November 9 – November 14, 2025 Economic report and policy meeting
November 9
Japan: BoJ Summary of Opinions, Coincident Index; Prel – Sep, Leading Economic Index; Prel – Sep
November 10
Australia: Westpac Consumer Confidence – Nov, NAB Business Confidence – Oct
Euro-Zone: Sentix Investor Confidence – Nov, ECB’s De Guindos Speech
Japan: Current Account – Sep, Trade Balance – Sep
New Zealand: RBNZ Inflation Expectations (QoQ) – Q4
U.K.: BRC Like-For-Like Retail Sales (YoY) – Oct, BoE’s Lombardelli Speech
U.S.: Fed Daly Speech, Fed Musalem Speech, 3-Month Bill Auction, 6-Month Bill Auction, 3-Year Note Auction
The U.S. Government shutdown has entered its 41st day in what has been the longest shutdown in U.S. history. However, it appears closer to ending after 8 moderate democrats in the U.S. senate agreed to a short-term funding bill which passed on a 60-40 vote Sunday night. As part of the deal, Senate Republicans promised to hold a vote on extending tax credits for health insurance under the Affordable Care Act, set to expire at year-end.
November 11
Euro-Zone: ZEW Survey – Economic Sentiment (Nov), ECB President Lagarde speech, ECB Slejipen Speech, ECB Escriva speech
Germany: ZEW Survey – Current Situation (Nov), ZEW Survey – Economic Sentiment (Nov)
Mexico: Industrial Output (MoM & YoY) – Sep
U.K.: Employment Change (3M) – Sep, Unemployment Rate (3M) – Sep, Claimant Count Change– Oct, Claimant Count Rate – Oct, Average Earnings Including bonus (3Mo/Yr) – Sep, Average Earnings excluding bonus (3M/Yr) – Sep, BoE’s Greene Speech
U.S.: NFIB Business Optimism index – Oct, ADP Employment Change 4-week average, Redbook Index (YoY), Fed Barr Speech
Tuesday, the bank will be closed in honor of Veteran’s Day. Major U.S. Stock Exchanges will remain open; yet the bond market will be closed.
November 12
Australia: Unemployment Rate – Oct, Employment Change – Oct, Full-Time Employment – Oct, Participation Rate – Oct, Part-time Employment – Oct, Consumer Inflation Expectations – Nov
Canada: BoC Summary of Deliberations, Building Permits (MoM) – Sep
Euro-Zone: ECB Schnabel speech, ECB De Guindos speech
Germany: Harmonized Index of Consumer prices (MoM & YoY) – Oct
Italy: Industrial Output (MoM & YoY) – Sep
India: CPI (YoY) – Sep
U.K.: BoE Pill Speech
U.S.: MBA Mortgage Applications, OPEC Monthly Market Report, API Weekly Crude Oil Stock, Fed Waller Speech, Fed Miran speech, Fed Williams Speech, Fed Paulson Speech, Fed Collins Speech, 10-Year Note Auction
November 13
Brazil: Retail Sales (MoM) – Sep
China: Industrial Production (YoY) – Oct, Retail Sales (YoY) – Oct, Unemployment Rate – Oct
Euro-Zone: Economic Bulletin, Industrial Production (MoM) – Sep, ECB’s Elderson speech
France: ILO Unemployment – Q3
Switzerland: Producer and Import Prices (MoM & YoY) – Oct
New Zealand: Business NZ PMI – Oct
U.K.: GDP (MoM) – Sep, GDP (QoQ, YoY) – Prel, Goods Trade Balance – Sep, Goods Trade Balance Non-EU – Sep, Industrial Production (MoM) – Sep, Manufacturing Production (MoM) – Sep, BoE’s Greene Speech
U.S.: CPI (Mom & YoY) – Oct, CPI ex Food & Energy (MoM & YoY), Initial Jobless Claims, Continued Jobless Claims, Initial Jobless Claims 4-week average, EIA Crude Oil Stocks Change, Monthly Budget Statement – Oct, Fed Daly Speech, Fed Hammack Speech, Fed Musalem Speech, 4-Week Bill Auction, 30-Year Bond Auction
November 14
Canada: Manufacturing Sales (MoM) – Sep, Wholesale Sales (MoM) – Sep
Euro-Zone: GDP (QoQ & YoY) – Q3 Prel, European Commission Economic Growth Forecasts, Employment Change (QoQ) – Q3 Prel, Trade Balances – Sep, ECB Escriva Speech, ECB Elderson Speech, ECB Lane Speech
France: CPI (MoM & YoY) – Oct, EU Norm
Spain: Harmonized Index of Consumer Prices (MoM & YoY) – Oct, CPI (MoM & YoY) – Oct
Italy: Global Trade Balance – Sep, Trade Balance EU – Sep
Switzerland: Retail Sales (YoY) – Sep
U.K.: Nationwide Housing Prices (MoM & YoY) – Oct,
U.S.: PPI (MoM & YoY) – Oct, PPI ex Food & Energy (MoM &YoY) – Oct, Retail Sales (MoM & YoY) – Oct, Retail Sales Control Group – Oct, Retail Sales ex Autos (MoM) – Oct, Business Inventories – Sep, EIA Natural Gas Storage Change, Baker Hughes US Oil Rig Count, Fed Schmid Speech, Fed Logan Speech
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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