REVIEW: created by import-candles on 2026-10-23 from Monorex history (digits 5 map); check digits/point_size/pip_size, then activate. Euro vs Australian Dollar
AI · systemEuropean Central Bank · 1 sourceImpact 3mixed
ECB holds deposit rate at 2.50% as energy risks deepen
The ECB kept its three key interest rates unchanged on October 29, leaving the deposit rate at 2.50%. It warned that a larger, longer energy shock is likely to raise inflation and weaken growth. Underlying inflation has remained broadly stable and wages have yet to show a material response, while tighter financing conditions could weigh on both inflation and activity. The Governing Council retained its meeting-by-meeting approach and made no commitment to a future rate path.
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The ECB kept its three key interest rates unchanged on October 29, leaving the deposit rate at 2.50%. It warned that a larger, longer energy shock is likely to raise inflation and weaken growth. Underlying inflation has remained broadly stable and wages have yet to show a material response, while tighter financing conditions could weigh on both inflation and activity. The Governing Council retained its meeting-by-meeting approach and made no commitment to a future rate path.
Counter view: Limitation: Tighter financing conditions are likely to weigh on inflation and growth; the ECB is not pre-committing to a particular rate path.
AI · systemEuropean Central Bank · 1 sourceImpact 3mixed
Lagarde to leave ECB on 7 February 2027
Christine Lagarde will step down as European Central Bank president on 7 February 2027, the ECB announced on October 29. She informed the Governing Council and European Council President António Costa of her decision. The European Council will appoint her successor through the nomination process set out in Article 283 of the EU treaty. The announcement establishes the departure date while leaving the successor’s appointment for a later stage.
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Christine Lagarde will step down as European Central Bank president on 7 February 2027, the ECB announced on October 29. She informed the Governing Council and European Council President António Costa of her decision. The European Council will appoint her successor through the nomination process set out in Article 283 of the EU treaty. The announcement establishes the departure date while leaving the successor’s appointment for a later stage.
AI · systemInvestingLive / ForexLive · 1 sourceImpact 2mixed
China’s private factories beat forecasts, but price cuts squeeze confidence
China’s RatingDog manufacturing PMI reached 52.0 in October, above the 51.6 Reuters-poll forecast but slightly below September’s 52.1, InvestingLive reports. Output grew at its fastest pace since April, contrasting with the official survey’s contraction. The strength came with discounting: factory-gate and export prices fell, while confidence hit a nine-month low. The surveys cover different firms, so the private-sector result qualifies rather than overturns the broader slowdown.
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China’s RatingDog manufacturing PMI reached 52.0 in October, above the 51.6 Reuters-poll forecast but slightly below September’s 52.1, InvestingLive reports. Output grew at its fastest pace since April, contrasting with the official survey’s contraction. The strength came with discounting: factory-gate and export prices fell, while confidence hit a nine-month low. The surveys cover different firms, so the private-sector result qualifies rather than overturns the broader slowdown.
More from the agenda 6Impact 2Australia’s dwelling approvals rebound, while house approvals fall
Australian dwelling approvals rose 5.1% in September to 17,948, reversing August’s 5.2% fall, the ABS reports. The rebound was uneven: private houses fell 5.3%, while private dwellings excluding houses rose 16.6%. Residential approval value also fell 2.8%. The headline recovery therefore masks weaker house approvals and a different mix of projects; these figures measure permits, not completed homes.
Australian Bureau of Statistics · 1 source · 00:30 UTC
Open the storyImpact 2Italy’s inflation jumps to 5.4% as energy costs surge
Italian inflation accelerated to +5.4% in October from +4.2%, Istat’s preliminary estimates show. Prices rose +0.9% from September. Energy drove much of the acceleration, with regulated energy prices up +59.5% over the year. Goods inflation reached +7.5%, while services rose +2.9%. The harmonised measure climbed to +5.6% annually. The figures remain provisional.
Istat · 1 source · Oct 30 10:08 UTC
Open the storyImpact 2Euro-area growth beats forecasts, but France contracts
Euro-area GDP grew 0.4% in the third quarter, above the 0.2% forecast but slower than the previous quarter’s 0.6%, InvestingLive reports. The expansion was uneven: Germany grew 0.2%, Italy stalled and France contracted 0.1%. Ireland’s 5.5% surge was driven by multinational-dominated industries. Justin Low cautions that the headline surprise masks a fragile growth picture as higher energy costs pressure the region.
InvestingLive / ForexLive · 1 source · Oct 30 10:00 UTC
Open the storyImpact 1Australia’s annual CPI rises to 4.3% in September
The Australian Bureau of Statistics reports annual CPI inflation of 4.3% in September 2026, up from 4.0% in August. Annual trimmed mean inflation rose to 3.6% from a revised 3.5%; August was revised down because of seasonal factors. Monthly CPI increased 0.8% in original terms and 0.6% after seasonal adjustment. Automotive fuel prices rose 9.4% during September as world oil prices increased. The release reports inflation data without making an interest-rate forecast.
www.abs.gov.au · 1 source · Oct 28 00:30 UTC
Open the storyImpact 1French household confidence drops to 80 in October
InvestingLive reports that French consumer confidence fell to 80 in October, below 85 expected, with the prior reading revised from 86 to 85. It describes the level as the lowest since 2013. Households reported worsening personal finances and living standards, while unemployment fears increased. The future-price balance rose to -7 points. These are survey measures of household sentiment and expectations, rather than observed unemployment or inflation rates.
InvestingLive / ForexLive · 1 source · Oct 27 07:45 UTC
Open the storyImpact 1Euro-area banks tighten business credit as loan demand falls
The ECB’s October lending survey reports tighter third-quarter credit standards for firms and consumer credit, while housing standards were unchanged. The net share reporting tighter business standards was 9%; the net balance reporting changes in business-loan demand was -6%. Higher interest rates were the main drag on demand. Banks expected further tightening in the fourth quarter and weaker housing and consumer borrowing, while several anticipated growing demand to finance AI infrastructure.
European Central Bank · 1 source · Oct 27 00:00 UTC