event | Date (NY) | Previous | Actual | Estimate | Change | Impact | 
|---|---|---|---|---|---|---|
| Core PCE Price Index MoM (Sep) | 2025-10-31 12:30:00 | 0.2% | - | 0.2% | - | High | 
| Core PCE Price Index YoY (Sep) | 2025-10-31 12:30:00 | 2.9% | - | 2.9% | - | High | 
| Personal Spending MoM (Sep) | 2025-10-31 12:30:00 | 0.6% | - | 0.4% | - | High | 
| Personal Income MoM (Sep) | 2025-10-31 12:30:00 | 0.4% | - | 0.4% | - | High | 
🗣️ Interpretation: The stability in core PCE figures aligns with Federal Reserve expectations, maintaining moderate inflationary pressures. Stable or increasing personal spending supports economic recovery, although a slowdown compared to previous periods could suggest caution among consumers.
📈 Currency Impact: The release of steady core PCE figures and personal spending will likely maintain current support for the USD, as they align with the Federal Reserve’s inflation targets while sustaining consumer dynamics.
| Event | Date (NY) | Previous | Actual | Estimate | Change | Impact | 
|---|---|---|---|---|---|---|
| CPI (Oct) | 2025-10-31 10:00:00 | 129.43 | 129.7 | 129.7 | 0.27% | High | 
| Retail Sales YoY (Aug - GR) | 2025-10-31 10:00:00 | 2.1% | 3.9% | 4% | 1.8% | High | 
| Inflation Rate YoY (Oct) | 2025-10-31 10:00:00 | 2.2% | 2.1% | 2.1% | -0.1% | High | 
| Inflation Rate YoY (Oct - IT) | 2025-10-31 10:00:00 | 1.6% | 1.2% | 1.6% | -0.4% | High | 
| Inflation Rate YoY (Oct - FR) | 2025-10-31 07:45:00 | 1.2% | 1% | 1.1% | -0.2% | High | 
| Retail Sales MoM (Sep - DE) | 2025-10-31 07:00:00 | -0.5% | 0.2% | 0.2% | 0.7% | High | 
| Retail Sales YoY (Sep - DE) | 2025-10-31 07:00:00 | 1.4% | 0.2% | 1.9% | -1.2% | High | 
🗣️ Interpretation: The diverse data across the Euro area shows varying inflationary pressures, with German retail sales indicating potential consumer caution. The slightly lower inflation rates could signal softer price increases, supporting purchasing power but also hinting at weak demand.
📉 Currency Impact: These figures may place a burden on the euro, as mixed retail sales and declining inflation rates may prompt discussions on further monetary policy support from the European Central Bank.
| Event | Date (NY) | Previous | Actual | Estimate | Change | Impact | 
|---|---|---|---|---|---|---|
| Retail Sales MoM (Sep) | 2025-10-31 07:30:00 | -0.2% | 0.6% | 0.2% | 0.8% | High | 
| Retail Sales YoY (Sep) | 2025-10-31 07:30:00 | -0.4% | 1.5% | 0.3% | 1.9% | High | 
🗣️ Interpretation: The significant rebound in Switzerland's retail sales, both month-to-month and year-on-year, reflects a strong recovery in consumer confidence and spending patterns following previous contractions.
📈 Currency Impact: These positive retail sales figures support the Swiss franc by reinforcing economic resilience, likely providing a bullish outlook for the currency in the short term.
✅ The U.S. dollar remains broadly supported, with stability in core inflation and spending metrics suggesting continued economic momentum. In contrast, the Euro faces mixed signals, with potential headwinds due to falling inflation and soft retail sales data. Meanwhile, the Swiss franc is bolstered by strong retail performance, indicating economic robustness. Overall, today’s data is primarily supportive for the USD and CHF, while presenting challenges for the Euro.