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    Global market sessions & CME futures hours

    NEW YORK
    05:18:21 PM
    LONDON
    10:18:21 PM
    TOKYO
    06:18:21 AM
    UTC
    09:18:21 PM
    CME GLOBEX: CLOSEDOpens Sunday 6:00 PM ET
    AUSydney
    CLOSED
    22:00 – 7:00 UTC
    Opens in0h 41m 38s
    JPTokyo
    CLOSED
    0:00 – 9:00 UTC
    Opens in2h 41m 38s
    GBLondon
    CLOSED
    8:00 – 17:00 UTC
    Opens in10h 41m 38s
    USNew York
    LIVE
    13:00 – 22:00 UTC
    Closes in0h 41m 38s

    24-Hour Session Timeline (UTC)

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    00
    NOW
    AU Sydney
    JP Tokyo
    GB London
    US New York
    Orange line = current time (UTC)
    HIGH VOLUME OVERLAPS
    London + New York (13:00–17:00 UTC): Highest volume. Best for ES, NQ, CL.
    Tokyo + London (08:00–09:00 UTC): Good for gold (GC) and currency futures.
    Sydney + Tokyo (00:00–07:00 UTC): Lower volume. Wider spreads on indices.

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    Economic Calendar

    Earnings Calendar

    Market News

    Economic Events Cheat Sheet

    Live Reference Tool

    See how every US economic release impacts ES, NQ, RTY, YM, Gold, Silver, USD. Use the Conflict Scorer to pick the events dropping today and see which one wins.

    Current Regime — Feb 2026

    Fed rate 3.50-3.75% (held). "Good news = bad news" active. Core PCE ~2.8% (above target). Markets pricing 1-2 cuts. Powell exits May — Warsh transition adds uncertainty.

    Bullish Bearish Context
    High
    Med
    Low
    52 events
    Showing: Above Forecast signals
    EventImpactFreqESNQRTYYMGCSIDXYNotes
    EMPLOYMENT & LABOR
    Non-Farm Payrolls (NFP)
    HIGH
    		1xBullBullBullBullBearBearBullMore jobs than expected = strong economy. Stocks rally. Gold drops. Jan 2026: +130K vs 70K forecast. 2025 was massively revised down to avg 15K/mo — benchmark revisions matter. In current "good news = bad news" regime, very strong NFP can turn bearish as it kills cut hopes.
    Unemployment Rate
    HIGH
    		1xBearBearBearBearBullBullBearHigher unemployment = weaker labor. Stocks drop. Gold rallies. (LOWER # = bullish.) Currently 4.3% (Jan 2026) — Fed sees this as near "natural rate" but watching for deterioration. Rise to 4.5%+ could trigger emergency cuts.
    Avg Hourly Earnings m/m
    HIGH
    		1xMixMixMixMixBullBullBullWages up fast = inflation risk. Stocks mixed (good for spending but Fed stays tight). ADP data shows job-stayer pay +4.5% y/y. Hot wages = most sensitive trigger in "good news = bad news" regime — can override soft NFP headline.
    ADP Employment
    MED
    		1xBullBullBullBullBearBearBullMore private jobs. NFP preview. Smaller reaction than NFP.
    Initial Jobless Claims
    MED
    		4-5xBearBearBearBearBullBullBearMore filings = layoffs rising. Stocks drop. (LOWER # = bullish.) Claims currently near 2-yr lows = "low-hire, low-fire" market. Spike above 250K would be alarming.
    JOLTS Job Openings
    MED
    		1xBullBullBullBullBearBearBullMore openings = strong demand. Fed watches this. Ratio fell to 0.9 openings per unemployed (Nov 2025) — down from 2.0 in 2022. Still monitored closely.
    Continuing Claims
    MED
    		4-5xBearBearBearBearBullBullBearMore stuck on unemployment. (LOWER = bullish)
    INFLATION & PRICES
    CPI m/m
    HIGH
    		1xBearBearBearBearBullBullBullPrices rose MORE than expected. Fed stays hawkish. Stocks dump. Gold rips. Note: tariffs still inflating goods CPI in 2026. Core PCE (Fed's actual target) currently running hotter than CPI.
    CPI y/y
    HIGH
    		1xBearBearBearBearBullBullBullAnnual inflation above forecast. Persistent problem.
    Core CPI m/m
    HIGH
    		1xBearBearBearBearBullBullBullCore strips food/energy. STICKY underlying inflation. Fed watches this from CPI. Jan 2026 core = 2.5% y/y (lowest since Mar 2021). Goods inflation from tariffs a key sub-component.
    PPI m/m
    MED
    		1xBearBearBearBearBullBullBullProducer costs up = businesses pass to consumers = future CPI higher. Tariffs show up in PPI FIRST before hitting CPI. Key leading indicator for inflation direction.
    Core PPI m/m
    MED
    		1xBearBearBearBearBullBullBullUnderlying producer inflation rising.
    PCE Price Index m/m
    HIGH
    		1xBearBearBearBearBullBullBullFed PREFERRED gauge — NOT CPI. PCE running hotter than CPI (~2.8% vs 2.4%). Above forecast = biggest hawkish trigger. Oct 2025 shutdown disrupted data; latest reliable PCE is Sept 2025.
    Core PCE m/m
    HIGH
    		1xBearBearBearBearBullBullBullTHE #1 inflation number. Fed 2% target = THIS. Running ~2.8% as of late 2025 — well above CPI reads. Above forecast = panic. Oct 2025 shutdown disrupted PCE data collection.
    GDP & GROWTH
    GDP q/q (Advance)
    HIGH
    		1xBullBullBullBullBearBearBullEconomy grew faster. Stocks rally. Gold drops. Q3 2025 was 4.3% — very strong. In current regime, hot GDP can be bearish (delays cuts) if inflation also high.
    GDP q/q (Prelim)
    MED
    		1xBullBullBullBullBearBearBull2nd estimate revised up.
    GDP Price Index
    MED
    		1xBearBearBearBearBullBullBullInflation in GDP. Growth with price pressure.
    CONSUMER
    Retail Sales m/m
    HIGH
    		1xBullBullBullBullBearBearBullConsumers spending more = 70% of GDP. Stocks rally. Higher-income consumers driving most spending growth in current cycle. Tariff-driven price hikes may inflate headline without real volume gains.
    Core Retail Sales m/m
    HIGH
    		1xBullBullBullBullBearBearBullExcludes autos. Better read on behavior.
    Consumer Confidence (CB)
    MED
    		1xBullBullBullBullBearBearBullConsumers optimistic = will spend.
    UoM Sentiment
    MED
    		2xBullBullBullBullBearBearBullMichigan survey higher = optimism.
    UoM Inflation Expect.
    MED
    		2xBearBearBearBearBullBullBullConsumers expect higher prices. Fed takes this VERY seriously — unanchored expectations = hawkish signal. Long-term expectations currently anchored near levels consistent with 2% but Fed watching closely.
    Personal Spending m/m
    MED
    		1xBullBullBullBullBearBearBullSpending up = GDP boost. With PCE.
    Personal Income m/m
    MED
    		1xBullBullBullBullMixMixBullHigher income supports spending.
    MANUFACTURING & BUSINESS
    ISM Manufacturing PMI
    HIGH
    		1xBullBullBullBullBearBearBullAbove 50=expansion. Above forecast=stronger. Big mover.
    ISM Services PMI
    HIGH
    		1xBullBullBullBullBearBearBullServices=80% of economy. Above=broad growth.
    ISM Mfg Prices Paid
    MED
    		1xBearBearBearBearBullBullBullFactory costs rising = inflation. Tariffs directly push this higher. Prices Paid hit 69.7 in mid-2025. Bearish even if PMI strong.
    S&P Global Mfg PMI
    MED
    		2xBullBullBullBullBearBearBullSame as ISM, less impact.
    S&P Global Svc PMI
    MED
    		2xBullBullBullBullBearBearBullServices expansion.
    Durable Goods m/m
    MED
    		1xBullBullBullBullBearBearBullBig-ticket orders up. Volatile (aircraft).
    Core Durable Goods m/m
    MED
    		1xBullBullBullBullBearBearBullStrips aircraft. Real business spending.
    Industrial Production
    MED
    		1xBullBullBullBullBearBearBullMore output = growth. Silver reacts.
    Philly Fed Mfg
    MED
    		1xBullBullBullBullBearBearBullAbove 0=expansion. ISM preview.
    Empire State Mfg
    MED
    		1xBullBullBullBullBearBearBullNY Fed. First regional report.
    Chicago PMI
    MED
    		1xBullBullBullBullBearBearBullDay before ISM preview.
    HOUSING
    Existing Home Sales
    MED
    		1xBullBullBullBullBearBearBullMore sales = confidence.
    New Home Sales
    MED
    		1xBullBullBullBullBearBearBullStrong demand = growth.
    Building Permits
    MED
    		1xBullBullBullBullBearBearBullMore permits = leading indicator.
    Housing Starts
    MED
    		1xBullBullBullBullBearBearBullConstruction = activity + jobs.
    Pending Home Sales
    MED
    		1xBullBullBullBullBearBearBullContracts signed. Future preview.
    FED & RATES
    FOMC Rate Decision
    HIGH
    		~0.7xMixMixMixMixMixMixMixCurrently 3.50-3.75% (held Jan 2026). CUT=bull stocks+gold. HIKE=bear. HOLD=read statement + dot plot. Markets pricing 1-2 cuts in 2026. Powell's last meeting ~March/May; Warsh takes over — transition adds uncertainty.
    FOMC Statement
    HIGH
    		~0.7xMixMixMixMixMixMixMixJan 2026: removed language about labor market downside risks outweighing inflation — now balanced. Hawkish wording changes = bear. Watch for "inflation remains somewhat elevated" language.
    FOMC Press Conference
    HIGH
    		~0.7xMixMixMixMixMixMixMixPowell Q&A. Can reverse statement reaction.
    FOMC Minutes
    HIGH
    		~0.7xMixMixMixMixMixMixMixDetailed notes. Look for dissent.
    Fed Chair Speaks
    HIGH
    		2-4xMixMixMixMixMixMixMixMost influential single voice. Powell through May 2026, then Warsh (if confirmed). Watch for tone shifts during transition — new Chair's first speech will be MASSIVE market mover.
    Fed Member Speaks
    MED
    		8-15xMixMixMixMixMixMixMixVoting vs non-voting matters.
    OTHER
    Crude Oil Inventories
    MED
    		4-5xMixMixMixMixMixBullMixBuild=oil drops. Energy down.
    10-Year Note Auction
    MED
    		1xMixMixMixMixMixMixMixWatch bid-to-cover ratio + tail. Strong demand = lower yields = bull stocks. Weak = yields spike = bear. Foreign central bank participation closely watched.
    30-Year Bond Auction
    MED
    		1xMixMixMixMixMixMixMixLong-duration auction. Strong demand = confidence in long-term rates = bull. Tail > 2bps = weak. 30Y most sensitive to inflation expectations.
    Beige Book
    MED
    		~0.7xMixMixMixMixMixMixMixAnecdotal survey. Tone-based.
    Trade Balance
    MED
    		1xMixMixMixMixMixMixMixLarger deficit = mixed.
    Michigan Infl. Expect.
    MED
    		2xBearBearBearBearBullBullBullConsumers expect higher inflation.
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