7-Day Economic Calendar and Market Preview
Upcoming Central Bank Events, Inflation Data, and Key Market Drivers
The week ahead promises high volatility across global markets as traders monitor inflation updates, interest rate clues, and key policy statements from major central banks including the Federal Reserve (Fed), European Central Bank (ECB), Bank of England (BoE), and Bank of Japan (BOJ).
Below is a region-by-region breakdown of what to watch between Monday and Sunday.
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Monday – Market Sentiment and Early Data Flows
Focus: Eurozone and UK manufacturing activity
Expected Impact:
Early PMI data will offer clues about economic momentum in Europe. A stronger print could support the euro and pound, while weak numbers might increase expectations of future rate cuts by the ECB or BoE.
Key Currencies: EUR/USD, GBP/USD
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Tuesday – U.S. Job Market and Fed Speakers
Focus: U.S. JOLTS Job Openings and Fed commentary
Expected Impact:
The U.S. job market remains a major signal for the Fed’s next decision. If job openings fall further, it may reinforce speculation of a rate cut. Fed officials speaking throughout the day will guide short-term USD direction.
Key Currencies: USD/JPY, EUR/USD
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Wednesday – Mid-Week Inflation Watch
Focus: China CPI, Eurozone industrial output, and U.S. EIA energy data
Expected Impact:
China’s inflation figures will shape Asian market sentiment, especially for risk-linked currencies like the AUD and JPY. In Europe, weak industrial data could weigh on the euro. Meanwhile, energy prices in the U.S. remain crucial to the inflation outlook.
Key Currencies: AUD/USD, EUR/USD, USD/JPY
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Thursday – Major Central Bank Watch
Focus: U.S. Consumer Price Index (CPI)
Expected Impact:
This is the week’s most anticipated release. A higher-than-expected CPI could delay the Fed’s first rate cut, giving the U.S. dollar a short-term boost. Conversely, a soft reading might push the USD lower while supporting gold and emerging-market currencies.
Key Currencies: USD/JPY, EUR/USD, GBP/USD
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Friday – UK and Eurozone Take the Stage
Focus: UK GDP data and Eurozone inflation revisions
Expected Impact:
UK GDP: A stronger reading will support the pound and reduce the odds of an early BoE rate cut.
Eurozone Inflation: A downward revision would validate the ECB’s warning about “undershooting,” keeping the euro under pressure.
Key Currencies: GBP/USD, EUR/GBP
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Saturday – Weekend Market Reflection
Focus: Post-week commentary from central bankers
Expected Impact:
Investors will analyze policy remarks and data outcomes to reassess expectations for the next rate meetings. Weekend statements often set the tone for Monday’s open in Asian FX markets.
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Sunday – Asia Opens with BOJ in Focus
Focus: Japan’s latest household spending and BOJ guidance updates
Expected Impact:
Following last week’s political shifts, traders will monitor whether BOJ officials hint at policy adjustments or currency stabilization efforts. Any unexpected commentary could trigger an early-week yen gap at the open.
Key Currencies: USD/JPY, EUR/JPY
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Weekly Trading Outlook
1. U.S. Dollar (USD):
The dollar’s trend hinges on CPI results. A softer inflation number could lead to fresh downside pressure, supporting risk assets and commodities.
2. Euro (EUR):
The ECB’s cautious tone limits euro gains. Markets will watch for confirmation that inflation is trending below target.
3. British Pound (GBP):
UK GDP and wage data will determine whether the BoE can maintain its tightening bias. Persistent inflation could keep sterling supported.
4. Japanese Yen (JPY):
After recent political surprises, the yen’s outlook depends on BOJ policy signals and any signs of intervention.
5. Commodities & Risk Assets:
Gold and oil remain sensitive to U.S. inflation data and global growth sentiment.
