By Volodymyr Kravchenko Updated
Rates · Inflation · Dollar
Macro Market Intelligence
The interest-rate, inflation and dollar backdrop that moves gold, oil and forex — and the calendar that tells you when it matters.
Macro drivers — central-bank policy and interest rates, inflation and jobs data, the US dollar and Treasury yields, and global growth — set the backdrop for every market. Gold and forex tend to react most to rates and the dollar, oil to growth and supply. Scheduled releases such as CPI, payrolls and central-bank meetings are when that backdrop most often changes.
Funded account
Release day on a prop account
FTMO's FAQ lists these among its restricted events on Standard FTMO Accounts: no opening or closing trades 2 minutes either side.
NFP
Fri 6 Nov 2026 · 8:30 a.m. ET
±2 min: 08:28–08:32 ET
13:28–13:32 UTC
CPI
Tue 10 Nov 2026 · 8:30 a.m. ET
±2 min: 08:28–08:32 ET
13:28–13:32 UTC
FOMC rate decision
Wed 9 Dec 2026 · 2:00 p.m. ET
±2 min: 13:58–14:02 ET
18:58–19:02 UTC
Times from the official release calendar; FTMO's own calendar decides which events count. Rules read 23 Sep 2026; they change: VERIFY CURRENT DATA on FTMO's page. Affiliate link: Marlin may earn a commission at no extra cost to you. Evaluation programmes carry fees and outcomes are not guaranteed. Educational, not a trading signal. Affiliate disclosure.
- Rates & policy
- Central-bank decisions and guidance
- Inflation & jobs
- CPI, PPI and payrolls data
- Dollar & yields
- DXY and US Treasury yields
Transmission
How macro reaches each market
Economic calendar
Scheduled releases
Central-bank meetings and major data releases, updated automatically. Check event impact and timing before you trade around them.
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Economic calendar powered by TradingView.
Official US release dates and times (CPI, NFP, FOMC, GDP, PCE, EIA), checked against the agencies' own schedules.
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Frequently asked questions
What is macro analysis in trading?
Macro analysis looks at economy-wide forces — interest rates, inflation, growth, employment and currencies — to understand what may be driving markets such as gold, oil and forex.
Which economic data moves markets most?
Central-bank rate decisions and guidance, inflation reports such as CPI, and US jobs data are among the most watched releases because they shape rate expectations. The reaction usually depends on how the result compares with expectations.
Why does the US dollar matter for gold and oil?
Both are priced in US dollars, so a stronger dollar tends to weigh on them and a weaker dollar can support them, all else being equal. It is a tendency, not a rule.
How do interest rates affect gold?
Higher real yields raise the opportunity cost of holding non-yielding gold and often pressure it; falling real yields tend to support it. Other factors can override the relationship.
Is macro analysis a trading signal?
No. It gives context for what may be driving a market; it does not predict price. Trading involves risk, and this content is educational, not financial advice.