FX Economic Calendar

May 4 – May 9, 2025 Economic report and policy meeting

 

May 4

Australia:  S&P Global Services Purchasing Managers Index (PMI) - April

Switzerland:  Inflation Rate (YoY) - April

 

May 5

Australia:  Building Permits (MoM) - March

Canada:  S&P Global Services Purchasing Managers Index (PMI) - April

China:  Caixin Services Purchasing Managers Index (PMI) - April

Euro-Zone:  France: Industrial Production (MoM) - March

Switzerland:  Unemployment Rate - April

U.S.:  S&P Global Services Purchasing Managers Index (PMI) – April, Institute of Supply Management (ISM) Services Purchasing Managers Index (PMI) – April

A little more than 350 S&P 500 index companies have reported results this earnings season, with more than 75% beating consensus earnings estimates and about 60% exceeding sales estimates. Roughly ninety more are on tap for this week. This Institute for Supply Management releases its Services Purchasing Managers’ Index for April. Consensus estimate is for a 50.3 reading, slightly lower than in March.

 

May 6

Australia:  Ai Group Industry Index - April

Canada:  Balance of Trade – March, Ivey Purchasing Managers Index (PMI) s.a. - April        

Euro-Zone:  HCOB Services Purchasing Managers Index (PMI) – April, Spain: Unemployment Change – April, HCOB Services PMI – April, Italy: HCOB Services PMI – April, France: HCOB Services PMI – April, Germany: HCOB Services PMI – April, Germany: Factory Orders (MoM) – March, France: Balance of Trade - March

New Zealand:  Employment Change (QoQ) – 1^st Qtr., Unemployment Rate – 1^st Qtr.

U.K.:  S&P Global Services Purchasing Managers Index (PMI) - April     

U.S.:  Balance of Trade – March, Imports – March, Exports – March, API Crude Oil Stock Change – May 2

 

May 7

Euro-Zone:  Retail Sales (YoY and MoM) – March, Italy: Retail Sales (YoY and MoM) – March, Germany: Balance of Trade – March, Germany: HCOB Construction Purchasing Managers Index (PMI) – April, Germany: Industrial Production (MoM), Exports (MoM) - March

Japan:  Bank of Japan (BoJ) Monetary Policy Meeting Minutes

New Zealand:  Reserve Bank of New Zealand (RNBZ) Financial Stability Report

U.K.:  S&P Global Construction Purchasing Managers Index (PMI) – April, Halifax House Price Index (YoY and MoM) - April

U.S.:  Federal Reserve Interest Rate Decision, Federal Reserve Press Conference, Mortgage Bankers Association (MBA) 30-Year Mortgage Rate – May 2, EIA Gasoline Change – May 2, EIA Crude Oil Stocks Change – May 2

The Federal Open Market Committee (FOMC) announces its monetary-policy meeting decision. The FOMC is widely expected to keep the federal-funds rate unchanged at 4.25% to 4.5%. The focus will be on Federal Reserve Chair Jerome Powell and how he addresses the Fed’s dual mandate. With the labor market still solid and inflation running ahead of the Fed’s 2% target, even before any potential tariff-related pressure, the central bank has been content to take a wait-and-see approach.

 

May 8

China:  Balance of Trade – April, Exports (YoY) – April, Imports (YoY) - April

Canada:  Financial Stability Report   

Japan:  Household Spending (YoY and MoM) - March            

U.K.:  Bank of England (BoE) Interest Rate Decision, BoE Monetary Policy Report, MPC Meeting Minutes, BoE MPC Vote Cut, BoE MPC Vote Hike, BoE MPC Vote Unchanged, RICS House Price Balance – April, Manufacturing Production (MoM) – March, Industrial Production (MoM) – March

U.S.:  Initial Jobless Claims – May 3, Continuing Jobless Claims – April 26, Jobless Claims 4-Week Average – May 3, Unit Labor Costs (QoQ) – 1^st Qtr., Nonfarm Productivity (QoQ) – 1^st Qtr.

 

May 9

Canada:  Employment Change – April, Unemployment Rate – April, Full Time Employment Change – April, Part Time Employment Change – April, Participation Rate - April

China:  New Yuan Loans – April, Current Account – 1^st Qtr., Producer Price Index (PPI) (YoY) – April, Inflation Rate (MoM) – April

China:  Inflation Rate (YoY) – April   

Euro-Zone:  Italy: Industrial Production (MoM) - March

Switzerland:  Consumer Confidence - April  

U.K.:  Bank of England Bailey Speech

U.S.:  Federal Reserve’s Williams, Goolsbee, Williams, Hammack and Musalem Speeches

 

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.