July 6 – July 11, 2025 Economic report and policy meeting
July 6
Euro-Zone: Germany: Industrial Production (MoM) - May
U.K.: Halifax House Price Index (YoY and MoM) - June
July 7
Australia: Reserve Bank of Australia (RBA) Interest Rate Decision, NAB Business Confidence – June, RBA Press Conference
Euro-Zone: Retail Sales (YoY and MoM) – May, Germany: Balance of Trade – May, German Exports (MoM) – May, France: Balance of Trade - May
Japan: Current Account - May
U.K.: Halifax House Price Index (YoY and MoM) - June
July 8
Canada: Ivey Purchasing Manager’s Index (PMI) s.a. – June
China: Inflation Rate (YoY) – June, Inflation Rate (MoM) – June, Producer Price Index (PPI) (YoY) - June
New Zealand: Reserve Bank of New Zealand (RNBZ) Interest Rate Decision
U.S.: API Crude Oil Stock Change – July 4
The National Federation of Independent Business releases its Small Business Optimism Index for June. Consensus estimate is for a 97.9 reading, about one point less than in May. That would be right in line with the 51-year average of ninety-eight for the index.
July 9
Euro-Zone: ECB Guindos Speech
U.K.: RICS House Price Balance
U.S.: Federal Open Market Committee (FOMC) Minutes, Mortgage Bankers Association (MBA) 30-Year Mortgage Rate – July 4, EIA Gasoline Stocks Change – July 4, EIA Crude Oil Stocks Change – July 4
The White House’s 90-day reciprocal tariff pause ends Wednesday. So far, the U.S. has announced trade deals with the United Kingdom and Vietnam, as well as a truce with China, giving more time for discussions. With more than one hundred countries awaiting deals, President Trump recently said he would not extend the deadline. The Federal Open Market Committee releases the minutes from its mid-June monetary-policy-meeting. At that meeting the FOMC left the federal-funds rate unchanged at 4.25%-4.5%. The central bank has been on hold since December and looks set to take the summer off as another solid jobs report released this past week pushed traders to price in almost no chance of a rate cut at the late-July meeting.
July 10
Euro-Zone: Italy: Industrial Production (MoM) – May, Germany: Wholesale Prices (YoY and MoM) - June
New Zealand: Business New Zealand Purchasing Managers Index (PMI) - June
U.K.: GDP (MoM) – May, Goods Trade Balance – May, Goods Trade Balance Non-EU – May, Manufacturing Production (MoM) – May, GDP 3-Month Average – May, Industrial Production (MoM) - May
U.S.: Initial Jobless Claims – July 5, Continuing Jobless Claims – June 28, Jobless Claims 4-Week Average – July 5, Federal Reserve’s Musalem, Waller, and Daly Speeches
The Department of Labor reports initial jobless claims for the week ending July 5. Claims averaged 241,500 a week in June up from 215,200 in January.
July 11
Canada: Employment Change – June, Unemployment Rate – June, Participation Rate – June, Full Time Employment Change – June, Part Time Employment Change - June
China: Balance of Trade – June, Exports (YoY) – June, Imports (YoY) - June
Euro-Zone: France: IEA Oil Market Report
Switzerland: Consumer Confidence - June
U.S.: Monthly Budget Statement - June
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.
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