FX Economic Calendar

March 8 – March 14, 2025 Economic report and policy meeting

March 8

China:  Inflation Rate (YoY) – February

March 9

Euro-Zone:  Germany: Balance of Trade – January, Exports (MoM) – January, Germany: Industrial Production (MoM) – January

Japan:  Current Account - January

March 10

Australia:  National Australia Bank (NAB) Business Confidence - February   

Euro-Zone:  European Central Bank (ECB) Nagel Speech  

Japan:  Household Spending (YoY and MoM) – January, Growth Domestic Product (GDP) Growth Rate (QoQ) – 4^th Qtr., GDP Growth Annualized – 4^th Qtr., Netherlands: Inflation Rate (YoY) - February      

Switzerland:  Consumer Confidence - February      

March 11

U.S.:  Job Openings and Labor Turnover Survey (JOLTs) Report – January, API Crude Oil Stock Change – March 7

March 12

Australia:  Reserve Bank of Australia (RBA) Jones Speech

Canada:  Bank of Canada Interest Rate Decision, Bank of Canada Press Conference

Euro-Zone:  Spain: Retail Sales (YoY and MoM) – January, European Central Bank (ECB) President Lagarde Speech, ECB Nagel Speech, ECB Lane Speech

U.K.:  RICS House Price Balance - February

U.S.:  Consumer Price Index – February, Inflation Rate (YoY and MoM) – February, CPI s.a. – February, Core Inflation Rate (YoY and MoM) – February, Mortgage Bankers Association (MBA) 30-Year Mortgage Rate – March 7, EIA Gasoline Stocks Change – March 7, EIA Crude Oil Stocks Change – March 7, Monthly Budget Statement

The Bureau of Labor Statistics releases the consumer price index for February. Economists forecast at 2.9% year-over-year increase. The core CPI, which strips out food and energy prices, is expected to rise 3.2%. Both estimates would be one-tenth of a percentage less than the January figures. The annual change in the core CPI has been stuck in a narrow range of 3.2% to 3.3% since last summer.

March 13

Euro-Zone:  France: IEA Oil Market Report, Industrial Production (MoM) – January, European Central Bank (ECB) Galhau Speech, ECB Nagel Speech, Germany: Inflation Rate (YoY and MoM) – February, Wholesale Prices (YoY and MoM) – February, France: Inflation Rate (YoY and MoM) - February   

New Zealand:  Business NZ Purchasing Managers Index (PMI) - February       

U.K.:  Gross Domestic Product (GDP) (YoY and MoM) – January, Goods Trade Balance – January, Goods Trade Balance Non-EU – January, Manufacturing Production (MoM) – January, Gross Domestic Product (GDP) 3-Month Average – January, Industrial Production (MoM) - January

U.S.:  Initial Jobless Claims – March 8, Continuing Jobless Claims – March 1, Jobless Claims 4-Week Average – March 8, Producer Price Index (PPI) (YoY) – February, PPI Excluding Food, Energy and Trade (MoM) – February, Core PPI (YoY and MoM) – February, EIA Natural Gas Stocks Change – March 7

March 14

China:  New Yuan Loans - February

Euro-Zone:  Italy: Industrial Production (MoM) – January, European Central Bank (ECB) Cipollone Speech     

U.S.:  University of Michigan Consumer Sentiment – March

The University of Michigan releases its Consumer Sentiment Index for March. Consensus estimate is for a 63.9 reading, slightly less than in February. Plummeting consumer confidence and rising inflation expectations roiled the stock market over the past month. The most recent reading from the University of Michigan was a 15-month low, while a similar survey in late February from the Conference Board registered the largest monthly decline since August 2021. Consumers’ expectations of the year-ahead inflation was 4.3% in February in the Michigan survey, the highest reading since late 2023.

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.