FX Economic Calendar

May 18 – May 23, 2025 Economic report and policy meeting

 

May 18

China:  Unemployment Rate – April, Retail Sales (YoY) – April, Industrial Production (YoY) – April, House Price Index (YoY) – April, Fixed Asset Investment YTD (YoY) – April

U.S.:  Federal Reserve’s Williams Speech

 

May 19

Australia:  Reserve Bank of Australia (RBA) Interest Rate Decision, RBA Press Conference

China:  Loan Prime Rate 1 Yr., Loan Prime Rate 5 Yr – May

Euro-Zone:  Consumer Price Index (CPI) – April, Spain: Balance of Trade – March, Netherlands: Consumer Confidence – May, Germany: Producer Price Index (PPI) (YoY) - April

U.S.:  Federal Reserve’s Bostic, Jefferson, Williams, Logan, and Kashkari Speeches

 

May 20

Australia:  Investment

Canada:  Inflation Rate (YoY) – April, Consumer Price Index (CPI) Trimmed-Mean (YoY) – April, CPI Median (YoY) – April, Inflation Rate (MoM) – April, Core Inflation Rate (YoY) - April

Euro-Zone:  Consumer Confidence – May, Spain: Consumer Confidence - April

Japan:  Balance of Trade – April, Exports (YoY) – April

New Zealand:  Balance of Trade - April

U.K.:  Inflation Rate (YoY) – April, Inflation Rate (MoM) – April, Core Inflation Rate (YoY) - April

U.S.:   API Crude Oil Stock Change – May 16, Federal Reserve’s Barkin, Bostic, Collins, Musalem, Kugler, Hammack and Daly Speeches

 

May 21

Australia:  S&P Global Manufacturing Purchasing Manager’s Index (PMI) – May, S&P Global Services PMI - May

Canada:  New Housing Price Index (YoY and MoM) – April  

Japan:  Machinery Orders (YoY and MoM) – March, Jibun Bank Services Purchasing Manager’s Index (PMI) – May, Jibun Bank Services PMI – May, Bank of Japan (BoJ) Noguchi Speech

Euro-Zone: France: Business Confidence

U.S.:  Mortgage Bankers Association (MBA) 30-Year Mortgage Rate – May 16, EIA Crude Oil Stock Change – May 16, EIA Gasoline Stocks Change – May 16, Federal Reserve’s Barkin Speech

 

May 22

Canada:  Housing Starts - April

Japan:  GDP

Euro-Zone:  HCOB Services Purchasing Manager’s Index (PMI) – May, HCOB Manufacturing PMI – May, France: HCOB Manufacturing PMI – May, HCOB Services PMI – May, Germany: HCOB Services PMI – May, HCOB Manufacturing PMI – May, Ifo Business Climate – May, ECB Guindos Speech, HCOB Composite Purchasing Manager’s Index (PMI) – May, France: HCOB Composite PMI – May, Germany: HCOB Composite PMI – May, ECB Monetary Policy Meeting Accounts, France: Consumer Confidence - May

Japan:  Inflation Rate (YoY) – April, Core Inflation Rate (YoY) - April

New Zealand:  Retail Sales (YoY and QoQ) – 1^st Qtr.

U.K.:  S&P Global Manufacturing Purchasing Manager’s Index – May, S&P Global Services PMI – May, Retail Sales excluding Fuel (YoY) – April, Retail Sales (MoM) – April, Retail Sales excluding Fuel (MoM) – April, Retail Sales (YoY) – April, Gfk Consumer Confidence - May

U.S.:  Initial Jobless Claims – May 17, Continuing Jobless Claims – May 10, Jobless Claims 4-Week Average – May 17, S&P Global Services Purchasing Manager’s Index (PMI) – May, S&P Global Manufacturing PMI – May, Existing Home Sales (MoM) – April, Existing Home Sales – April, Chicago Federal Reserve National Activity Index – April, S&P Global Composite Purchasing Manager’s Index (PMI) – May, Federal Reserve’s Williams Speech

S&P Global releases both its Manufacturing and Services Purchasing Managers’ Indexes for May. Consensus estimates are for a 49.8 reading for the Manufacturing PMI and a 50.6 for the Services PMI. This compares with readings of 50.2 and 50.8 respectively, in April. The National Association of Realtors reports existing-home sales for April. Economists forecast a seasonally adjusted annual rate of 4.1 million homes sold, about 2% more than previously. March’s existing-home sales were the lowest for that month since 2009.

 

May 23

Canada:  Retail Sales excluding Autos (MoM) – March, Retail Sales (YoY) – March, Retail Sales (MoM) – March, Retail Sales (MoM) - April

China:  Foreign Direct Investment (FDI) YTD (YoY) - April

Euro-Zone:  Negotiated Wage Growth – 1^st Qtr.

U.S.:  New Home Sales (MoM) – April, New Home Sales – April, Federal Reserve’s Cook Speech

The Census Bureau reports new-home sales for April. Expectations are for a seasonally adjusted annual rate of 690,000 new single-family homes sold, 34,000 less than in March.

 

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.