FX Economic Calendar

January 18 – January 23, 2026 Economic report and policy meetings

 

Sunday, January 18

Euro-Zone: Eurogroup Meeting

China: House Price Index (YoY) – Dec, GDP Growth Rate (YoY & QoQ) – Q4, Industrial Production (YoY) – Dec, Retail Sales (YoY) – Dec, Fixed Asset Investment YTD (YoY) – Dec, Industrial Capacity Utilization

Switzerland: World Economic Forum Meeting (Jan 19-23)

Japan: Machinery Orders (MoM & YoY) – Nov

 

Monday, January 19

Brazil: BCB Focus Market Readout

Canada: Inflation Rate (YoY & MoM) – Dec, Core Inflation Rate (MoM & YoY) – Dec, CPI Median (YoY) – Dec, CPI Trimmed-Mean (YoY) – Dec, New Motor Vehicle Sales – Nov, BoC Business Outlook Survey, BoC Survey of Consumer Expectations

Euro-Zone: Core Inflation Rate (YoY) Final – Dec, CPI Final – Dec, Inflation Rate (MoM & YoY) Final – Dec, ECOFIN Meeting, ECB Donnery Speech

Japan: Capacity Utilization (MoM) – Nov, Industrial Production (MoM & YoY) Final – Nov

U.S.: US Markets are closed in honor of Martin Luther King Jr. Day

 

Tuesday, January 20

Australia: Building– Nov  

Brazil: Business Confidence – Jan

Euro-Zone: Current Account – Nov, Current Account s.a – Nov, ZEW Economic Sentiment Index – Jan, Construction output (YoY) – Jan

Germany: PPI (MoM & YoY) – Dec, ZEW Economic Sentiment Index – Jan, ZEW Current Conditions

Spain: Balance of Trade – Nov

Italy: Current Account – Nov

South Africa: S&P Global PMI – Dec

Switzerland: Produce & Import Prices (MoM & YoY) – Dec, SNB Schlegel Speech

U.K.: Unemployment Rate – Nov, Employment Change – Nov, Avg Earnings inc. Bonus (3Mo/Yr) – Nov, Avg Earnings excl. Bonus (3Mo/Yr) – Nov, Clamant Count Change – Dec, HMRC Payrolls Change

U.S.: ADP Employment Change Weekly, API Crude Oil Stock Change – Jan/16, 3-Month Bill Auction, 6-Month Bill Auction, 52-Week Bill Auction

 

Wednesday, January 21

Australia: Employment Change – Dec, Full-time Employment Change – Dec, Unemployment Rate – Dec

Canada: PPI (MoM & YoY) – Dec, Raw Materials Prices (MoM & YoY) – Dec

China: Foreign Direct Investment YTD (YoY) – Dec

Euro-Zone: ECB President Lagarde Speech

France: IEA Oil Market Report

Italy: Construction Output (YoY) – Nov

Japan: Balance of Trade – Dec, Exports (YoY) – Dec, Imports (YoY) – Dec, Foreign Bond Investment – Jan/17

Mexico: Retail Sales (MoM & YoY) – Nov

South Africa: Inflation Rate (MoM & YoY) – Dec

South Korea: GDP Growth Rate (QoQ & YoY) Adv – Q4

U.K.: Inflation Rate (MoM & YoY) – Dec, Core Inflation Rate (MoM & YoY) – Dec, PPI Core Output (MoM & YoY) – Dec, PPI Input (MoM & YoY) – Dec, PPI Output (MoM & YoY) – Dec, Retail Price Index (MoM & YoY) – Dec, CBI Business Optimism Index – Q1, CBI Industrial Trends Orders – Jan, BoE Woods Speech

U.S.: MBA 30-Year Mortgage Rate, MBA Mortgage Applications – Jan/16, MBA Mortgage Market Index – Jan/16, MBA Mortgage Refinance Index – Jan/16, Rebook (YoY) – Jan/17, Pending Home Sales (MoM & YoY) – Dec, Construction Spending (MoM) – Sep, Construction Spending (MoM) – Oct, 17-Week Bill Auction, 20-Year Bond Auction

 

Thursday, January 22

Australia: S&P Global Manufacturing PMI Flash – Jan, S&P Global Services PMI Flash – Jan

Canada: CFIB Business Barometer – Jan, New Housing Price Index (MoM) – Dec

Euro-Zone: ECB Monetary Policy Meeting Accounts, Consumer Confidence Flash – Jan

Germany: Bundesbank Monthly Report

Japan: BoJ Interest Rate Decision, BoJ Quarterly Outlook Report, Inflation Rate (YoY & MoM) – Dec, Core Inflation Rate (YoY) – Dec, Inflation Rate Ex-Food and Energy YoY – Dec, S&P Global Manufacturing PMI Flash – Jan, S&P Global Services PMI Flash – Jan, S&P Global Composite PMI Flash – Jan

Mexico: Mid-month Core Inflation Rate (MoM & YoY) – Jan, Mid-month Inflation Rate (MoM & YoY) – Jan

New Zealand: Inflation Rate (QoQ) – Q4,

South Korea: Consumer Confidence – Jan

After raising rates to the highest levels in 30-years, The Bank of Japan is largely expected to hold rates neutral at 0.75%. As inflation continues to hamper the country, the BoJ may signal additional rate hikes.

Singapore: URA Property index (QoQ) Final – Q4

U.K.: Public Sector Net Borrowing Ex-Banks – Dec, CBI Distributive Trades – Jan, Gfk Consumer Confidence – Jan

U.S.: GDP Growth Rate (QoQ) Final – Q3, GDP Priced Index (QoQ) Final – Q3, Initial Jobless Claims Jan/17, Continuing Jobless Claims - Jan/10, Core PCE Prices (QoQ) Final Q3, PCE Prices (QoQ) Final – Q3, Corporate Profits (QoQ) Final - Q3, GDP Sales (QoQ) Final – Q3, Jobless Claims 4-week Average – Jan/17, Real Consumer Spending (QoQ) Final Q3, Core PCE Price Index (MoM) – Oct, Core PCE Price Index (MoM) – Nov, Personal Income (MoM) – Oct, Personal Income (MoM) – Nov, Personal Spending (MoM) – Oct, Personal Spending (MoM) – Nov, PCE Price Index (MoM & YoY) – Oct, PCE Price Index (MoM & YoY) – Nov, Core PCE Price Index (YoY) – Oct, Core PCE Price Index (YoY) – Nov, EIA Natural Gas Stocks Change – Jan/16, Kansas Fed Composite Index – Jan, Kansa Fed Manufacturing Index – Jan, EIA Crude Oil Stocks Change – Jan/16, EIA gasoline Stocks Change – Jan/16, 15-Year Mortgage Rate- Jan/22, 30-Year Mortgage Rate – Jan/22, EIA Crude Oil Imports Change, 10-Year TIPS Auction, 4-Week Bill Auction, 8-Week Bill Auction, Fed Balance Sheet – Jan/21

In the third quarter of 2025, annualized GDP for the U.S. was 4.3% compared to the forecast of 3.3 The growth largely reflected increases in consumer spending, government spending, and increased exports. Notably, investments in structures and residential properties continues to decline.

 

Friday, January 23

Canada: Retail Sales (MoM & YoY)- Nov, Retail Sales ex Autos (MoM) – Nov, Retail Sales (MoM) Prel – Dec, Manufacturing Sales (MoM) Prel – Dec

Euro-Zone: HCOB Composite PMI Flash – Jan, HCOB Manufacturing PMI Flash – Jan, HCOB Services PMI Flash – Jan

France: HCOB Composite PMI Flash – Jan, HCOB Manufacturing PMI Flash – Jan, HCOB Services PMI Flash – Jan

Germany: HCOB Composite PMI Flash – Jan, HCOB Manufacturing PMI Flash – Jan, HCOB Services PMI Flash – Jan

Italy: Retail Sales (MoM & YoY) – Nov

Spain: Industrial, Business Confidence – Dec

India: HSBC Composite PMI Flash – Jan, HSBC Manufacturing PMI Flash – Jan, HSBC Services PMI Flash – Jan

Mexico: Economic Activity (MoM & YoY) – Nov

Singapore: Core Inflation Rate (YoY) – Dec, Inflation Rate (MoM & YoY) – Dec

U.K.: Retail Sales (MoM &YoY) – Dec, Retail Sales ex Fuel (MoM & YoY) – Dec, S&P Global Manufacturing PMI Flash, S&P Global Services PMI Flash – Jan, BoE Greene Speech, S&P Global Composite PMI Flash – Jan

U.S.: S&P Global Manufacturing PMI Flash, S&P Global Services PMI Flash – Jan, S&P Global Composite PMI Flash – Jan, Michigan Consumer Sentiment Final – Jan, Michigan 5-year Inflation Expectations Final – Jan, Michigan Consumer Expectations Final – Jan, Michigan Inflation Expectations Final – Jan, Baker Hughes oil Rig Count – Jan/23, Baker Hughes Total Rigs Count – Jan/23

Bold denotes likely market-moving newsflash which traders consider significant to foreign exchange levels or otherwise important/noteworthy information, i.e., market holiday’s which will affect standard settlement dates.