FX Economic Calendar

May 11 – May 16, 2025 Economic report and policy meeting

 

May 11

Japan:  Current Account – March

U.S.:  Federal Reserve’s Barkin Speech

 

May 12

Australia:  Westpac Consumer Confidence Change – May, NAB Business Confidence – April, Westpac Consumer Confidence Index – May    

Japan:  Bank of Japan (BoJ) Summary of Opinions    

U.K.:  British Retail Consortium (BRC) Retail Sales Monitor (YoY) – April, Employment Change – March, Unemployment Rate – March, Average Earnings including Bonus (3Mo/Yr) – March, Bank of England (BoE) Greene Speech

U.S.:  Monthly Budget Statement – April, Federal Reserve’s Kugler Speech  

More than 450 S&P 500 companies have reported first-quarter earnings, with nearly 80% beating earning-per-share estimates and about 60% besting sales projections.

 

May 13

Australia:  Investment Lending for Homes – 1^st Qtr., Home Loans (QoQ) – 1^st Qtr.

Euro-Zone:  Germany: ZEW Economic Sentiment Index – May, ZEW Economic Sentiment Index - May

U.K.:  S&P Global Manufacturing Purchasing Manager’s Index (PMI) – April, S&P Global Services PMI - April

U.S.:   Consumer Price Index (CPI) – April, CPI s.a. – April, Inflation Rate (YoY and MoM) – April, Core Inflation Rate (YoY and MoM) – April, API Crude Oil Stock Change – May 9

The Bureau of Labor Statistics releases the consumer price index for April. Economists forecast a 2.4% year-over-year increase. The core CPI, which strips out volatile food and energy prices, is expected to rise 2.8%. Both estimates would match the March data. The annual change in the March core CPI was the lowest in four years.

 

May 14

Australia:  Employment Change – April, Unemployment Rate – April, Full Time Employment Change - April

China:  New Yuan Loans - April

Euro-Zone:  Germany:  Wholesale Prices (YoY and MoM) – April, Netherlands: Unemployment Rate – April

U.K.:  GDP Growth Rate (YoY) – 1^st Qtr., GDP Growth Rate (QoQ) – 1^st Qtr., Goods Trade Balance – March, Goods Trade Balance Non-EU – March, GDP (MoM) – March, Manufacturing Production (MoM) – March, Industrial Production (MoM) – March, Business Investment (QoQ) – 1^st Qtr., GDP 3-Month Average - March

U.S.:  Mortgage Bankers Association (MBA) 30-Year Mortgage Rate – May 9, EIA Gasoline Stocks Change – May 9, EIA Crude Oil Stocks Change – May 9, Federal Reserve’s Jefferson and Daly Speeches

 

May 15

Canada:  Housing Starts - April

Japan:  GDP Growth Rate (QoQ) – 1^st Qtr.

Euro-Zone:  Employment Change (YoY) – Qtr. 1, Employment Change (QoQ) – 1^st Qtr., ECB Guindos Speech, Industrial Production (MoM) – March, France: IEA Oil Market Report

Japan:  GDP Growth Annualized – 1^st Qtr., Bank of Japan (BoJ) Nakamura Speech, France: Unemployment Rate – 1^st Qtr.

New Zealand:  Business New Zealand Purchasing Manager’s Index (PMI) – April

Switzerland:  Industrial Production (YoY) – 1^st Qtr.

U.S.:  Initial Jobless Claims – May 10, Continuing Jobless Claims – May 3, Jobless Claims 4-Week Average – May 10, Retail Sales (YoY) – April, Retail Sales Excluding Autos (MoM) – April, Retail Sales Control Group (MoM) – April, Retail Sales Excluding Autos (MoM) – April, Producer Price Index (PPI) (MoM) – April, Empire State (New York) State Manufacturing Index – May, Federal Reserve Chair Powell Speech, Core Producer Price Index (PPI) (MoM) – April, Industrial Production (MoM) – March, Business Inventories (MoM) – March, National Association of Home Builders (NAHB) Housing Market Index – May, Philadelphia Federal Reserve Manufacturing Index – May, Federal Reserve’s Barr Speech

The Census Bureau reports retail sales data for April. Consumer spending is expected to be flat month over month, after a 1.5% jump in March.

 

May 16

Canada:  Senior Loan Officer Survey

Euro-Zone:  Italy: Balance of Trade – March      

U.S.:  Housing Starts – April, Building Permits – April, University of Michigan Consumer Sentiment – May, Import Prices (MoM) – April, Export Prices (MoM) – April, Building Permits (MoM) – April, Housing Starts (MoM) – April, Net Long-term Treasury International Capital (TIC) Flows – March  

The University of Michigan releases its consumer sentiment survey for May. April’s 52.2 reading was the lowest since July of 2022, while consumers’ year-ahead inflation expectations, 6.5%, was the highest since 1981.

 

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.