NFP, CPI, FOMC, ECB and BoE release times in IST
By World Macro News ยท Updated 2026-10-26
Most of the biggest moves in forex, gold and the US indices happen in the minutes after a scheduled release. The releases come out at fixed local times, so once you know the pattern you can tell in advance when the market will be busy in India.
United States
| Release | New York time | IST (US summer time) | IST (US winter time) |
|---|---|---|---|
| Jobs report (Non-Farm Payrolls), CPI, PPI, retail sales, GDP, weekly jobless claims | 8:30 AM | 6:00 PM | 7:00 PM |
| ISM surveys, JOLTS job openings, consumer sentiment | 10:00 AM | 7:30 PM | 8:30 PM |
| EIA weekly crude oil inventories (Wednesdays) | 10:30 AM | 8:00 PM | 9:00 PM |
| Federal Reserve (FOMC) rate decision | 2:00 PM | 11:30 PM | 12:30 AM (next day) |
| Fed Chair press conference | 2:30 PM | 12:00 midnight | 1:00 AM (next day) |
The jobs report usually comes out on the first Friday of the month. The official dates are on the BLS release schedule, the Fed's meeting dates on the FOMC calendar, and the oil report on the EIA Weekly Petroleum Status Report page.
Europe, the UK and Australia
| Release | Local time | IST (summer time) | IST (winter time) |
|---|---|---|---|
| ECB rate decision | 2:15 PM Frankfurt | 5:45 PM | 6:45 PM |
| ECB press conference | 2:45 PM Frankfurt | 6:15 PM | 7:15 PM |
| Bank of England rate decision | 12:00 PM London | 4:30 PM | 5:30 PM |
| Reserve Bank of Australia decision | 2:30 PM Sydney | 9:00 AM (Australian summer) | 10:00 AM (Australian winter) |
The Bank of Japan has no fixed announcement time. Its decision usually lands around midday in Tokyo, which is roughly 8:00 AM to 10:00 AM IST. Official dates: ECB monetary policy calendar, Bank of England dates.
How to read actual, forecast and previous
- Actual is the number just released.
- Forecast (or consensus) is the average of economists' estimates collected before the release. The market has already priced this in.
- Previous is last period's figure, sometimes revised. A big revision can matter as much as the new number.
Prices move on the surprise, the gap between actual and forecast, not on whether the number is "good". Strong US jobs or hot inflation usually lift the dollar and Treasury yields and weigh on gold, because they make Fed rate cuts less likely. A miss usually does the opposite. That is a tendency, not a rule: the reaction also depends on what else is in the report and on what the market was already positioned for.
Our reaction archive records what each release actually did to gold, oil, bitcoin, FX and the US indices, and the economic calendar lists this week's events in IST.
More guides
- Forex market hours in IST: when each session opens in India
- What moves the gold price (XAU/USD): the main drivers explained
- What moves crude oil prices (WTI): supply, demand and the weekly data
- How to calculate position size with 0.5% risk per trade
- Trading the news in forex: what happens when data beats or misses
Market information only, not financial advice. Trading forex, gold, oil, crypto, stocks and CFDs carries a high risk of loss. Research is gathered by AI from the linked sources and can contain mistakes; check the source. Prices are snapshots with the time shown. Risk disclaimer.